 The Mukesh Ambani-led Reliance Industries Ltd (RIL) became the first Indian company to cross Rs 8 trillion market capitalization after its shares surged nearly 37% in 2018. RIL share prices rose 1.31% to hit a record high of Ra1,262.50, pegging its market cap at Rs8.01 trillion after data from the Telecom Regulatory Authority of India (TRAI) showed Reliance Jio continued to add subscribers at a healthy pace. |
| Source- The Livemint |
 Digital payments firm Paytm has partnered with China's Alibaba to launch AI-based cloud computing platform 'Paytm AI Cloud'. The platform will offer business-centric apps to developers, startups and enterprises that need cloud-computing solutions including customer engagement and easy-to-integrate payments. It will process and store all consumer data locally in servers located only in India. The company has committed around Rs 250 crore in this business. |
| Source- The Tribune |
 PhonePe announced entering into a partnership with Indian Railway Catering and Tourism Corporation (IRCTC) to facilitate convenient, fast and secure payments through PhonePe on the IRCTC Rail connect Android app. The partnership will enable PhonePe’s 100 million-plus users to now pay directly from their bank accounts using UPI, credit and debit cards and also the PhonePe wallet for their travel bookings. |
| Source- siasat.com |
 Bharat Sanchar Nigam Ltd (BSNL) has launched BSNL WINGS a VOIP based service. In WINGS, there is no SIM or cable wiring as is a VOIP service through an app. The WINGS service offers unlimited free audio/video calling for one year. The service can be activ BSNL WINGS a VOIP ated with a one-time fee of Rs. 1,099 (Rs 1,297 with GST). Calls can be made using any data connection such as wired broadband, Wi-Fi, 3G or 4G network of any any operator. |
| Source- The Hindu Business Line |
 PayU India announced entering into a strategic partnership with Reliance Money, leading NBFC brands in India, to offer instant app-based personal loans, via LazyPay. It is an attempt to reach out to the underserved consumers in India. The loan amount will start from as low as Rs. 100 and will extend up to Rs. 1,00,000 with a duration varying from 15 days to 24 months. The loan amount will start from as low as Rs. 100 and will extend up to Rs. 1,00,000 with a duration varying from 15 days to 24 months. |
| Source- The Economic Times |
 Apple Inc. became the first US-based company with a market value of $1 trillion, four decades after it was co-founded by Steve Jobs in a Silicon Valley garage. The consumer-technology giant briefly touched the milestone in New York, based on share count data the company disclosed in a recent regulatory filing. PetroChina Co. briefly crossed that valuation in late 2007 but slumped quickly as oil prices collapsed in the financial crisis. Since its inception in 1976, Apple has consistently re-imagined what a computer can be and defined how humans interact with devices and software. |
| Source- The Livemint |
 India's richest person Mukesh Ambani-led Reliance Industries Limited (RIL) beat Tata Consultancy Services (TCS) to become the most valued company in India. RIL's market capitalisation during the day was Rs7.44 trillion as compared to TCS' Rs7.39 trillion. RIL had recently reported its highest ever quarterly net profit of Rs9,459 crore, for the April-June quarter. |
| Source- The Livemint |
 Mobile tower arm of telecom major Bharti Airtel, Infratel announced that it has received clearance from SEBI for its merger with Indus Towers. It will now approach the National Company Law Tribunal for its approval. The combined company will own 100% of Indus Towers jointly owned by Bharti Infratel (42% holding), Vodafone (42%), Idea Group (11.15%) and Providence (4.85%). |
| Source- The Economic Times |
 The Department of Telecom (DoT) has given final approval to the merger of Vodafone India and Idea Cellular. The nod for Vodafone Idea came days after Idea Cellular and Vodafone India jointly paid Rs. 7,268.78 crore 'under protest' to the DoT. The entities will now approach Registrar of Companies (RoC) for stipulated filings for approval, completing the last leg of formalities. The combination, to be known as Vodafone Idea, will create India's largest mobile-phone company and help the firms compete with billionaire Mukesh Ambani's Reliance Jio Infocomm Ltd., which upended the world's second-largest mobile-phone market by offering free calls and cheap data. |
| Source- The Livemint |
  India’s largest online retailer Flipkart has forged an alliance with video streaming service Hotstar and launched a video advertisement platform. It is part of a broader strategy to generate more revenue from the booming video advertising business. The new platform, Shopper Audience Network, will allow brands to target consumers through personalized video ads on Hotstar. Flipkart plans to leverage data from its massive user base and help brands connect with potential consumers using these targeted ads. |
| Source- The Livement |
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