With promoters wanting to get back Essar Steel, lawyers expect the insolvency case to drag on. Lenders could outright reject the promoters’ offer even if they want to pay the entire debt, since lawyers say such an offer is invalid.

“Withdrawal of this application is not permissible as the company has come forth for payment after the due process. Expression of interest to the selection of bidder and voting has been completed.

The Department of Telecommunications (DoT), in accordance with a Supreme Court order, will soon come up with a notification asking telecom operators to stop biometric authentication on the basis of the Aadhaar.

According to sources, the notification will be out in a couple of days.

Shares of YES Bank has rebound 11% from its early morning low, but still down 5% at Rs 188 at 10:17 am; on Friday after the private sector lender reported a lower than expected net profit on higher provisioning for bad loans and mark-to-market (MTM) losses in the September quarter (Q2FY19).

The stock slipped 15% to Rs 169 in early morning trade, close to its 52-week low of Rs 166 touched on September 28, 2018, on the BSE in intra-day trade.

President Donald Trump on Thursday denied that China and Russia have tapped his personal cellphone, a report made public by The New York Times, which said that the president continues to use that device despite warnings from the intelligence services.

"The New York Times has a new Fake Story that now the Russians and Chinese (glad they finally added China) are listening to all of my calls on cellphones," said Trump on his official Twitter account.

North and South Korea held military talks on their border on Friday to discuss implementing a broad-reaching military agreement last month to reduce tensions.

South Korean Major Gen Kim Do-Gyun before the meeting at Panmunjom said the discussions will include establishing a joint military committee that's meant to maintain communication and avoid crises and accidental clashes.

New Delhi: E-commerce major Amazon India today announced that it is piloting a new delivery service for smartphones in Delhi NCR region. Under the ‘Faster than Same Day’ delivery service available on select best-selling smartphones, Amazon said it will provide delivery within 3-5 hours.

India Mobile Congress 2018: Reliance Industries’ Chairman Mukesh Ambani on Thursday showed confidence in India’s data-led growth and said digital revolution would help realise four ambitious goals of Prime Minister Narendra Modi, namely – doubling farmers’ income, Ayushman Bharat Scheme, quality education and employment generation. “With world-class digital infrastructure in place… India is now ready to not only embrace… but actually lead the Fourth Industrial Revolution.

New Delhi: Vodafone Idea Chairman Kumar Mangalam Birla said that India's largest telco's current focus is to merge the networks of Vodafone and Idea in the country, and refarm spectrum to enhance 4G LTE and VoLTE service in the country.

"A lot needs to be done.... we are working on upgrading and consolidating the infrastructure to deliver better services for masses," he said during his keynote speech at the India Mobile Congress 2018.

Shares of L&T Finance Holdings (LTFH) have slumped as much as 13% to Rs 111 per share, also their 52-week low on the BSE in early morning trade, despite the company reporting a strong 66% year-on-year (Y-o-Y) growth in its consolidated net profit of Rs 5.60 billion in September quarter (Q2FY19). Net interest income (interest income minus interest expense) grew 54% to Rs 11.26 billion over the previous year quarter.

Private sector lender Kotak Mahindra Bank on Wednesday reported a rise of 21.3 per cent in its consolidated net profit to Rs 1,747.37 crore in the second quarter ended September this fiscal. The bank had posted Rs 1,440.68 crore net profit in the July-September period of 2017-18.

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