Mukesh Ambani is ready with his triple play of carriage, content and commerce.

The richest Indian has already signed up 215 million customers in 22 months for his 4G mobile network. By upending the telecom industry’s profitability with free voice calls and cheap data, he’s forced many of his smaller rivals, including his younger brother Anil Ambani, into backing off.

Larsen & Toubro (L&T) on Monday said its construction arm has won orders worth Rs 12.96 billion across business segments in the domestic market.

L&T said its metallurgical and material handling business has received orders worth Rs 8.08 billion.

Shares of State Bank of India (SBI) hit a six-month high of Rs 307, up 3% on the BSE on Monday, extending its Friday’s 1.6% gain after the public sector lender and Reliance Jio tied up to provide a platform offering digital banking, commerce, and financial services to customers.

Reliance Communications Ltd (RCom) said on Monday it had received approval from the Supreme Court to proceed with the sale of its wireless assets to Reliance Jio after it agreed to pay 5.5 billion rupees (USD 80.06 million) to settle dues with Swedish telecom gearmaker Ericsson.

New Delhi: Oil and Natural Gas Corp's (ONGC) highest ever pre-tax quarterly profit (EBITDA) provides cash flow to the state-owned firm to reduce borrowings, Moody's Investors Service said on Monday.

For the April-June quarter of the current fiscal, ONGC reported 47.2 per cent increase in EBITDA or operating profit to Rs 14,240 crore.

Indian Oil Corp, the nation's largest oil firm, plans to invest Rs 1.75 lakh crore to nearly double refinery boost petrochemical production, expand gas business and lay new pipelines to become a vertically integrated company, its Chairman Sanjiv Singh said.

It plans to raise capacity to turn crude oil into fuels like petrol and diesel to 150 million tonnes per annum by 2030 from the current 80.7 million tonnes.

Prime Minister Narendra Modi on August 21 will launch long-awaited India Post Payments Bank (IPPB) that will have at least one branch in every district and focus on financial services in rural areas, a senior official said.

“The Prime Minister has given time on August 21 to launch IPPB. Two branches of the bank are already operational. Rest of the 648 branches will be launched across country in every district,” a senior official of the communications ministry said.

Amid a disquiet in the industry over new unsolicited commercial communication norms, TRAI has asserted that it operated within its mandate to tighten rules for curbing pesky calls and messages, a menace which goes beyond harassment into the realm of defrauding customers.

New Delhi: Suzuki Motor Corp. is likely to supply as many as 25,000 Maruti Suzuki Baleno premium hatchbacks each year to Toyota Motor Corp. as the car gets set to become the first cross-badged product of the auto makers, said two people with direct knowledge of the matter. Toyota will start hawking the Baleno through its own dealership network from the first quarter of next fiscal year, the people who didn’t want to be named said.

Extending Friday’s rally, the benchmark BSE Sensex jumped over 200 points to record a new high of 37,790.72 in early trade, and NSE Nifty breached the 11,400 mark today on widespread buying by consumer durables, PSU and banking counters amid firm Asian cues.

The Sensex spurted by 234.56 points, or 0.62 per cent, to hit a new high of 37,790.72, surpassing its previous record of 37,711.87 clocked on August 1.

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