The Indian Railway Catering and Tourism Corporation (IRCTC) has launched its own payment aggregator system, IRCTC iPay, a step which will help promote government's Digital India initiative.

A statement from the railways' catering and ticketing arm said the exclusive digital payment gateway will provide an improved online digital payment convenience and ease of doing business to passengers availing online travel related services through the IRCTC website.

State-owned HPCL has bagged the rights to supply piped natural gas to households and CNG to automobiles in four cities in Bengal in the 10th round of city gas bids.

IOC won most of the cities in Bihar and Jharkhand, while Bharat Gas won one city in Jharkhand and Gail Gas two in the state.

Though ONGC is digging appraisal wells at the Deen Dayal West (DDW) field it acquired from Gujarat State Petroleum Corporation (GSPC), it is still to submit the field development plan (FDP) and has sought time till December 2019 from the empowered committee of secretaries (ECS). ONGC was initially supposed to submit the FDP by February 2018.

According to a source, while the ECS will allow the time to ONGC, given huge investments are involved, it will have to pay a penalty. ECS comprises secretaries of finance, petroleum and law.

Bank of Baroda (BoB) has put on sale non-performing assets (NPAs) worth nearly Rs 6,000 crore, including its Rs 1,838-crore exposure to Reliance Communications (RCom). The accounts are being offered on an all-cash basis.

A notification inviting expressions of interest (EoIs) from asset reconstruction companies (ARCs) for 49 bad-loan accounts worth Rs 5,928 crore said the EoIs, with indicative prices, must be filed by March 7.

Indian High Commission in Pakistan, last evening, gave a demarche to Pakistan Ministry of Foreign Affairs for the immediate and safe return of the Indian Air Force pilot captured after air combat on Wednesday.

According to sources, the Indian High Commission gave a demarche to not only the Pakistan Foreign Affair Ministry but also to Pakistan's acting High Commissioner in New Delhi for the release and return of the Wing Commander.

It is not just Punjab National Bank (PNB) that was a victim of fraud. Fugitive businessman Mehul Choksi and an international web of co-conspirators used his US company Samuels Jewelers and a series of puppet vendors, including a psychologist, to fraudulently induce Samuels's primary lenders.

Cracking its whip on brokers, markets regulator the Securities and Exchange Board of India (Sebi) on Wednesday declared Phillip Commodities India (formerly MF Global SIFY Securities India Ltd) “not fit and proper” in the Rs 5,600 crore National Spot Exchange (NSEL) payment default case.

Phillip Commodities India is the fifth broker that Sebi has declared “not fit and proper”.

There’s a wrinkle in plans made by Asia’s richest man to take on Amazon.com Inc and Walmart Inc on his home turf in India: his telecom and retail businesses can’t share data.

Billionaire Mukesh Ambani, chairman of Reliance Industries Ltd., has outlined how he will marry the might of his group’s 9,900-plus retail stores and 280-million strong telecom user base to bolster his e-commerce venture.

Solar energy installations in the calendar year 2018 dropped 15.5 per cent to 8,263 megawatt (MW) due to a safeguard duty regime, GST and land and transmission issues, says Mercom India's new research.

In 2018, investments in the Indian solar sector totalled over $9.84 billion, 15 per cent lower compared to the previous year. Rooftop solar, however, had an impressive year growing by 66 per cent on year-over-year.

With a networth of $54 billion, Reliance Industries Chairman Mukesh Ambani has broken into the global top 10 richest billionaire list complied by Hurun Research.

"The only Asian in the Top 10, Ambani's wealth is based on telecom, retail and energy, and bucked the poor stock market trend in India last year," Hurun Research said in a statement.

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