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.

The rupee fell to its lowest level in over two and a half years nearing its record low, tracking Asian peers on global dollar strength.

Traders said the Reserve Bank of India (RBI) was spotted selling dollars via state-owned banks around 68.61 rupee levels to rein in the currency's fall.

DLF, the country's largest real estate company, is aiming to increase its office and retail supply to 36-40 million sq ft in the next two to three years. Currently, its office and retail space covers around 31 mn sq ft, of which two mn is vacant.

It plans four mn sq ft of new office space in Gurgaon and Chennai in the next two to three years. It has also started evaluating projects in Pune and Hyderabad, to add another three mn sq ft. DLF's target is to increase rental revenues from Rs 2,400 crore now to Rs 3,000 crore by the end of the next financial year.

After information technology companies, banks are also now moving away from the bell-curve system of employee appraisal. Axis Bank, the country's third-largest private sector lender, has decided to follow a new method of assessment called Acelerate and ditch the old system from this financial year onwards.

We have been looking at our internal process and decided that without losing focus on meritocracy, productivity how can we look at a slightly more inclusive approach than say bell curve. We have changed our entire performance management system to look at capability that we will build and what that capability will deliver to us, said Rajesh K Dahiya, group executive, Axis Bank.

Tata Motors, Bharat Forge and General Dynamics have forged an alliance to bid for the $11 billion (Rs 78,000 crore) project of making combat infantry vehicles for the Indian Army under the Future Infantry Combat Vehicle (FICV) Programme. Responding to a query, Tata Motors said: We confirm partnering with Bharat Forge for local manufacturing of guns, ammunition and such other elements of fire power that form part of the FICV Programme.

With two of the front runners, Tata Motors and Bharat Forge, joining hands, the number of total bidders has come down to nine from 10. The alliance now stands higher chances of making it to the final three prototype manufacturers, bids for which were given on Monday, according to a senior Bharat Forge executive.

State Bank of India (SBI) launched an initiative on Tuesday to help strengthen business ties between Asia's third-largest economy and Japan, where investors eyeing Indian markets need support in navigating the country's notoriously complex bureaucracy.

SBI dedicated Japan desk offers wholesale and retail banking products like rupee funding for Japanese businesses and banks, as well as guidance on Indian companies and regulations.

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