Reliance Jio's 4G Infocomm services are likely to launch in August - three months ahead of schedule. The launch is set to shake up the market with 'free voice for life' packages and high speed data priced at 25% below current rates. ET
The L&T Infotech IPO was buoyed with 11 times its subscription, attracting 132 million bids. The retail segment was subscribed seven times. BS
PSU oil marketing companies likely to save around Rs 1,200 crore with the monthly kerosene price hike, substantially reducing their under-recoveries. FE
Revised aviation rules have capped the cancellation charges air passengers have to pay, and cannot exceed the basic fare and fuel surcharge. These rules will go into effect from August. Firstpost
Photo of the Day: David Cameron, Britain's outgoing PM, leaves the PM residence at 10 Downing Street with his family. Reuters/Stefan Wermuth
