MUMBAI: Shares of Reliance Communications surged nearly 6 per cent today after the Department of Telecom (DoT) approved the spectrum-sharing deal between Reliance Jio Infocomm and RCom.

The stock advanced by 5.46 per cent to settle at Rs 56.95 on BSE. During the day, it soared 7 per cent to Rs 57.80.

NEW DELHI: IT industry body Nasscom has partnered the Netherlands government to promote "serious gaming" in India.

As part of the partnership, the two partners organised roadshows across Delhi, Mumbai, Pune and Bengaluru this month, focusing on showcasing the potential of gaming for various sectors.

US carmaker Ford will recall 42,300 units of hatchback Figo and compact sedan Figo Aspire in India to fix a software glitch that could lead to malfunctioning of airbags during a collision.

Ford India is issuing a voluntary safety recall for the two models built at the Sanand plant since the launch until April 12, the company said.

Elephants can dance, going by Reliance Industries’ (RIL) performance in FY16. After five years, the country’s largest private sector company by revenue has reported double-digit growth in earnings. RIL, battling headwinds in most of its businesses, has exited FY16 with 17.2 per cent growth in earnings from the previous year.

The earnings trajectory has been driven by strong growth in both the refining and petrochemical businesses. At $10.8/barrel, RIL’s gross refining margin (GRM) has hit a seven-year high and throughput has touched a record 69.6 million tonnes (mt).

Mumbai Cricket Association today moved the Supreme Court against the Bombay High Court order directing shifting of IPL matches outside Maharashtra.

The plea was mentioned before a bench of Justices Dipak Misra and Shiva Kirti Singh by senior advocate Kapil Sibal which listed the matter for hearing on April 25.

The Supreme Court on Friday stayed the Uttarakhand High Court judgement that quashed the declaration of President's Rule in the State till April 27.

Attorney-General Mukul Rohatgi assured the SC that President's Rule will not be revoked and that BJP would not form the government in Uttarakhand till April 27.

China on Friday aired its concern over World Uyghur Congress (WUC) leader Dolkun Isa's reported visit to India, saying he is a "terrorist" on Interpol's Red Corner and it is the obligation of all countries to bring him to justice.

India's decision to permit WUC leaders whom China regards as backers of terrorism in its volatile Muslim-dominated Xinjiang province was reported to be in response to Beijing's blocking a ban on Jaish-e Muhammad chief Masood Azhar in the UN.

The Department of Telecommunications (DoT) on Friday approved spectrum sharing between Reliance Communications and Reliance Jio in nine circles including Mumbai, Himachal Pradesh and Haryana.

This will allow both the firms to offer 4G services on 10 MHz block in 800 Mhz band after the sharing arrangements. The nine circles are Mumbai, UPE, Madhya Pradesh, Haryana, West Bengal, Odisha, Himachal Pradesh, Assam, and the North East, according to a filing on stock exchanges.

Full service airline Vistara has entered into a strategic partnership with Tata Consultancy Services (TCS) for a broad range of information technology (IT) services, including application maintenance services and airport infrastructure support.

Vistara is a joint venture between Tatas and Singapore Airlines.

HDFC Bank, country's second largest private sector lender, has reported a 20% growth in net profit in the January-March quarter to Rs 3,374.2 crore. For the full financial year as well, net profit inched up by 20% to Rs 12,296.2 crore.

Net interest income, the difference between interest income and interest expenditure, grew by 24% to Rs 7,453.3 crore, compared with Rs 6,013.2 crore in the fourth quarter of the past financial year.

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