Hinduja Group flagship company Ashok Leyland is gearing up to expand its light commercial vehicle business, international operations and defence mobility segment, according to company Chairman Dheeraj G Hinduja.

For the electric vehicle (EV) segment, Ashok Leyland is also looking to tap the proven success of its Optare bus range in the United Kingdom, for other locations as well.

Major e-commerce and retail players, including Paytm, Future Group and Flipkart, are set to invest close to $100 million in procuring and incorporating entertainment content, in a bid to take on Amazon India.

According to sources, Paytm, which recently announced a host of new features in ‘Inbox’, its in-app messaging service, including live TV, news, cricket, entertainment videos and games, is planning to invest close to $30 million in this sector.

Telecom operators have opposed public wifi model recommended by the sector regulator Trai, saying it will adversely impact debt ridden industry and compromise national security.

Based on existing rules for cyber cafes, the Telecom Regulatory Authority of India (Trai) had recommended that a new set of players to be called Pubic Data Office Aggregator (PDOA) should be allowed to resell internet services through yesteryears PCOs type of set-up that will be called Public Data Offices.

Shareholders of Reliance Industries have approved giving Mukesh Ambani another five years as the Chairman and Managing Director of the company. Ambani, 61, has been on the board of Reliance Industries Ltd (RIL) since 1977 and was elevated as Chairman of the company after the death of his father and group patriarch Dhirubhai Ambani in July 2002.

Surface Phone enthusiasts are running a petition on “Change.org” to persuade Microsoft to reverse its reported decision to cancel its unannounced dual-screen computing device, the media reported. All the fans of Windows phone want Microsoft to release the Surface Phone or “Surface Andromeda Phone Project” that has been leaking out lately with the phone screen that can turn into a tablet, the petition read.

Faced with the prospect of a glut in thermal power supplies from 2020 onwards, the Odisha government is keen to renege Power Purchase Agreements (PPAs) signed with NTPC projects which is due to start commercial operations.

Accordingly, the state government has requested the Centre not to allocate power from the NTPC’s stations coming up at Katwa (West Bengal), Pirpanti and Nabinagar-II (both in Bihar) and cancel the PPAs executed between the Maharatna Power Producer and Gridco, the state-owned bulk power trader.

Market access restrictions in China and lack of manufacturing capability in technology items such as semiconductors could deprive India from taking advantage of the trade war between the US and China, which officially kicked in from Friday. However, the industry is hoping that imports of several commodities may become cheaper as a result.

Facebook Inc. co-founder Mark Zuckerberg has overtaken Warren Buffett as the world’s third-richest person, further solidifying technology as the most robust creator of wealth.

Zuckerberg, who trails only Amazon.com Inc. founder Jeff Bezos and Microsoft Corp. co-founder Bill Gates, eclipsed Buffett Friday as Facebook shares climbed 2.4 percent, according to the Bloomberg Billionaires Index.

Increasing coal import by power plants to compensate for supply shortages by Coal India (CIL) would lead to a rise in electricity tariffs, analysts said.

Absorbing higher imported fuel costs by electricity distribution companies (discoms), instead of raising tariffs, would add to losses of such state-owned entities, a recent note from SBICAP Securities noted.

Ford India on Friday said that it is recalling 5,397 units of its popular SUV Ford EcoSport for faulty front lower control arm.

In a statement, Ford India said that it is voluntarily inspecting 4,379 EcoSport vehicles, made at the company’s Chennai plant between May 2017 and June 2017, for weld integrity of the front lower control arm.

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