The department of telecom (DoT) wants BSNL and MTNL to join hands on not just ramping up the latter’s 3G network in the National Capital Region (NCR) to ramp up service experience for customers, but also wants both the operators to pitch together for enterprise customers on a pan-India basis, utilising each other’s networks across the country. “Several areas of cooperation between the two have been identified under Synergy.

The Telecom Regulatory Authority of India (Trai) has asked Bharti Airtel to furnish details of all the segmented tariff plans that the operator has offered to its subscribers by March 25. In a letter to the country’s largest telecom operator on Thursday, Trai asked whether the operator has offered such segmented tariff plans to its customers and in which circles of the total 22 that Bharti operates in.

India’s largest hydrocarbon producer, Oil and Natural Gas Corporation (ONGC), has told the government it will not raise the dividend payout for 2017-18.

The reason is that it had to go for two major deals, both on government order. Of acquiring a majority stake in Hindustan Petroleum Corporation (HPCL) and Gujarat State Petroleum Corporation’s (GSPC’s) KG basin gas block.

Korean automobile major Hyundai is planning to invest around Rs 65 billion over the next three years in developing new products, including an electricsports utility vehicle (SUV). The company also plans expand its capacity by 50,000 units at its facility near Chennai through debottlenecking.

Hyundai Motor India Ltd (HMIL) Managing Director & Chief Executive Y K Koo said the proposed investment would be towards developing nine new products over the next three years. The company has so far invested Rs 210 billion in India.

All public sector banks have verified LoUs issued by them, and there are no other unauthorised authority letters except for those issued by Punjab National Bank, a senior SBI official said here today.

Billionaire jeweller designer Nirav Modi and his uncle Mehul Choksi in connivance with certain bank officials allegedly cheated the PNB of Rs 12,968 crore through fraudulent Letters of Undertaking (LoUs).

Bengaluru: Mobile application based financial services platform Paytm has announced the launch of two new services—Gold Gifting and Gold Savings Plan as part of its wealth management offering, Paytm Gold.

The company said the customers can now send 24K 999.9 purity gold to each other instantly - offering them a convenient gifting solution. It said that more than 60% of Paytm Gold purchases are from tier two and three cities with millennial constituting the majority.

Air India’s official Twitter account was hacked early in the morning on Thursday for many hours before being restored, the airline has said.

Messages in Turkish language were posted on the official Twitter handle @airindiain, said an Air India spokesperson

The rupee depreciated 9 paise to 64.92 against the US dollar in opening trade on fresh demand for the greenback from importers and banks.

Also, foreign capital outflows amid a lower opening in the equity market weighed on the domestic units.

ICICI Bank will sell about 7.72 crore shares or 24% stake in its brokerage arm ICICI Securities Ltd. in an initial public offering to be launched next week. The bank will raise as much as 4,020 crore from the offering.

The price range for the offering was set in the range of 519-520 per share and the IPO will open from March 22 to 26. The subscription will open for anchor investors or in others large local and foreign institutions on March 21, while retail investors canapply between March 22 and March 26.

Mumbai Market benchmark BSE Sensex extended losses for the third straight day by shedding over 66 points in early trade today on selling by domestic institutional investors and foreign funds amid mixed Asian cues.

Also, selling pressure in oil & gas, FMCG, metal, PSU, bank and power stocks amid a depreciating rupee to weighed on market sentiment.

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