It’s been only 16 months since Reliance Jio Infocomm Ltd launched commercial operations, but it may have already overtaken Idea Cellular Ltd on revenue. The new entrant reported revenue of Rs6,879 crore for the December quarter. In comparison, Idea Cellular is expected to report revenue of around Rs6,700 crore, based on consensus Street estimates.

The NSE Nifty crossed the historical 11,000 level for the first time while the BSE Sensex hit another record high of 35,957.99 in opening trade after a rally in metal, oil & gas and IT stocks.

Uninterrupted foreign fund inflows amid strong corporate earnings and positive global leads drove the benchmark indices to fresh life time highs.

The 2018 edition of the Women’s World T20 will be hosted by Antigua and Barbuda, Guyana and St Lucia from November 9-24, the ICC has announced.

Hosts Windies will defend the title they won with an eight-wicket victory over Australia in Kolkata in 2016.

If all goes by plan, then you can soon use internet in the flight but that might cost you around Rs 500 for 30 minutes and Rs 1,000 for an hour.

According to the recommendations of Telecom Regulatory Authority of India (TRAI) for In-Flight Connectivity (IFC) allowing internet and mobile services for passengers during air travel, airlines have been considering introducing the facility.

Indian Oil Corporation (IOC) was up 4% to Rs 399 on BSE in intra-day trade on Tuesday after the company announced the board may consider issue of bonus shares in its forthcoming meeting on January 30, 2018.

This is further to our letter dated 17th January, 2018 notifying that a board meeting of the Company is scheduled on Tuesday, the 30th January, 2018, to consider and approve the unaudited financial results of the company for the third quarter ended 31st December, 2017.

EBITDA rose 10.1% y-o-y to Rs 39 billion, while adjusted PAT increased 6.5% y-o-y to Rs 28.2 billion. Cigarette volume decline is likely to have been 2%. Calculated cigarette revenue grew 14% y-o-y, while cigarette EBIT increased 8% (410bp contraction in margin). There has been no price increase over the last three-four months, unlike the previous years, when ITC used to increase prices ahead of the budget. FMCG – Others’ sales were up 12.2% y-o-y to Rs 28.7 billion, with EBIT profit of Rs 470 million v/s Rs 197 million loss in 3QFY17, led by enhanced scale, mix and cost efficiencies.

With ONGC paying only a modest premium for a 51.1% stake in HPCL, limiting the dilution in the fair value to just 6%, the counter gained 3.3% on Monday to close at Rs 199.95. ONGC will pay close to Rs 37,000 crore to buy the stake. Meanwhile, the HPCL stock lost 3.6% on Monday to close at Rs 401.75 apiece. The price — Rs 474 per share — at which the deal has been transacted is a 9% premium to HPCL’s 26-week average price of Rs 435 and a near 14% premium over the Friday’s close of Rs 416.55.

Petroleum prices on Monday breached the Rs 80 mark in Mumbai. According to Indian Oil website, a litre of petrol cost Rs 80.10 in Mumbai. In Kolkata it cost Rs 74.94 and marginally less Rs 74.91 in Chennai. In capital New Delhi, a litre of petroleum is available for Rs 72.23.

On Sunday, responding to a query,Union Oil Minister Dharmendra Pradhan said the spike in petrol rates in the international market has impacted the cost of the fuel in India.

India is projected to grow at 7.4% in 2018 as against China's 6.8%, the IMF said today, making it the fastest growing country among emerging economies following last year's slowdown due to demonetisation and the implementation of the GST.

In its latest World Economic Outlook (WEO) update released today in Davos, Switzerland on the sidelines of the World Economic Forum, the International Monetary Fund has projected a 7.8% growth rate for India in 2019.

HPCL may acquire Mangalore Refinery and Petrochemicals Ltd (MRPL) in a cash and share- swap deal to become India's third-largest oil refiner, a top official said.

Oil and Natural Gas Corp (ONGC), India's biggest oil and gas producer, last week announced acquisition of HPCL for Rs 369.15 billion. After this takeover, ONGC has two refining subsidiaries - HPCL and MRPL.

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