Disputing CRISIL’s report that TV bills may go up for a majority of subscribers after the new regulatory framework for broadcasting and cable services kicked in from February 1, 2019, the Telecom Regulatory Authority of India (Trai) on Wednesday said that initial data from broadcasters shows that bills have gone down by 10-15% in metros and 5-10% in non-metros.

In a reprieve to ICICI Bank, the Madras high court on Wednesday ruled that it finds no ground to interfere in the order of Chennai Debts Recovery Appellate Tribunal that allowed the recovery of Rs 222-crore debt from erstwhile retail chain Subhiksha Trading Services and its guarantors including the promoter, R Subramanian.

Earth's global surface temperatures in 2018 were the fourth warmest since 1880 and the planet will warm further, especially since greenhouse gas emissions are continuing to rise, Nasa and the National Oceanic and Atmospheric Administration (NOAA) have said.

Global temperatures in 2018 were 0.83 degrees Celsius warmer than 1951 to 1980, according to scientists at Nasa's Goddard Institute for Space Studies (GISS) in New York.

In its second quarterly results after the merger, Vodafone Idea (VIL) posted a net loss of Rs 5,004 crore, which was higher than Street estimates.

The December quarter loss was higher than the previous quarter, when the firm had posted a loss of Rs 4,974 crore, primarily on account of network-expansion costs. The telco lost 35 million customers during the quarter. The average revenue per user (Arpu), however, improved.

International Finance Corporation (IFC) has proposed to invest up to $8 million in equity in Mintifi, a tech-driven distributor/dealer financing platform. The company also has an impact investment fund as an investor.

The World Bank's investment arm said that the investment would enable the company to grow and scale its business.

Mumbai: BSE benchmark Sensex jumped over 250 points and NSE Nifty breached the 11,000 mark in early trade Wednesday led by gains in IT and metal stocks amid heavy buying by domestic and foreign institutional investors.

The 30-share index was trading 255.89 points, or 0.70 per cent, higher at 36,872.70.

The Maharashtra Authority of Advance Ruling (AAR) held that a Pune-based company (a step-down arm of South Korean steelmaker Posco’s Indian arm) is not eligible to claim input credit tax (ITC) for goods and services tax (GST) paid on the hotel stay provided to its executive in lieu of residential rent-free lodging as it doesn’t amount to furtherance of business.

Amazon.com and Walmart’s plans to dominate India’s online retail landscape have been ambushed by Prime Minister Narendra Modi’s political priorities heading into a tightening election. The vote, likely to be held in or around May, has increased the influence of local retailers that lobbied for growth-crimping curbs on the US giants. On cue, India this month rolled out constraints on foreign e-commerce players, including Jeff Bezos-led Amazon and Walmart-owned Flipkart, which together control 70% of its online shopping.

Inventory losses and lower refinery margins affected finances of state-run Hindustan Petroleum Corporation (HPCL), which on Tuesday announced a 87% year-on-year (y-o-y) fall in net profit to Rs 248 crore during the December 2018 quarter. The comparable figure a year ago was Rs 1,950 crore.

The oil marketing company had made an inventory gain of Rs 1,477 crore in the December 2017 quarter against a loss of Rs 3,465 crore in the December 2018 quarter.

During the hearing of Essar Steel’s insolvency case at the Ahmedabad bench of National Company Law Tribunal (NCLT), Standard Chartered Bank (SBC) counsel argued that SBC was discriminated against and not counted as a secure financial creditor and, as result of which, the bank was getting mere `60.71 crore against `3,487 crore, which is hardly 1.7 percent of total claim.

The counsel told NCLT on Tuesday that SBC too should be treated equally with other members of committee of creditors (CoC).

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