Mumbai, Feb 20 () Stocks staged a comeback in early trade with the BSE Sensex gaining over 157 points and the Nifty recapturing the 10,400-level on buying by investors in metal, capital goods, teck and IT stocks amid a mixed trend at other Asian Markets.

The 30-share Sensex recovered by 157.24 points, or 0.46 per cent, to 33,931.90 in opening trade. The index had lost 522.81 points in the previous two sessions.

Mumbai: In a long-drawn dispute between Reliance Infratel Ltd, a telecom tower infrastructure arm of Reliance Communications Ltd (RCom), and its minority shareholders HSBC Daisy Investments (Mauritius) Ltd, the Anil Ambani-controlled company has agreed to share details of the deal to sell off its assets to his elder brother Mukesh Ambani-controlled Reliance Jio.

Mumbai/New Delhi: Even as the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) stepped up their investigation, conducting searches across Nirav Modi’s premises, and the Central Vigilance Commission (CVC) swung into action, it is now evident that several warnings issued by the Reserve Bank of India (RBI) about the possibility of such banking frauds were ignored by bank managements.

New Delhi: Enthused by investors’ response to its toll-operate-transfer (TOT) model, aimed at monetizing India’s publicly funded highways, state-run National Highways Authority of India (NHAI) is planning to auction toll collection for road length totalling around 1,720km. The auction is expected to fetch the government around Rs15,000 crore, said a person aware of the development requesting anonymity.

New Delhi: In the past 18 months, Reliance Jio Infocomm Ltd has triggered a bloody consolidation in the telecom sector, forcing incumbents to either match Reliance Jio’s offers or exit the market completely.

Among the last ones to exit the market will be Aircel Ltd, which, according to a report in The Economic Times, plans to file for bankruptcy at the National Company Law Tribunal (NCLT).

Nasscom on Monday launched a platform for skill development in eight varied technologies, starting with artificial intelligence (AI), for creating skills for future jobs in the country. The platform — FutureSkills — was unveiled by Prime Minister Narendra Modi via video conference during the inaugural session of the World Congress on Information Technology (WCIT)-2018. Besides AI, the other technologies in focus will be virtual reality, robotic process automation, internet of things, big data analytics, 3D printing, cloud computing, social and mobile.

Volvo Cars has launched its first ever three-cylinder Drive-E engine in the XC40, which is the smallest SUV on offer from the Swedish brand. The new engine was developed in-house based on the modular design of Volvo's four-cylinder Drive-E engines. The new 1.5-litre, three-cylinder, direct-injection petrol engine with a T3 badge will be paired with a six-speed transmission with an optional eight-speed automatic transmission that will follow next year.

MUMBAI: Calling for a bottom-up approach and not a top-down policy as of now, industry leaders have called for more and more engagement with citizens while designing and developing smart cities.

While underlining that each smart city is unique, L&T Construction chief marketing officer Joy Rajan Cheruvathoor argued that "each smart city is unique and a cookie cutter approach does not work to design them. The best way forward to achieve this is to engage the citizens better."

US President's son Donald Trump Jr, who is in India on a business trip, will hold a closed-door meeting with top industrialists in the national capital today.

The luncheon meeting at Birla House will be hosted by Congress leader Milind Deora and business leaders Deepak Parekh and Shobhana Bhartiya, sources said.

Deloitte Touche Tohmatsu India LLP, the auditor to Nirav Modi’s holding firm Firestar International Pvt Ltd (FIPL), has sought more information from the company after it came to light that Modi companies had defrauded Punjab National Bank of Rs 114 billion.

According to a source close to the development, Deloitte was the auditor to FIPL for two years and signed off the accounts for financial years ended March 2016 and March 2017.

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