State-run telecom firm BSNL has completed installation of 2,199 mobile towers in naxal- affected regions across 10 states, as part of efforts to strengthen security mechanism to combat insurgency in those areas.

"We had time till December 2016 to complete the project but all the 2,199 solar powered mobile towers have been installed and they are operational. This project sets an example for excellent coordination between government and private agencies," BSNL Chairman and MD Anupam Shrivastava told PTI.

A P Shah committee, which was looking into the dispute over transportation of natural gas from ONGCKG base’s blocks in KG basin to the neighbouring fields of Reliance Industries Ltd (RIL), is set to submit its final report on Wednesday.

“The report will be submitted to the concerned joint secretary (exploration), Amar Nath, by 2 p.m. on Wednesday. The ministry will examine the recommendations of the panel and will take a decision later,” said a petroleum ministry official.

To enhance commodity exchanges’ direct communications with traders, the Securities and Exchange Board of India (Sebi) has asked commexes to make efforts for subscribers’ registration for price dissemination services and disseminate derivatives prices to them on a daily basis, free of cost.

“Such direct price dissemination service would provide information to subscribers instantly in an efficient and transparent manner and, thus, shall be of great benefit to market participants,” said a Sebi circular.

India's largest real estate developer DLF on Tuesday said it has shortlisted bidders for the ongoing stake sale in its rental arm, DLF Cyber City Developers Ltd. The company expects to receive binding, updated bids in the form of shareholder agreement once the shortlisted bidders complete due diligence.

Media reports had earlier suggested DLF had shortlisted six potential buyers for the sale of 40 per cent stake held by promoters in its rental arm.

Canada Pension Plan Investment Board (CPPIB) that manages pension fund assets has recieved the Reserve Bank of India’s approval to increase its stake beyond five per cent to 10 per cent in Kotak Mahindra Bank.

“Kotak Mahindra Bank has informed the exchange that RBI has informed the bank that it has granted approval to CPPIB for acquiring shares in excess of five per cent and below 10 of the paid up capital of the bank,” said the bank in a notice to the exchanges.

Tata Consultancy Services (TCS) and GE have developed technology that will revolutionise gas turbine manufacturing with smart LEDs and GE’s Predix operating system. TCS has developed a digital solution to connect intelligent LEDs to GE’s Predix operating system for the industrial Internet through Intel Atom-based gateways, providing critical analytics to save significant time and costs in the manufacturing process.

TVS Motor Company announced the completion of Himalayan Highs Season 2 on Tuesday, with 11 women riders from across India riding to the world's highest motorable road, Khardung La, on TVS Scooty Zest 110.

Led by Anam Hashim, the solo rider of Himalayan Highs Season 1, the entourage earned themselves a place in India Book of Records for being the first group of women riders to conquer Khardung La on a 110cc scooter.

Tata Motors will focus on reducing the number of platforms used in manufacturing passenger vehicles and increase platform sharing to drive down costs. The company will look at ways to weed out inefficiencies among its component suppliers to drive down costs.

"Today, individual cars sit on individual platforms. It is not a healthy way. We will look at sharing of platforms," Guenter Butschek, chief executive officer and managing director told journalists today.

Calcutta, Aug. 29: Coal India has surrendered its prospecting licences in Mozambique in Africa because of a lack of opportunity for commercial exploitation.

The public sector miner, through its subsidiary Coal India Africana Limitada, had acquired the licences for mining in August 2009, covering an area of 224 square kilometres (sq km).

New Delhi, Aug. 29: State-owned Indian Oil Corporation (IOC) today announced bonus shares in the ratio of 1:1 as its first-quarter net profit jumped 25 per cent to Rs 8,268.98 crore.

The board of directors has approved the bonus share, which means the company will issue one equity share of Rs 10 each for every fully-paid up share of Rs 10 each, subject to the approval of the shareholders.

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