Apple and Samsung, the flagbearers of innovation in the consumer technology space for years, maybe losing the trust of young Indian consumers to a Chinese rival. Oppo Mobile India, the local subsidiary of China’s BBK Electronics, has emerged as the most-preferred innovative handset brand in the premium segment, as per an independent study conducted by the analyst firm CyberMedia Research (CMR).

Microsoft Corp. will begin selling a subscription service for personal computer video games, two years after unveiling a similar offering for the Xbox console.

Xbox Game Pass for PC offers access to more than 100 titles on Windows 10 for a monthly fee, rather than requiring individual purchases. They include games from studios including Bethesda, which makes the “Elder Scrolls” series, and Sega, as well as studios that Microsoft has acquired.

Prime Minister Narendra Modi on Friday surprised markets by naming Nirmala Sitharaman, formerly the country’s defence minister, as the next finance minister at a time when Asia’s third-largest economy is stuttering.

Sitharaman, 59, will become the senior most woman minister in Modi’s cabinet and the second woman to head the finance department after late former prime minister Indira Gandhi.

The benchmark BSE Sensex reclaimed the 40,000 mark, rallying nearly 300 points in early trade Friday led by gains in banking and IT stocks amid positive domestic cues and strong foreign fund inflow.

After hitting a high of 40,119.81, the 30-share index was trading 271.12 points, or 0.68 per cent, higher at 40,103.09.

The National Company Law Tribunal (NCLT) has rejected the proposal of Essar Power Jharkhand to settle its dues to the lenders, led by ICICI Bank. The NCLT will take up the matter for further hearing on June 7.

ICICI Bank moved the NCLT in January 2018 to recover its dues. Essar Power Jharkhand owes creditors (operational and financial) a total of around `4,393 crore.

Vijay Shekhar Sharma founded Paytm now dominates online transactions with it having half of the share of the market among rival gateways. Driving its growth are leading brands which include Reliance Jio, Uber, Zomato, OYO, Dominoes and IRCTC, and others, as the majority of the digital transactions are done for these brands, Paytm said in a statement. Also, Paytm Payments Gateway (PG) has seen a three-fold jump in the number of transactions in the last year.

L&T Infrastructure Project Development Company (IDPL), a subsidiary of Larsen & Toubro, plans to soon add two of its road assets to the portfolio of its infrastructure investment fund (InvIT), Indinfravit Trust, a senior official with knowledge of the matter said.

“We plan to keep generating deal flow for the InvIT, as we see no shortage of money coming from international players. The plan is to make two operational highway projects a part of the Indinfravit soon.

Coal India on Thursday beat analyst estimates by reporting a whopping 362% year-on-year jump in its consolidated net profit to Rs 6,024.23 crore for the March quarter of FY19.

For the entire year, the growth in profit was 148% to Rs 17,462.18 crore as against Rs 7,038.44 crore in the last fiscal.

Senior BJP leader Arun Jaitley, who opted out of the new government at the Centre, on Thursday congratulated Narendra Modi for taking oath as Prime Minister for a second consecutive term.

In a post on Twitter, Jaitley, who was the Finance Minister in the first Modi regime, stated that India is moving steadfast on the path of progress under the leadership of Prime Minister Modi.

India’s top education platform Byju’s on Thursday announced it has achieved profitability, a first in the consumer internet start-up space.

The eight-year-old Bengaluru firm said its sales in FY19 were Rs 1,430 crore ($21 million), up 186 per cent over the last year, enough for the firm to churn out a small profit on a full-year basis. It did not reveal the bottom line. In FY18, Byju’s had Rs 500 crore turnover and a loss of Rs 37 crore.

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