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Idea launches Rs 499 prepaid recharge plan to counter Jio Rs 498 plan

Idea launches Rs 499 prepaid recharge plan to counter Jio Rs 498 plan

Idea has introduced a new prepaid recharge pack worth Rs 499 for its customers to up the game against the incumbents such as Jio, Airtel, Vodafone, and BSNL. The new Idea Rs 499 prepaid recharge offers the customers calling and data benefits for a validity of 82 days. The company has made this recharge pack available under the Unlimited Recharge line of tariffs across many circles.

Reliance Industries unit invests Rs10 crore in KareXpert Technologies

Reliance Industries unit invests Rs10 crore in KareXpert Technologies

Mumbai: Reliance Industries Ltd (RIL) has made an investment of Rs10 crore in KareXpert Technologies Pvt. Ltd, an early-stage digital healthcare technology platform, two people aware of the matter said.

The investment was made by RIL’s subsidiary and investment arm, Reliance Industrial Investments and Holdings Ltd (RIIHL).

Lack of vendor capacity seen as hurdle for Maruti Suzuki’s future growth

Lack of vendor capacity seen as hurdle for Maruti Suzuki’s future growth

New Delhi: Maruti Suzuki India Ltd’s vendors need to collectively invest Rs1.5-2 trillion in the decade starting 2020, to keep pace with investments the carmaker’s parent company, Suzuki Motor Corp., would make in India.

investments would be geared towards achieving its target of selling five million cars in the country by 2030.

India needs 100,000 telecom towers to cater to the rising data demand

India needs 100,000 telecom towers to cater to the rising data demand

Despite a consolidation in the telecom sector, India needs around 100,000 additional towers to take care of the growing data and voice requirements. The country currently has about 461,000 mobile towers for a customer base of 1.18 billion.

The world's second-largest telecom market is undergoing consolidation with operators either merging with larger players or closing operations altogether.

HPCL Q4 PROFIT DIPS 4% ON LOWER REFINING MARGIN

HPCL Q4 PROFIT DIPS 4% ON LOWER REFINING MARGIN

State-owned Hindustan Petroleum Corp Ltd (HPCL) on Wednesday reported 4 per cent drop in its March quarter net profit on lower refining margins and inventory gains. Net profit in the January-March quarter of the fiscal year 2017-18 at Rs 1,748 crore compared with a net profit of Rs 1,819 crore in the year-ago period, HPCL Chairman and Managing Director Mukesh K Surana told reporters here. “The profit decline was because of lower inventory gains compared to the previous quarter,” he said.

HDFC Bank offers instant loans against mutual funds

HDFC Bank offers instant loans against mutual funds

MUMBAI: In a move that will enable its customers with mutual fund investments to get instant credit, HDFC Bank has tied up with CAMS (Computer Age Management Services) — a registrar and transfer agent — to provide automated loans against units. Arvind Kapil, head of unsecured loans and home loans at HDFC Bank, said that he expected rapid growth as the bank has automated the loan process which could be availed by account holders through desktop or mobile banking.

Digital India: India to have 700 digital villages by the year-end

Digital India: India to have 700 digital villages by the year-end

The network of Common Service Centres (CSCs), which act as access points for delivery of various electronic services to villages in India, are set to be expanded to 2.50 lakh gram panchayats by the year end. According to minister for electronics and information technology Ravi Shankar Prasad, the CSC movement has transformed into a movement of change bringing services such as banking, pension distribution, digital literacy and telemedicine to rural and remote villages through electronic infrastructure.

Whistleblower approaches Sebi on Panaya acquisition

Whistleblower approaches Sebi on Panaya acquisition

A whistleblower has approached market regulator Securities and Exchange Board of India (Sebi) urging it to direct Infosys to release the investigation report relating to Panaya acquisition to the shareholders.

In the letter, the whistleblower has also questioned the mutual release of claims with former chairman R Seshasayee and Jeff Lehman, the earlier head of nominations and remunerations committee of the board.

As petrol, diesel prices hit fresh record high, government looks at ONGC to share burden

As petrol, diesel prices hit fresh record high, government looks at ONGC to share burden

As petrol and diesel prices continue to breach record highs in quick succession, to touch a new peak on Thursday, the government is reportedly looking at ONGC to share the burden. Notably, petrol prices on Thursday, were hiked by 26 paise to Rs 85.29 per litre in Mumbai, while in Delhi, petrol was retailing at at Rs 77.47 per litre on Thursday. Notably, this is the 11th straight hike in a row.

Sensex recoups 153 points on global cues

Sensex recoups 153 points on global cues

The BSE Sensex rebounded about 153 points in opening trade today on fresh buying in IT, teck, capital goods and healthcare counters amid mixed overseas cues.Buying by domestic institutional investors and strengthening rupee also supported the recovery, brokers said.

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