Notwithstanding the delay in the allotment of 4G spectrum, state-run telecom player BSNL has readied an investment plan of Rs 10,000 crore for the deployment of 4G network.

It has already started offering 4G VoLTE services through its 3G spectrum with new base transceiver stations (BTSs) in all circles where it already offers 3G services.

State Bank of India (SBI), the country’s largest lender, plans to raise up to Rs 5,000 crore in debt to shore up capital adequacy and support business growth.

The bank will issue Basel III compliant tier-II bonds to raise debt capital.

YES Bank, Asia’s worst-performing bank stock this quarter, plans to raise $1.2 billion over 18 months to bolster its capital buffer through a mix of public and private share sales, Chief Executive Officer (CEO) Ravneet Gill said.

Gill took over in March pledging to improve transparency after his predecessor, founder Rana Kapoor, was forced out by the Indian central bank for inadequate disclosure of stressed loans.

Chinese lenders, including China Development Bank, Industrial and Commercial Bank of China and Exim Bank of China, have demanded at least $2.1 billion from Anil Ambani’s Reliance Communications, that slid into bankruptcy earlier this year.

State-owned China Development Bank, with loans worth Rs 9,860 crore ($1.4 billion) was the biggest creditor to the indebted telecom company, according to a filing made by the company to stock exchanges.

Airbus SE cleaned up on the first day of the 2019 Paris Air Show, locking in $13 billion in orders for new jets to zero for Boeing Co., and introducing a long-range narrow-body meant to deflate enthusiasm for its U.S. rival's potential new midsize jet.

The Monday haul for Airbus featured major orders from Air Lease Corp., the influential U.S. leasing company, which agreed to buy planes worth $11 billion before customary discounts, including the new A321XLR.

New Delhi: Tata Motors on Monday launched automated manual transmission (AMT) versions of its compact sedan Tigor with price starting at Rs 6.39 lakh (ex-showroom Delhi).

The company has introduced two variants under its Tigor AMT range - XMA and XZA+, priced at Rs 6.39 lakh and Rs 7.24 lakh, respectively, Tata Motors said in a statement.

London: Facebook is set on Tuesday to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of governments and financial giants.

The world's biggest social network is expected to outline details of a virtual currency launching next year that it hopes will avoid the rollercoaster volatility of "blockchain" technologies such as bitcoin.

New Delhi: E-commerce giant Amazon India is the most attractive employer brand in the country followed by Microsoft India and Sony India, says a survey.

According to the Randstad Employer Brand Research (REBR) 2019, released Monday, Amazon scored high on financial health, utilisation of latest technologies and a strong reputation.

In two successive offers, Reliance Capital has sold 10.75 per cent of its shareholding in RNAM, aggregating over Rs 1,450 crore and has achieved the minimum public shareholding of 25 per cent in RNAM by reducing the promoter stake, the company said in a statement.

Reliance Capital Monday said it has sold 10.75 per cent in Reliance Nippon Life Asset Management Ltd (RNAM) for over Rs 1,450 crore.

Private sector lender ICICI Bank Monday approached the National Company Law Appellate Tribunal (NCLAT), seeking a direction to NCLT, Allahabad to expedite the hearing on its insolvency petition against Jaypee group firm Jaiprakash Associates Ltd (JAL). In September 2018, ICICI Bank had filed a petition before the Allahabad bench of National Company Law Tribunal (NCLT) seeking to start insolvency proceedings of JAL, which is into infrastructure and real estate.

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