The government is examining the possibility of merging 13 state oil companies to form a big conglomerate with the revenue and potential to take on energy giants like Chevron. The Cabinet Secretary has referred this idea for further examination. ET
After months of pressure from investors, Yahoo is set to be sold to Verizon in a $4.8 billion deal. This will include much of Yahoo's real estate, and the details of the deal are expected before US markets open on Monday. Yahoo's stake in Alibaba is not part of this deal. LiveMint
The fate of the GST bill, whose passage had been optimistic last week, took a murkier turn today, after opposition has linked it to awarding Rs 40,000 crore for afforestation to states. BS
The Supreme Court has added to Vijay Mallya's 'final notice' paperwork, issuing him a notice over a contempt petition filed by banks. In April, Mallya had been directed by the court to disclose all assets held by him and his family. Banks allege he has yet to fully disclose his assets. FE
Photo of the Day: Kabali breaks box office records records on opening day, collecting over Rs 40 crore. IE
