RIL to now focus on monetization with 'commerce layer'

New Delhi (IANS) In the next four years, Reliance Industries Limited (RIL)'s focus would be to add a third "layer of commerce" and monetize the existing investments across different formats.

According to a research report by BofA Securities,…

Vodafone Idea to offer services under new brand name 'Vi'

New Delhi (IANS) Telecom operator Vodafone Idea will offer its services under a new brand name Vi, as merger and integration of Vodafone and Idea has been successfully completed.

In a statement, the company said that the coming together of…

Diesel prices steady across metros on Sunday

New Delhi (IANS) Diesel prices remained unchanged across the four metros on Sunday with the fuel being priced at Rs 73.27 per litre in the national capital.

In Mumbai, Chennai and Kolkata too, diesel prices were the same as on Saturday, at…

Diesel prices now falling, petrol steady

New Delhi (IANS) The auto fuel seems to have switched sides over revision in rates with diesel prices now beginning to fall while petrol holding steady.

The oil marketing companies (OMCs) on Saturday reduced the pump price of diesel across…

Silver Lake in talks to invest $1B in Reliance Retail

New Delhi (IANS) Private equity fund Silver Lake is in talks to invest $1 billion in Reliance Retail.

The investment, which would value Reliance Retail at about $57 billion, comes as the company is aiming to sell about 10 per cent in new shares,…

RBI revises priority sector lending norms, raises credit limits

Mumbai (IANS) The Reserve Bank of India (RBI) on Friday released its revised priority sector lending guidelines wherein the credit limits have been raised for farmer producer organisations, renewable energy and for health infrastructure.

As…

Worst behind us, Indian economy witnessing V-shaped recovery: DEA

New Delhi (IANS) Days after India reported a 23.9 per cent contraction in its gross domestic product (GDP), the Department of Economic Affairs (DEA) in its Monthly Economic Review for August has said that the worst is over now as the Indian economy…

India's apparel exports to register 40% growth in FY21: AEPC

New Delhi (IANS) Apparel Export Promotion Council (AEPC) Chairman A. Sakthivel, on Thursday said the apparel exports from the country is likely to expand by about 40 per cent in the current financial year.

Addressing the 41st Annual General…

Vodafone Idea board to mull raising funds post AGR verdict

New Delhi (IANS) The Board of Directors of Vodafone Idea Ltd (VIL) will meet on Friday to discuss and evaluate proposals for raising funds in one or more tranches through public issue, issue of equity shares or securities among other options.

CG Power board okays Rs 100 cr additional infusion by Tube Investment

Mumbai (IANS) The Board of CG Power and Industrial Solutions has approved the offer of additional investment of Rs 100 crore by Tube Investments.

In a regulatory filing on Wednesday, CG Power said that it had received a letter dated August…