Rupee firmed up 7 paise to 67.11 against the dollar at the forex market on increased selling of the US currency by banks and exporters amid positive economic data.

Industrial production grew 1.2% in May from a year ago. The provisional 0.8% contraction in April has been revised downwards to -1.34%.

Nokia and Samsung are cozying up together for the second time this year after the duo announced an expansion of the patent licensing deal that they agreed back in February.

Under these new terms, the companies will share “certain additional patent portfolios” together going forward. The pair’s previous deal covered an unspecific set of patents, and this latest announce is equally as vague.

Ahead of the much-awaited launch of Reliance Jio Infocomm’s 4G services, the country’s top three operators – Bharti Airtel, Vodafone India, and Idea Cellular – are ramping up their content strategy to offer music to movie services on high-speed internet networks.

A comparison of apps of the four operators shows that Reliance Jio and Idea Cellular lead the pack with almost six apps each, while Bharti Airtel and Vodafone India lag behind with three each, according to data compiled by CLSA, a brokerage firm. Still, Reliance Jio has a comprehensive content offering giving it an edge among its peers, it says.

Coal India Limited (CIL) stock fell 1.41% on Tuesday in an otherwise strong market after the state-owned miner said on Monday it would buy back 10.89 crore shares worth `3,650 crore.

Market watchers said the cash on the company’s books could have been put to better use given the biggest beneficiary of the buyback will be the government which holds 79.6% in the firm.

In its analyst meet on Friday, Hindustan Petroleum (HPCL) management raised its standalone capex guidance significantly to `534 billion over FY17-21 vs. `310 billion over FY16-20 earlier.

Majority of the capex increase appears to be in the marketing segment which management attributed to new LPG bottling plants, lube blending plants and product pipelines.

Bharat Heavy Electricals Limited (BHEL) share price surged over 6 per cent on Wednesday after Bangladesh-India Friendship Power Company (Pvt) Limited (BIFPCL), the joint venture enterprise inked the deal with the state-owned power equipment maker.

At 11.39 am, share price of the company was trending 3.43 per cent up at Rs 143.05. The scrip opened at Rs 139 and has touched a high and low of Rs 146.85 and Rs 139, respectively in trade so far. Sensex was trading 37.34 points down at 27,770.80.

Shares of ONGC and Oil India gained on Wednesday after a business daily reported that oil companies got government nod to increase kerosene price by 25 paise every month till April 2017.

At 10.26 am, shares of Oil India were trading 3.47 per cent up at Rs 378.45. The scrip opened at Rs 372 and has touched a high and low of Rs 380.90 and Rs 372, respectively, in trade so far.

The US car major Ford launched its iconic sports car 'Mustang' in India, priced at Rs 65 lakh (ex-showroom Delhi).

This is the first time in Mustang's 52-year history that the company has launched the model in India.

Bharti Airtel, which offers services in 16 African countries, and Apollo Hospitals have signed a Memorandum of Understanding (MoU) to enhance healthcare cooperation across Africa.

The service will enable Airtel Africa customers access personalised advice in real time, thereby bringing world-class healthcare services at their fingertips.

MUMBAI: Across-the-board buying, backed by strong global cues, expectations of better corporate numbers, fall in crude oil prices and good progress of the monsoon pushed the sensex to near its 11-month high at 26,647 points on Monday with 29 of its 30 constituents closing with gains.

Talks about a possible support from Congress party for the passage of the GST bill in Rajya Sabha also added to the positive sentiment, dealers said.

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