The rupee recovered from a 30-month low by rising 13 paise to 68.34 against the dollar at the Interbank Foreign Exchange in early trade on fresh selling of the US currency by banks and exporters.

Dealers said, fresh selling of the American unit by exporters and banks supported the domestic currency but dollar's strength against other currencies overseas, limited the rupee's gain.

Ringing Bells has launched Freedom251, the cheapest smartphone in the world. This little known Noida-based startup will be a game changer in the smartphone industry if their phone works well.

Wonder how the company has managed to price their phone so low?

On Monday, the United States Department of Defense (Pentagon) delivered to the defence ministry a Letter of Acceptance (LoA), agreeing to supply 145 M777 ultra lightweight howitzers to India. Valid for 180 days, the LoA spells out the contract price, terms of supply and options available.

Sources close to the sale tell Business Standard the asking price for 145 guns is about $750 million (Rs 5,000 crore). The vendor, BAE Systems, will supply the first batch of 155-millimetre, 39-calibre howitzers within six months of signing the contract. The remaining guns would progressively be built in India.

Tata Marcopolo, the joint venture company of Tata Motors and Marcopolo, on Wednesday said that the firm would commence production of buses and trucks once it found a solution to the labour crisis at its Dharwad unit. The company has declared a lockout on February 6 at the unit that makes Marcopolo range of buses after an external union created trouble, which led to dismissal of a few workers.

Karnataka's assistant labour commissioner had called for conciliatory talks on Tuesday where Tata Motors insisted that it would not take back dismissed workers affiliated to “Krantikari Kamgar Union,” an external union.

Bollywood actor Shah Rukh Khan received his graduation degree on Tuesday, 28 years after passing out from Hansraj College in New Delhi. On the occasion, he walk down the memory lane as he recalled his days time at his alma mater.

The 50-year-old Dilwale actor, who was in the capital to launch the anthem of his much-awaited Yash Raj Film, Fan, said he felt special coming back to the campus.

Dismissing media reports on a Delhi Police internal report not mentioning Kanhaiya Kumar as raising anti-India slogans, Delhi Police Commissioner B.S. Bassi on Wednesday said those pointing fingers at him were ill advised.

Talking to journalists, Mr. Bassi said that they, in fact, had evidence against the JNUSU president on the basis of which he was arrested.

Swedish telecom gearmaker Ericsson has been selected by Idea Cellular to deploy 4G/LTE network in select circles and transform the firm's existing 2G and 3G infrastructure.

The LTE deployment will cover Maharashtra, Madhya Pradesh, the North-East and Himachal Pradesh, which serve over 40 million subscribers.

The 1600-MW super thermal power project proposed by NTPC at Gajamara in Dhenkanal district is stuck over unavailability of coal.

The National Thermal Power Corporation (NTPC) had planned such projects at Darlipalli (in Sundargarh district) and Gajamara at the same time. While the Darlipalli project has made considerable progress, the one at Gajamara has stumbled in the absence of coal linkage.

As the government looks to double the length of the country's highways to 200,000 km, engineering and construction giant Larsen & Toubro has said it sees huge opportunities in the sector.

It has, however, listed out a number of challenges facing the roads sector, including funding constraints.

Ashok Leyland's has alleged that Nissan has used a part of equipment imported under Export Promotion of Capital Goods (EPCG) scheme to manufacture products other than that of the JV.

An affidavit filed by Ashok Leyland, and accessed by Business Standard, states that the Directorate General of Central Excise Intelligence (DGCEI) made an inspection at the site of Renault Nissan Automotive India Pvt Ltd (RNAIPL) and found that certain EPCG assets being wrongfully used by RNAIPL for manufacturing cars for Nissan like Sunny and others.

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