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The move to local manufacturing is in line with the Sunil Mittal-led telecom operator’s strategy to locally source all telecom equipment, networking and STB devices.

Jet Airways is likely to use Boeing 777 planes to restart its international flights in the future and has decided to not sell all of these aircraft in its fleet.

Sarda Mines, a company affiliated with Jindal Steel and Power Limited (JSPL), has emerged as the winning bidder for Kwality Dairy after the milk and dairy products manufacturer was put on auction through an e-bidding process, according to people in the know.

IL&FS Financial Services, an arm of IL&FS, has put on the block Rs 4,297 crore of loans that have been classified as non-performing assets. The finance company has said that the 62 loans will be sold all together for an upfront cash payment.

In a regulatory filing, the company said its board has approved the consolidation of the tools and hardware, and auto components businesses into JK Files (India) Ltd, a wholly-owned subsidiary.

RIL is in talks to invest between $200 million and $250 million in InMobi’s lock screen content platform Glance, multiple people in the know told ET.

Oil markets eased on Tuesday after a five-day rally as investors took profits on fears that higher prices may weaken fuel demand, though market sentiment remained firm amid tight supply. Brent crude futures fell 17 cents, or 0.2%, to $79.36 a barrel at 0121 GMT after surging 1.8% and reaching its highest since October 2018 on Monday.

Though the rate of suspected online financial services fraud attempts have still risen globally by 18.8% globally during April-June quarter over the same period a year ago, it declined in India by 15.35%, indicating stronger fraud control measures being adopted by the financial services industry, a release by the credit bureau said.

Shriram Housing Finance has expanded its loan book 65% to Rs 3,910 cr. Now its target is to reach Rs 10,000 cr by March 2024.

The IPO comprises fresh issue of equity shares worth Rs 1,255 crore and an offer for sale (OFS) of up to 12,00,35,800 shares by its existing shareholders and promoters, according to the draft red herring prospectus (DRHP).