Despite fiscal constraints, the Centre is likely to provide Rs 12,200 crore from the Budget — half of it this fiscal and the balance in the next year — to retire 40% of the Rs 30,000-crore working capital debt of Air India. As a precursor to this, the debt — not backed by assets — will be shifted to a special purpose vehicle (SPV).

Ericsson has been selected by Volvo Car Group to provide the industrialised Ericsson Connected Vehicle Cloud (CVC) platform to further enable its digital vehicle services in more than 120 markets worldwide for the next five years. Volvo Cars, like other major players in the automotive industry, is increasing focus on securing high-quality connected-vehicle services as digitalisation increases the importance of software services.

The Indian government should allocate funds and incentivise local technology and telecom firms to develop their internal capacities which would in turn help 5G technology succeed in the country, said a report by the Cuts International on Friday. The report further said that industry and the government should think of collectively investing in Research and Development (R&D) to help the local companies become globally competitive.

Vodafone’s $21.8 billion proposed acquisition of Liberty Global's assets in Germany and eastern Europe is likely to face a full EU antitrust investigation, a person familiar with the matter said.

The European Commission's move could ratchet up pressure on the world's second-largest mobile operator to offer concessions, unless it can convince the EU competition enforcer that the deal poses no competition issues.

The prices of key transport fuels -- petrol and diesel -- witnessed another decline on Saturday thanks to lower global crude oil prices.

Petrol price decreased by over 30 paise across major cities while diesel too continued the downward trend.

The Securities and Exchange Board of India (Sebi) has initiated an inquiry into the affairs of pharma major Sun Pharmaceutical Industries on the basis of a whistle-blower complaint, said regulatory sources.

The sources said the market regulator was in receipt of a 150-page letter in which the whistle-blower accused the company of committing corporate governance and tax-related lapses, besides other securities market-related violations.

The Trump administration on Friday proposed major changes to the H1-B application process with the aim of awarding the visa to the most skilled and highest paid foreign workers.

Under a new proposed merit-based rule, a notice for which was issued Friday, companies employing foreign workers on the H1-B visa under the Congressional mandated annual caps -- would have to electronically register with the US Citizenship and Immigration Services (USCIS) during a designated registration period.

Hyundai Motor India Ltd (HMIL) Managing Director & CEO Y K Koo has stepped down from his post. He is moving back to the automaker's head office in Korea. Koo will be replaced by Seon Seob Kim, head of the business operations division.

While HMIL officials were not available for comment immediately, Hyundai's global announcement stated that Kim would become the head of Hyundai Motor India headquarters.

Clearing the deck for sale of Reliance Communications Ltd's spectrum to Reliance Jio Infocomm Ltd, the Supreme Court on Friday asked Reliance Communications to furnish a corporate guarantee of Rs 14 billion within two days to get the No Objection Certificate (NOC) from the government.

Bajaj Auto on Thursday introduced the all new Pulsar 150 Neon collection. The all new Pulsar 150 Neon 2019 collection comes with a young and peppy styling along with the sporty appeal and is for customers looking at a bike with size and performance above the 100/110 cc offerings. The new Pulsar 150 Neon is made available at an exciting introductory price of Rs 64,998/- ex showroom Delhi and is available across all Bajaj Auto dealerships in India.

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