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Idea, Vodafone pay Rs 7,249 cr under protest to DoT for merger

Idea, Vodafone pay Rs 7,249 cr under protest to DoT for merger

Inching closer to the formation of country’s biggest telecom operator, Idea Cellular and Vodafone have made joint payment of Rs 7,248.78 crore under protest to the Department of Telecom for merging their mobile business. “Idea Cellular and Vodafone have made payment under protest as demanded by the DoT for the merger. Rs 3,926.34 crore have been paid in cash and bank guarantee of Rs 3,322.44 crore have been furnished,” an Idea Cellular official confirmed the development.

Sensex opens 100 points higher after GST Council cuts rates

Sensex opens 100 points higher after GST Council cuts rates

Mumbai: The benchmark BSE Sensex advanced over 100 points in early trade on Monday led by gains in FMCG stocks after the GST Council on Saturday cut rates on over 100 items, amid fresh capital inflows by foreign funds and strengthening rupee.

The 30-share index was trading higher by 114.10 points, or 0.31 per cent, at 36,610.47. All the sectoral indices, led by FMCG, consumer durables and power stocks were trading in the positive zone, rising up to 1.21 per cent.

Why Reliance Jio, Amazon are two sides of the same coin

Why Reliance Jio, Amazon are two sides of the same coin

In January, Amazon, along with JPMorgan Chase and Berkshire Hathaway, announced a new healthcare company. The three companies merely said it would provide high-quality healthcare for their employees and families at a reasonable cost.

But healthcare investors got nervous at the prospect, selling off shares of established players like UnitedHealth and Anthem.

With car-sized probe, NASA set to launch first mission to touch the Sun

With car-sized probe, NASA set to launch first mission to touch the Sun

NASA is on schedule to launch mankind's first mission to the Sun - a car sized probe that will swoop to within 4 million miles of the solar surface, facing heat and radiation like no spacecraft before.

The Parker Solar Probe, which is expected to take off no earlier than August 6 aboard United Launch Alliance Delta IV Heavy, will study the Sun closer than any human-made object ever has.

Air India apologises for denying Indian table tennis team to board flight

Air India apologises for denying Indian table tennis team to board flight

Terming the incident unfortunate, the national carrier Air India has tendered an apology to the Indian table tennis team, who were denied boarding on the Delhi-Melbourne flight on Sunday.

In a statement, an Air India spokesperson said, "This was a very unfortunate incident, we apologise to the players and we are arranging next available flights."

BSNL sold 4,000 satellite phones in last year; aims to sell 10,000 handsets by March 2019

BSNL sold 4,000 satellite phones in last year; aims to sell 10,000 handsets by March 2019

A year since the high-profile launch of its satellite phone services, BSNL has sold 4,000 handsets, majority to government agencies, and expects the number to reach 10,000 by March 2019 riding on fresh demand from corporates and states for the premium service, its Chairman Anupam Shrivastava said.

SBI, PNB and other PSBs alert: Branches likely to be closed in these areas

SBI, PNB and other PSBs alert: Branches likely to be closed in these areas

Public Sector Banks (PSBs), including State Bank of India, Punjab National Bank, Indian Overseas Bank, IDBI Bank and Bank of India, are likely to shut one-third of their overseas branches. With an aim to tone down the cost and preserve capital, the Public Sector Banks have decided to close 70 of their 216 foreign branches, according to Indian Express report.

Bajaj and Honda neck and neck for No. 2 slot

Bajaj and Honda neck and neck for No. 2 slot

The race for the No. 2 motorcycle manufacturer in the domestic market is almost mirroring a see-saw battle between Bajaj Auto and Honda Motorcycle and Scooter India (HMSI) since the beginning of FY18 and the battle continues on the same lines in the current fiscal also. The country’s annual 20-million-unit-strong motorcycle market has three major players — Hero MotoCorp with a market share of 51.5%, followed by Bajaj Auto at 15.6% and HMSI at 15.5%.

Green panel rejects Bharat Coking Coal’s proposal to amend environment clearance

Green panel rejects Bharat Coking Coal’s proposal to amend environment clearance

The government’s green panel has disapproved amendments to the environment clearance sought by Bharat Coking Coal for its Jharia Coalfields in Jharkhand due to the absence of forest clearance, as per the official document. The company’s proposal was to amend the existing environment clearance given for the cluster XI group of mines that has a peak production capacity of 6.6 million tonnes per annum (MTPA) and Moonidih water capacity of 1.6 MTPA.

Customise your car: Tata Motors to let buyers configure their Harrier SUVs

Customise your car: Tata Motors to let buyers configure their Harrier SUVs

Tata Motors will soon shift gears to “Do it Yourself” (DIY) mode as a business strategy with the launch of Harrier, a five-seater sports utility vehicle.

As part of the plan, a digital configurator comprising a three-dimensional graphics-based front-end application (app) will allow customers to choose the power train, brakes, suspension types

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