India’s largest automobile company, Tata Motors, has set its eyes on being among the top three global commercial vehicle makers and reclaiming its number three spot in the country’s car and sports utility vehicle market.

Addressing shareholders while presenting the company’s 71st annual report, Chairman Cyrus Mistry said the current year would be crucial, entailing new launches.

The three 'Maharatna' public sector utilities (PSUs), NTPC, Coal India and Indian Oil, would form a special purpose vehicle (SPV) to revive three fertiliser units in UP, the Union Cabinet approved today.

These include two closed urea units of Fertilizer Corporation India (FCIL) at Sindri (Jharkhand) and Gorakhpur (Uttar Pradesh) and Barauni (Bihar) unit of Hindustan Fertilizers (HFCL).

The Securities Appellate Tribunal (SAT) will hold on September 13 the final hearing on realty major DLF's plea against the Rs 86 crore penalty imposed on it by capital market regulator Sebi.

In February last year, Sebi had slapped fines totalling Rs 86 crore on DLF, its top executives, their family members and various other related entities for alleged fraudulent transactions during its initial public offer (IPO) in 2007.

Amid shareholder complaints about many companies refusing to pay dividend despite having extra cash, markets regulator Sebi has made it mandatory for the top 500 listed firms to have a 'dividend distribution policy'.

The new norms will not force companies to pay dividend, but will help investors get a clearer picture on returns from their investments in such listed firms and also identify stocks matching their investment objectives.

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.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.