Companies Business News from the Industry

Jio’s action on free calls; a distraction: Vodafone Idea

Here is what Vodafone Idea stated in response to Reliance Jio’s decision to stop free calls to other network operators. Jio will charge 6 paise per minute for offnet voice calls. Jio users have to recharge separately for other network calls.

Jio stops free voice calls to other network operators

Jio to recover 6 paise a minute termination charge for mobile voice calls to other operators. Reliance Jio, the world’s largest mobile data network, said on Wednesday that calls made to other mobile operators will be charged at the prevailing interconnect usage charge (IUC)

Hays Travel to buy 555 Thomas Cook stores in UK saving thousands of jobs

The sale of Thomas Cook’s store network offers opportunities to ‘significant’ numbers of former staff,…

RBI extends R K Chhibber’s term as J&K Bank’s interim Chairman & MD

The Reserve Bank of India (RBI) has approved six months extension to R K Chhibber as the interim Chairman and Managing Director of the Jammu and Kashmir Bank.

Auto component major Minda to acquire Germany’s Delvis for €21 million

Minda Industries is acquiring 100% equity capital of Germany-based Delvis Group for €21 million. The…

Infosys to deliver digital transformation services for Volvo cars

Infosys has been selected as the main supplier to deliver Volvo Cars’ digital transformation services for its enterprise digital commercial operations applications and products.

Nippon Life Insurance announces integration of Reliance Mutual Fund

Nippon Life Insurance, a 130-year-old financial services conglomerate with significant global presence has over 700 billion dollars of assets under management

SBI launches debit card EMI facility

Consumers can buy the products at over 40,000 merchants and stores in more than 1,500…

Naveen Jindal’s JSPL sales rise by 10%, production up by 16%

Naveen Jindal-promoted Jindal Steel and Power Ltd (JSPL) said on Monday that it registered 16 per cent rise in production during second quarter (July to September) of the current financial year to 1.58 million tonnes in domestic operations with sales increasing by 10 per cent to 1.46 million tonnes.

Yes Bank files complaint with Mumbai cyber cops; here is why

Yes Bank has lodged a complaint with Mumbai Police and Cyber Cell against the dissemination of fake news and spread of rumours about the bank’s financial health on social media platforms.

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