With Reliance Jio on Wednesday sticking to its stand that it would not take the responsibility for past spectrum-related dues of Reliance Communications (RCom), the fate of the Rs 25,000-crore spectrum trading transaction between the two hangs in balance.

As a result, the department of telecommunications (DoT) has withheld the no objection certificate (NoC) it had undertaken to provide by December 17.

The government will likely junk a recent proposal of a task force to set up a regulator for the e-commerce sector, a senior official told FE. However, in sync with the task force’s view, it could explore ways to curb alleged “market-distorting, predatory and differential pricing” of products through hefty discounts by e-tailers like Amazon and Flipkart in violation of foreign direct investment (FDI) rules, he said.

7 finals and 7 silvers later, PV Sindhu finally broke the jinx with the last tournament of the year. The Indian badminton star became the first Indian to win gold at year-ending World Tour Finals defeating Nozomi Okuhara of Japan 21-19 21-17 in the women's singles final on Sunday.

Benchmark indices fell sharply in early trade Thursday on weak global cues after the US Federal Reserve raised its key interest rate for the fourth time this year, and signalled more, but slower pace of rate hikes next year.

After opening over 250 points down, the 30-share Sensex was trading 166.63 points, or 0.46 per cent, lower at 36,317.70. The index had ended 137.25 points, or 0.38 per cent, at 36,484.33 Wednesday.

Maruti Suzuki, which sells every second car in the domestic market, has revised its annual volume growth forecast to 8 per cent. The Suzuki-owned company has been logging a double-digit growth rate for four consecutive years. It had set a growth target in excess of 10 per cent for FY19.

Mahindra and Mahindra (M&M) is looking to corner 15-20 per cent market share in the competitive compact SUV segment with its about-to-be-launched offering — the XUV300. It will also launch an electric version of the model in 2020.

Based on the Ssangyong Tivoli platform, the sub-four metre, five-seater model will compete with Ford Ecosport, Suzuki Vitara Brezza and Renault Duster and go on sale in the first half of February. “The XUV500 is a very successful model. The Cheetah-inspired model is really liked by consumers.

The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday cut its sales forecast for the ongoing fiscal to 8 per cent from an earlier projection of double-digit growth.

The company cited low demand in the second half of the year due to high interest rates, increased insurance cost and fuel prices for its downward revision, besides its lack of new model launch in the volume segment.

The board of India's top explorer, Oil and Natural Gas Corp Ltd, will consider a proposal this week to list its overseas investment arm, ONGC Videsh Ltd, on domestic bourses, two sources privy to the matter said on Wednesday.

The move to float the unit, which has investments in 11 producing assets in countries including Russia, Brazil, United Arab Emirates, Sudan and Venezuela, is part of a government push to sell state assets to raise funds.

World’s largest oil exporter Saudi Arabia and richest Indian Mukesh Ambani-run Reliance Industries are discussing joint investment in petrochemicals and refinery projects, the Saudi Oil Minister Khalid al-Falih said.

Al-Falih, who has known Ambani for over a decade now, travelled to Udaipur earlier this month to attend the pre-wedding festivities of Ambani’s daughter Isha’s marriage with Ajay Piramal’s son Anand.

New Delhi: Indian drug inspectors have seized samples of Johnson & Johnson’s baby powder from a plant in a northern state, an industry source said on Wednesday, following a Reuters report the company knew for decades that cancer-causing asbestos lurked in the product.

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