Reliance Industries' Chairman Mukesh Ambani has emerged as the richest Indian for the 11th consecutive year with a net worth of USD 47.3 billion, according to Forbes magazine.

Ambani is also the year's biggest gainer, adding USD 9.3 billion to his wealth amid the continuing success of his Reliance Jio broadband telco service.

New Delhi: The Supreme Court on Thursday allowed ArcelorMittal and Numetal to submit revised resolution plans subject to clearance of outstanding dues within two weeks.

The two companies are required to submit their resolution plans eight weeks thereafter.

The BSE benchmark Sensex cracked over 500 points in early session on Thursday as rupee hit another low amid weak global cues and fears of widening current account of deficit.

The international benchmark Brent crude breached the US 86 per barrel level, nearing its four-year high.

Several US groups advocating public and children’s health have urged the federal trade regulators to take action against social media giant Facebook for allegedly violating children’s privacy law.

The 18-member group led by the Campaign for a Commercial-Free Childhood (CCFC) on Wednesday said the groups have filed a complaint asserting that Facebook’s Messenger Kids, a controversial messaging application for children as young as five

Mortgage lender HDFC Ltd Wednesday said it earned Rs 787 crore from selling stake in the initial public offer (IPO) of HDFC Asset Management Company Ltd. During the September quarter, the proceeds from the stake sale in the IPO of HDFC Asset Management Company after “net of expenses and tax stood at Rs 787 crore”, it said in a filing to the stock exchanges.

Internet in India has changed drastically over the last two years. The data wars that have ensued have made prices of mobile broadband plummet, allowing easier and affordable access for many. India’s internet population is around 450 million users, and over 390 million of these are active users. But, according to search giant Google, what’s driving online consumption is the growth of regional languages on the Internet and increasing video consumption.

IT services major Infosys has announced the launch of Infosys Wingspan, its next-gen learning solution to help organisations accelerate their talent transformation journey. Based on open source technologies, the cloud-first and mobile-first solution is designed to provide a seamless interactive learning experience accessible anytime, anywhere and on any device. Infosys Wingspan provides best-in-class curated content from multiple sources that learners can access to enrich their knowledge.

Amazon Pay India, the online payment business of e-commerce giant Amazon, has received fresh funding of Rs 590 crore, according to the Registrar of Companies (RoC) documents, which was sourced by FE from business intelligence platform Paper.vc. Fresh funds have been infused by US-based parent Amazon.com and Singapore-based Amazon Corporate Holdings. Prior to this in July, the e-tailer had infused Rs 230 crore in the payments business.

Reliance Communications (RCom) said the Telecom Disputes Settlement Appellate Tribunal (TDSAT) had allowed it to complete its spectrum sale deal without having to pay a bank guarantee of Rs 29 billion. The guarantee had been demanded by the department of telecommunications (DoT).

The Anil Ambani-owned company said it would get Rs 9.75 billion from sale of spectrum, of which it was to give Rs5.5 billion to Ericsson.

A special court has imposed a fine of Rs 200,000 on a director of Adhunik Corporation Ltd, accused in a coal scam case, for violating bail conditions by going abroad without its prior permission.

However, Special CBI Judge Bharat Parashar did not cancel the bail after the accused — Mahesh Kumar Agarwal — tendered "unconditional apology" with an undertaking that no such occasion will arise in future, and the Judge directed him to deposit the fine amount in 'Kerala Chief Minister's Distress Relief Fund'.

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