New Delhi: The Telecom Regulatory Authority of India (Trai) has decided to reduce the scope of consultation for the proposed regulatory framework for over-the-top (OTT) communication platforms such as WhatsApp and Skype.

Telecom operators, who once cried foul over the regulatory imbalance, are now seeing rising data consumption on their networks because of such apps, according to the regulator.

The First Class Judicial Magistrate of Dharmabad of Nanded district in Maharashtra has issued Non-Bailable Warrants (NBWs) of arrest against Andhra Pradesh Chief Minister N. Chandrababu Naidu and fifteen others in a case relating to 2010.

The NBWs, it is learnt, were issued against Mr. Naidu and others for allegedly defying prohibitory orders and leading a protest against construction of Babli project by Maharashtra in July 2010.

The BSE benchmark Sensex reclaimed the 38,000-mark by surging over 300 points in opening trade Friday on heavy buying by domestic institutional investors as the industrial production grew at 6.6 per cent in July and retail inflation cooled to a 10-month low.

The 30-share barometer pushed higher by 318.85 points, or 0.85 per cent, to 38,036.81. The gauge had risen 304.83 points in the previous session on Wednesday.

In a bid to entice customers this lean season, state-run carrier Air India has come out with a latest offer under which customers can grab a 15% discount on international flight tickets. According to Air India’s website, customers can get a 15% discount on flights to to Bangkok, Hong Kong and Singapore. Under the promotional sale, the travel period should be before October 27, 2018.

The Serious Fraud Investigation Office investigating companies linked to Nirav Modi has found that the three partnership firms controlled by him — Diamonds R US, Stellar Diamond and Solar Exports — had got issued unauthorisedly over 150 letters of undertaking (LoUs) aggregating to more than Rs 6,498 crore from the Brady House branch of Punjab National Bank, sources said.

Amazon founder Jeff Bezos, the richest person on the planet, said Thursday he was creating a philanthropic fund to help homeless families and launch preschools in low-income communities, committing an initial USD 2 billion to the cause. Bezos made the announcement on Twitter a year after asking for ideas on how he could use his personal fortune — now estimated at more than USD 160 billion — for charitable efforts.

Four days before Vijay Mallya left India, State Bank of India did not act on legal advice it had received to approach the Supreme Court seeking an order restraining Mallya’s overseas travel. However, SBI denied this claim and said that there 'was no laxity' on its part, the Indian Express reported Friday.

The Supreme Court on Friday will deliver a verdict on petitions filed regarding immediate arrest of an individual booked under Section 498A i.e. the dowry harassment case.

A bench headed by Chief Justice of India (CJI) Dipak Misra, Justice AM Khanwilkar, and Justice DY Chandrachud will hear the verdict at 10.30 am today.

Burdened with steep tariffs on power from NTPC plants located outside Odisha, the state government has appealed to the Union Power Ministry to swap it with power sourced from the central power utility's plants located inside the state. The power swapping could help the state save up to Rs 5 billion each year for the next 25 years.

Shares of pharmaceutical companies were in focus with the Nifty Pharma index rising over 2 per cent to 10,623.60 levels in the intra-day deals after Sun Pharmaceutical Industries (Sun Pharma) and Lupin USFDA approval for their respective medicines.

Sun Pharma rose over 3 per cent to an intra-day high of Rs 670.90 on the National Stock Exchange (NSE) after the drug maker announced USFDA approval of XELPROS to treat open-angle Glaucoma or Ocular Hypertension.

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