Jet launches ‘Priority Advantage’ service

New Delhi
Jet Airways on Thursday introduced ‘Priority Advantage’ service for economy class. This will allow guests to check in at priority advantage counter(s) and also have their baggage tagged and priority delivered on arrival. The service is available for Rs 400 on all flights within India any time up to 24 hours prior to departure. tns

New Delhi
IOC may issue bonus shares to shareholders

Indian Oil Corp (IOC) will next week consider issuing bonus shares to its shareholders to capitalise part of the reserves. The Board of IOC will meet on August 29, "to consider issue of Bonus Shares," the company said in a regulatory filing. Pti

New Delhi
HDFC to issue NCDs worth Rs 500 cr

HDFC Ltd will issue bonds worth Rs 500 crore on Friday to meet long-term capital requirements. HDFC will issue secured redeemable non-convertible debentures on a private placement basis for a tenor of one-and-a-half years to raise the amount, it said. Pti

Guwahati
IndianOil to invest Rs650 cr in Tripura

Indian Oil Corporation will invest around Rs 650 crore in expanding its storage and bottling capacity in Tripura over the next three years as it looks to prevent fuel crisis in the state. IndianOil-AOD, the company's North East division, will also start moving a convoy of 20 tankers by the end of this month to the North Eastern state for the first time via Bangladesh to avoid the dilapidated NH-44 in Assam. pti

New Delhi
Flipkart to secure addl Rs75-cr loan to sellers

E-commerce major Flipkart, after facilitating loans worth Rs 125 crore for sellers on its platform in last one year, is looking to help merchants avail credit facility of over Rs 75 crore in the next few months. The firm has partnered with eight financial institutions including Axis Bank, Bajaj Finserv, NeoGrowth, Lendingkart and Capital First to offer collateral-free loans to sellers on its platform. pti

New Delhi
Mercedes to have petrol variants by Sept

German luxury carmaker Mercedes-Benz plans to offer petrol variants for all its models sold in India by next month so as to align with the demand shift following uncertainty over diesel vehicles in the wake of pollution concerns. The company expects sales of the petrol vehicles to go up to 30% of its overall sales from the current 20%. tns