Bharti Infratel has received approval from the Registrar of Companies for changing its name to Indus Towers, following the recent merger of the two companies. "…please note that the name of the company has been changed from Bharti lnfratel Limited to Indus Towers Limited, wherever appearing in the Memorandum of Association & Articles of Association of the company, "it said in a regulatory filing.

Average usage of smartphones by Indians is estimated to have gone up 25% to almost 7 hours a day as people depend on these gadgets for work/study from home & entertainment amid the pandemic, a report said. The study was commissioned by handset maker Vivo and conducted by CMR. There has also been a 55% increase in time spent on social media, and 45% rise in time spent gaming plaforms.

Yes Bank is looking to build a brand around its credit card business and aiming to double its customer base in the segment in the next two years, the Head of its Credit Card Business Rajanish Prabhu has said. You want the high net worth customers but you also want the mass base customers because today everybody uses credit card. We want to attract every segment of customers, Prabhu said.

Big Bazaar, one of the leading hypermarket chain in India, is planning to open 16 new stores over the next three quarter. With this, the popular brand aims to touch 300 stores in the country, according to official. "We are on the course to complete the milestone of reaching 300 hypermarket stores in next three quarters," said Sadashiv Nayak, Big Bazaar chief executive officer said.

8 of the top-10 most valuable firms together added Rs 1,53,041.36 crore in market valuation last week in line with a bullish broader market trend, with Hindustan Unilever Ltd and Reliance Industries Ltd becoming the biggest gainers. During the last week, the 30-share BSE benchmark index jumped 1,019.46 points or 2.26%. The market capitalisation of Hindustan Unilever Ltd zoomed to Rs5,57,714.17 cr.

The coal ministry has again invited bids for four coal blocks whose tender process was annulled in the first round of auction for commercial mining, as the number of the technically qualified bidder for each mine was just one. Of the four coal blocks, 3 are in Odisha and 1 is in Jharkhand. The blocks, which are fully explored, have an annual peak-rated capacity of 52 million tonnes (MT).

Disruptions caused by the COVID-19 pandemic continued to impact cargo movement in India, with thermal coal imports at 12 major ports falling by 17.22% year-on-year to 48.16 million tonnes (MT) in April-November, according to the ports' body IPA. Coking coal handling dropped by 14.71% to 31.51 MT during the April-November period of the current fiscal.

Excess liquidity, attractive valuations and weakness in the US dollar propelled foreign investors to flock to the Indian stock market with the highest-ever net inflow of Rs 1.4 lakh core in 2020, but they also dumped debt securities worth a record amount amid pandemic-driven stress. The foreign portfolio investors (FPIs) have made a net outflow of a little over Rs 1 lakh crore in 2020.

IT startup Thalamus Irwine developed an AI and IoT-based solution to conduct a serosurvey with 1 crore weekly COVID-19 samples. The Delhi-based company has partnered with state-run ITI to host its data and also done a proof of concept with the public sector firm. Though the test cost test will be around Rs 1,000 per individual, real-time data analysis can help companies plan Covid-19 strategies.

The Finance Ministry will take a call on residual Rs 14,500 crore capital infusion in the public sector banks (PSBs) in the fourth quarter of this fiscal. Following the financial performance review after the first half, sources said, it was found that Punjab & Sind Bank, out of the 12 PSBs, was in need of Rs 5,500cr to meet the regulatory requirement.

Police arrested Republic Media Network's Chief Executive Officer Vikas Khanchandani on Sunday morning in connection with the alleged TRP (Television Rating Points) rigging scam, a police official said. Khanchandani was arrested from his residence here by the police's Crime Intelligence Unit (CIU), he said. He will be produce before a court for further remand, the official said.

N Chandrasekaran, Chairman, Tata Group, said on Saturday that India today is capable of becoming a global leader in research and development, science and technology, and most importantly in AI, advanced manufacturing and, therefore, the next set of products and services. He also emphasised the significance of investment in health, education and skills sectors leading to Asia’s miracle economies.

Satya Nadella, CEO, Microsoft, speaking at the 93rd FICCI AGM stressed on the role of AI in the post-Covid recovery journey. While speaking to Sangita Reddy, president, FICCI, Nadella said "AI and other digital technologies have ensured productivity and mission-critical activities during the pandemic. So many small businesses were able to survive because of AI and adoption of digital technology."

Investors in Vedanta Resources Ltd. are turning their attention to the miner’s longer-term plan to streamline a complex group structure that kept the parent from easily accessing cash at its units. Vedanta Resources, controlled by billionaire Anil Agarwal, eliminated a few immediate concerns this week when it raised crucial funding by selling $1 billion notes due 2024 at 13.875%.

The minister for MSMEs and highways Nitin Gadkari on Saturday came down heavily on steel and cement industries for jacking up prices, without valid reasons. Stating that these two industries appeared to take unfair advantage of the government’s initiatives to help businesses, Gadkari wondered what prompted steel firms to raise prices by 55% in the last six months.