New Delhi: The merged entity of Vodafone India Ltd and Idea Cellular Ltd is likely to face a conflict of interest when it plans to buy tenancies as the two companies have telecom tower operator American Tower Corp. (ATC) as a preferred vendor and at the same time also have stakes in its rival Indus Towers-Bharti Infratel combine.

Contrary to the Centre’s plan to bring down coal imports, industries are seen to be sourcing more coal from foreign countries in FY19, thanks to the unresolved issue of inadequate transport mechanism to ferry the fuel from the mines to the manufacturing plants. “Coal import trend is expected to continue as power, cement and steel industries are expected to witness improvement in demand and capacity utilisation,” CARE Ratings said on Tuesday.

NTPC signed a memorandum of understanding (MoU) to add three more power plants, with a cumulative capacity of 3,470 MW, to its portfolio. The deal would raise NTPC’s independent coal-based power generation capacity to 43,825 MW. The financial details of the transaction were not disclosed.

If you often travel to the United Stated then you are in for a good news. A new airline has entered in the market, which would go light on your pocket. Iceland based low-cost airline Wow Air Ehf is entering India with tickets to US priced at $199 from December 7 onwards.

The benchamrk BSE Sensex on Wednesday fell over 200 points over a possibility of hung house in Karnataka. Besides, the Karnataka factor Surge in US bond yield and weakness in Indian rupee also dragged the indices.

At 9:43 AM, Sensex was down by 256.15 points to trade at 35,282.74 points while Nifty was in red at 10,716.90 points.

Facebook axed 583 million fake accounts in the first three months of 2018, the social media giant said Tuesday, detailing how it enforces "community standards" against sexual or violent images, terrorist propaganda or hate speech.

Responding to calls for transparency after the Cambridge Analytica data privacy scandal, Facebook said those closures came on top of blocking millions of attempts to create fake accounts every day.

Shares of Anil Dhirubhai Ambani Group (ADAG) companies were trading lower for the second straight day with Reliance Communications (RCom) falling 14% in intra-day trade on Wednesday after bankruptcy court admits Ericsson's plea against the company.

After Facebook and Google, Microsoft has now banned advertisements showing cryptocurrencies and related products from its Bing search engine.

"Because cryptocurrency and related products are not regulated, we have found them to present a possible elevated risk to our users with the potential for bad actors to participate in predatory behaviours, or otherwise scam consumers," Melissa Alsoszatai-Petheo, Advertiser policy manager at Microsoft, said in a blog post on Wednesday.

The Bharatiya Janata Party (BJP) won 36.2% of the votes in the Karnataka election–its highest ever since the party first contested state elections in 1983.

However, the Janata Dal-Secular (JDS) with 18.3% vote share and the Indian National Congress (38%)–a combined vote share of 56.3%–may get to form the government in the state.

ArcelorMittal has transferred Rs 70 billion to an escrow account of State Bank of India (SBI) owing to payment of outstanding dues relating to defaulting firms in a bid to become eligible for Essar Steel.

Sources close to the development said a significant amount of around Rs 70 billion had been put into the SBI account with a proposal on escrow of the deposited funds.

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