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BSNL gets set to take on Jio at its game

BSNL gets set to take on Jio at its game

NEW DELHI: Mobile phone customers of Bharat Sanchar Nigam Ltd. (BSNL) will soon be able to make unlimited local and national voice calls to any network for Rs 149 a month.

The new monthly tariff plan, expected to be introduced on January 1, will help the state-run telecom service provider compete with Reliance Industries’ telecom arm Reliance Jio Infocomm, whose entry is seen causing disruption in the country’s telecom sector.

Sensex climbs 120 points ahead of RBI policy meet

Sensex climbs 120 points ahead of RBI policy meet

The benchmark Sensex rose almost 120 points in early trade on optimistic buying by investors ahead of RBI policy review scheduled for Wednesday.

Firm Asian cues tracking record closing in the US as worries on Italy's political uncertainty faded, bolstered sentiment.

Yes Bank partners with Ola to set up 30 mobile ATMs

Yes Bank partners with Ola to set up 30 mobile ATMs

Yes Bank has partnered cab aggregator Ola to set up mobile ATMs across 30 locations in the country that will allow people to withdraw up to Rs 2,000 per card. The Point of Sale (PoS) enabled ATMs will be stationed in Ola cabs from where customers of any bank can withdraw the amount, Yes Bank said.

The service will be available in over 30 locations across 10 cities including Mumbai, Delhi, Bangalore, Chennai, Pune, Kolkata, Chandigarh, Ahmedabad, Hyderabad and Jaipur.

Amazon plays mentor to startups, rolls out global programme 'Launchpad' in India

Amazon plays mentor to startups, rolls out global programme 'Launchpad' in India

E-commerce giant Amazon has rolled out its global programme 'Launchpad' in India to provide startups in the country a platform to market, sell and deliver products across the globe.

India is the seventh country where Amazon Launchpad has been made available, and the platform, "tailormade" for startups, is available for a fee of Rs 5,000 a month.

Sudan holds up licence extension for ONGC's overseas arm

Sudan holds up licence extension for ONGC's overseas arm

Sudan is holding up extending ONGC Videsh's licence over an oil field as the government seeks higher royalties, tax and profit petroleum even as it delays paying nearly $300 million in oil dues.

The licence for Block 2B expired last week and an automatic 5-year extension is available, but Sudan, whose revenues have been hit with a drop in oil prices, wants higher taxes and royalties before it agrees to the same, officials said.

Jayalalithaa dead: Tamil Nadu CM passes away at 68 after suffering cardiac arrest

Jayalalithaa dead: Tamil Nadu CM passes away at 68 after suffering cardiac arrest

Tamil Nadu Chief Minister J Jayalalithaa is dead, according to news agency PTI. This was announced early Monday morning after her health deteriorated on Sunday night. She was 68. A statement from Apollo Hospitals had said yesterday that the CM suffered a cardiac arrest and medical specialists from UK and Delhi were being consulted to ensure the best possible care in the treatment was taken.

Sensex bounces back in late recovery as RBI rate cut hopes grow

Sensex bounces back in late recovery as RBI rate cut hopes grow

Mumbai: Bouncing back at the fag end of a volatile trade, the Sensex on Monday broke its two-day falling spell by closing over 118 points at 26,349 as bets went up in anticipation of a rate cut at RBI policy review due on Wednesday. Shares of auto and metal sectors did much of the rescue job for the market benchmark. Also, the NSE Nifty rescaled the key 8,100 mark. The 30-share Sensex after shuttling between 26,390.80 and 26,125.35 while it settled 118.44 points or 0.45% higher at 26,349.10.

Oil production from Ratna, R-series to begin in 2019: ONGC

Oil production from Ratna, R-series to begin in 2019: ONGC

State-owned Oil and Natural Gas Corp (ONGC) will in 2019 begin producing oil from the Ratna and R-Series oilfield in Mumbai offshore, which it won back after the government cancelled award to Essar Oil.

"We are working on a development plan and investment approvals will be sought in a month's time," ONGC Director (Offshore) Tapas Kumar Sengupta told PTI here.

Paytm to split wallet, e-commerce businesses

Paytm to split wallet, e-commerce businesses

Mumbai: Paytm, the digital wallet owned by One97 Communications Ltd, will be part of Paytm Payments Bank Ltd, in which Vijay Shekhar Sharma, founder of Paytm and recipient of a payments bank licence, holds a 51% stake.

“As per the directions of the Reserve Bank of India (RBI), the company would transfer its wallet business to the newly incorporated Paytm Payments Bank Ltd after receipt of necessary approvals,” the company said in a statement on Monday.

Hyundai takes to shipping route after demonetisation hits truckers

Hyundai takes to shipping route after demonetisation hits truckers

What began as an experiment is emerging as a mainstream logistic option for India’s second-largest car manufacturer Hyundai Motor India (HMIL), precipitated by the Centre’s demonetisation move. The Korean chaebol has said it will use the coastal shipping route to overcome the challenges of truck availability, delays in transit time and uncertainity of road operations.Hyundai has decided to utilise coastal shipping a third time in 2016 with a cargo of 2,500 units to be shipped to Gujarat, NCR and Mumbai on Monday from Kamarajar Port at Ennore near here through Sical Logistics — the only operator so far to test waters through the shipping route as mooted by the Union government.

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