India's leading telecom company, Reliance Jio, has raised its JioPhone tariffs by 20 per cent, as per media reports.

As per an ET Now report, Jio, which has a subscriber base of over 400 million, has hiked the tariffs for JioPhone by 20 per cent. The company has over 100 million JioPhone users, as per the report.

The National Company Law Appellate Tribunal (NCLAT) on Monday rejected Amazon's plea challenging the decision of fair trade regulator CCI to suspend the approval for the e-commerce major's deal with Future Coupons.

A two-member bench comprising Justice M Venugopal and Ashok Kumar Mishra upheld the findings of the Competition Commission of India (CCI). It directed Amazon to pay the penalty of Rs 200 crore imposed by the fair trade regulator within 45 days from Monday.

Congress MP Rahul Gandhi on Monday appeared before the ED here for questioning in the National Herald money laundering investigation.

Gandhi, 51, entered the headquarters of the federal probe agency in central Delhi around 11 AM after he started from the Congress office on Akbar Road accompanied by a large convoy of party leaders including Priyanka Gandhi Vadra, Rajasthan Chief Minister Ashok Gehlot and Chhattisgarh CM Bhupesh Baghel.

The stock price of RBL Bank hit a record low of Rs 92.75 as it tumbled 18 per cent on the BSE in Monday’s intra-day trade after the Reserve Bank of India (RBI) approved R Subramaniakumar's appointment as the managing director & chief executive officer (MD & CEO) of the private sector lender.

"The RBI has approved the appointment of Mr. R Subramaniakumar as Managing Director & CEO of the Bank for a period of three years with effect from date of his taking charge," RBL Bank said in a exchange filing on Saturday, June 11, 2022.

Shares of Life Insurance Corporation of India (LIC) slipped 4 per cent to Rs 681.70 on the BSE in Monday's intra-day trade with the lock-in period for anchor investors ending on Monday, June 13.

The state-owned insurance behemoth's share price is down 28 per cent from its issue price of Rs 949 per share. At the time of the IPO, retail investors were alloted shares at Rs 905 apiece, whereas policyholders received allottment at Rs 889 per share.

The rupee slipped 36 paise to its all-time low of 78.29 against the US dollar in early trade on Monday, tracking the strength of the American currency overseas as investors flocked to the safe-haven currency amid an overall risk-averse sentiment.

Forex traders said weak Asian currencies, a lacklustre trend in domestic equities and persistent foreign capital outflows weighed on investor sentiments.

Vedanta plans to modify the design of one of its waste heat recovery power plants in Goa and reoptimise its turbines through the use of a specialised technology in order to increase power generation by another 5 MW, a top official of the company said.

This is in line with Vedanta's efforts towards reducing the carbon footprint.

US President Joe Biden will visit New Mexico on Saturday to talk about his administration's efforts to tackle wildfires as residents smolder with anger over how federal officials allowed planned burns to spread out of control, leading to the largest blaze in recorded state history.

The fire has been contained on several fronts, but is still burning amid dangerously hot and dry conditions. It's destroyed more than 430 homes across 1,300 square kilometres since early April, according to federal officials.

Gold opened lower on Saturday, Rs 210 down from the previous day's rate, with 10 gram of 24-carat gold trading at Rs 52,100. Meanwhile, 10 gram of 22-carat gold is trading at Rs 47,750, after a decrease of Rs 200.

The precious metal is used as a hedge against inflation, but higher interest rates increase the opportunity cost of holding the non-yielding asset.

The family of dismissed BJP leader Naveen Jindal has left Delhi following a death threat.

Jindal was dismissed from the BJP after controversy erupted over his remark against Prophet Muhammad which was in support of suspended party BJP spokesperson Nupur Sharma's statement also against the Prophet.

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