New Delhi: The justice A.P. Shah Committee looking into the dispute between state-run Oil and Natural Gas Corp. (ONGC) and Reliance Industries Ltd (RIL) regarding the flow of gas between their adjacent fields in the Krishna-Godavari basin will submit its report to oil minister Dharmendra Pradhan on Wednesday, said a person privy to the development.

The oil ministry will take a call on when to make the contents of the report public, said the person, who spoke on condition of anonymity.

The benchmark Sensex surged nearly 420 points at the pre-close session on sustained buying by investors coupled with fresh round of buying by foreign as well as domestic financial institutions amid firm global cues.

Higher Asian cues and sustained FII buying also supported the market sentiment.

Microsoft today said Bala Girisaballa will be leading Microsoft Accelerator in India as CEO-in-Residence.

Prior to this, Bala was with Globalisation and market expansion advisory Zinnov as Partner and Practice Head helping MNC R&D companies.

Ramky Infrastructure shares gained nearly 14 per cent in early trade on Tuesday after it along with Ashoka Buildcon bagged a contract for building two highway projects in Jharkhand worth Rs 1,646 crore by National Highways Authority of India (NHAI). Both the projects are related to widening of a road stretch on NH 32 and NH 33.

Mahindra and Mahindra shares gained on Tuesday after its executive director and group president, auto and farm sector, Pawan Goenka said CNBC TV18 that the company is in talks with taxi-aggregators such as Ola and Uber for alliance.

At 12.36 pm, Mahindra and Mahindra shares were trading 0.63 per cent up at Rs 1431.00. The scrip opened at Rs 1429 and touched a high and low of Rs 1435.50 and Rs 1425.50, respectively. Sensex was trading 255.66 points up at 28,158.32.

Maruti Suzuki shares surged over 3 per cent on Tuesday after the company launched limited edition model of its popular hatchback – sporty Swift Deca. The petrol variant of the car – Swift Deca Edition VXi- is priced at Rs 5.9 lakh, while the diesel variant – Swift Deca Edition VDi – is price at Rs 6.8 lakh.

At 3.06 pm, Maruti Suzuki shares were trading 2.88 per cent up at Rs 5071.20. The scrip opened at Rs 4950 and touched a high and low of Rs 5104.90 and Rs 4950, respectively. Sensex was trading 415.73 points up at 28,318.39.

New Delhi: Reliance Communications is planning to offer voice calling over LTE (VoLTE) by the end of the year, giving users another option to make voice calls, and is holding talks with major network providers to finalise a player within a fortnight.

People aware of the developments said that RCom, that has inked spectrum trading and sharing agreements with Reliance Jio Infocomm, is in talks with Swedish network major Ericsson, Finnish network provider Nokia, besides Chinese competitors Huawei and ZTE, for executing the contract.

Aided by the sale of its flagship movie theatre chain DT Cinemas to PVR for Rs 372 crore, real estate firm DLF on Monday reported a twofold jump in consolidated net profit to Rs 261 crore for the quarter ended June.

According to its filings with the BSE, the net profit had stood at Rs 126 crore in the April-June quarter of the past financial year. Income from operations fell 22 per cent to Rs 1,867 crore during the first quarter of FY17 from Rs 2,389 crore in the year-ago period.

Benchmark indices staged a recovery in late trades to end higher with Tata Motors leading the gains after brokerages remained bullish on the stock while weakness in IT shares capped further upside.

The S&P BSE Sensex ended up 120 points at 27,903 and the Nifty50 settled 35 points higher at 8,607. In the broader markets the BSE Midcap and Smallcap indices ended up 0.2%-0.3%.

aggregator Uber on Monday said India is the fastest-growing business across the globe for the company and it will continue to invest here.

Uber Asia (Head of Business) Eric Alexander said the company started its business three years ago in Bengaluru and is now operating in over 20 cities.

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