Mukesh Ambani’s telecom company Reliance Jio is the second most popular brand in India but is beaten by the globally used search engine Google, a recent survey says. In the previous year’s survey, Mukesh Ambani’s Reliance Jio stood at 3rd position and was left behind by both Larry Page and Sergey Brin founded Google and Jeff Bezos’ Amazon. Also, Bharti Airtel, one of the chief competitors of Reliance Jio in India, stood at eighth position.

Infrastructure major Larsen and Toubro on Friday announced an open offer for 51.3 million shares or 31 per cent stake of mid-tier IT company Mindtree at Rs 980 per share, according to a regulatory filing.

L&T will have to shell out Rs 5,029.8 crore for the planned open offer for the Bengaluru-based company.

Bengaluru-based private aerospace firm Team Indus is part of a consortium that has bagged a contract from US space agency NASA to design and build a lander for its next lunar mission in 2020.

A lander is a spacecraft that lands on an astronomical body.

Sebi has issued showcause notices to five Asset Management Companies (AMCs) for alleged breach of insider trading regulations.

SBI Fund Management, ING Mutual Fund (now Birla Sunlife) and BNP Paribas are among these. They are all charged with use of of price-sensitive information for trading in the scrip of Manappuram Finance (MFL) in March 2013.

NEW DELHI: Two officials of the Life Insurance Corporation of India have been booked by the CBI for allegedly swindling more than ₹3 crore by making death claims on the basis of forged documents in 190 insurance policies in which they inserted bank accounts of their acquaintances in place of nominees, officials said.

The ED is set to expand its probe in the ICICI Bank-Videocon money laundering case and may soon question some officials of the bank, besides grilling its former CEO Chanda Kochhar again, officials said Thursday.

The Enforcement Directorate (ED) had last month questioned and recorded the statements of Chanda Kochhar and her husband Deepak Kochhar over multiple sessions.

Domestic equity benchmark BSE Sensex fell over 200 points in early trade on Friday led by losses in financial stocks amid concerns over the state of the NBFC sector.

The 30-share index was trading 211.04 points, or 0.53 per cent, lower at 39,318.68, and the broader Nifty slipped 34.25 points, or 0.29 per cent, to 11,809.50.

Amazon.com Inc. Chief Executive Officer Jeff Bezos was interrupted by an animal-rights activist who rushed onto the stage where he was being interviewed during a conference in Las Vegas.

A woman raising concerns about conditions inside an Amazon chicken supplier ran on just as Bezos was being interviewed by Jenny Freshwater, who runs forecasting and capacity planning at Amazon.

Many of the existing non-banking finance companies and microfinance institutions (MFIs) can hope to become small finance banks (SFBs) with Reserve Bank of India (RBI) keen to hand out more licences.

RBI said it is considering on-tap licensing for SFBs to expand the financing activity in the priority sector. The regulator said it would review the performance of the payment banks before the licences on this category are put on tap.

It’s the end of a long era at Wipro as Azim Premji, chairman of the software major, calls it a day, handing over charge to his elder son, Rishad, after leading the company for more than 50 years. The Bengaluru-headquartered company on Thursday announced Premji, 75, will step down as executive chairman on July 30.

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