After Jio’s 4G network and optical fibre-based broadband connection with a speed of up to 1 Gigabit per second, Mukesh Ambani, chairman of Reliance Industries Limited (RIL), is now planning to disrupt the country’s e-commerce industry with a $24 billion digital-services behemoth.

The Reliance Industries board approved a proposal to plow 1.08 trillion rupees ($15 billion) into the fully-owned subsidiary, which will, in turn, invest that amount in Reliance Jio Infocomm Ltd, the conglomerate’s telecommunications venture.

Adani Group on Tuesday said it is partnering with San Francisco-based Digital Realty to develop and operate data centre infrastructure across India.

Under the agreement between Adani Enterprises and Digital Realty, the two parties will "jointly evaluate developing and operating data centres, data centre parks and cultivating undersea cable provider communities of interest across India," a statement said.

Indian budget airline IndiGo is close to placing a near-record order for over 300 Airbus A320neo-family jets worth at least $33 billion at notional catalogue prices to cement its position as India's largest carrier by market share.

People familiar with the matter told Reuters that IndiGo, part of InterGlobe Aviation, was putting the finishing touches to an order that would include Airbus's newest jet, a long-range version of the single-aisle A320 type called A321XLR.

Apple Inc on Monday launched Apple AirPods Pro, an upgraded version of its premium wireless earphones with noise cancellation feature.

Priced at $249, the earphones will start shipping on Oct. 30, Apple said, adding that the new AirPods are also sweat and water resistant.

Ride-hailing major Ola is in advanced talks with tech giant Microsoft to raise about $150-200 million (about Rs 1,050-1,400 crore) in funding, according to sources.

The discussions are at an advanced stage and likely to be closed in the next 10-15 days, the sources privy to the development said.

US voters of Indian-origin and other Asian countries' descent have thrown their weight behind Democratic presidential aspirant Joe Biden in the race to the 2020 nominations.

Supporting Biden, Indian-Americans and members of other Asian-American and Pacific Islanders (AAPI) community on October 26 launched "AAPIs for Biden" in Las Vegas.

Shares of Tata Motors jumped as much as 15 per cent in the morning deals on Tuesday on better-than-expected Q2 results. The auto major had settled over 16 per cent higher during the one-hour Muhurat Trading session on Sunday, that marked the beginning of new Samvat year - 2076. In two trading sessions, the stock has jumped 34 per cent.

Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.

Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade.

Mumbai: Tata Motors shares soared 18% to ₹150 in Sunday’s Diwali ‘Muhurat’ trade. The jump in the stock was in response to the company’s strong September quarter (Q2FY20) performance, as a result of which, US-listed shares of the Indian carmaker had surged 13.2% on Friday.

Two factors inspire confidence that prospects of the global auto company may be improving.

The Department for Promotion of Industry and Internal Trade (DPIIT) and the civil aviation ministry are looking at the possibility of relaxing foreign direct investment norms to attract bidders for national carrier Air India, an official said. The government for long has been trying to sell debt-ridden Air India but could not attract bidders. It has now again decided to call bids for sale next month.

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