RIL hits $100 billion again: Billionaire Mukesh Ambani-led Reliance Industries hit $100 billion mark in market capitalization, even as the shares surged to all-time high levels on Thursday. Reliance Industries shares zoomed to an intra-day high of Rs 1,091.5, up by nearly 5%, intra-day taking its market capitalization to 6.87 lakh crore, or $100 billion, converted at the current USD/INR rate of 67.82.

Tata Motors’ Sanand facility, which was set up to produce the Nano, is on the verge of discontinuing mass production of the small car. The company will now produce Nano cars on request only. “We will execute production order only when we receive a request from the company’s dealership. Either we will give it from our stock or we will have it produced and supplied,” said SN Barman, vice-president (sales, marketing and customer care), passenger vehicle unit, Tata Motors.

Reliance Jio aims to reimagine India with artificial intelligence (AI), Shailesh Kumar, chief data scientist of Jio, said, adding the telco would deploy AI to solve real-time problems in India. Jio believes that mobile network and data can be provided at low costs by deploying scalable AI, lowering tariffs. The timeline for the technology to be rolled out is yet to be announced. Speaking at the Nasscom Democratizing AI summit, Kumar said Jio continues to expand its telecom infrastructure to remotest areas in the country as the first step.

The Telecom Commission, the highest policymaking body in the department of telecommunications (DoT), on Wednesday approved the recommendations of the Telecom Regulatory Authority of India (Trai) with regard to net neutrality. With this, telecom operators who were constrained due to the regulator’s differential pricing regulation will get some leeway in pricing their value-added services in three areas — specialised services, content delivery networks and traffic management.

NTPC, currently high on solar energy plans, has shelved the plan to sell its Kayamkulam facility (Rajiv Gandhi Combined Cycle Power Station – RGCCPS) to the Kerala government. It was the Union power ministry that had first mooted sale of RGCCPS-Kayamkulam to the Kerala government. In fact, Union power minister Piyush Goyal and Kerala power minister MM Mani had even arrived at an in-principle understanding on the sale before price became a contentious issue.

Ford Motor Co. is killing its slow-selling Fusion sedan while keeping the name to affix to a sport wagon it is developing to take on Subaru’s popular Outback, according to people familiar with the automaker’s plans.

The Fusion name probably will live on when the sedan exits early next decade, according to a spokesman.

Healthy start to corporate earnings lifted benchmark indices above their recent milestones on Thursday.

The BSE Sensex surged 211.07 points to hit all-time high of 36,477-mark and the NSE Nifty index surged 64.15 points at 11,012.45 in early trade on Thursday.

Lenders to Essar Steel on Wednesday urged the NCLAT to complete its insolvency resolution process in "quick" time, saying the debt-ridden company is incurring a daily loss of Rs 17 crore.

At a hearing of the National Company Law Appellate Tribunal (NCLAT), Sudipto Sarkar, counsel appearing for the Committee of Creditors (CoC) of Essar Steel, requested it to expedite the process.

With as many as 67 fulfilment centres (FC) across 13 states in India, and a storage capacity of over 20 million cubic feet, Amazon India says it is now has the largest warehousing capacity among all e-commerce firms in the country.

That apart, the company has created a whole new wing of forward logistics providers, which basically are small-format warehouses within a city for two-hour express deliveries. Amazon now has 17,500 such 'I Have Space' stores across 225 cities and 350 service partners in 320 cities.

Efforts from state governments such as those of Maharashtra and Uttar Pradesh to develop floating solar plants might hit the financial-viability hurdle.

Industry officials said that non-availability of the primary float structure in India make these projects an expensive option.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.