In a temporary relief to Anil Ambani’s Reliance Communications Ltd (RCom), pertaining to its spectrum deal with Reliance Jio Infocomm, the two companies have decided to extend the validity of the agreements to June 2019. The deal is hung in the air as the Department of Telecommunications (DoT) has refused to clear the deal over non-payment of dues by RCom.

State-run telecom operator BSNL’s financial performance continues to deteriorate but it can take some solace in being able to improve its record on the customer management front.

The company has managed to reverse customer attrition over the last 3-4 years, which it says is due to competitive plans and tariffs.

Continuing its winning streak for a fourth straight session Monday, the BSE benchmark Sensex surged over 150 points as investors maintained their bullish stance in early trade on positive cues from other Asian bourses.

Strengthening rupee also supported the upward move in the domestic stock market, dealers said.

Banks have seen a significant improvement in recovery of stressed assets helped by the Insolvency and Bankruptcy Code (IBC) and amendments in the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act, during FY18, according to the RBI data.

Subscribers of the retirement fund body EPFO may get an option in the new year to invest more of their savings in the equity market, besides a host of other social security benefits and digital tools to manage their funds.

At present, the Employees' Provident Fund Organisation (EPFO) invests up to 15 per cent of its investible deposits into the exchange-traded funds (ETFs) and so far such investments total about Rs 550 billion.

On December 28, the Government of India okayed India’s first human spaceflight programme at a cost of Rs 9,023 crore. The programme will attempt to launch three Indian astronauts to low-Earth orbit for as many as seven days. If the mission – slated to happen in 2022 – succeeds, India will become only the fourth country in the world able to launch astronauts into space.

NEW DELHI: Loose packaging such as coloured and black carry bags, disposable containers with aluminium coating and sweet boxes have emerged as major contaminants of packaged food, prompting the food regulator to come up with new regulation on food packaging.

Around 80% of food samples packed in coloured carry bags, 59% in black carry bags and over 24% in aluminium coated disposable containers and 21% in sweet boxes were found chemically contaminated

In a boost to Modi government, the number of internet connections in India has surged by 65 per cent in 2018 to cross ambitious 50 crore-mark set up three years back as billionaire Mukesh Ambani’s Reliance Jio continued to take lead in boosting internet connectivity across the country through its low cost data. At the end of September 2018, there were 56 crore narrowband and broadband connections in India, according to TRAI data.

Benchmark indices surged for the third straight session on Friday on across-the-board buying by foreign funds amid a rebound in the rupee and upbeat global cues.

The BSE Sensex rallied 269.44 points or 0.75 per cent to finish at 36,076.72, while the broader NSE Nifty spurted 80.10 points, or 0.74 per cent, to 10,859.90.

New Delhi: British authorities have informed India that bank fraud fugitive Nirav Modi is living in the UK, the government has said.

Replying to a question, Minister of State for External Affairs VK Singh told Rajya Sabha that National Central Bureau of Manchester conveyed to Indian agencies that their investigations have led to the location of Nirav Modi in the UK.

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