Amazon.com's stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple as Wall Street's most valuable jewel.

After Jeff Bezos founded the online book-selling company in his garage in 1994, Amazon survived the dot-com crisis and then expanded across the retail industry, altering how consumers buy products and setting off a Darwinian struggle among brick-and-mortar stores.

As far as Indians are concerned, the mobile phone was invented so we could use WhatsApp. The messaging app’s little green icon is now an inextricable part of our lives. We might survive without Facebook, which I haven’t checked in weeks. We might turn up our noses at Instagram, which seems to consist entirely of people’s vacation photos in Lisbon. We might even undergo Twitter detox days. But when an Indian has tired of WhatsApp, she was tired of life.

Mumbai: Reliance Industries Ltd, India’s second-largest company by market value, plans to raise about Rs 40,000 crore in fresh debt this financial year as it expands its consumer businesses, according to people familiar with the matter.

The billionaire Mukesh Ambani-led company will raise funds through loans and bonds, mostly in the Indian currency, the people said asking not to be named as they are not authorized to speak to the media.

India will have to find the right balance in the ODI side and get their “act together” before the World Cup next year, said skipper Virat Kohli after his team’s 1-2 loss in the three-match series.

“These kind of games will tell us what we need to improve upon for the World Cup. We need to have a good balance in the side, and we need to get our act right before the World Cup.

Extending Tuesday’s rally, the benchmark BSE Sensex jumped over 200 points to record a new high of 36,747.87 in early trade on Wednesday amid buying by domestic institutional investors and easing global crude oil prices.

The market rally was driven by strong buying on the oil & gas, banking, PSU and realty counters and strength in the rupee.

The board of ONGC has approved exiting helicopter service provider Pawan Hans by selling its entire 49 per cent stake as it looks to cut debt and consolidate resources in core oil and gas business, officials with direct knowledge of the development said. Oil and Natural Gas Corp (ONGC) wants its interest to be clubbed with the 51 per cent government stake that is already on offer for sale, they said.

The simmering battle at the country’s sixth largest mutual fund, UTI, has erupted into a full-scale war, and the mutual fund’s proposed initial public offering (IPO) could be the first casualty with its managing director Leo Puri’s tenure also coming to an end next month, and no successor nominated.

Riding on a favourable base effect, Ashok Leyland (ALL) on Tuesday beat analysts estimates by posting a 233% year-on-year growth in its net profit at Rs 370 crore during the April-June quarter.

This is the company’s highest quarterly growth in over two years. During the period, the company’s revenue increased 47% to Rs 6,250 crore, which was below estimates.

Country’s largest IT services company Tata Consultancy Services (TCS), bouyed by its BFSI turnaround in the first quarter of FY19, has said the growth of the vertical is sustainable at least in the medium term as the banking, financial services & insurance sector has moved from compliance phase to growth trajectory, worldwide.

MUMBAI: Mercedes-Benz India is strengthening its go-to-market strategy to reach out to premium customers in tier-II and tier-III towns. The company is tapping 15 such markets — Jalgaon, Gandhinagar, Jamnagar, Valsad, Kutch, Amravati, Udupi, Bellary, Dharwad, etc, — this year to make basic service available for a luxury car buyer in these places.

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