Ambani gives up LPG subsidy, urges staff to follow suit

New Delhi

Heeding to the PM’s call, industrialist Anil Ambani has given up cooking gas subsidy and has urged his group’s around 

1 lakh employees to follow suit. "As a mark of solidarity to this noble initiative, the leadership team of Reliance Group has already opted out of LPG subsidy," Ambani's Reliance Group wrote to its staff. PTI

mUMBAI

Markets come alive on value-buying; rupee up

Markets bounced back on Wednesday to halt their five-day losing run as the BSE Sensex rebounded from nearly four-week low by rising over 214 points and Nifty recapturing the 8,400-level on value-buying in the last one hour of trading. The rupee too strengthened against dollar. PTI

New Delhi

MakeMyTrip acquires travel guide startup Mygola

Online travel services provider MakeMyTrip on Wednesday said it has acquired Mygola, a startup travel guide firm, and the latter's entire team has joined the firm. The firm did not disclose the financial details. PTI

New Delhi

27 bodies start sanctioning online building plans

Twenty-seven urban bodies have put in place online building plan sanctions which help in reducing the time taken for according approvals. Maharashtra leads the list with seven of its urban bodies going online followed by Kerala with five, said Minister of State for Urban Development Babul Supriyo on Wednesday. TNS

Chandigarh

Axis Bank launches Suvidhaa Prepaid Card

Axis Bank has launched Suvidhaa Prepaid Card, a first-of-its-kind initiative in the banking industry, which leverages the e-KYC platform for instant on-boarding, cash deposit and withdrawal for the customer. TNS