Vodafone and Reliance Communications (RCom) are likely to sign 2G intra-circle roaming agreements across five circles. The deal will enable RCom to continue its 2G service by using Vodafone's spectrum in Bihar, West Bengal and Assam. The two companies are also in advanced talks to share 3G spectrum in Delhi and Mumbai to reduce their operational expenses as well as improve the quality of service, according to an agency report. The agreement will be signed in line with 3G intra-circle roaming norms, which allow an operator in a circle to use a partner's 3G network to sell and operate the services.

The government has set up a judicial commission headed by former Chief Justice of Delhi High Court Ajit Prakash Shah to look into the findings of the international consultant DeGolyer & MacNaughton in the gas dispute between Reliance Industries (RIL) and state-owned Oil and Natural Gas Corporation (ONGC).

The consultant had said 11 billion cubic meter (bcm) of gas may have flown from ONGC’s Godavari PML and KG-D5 blocks to RIL’s KG-D6 block in the Krishna Godavari basin off the Andhra coast.

MUMBAI: Extending gains for the third straight session, the benchmark BSE Sensex surged over 123 points at 25,443.48 in early trade on Wednesday amid a firming trend at other Asian markets ahead of the outcome of the Federal Reserve meeting.

The 30-share index, which had gained 276.09 points in the previous two sessions, gathered another 123.04 points, or 0.48 per cent, at 25,443.48 with all the sectoral indices, led by oil & gas, IT, healthcare and power trading in positive zone.

Mumbai: The Indian rupee on Wednesday was trading higher against the US dollar following local equity markets, ahead of the two-day policy meeting which ends later in the day.

At 2.09pm, the home currency was trading at 66.86, up 0.11% from its previous close of 66.93. The local unit opened at 66.91 per US dollar. Since the beginning of this year, the rupee has lost 5.71%.

The month-long voting on Maruti Suzuki’s proposal regarding its new plant in Gujarat, the ownership of which would vest with parent Suzuki Motor Corp, came to an end on Tuesday. The result will be announced on Thursday. In order to go ahead with its plan, the company needs at least 50% of the minority shareholders to approve the resolution.

Flipkart’s #FlipTrends shows that mobile phones & electronic accessories dominated the online shopping wave in 2015 and that Delhi NCR has emerged as the most online shopping savvy city in India.

Flipkart, India’s largest online marketplace, has introduced the #FlipTrends2015, a comprehensive view into how online shopping in India fared in 2015.

Shares of domestic oil marketing companies surged over 3 per cent on Wednesday on account of lower-than-expected cut in petrol and diesel prices.

At 10.14 am, shares of Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation (HPCL) were trading 2.55 per cent, 3.21 per cent and 2.82 per cent up at Rs 911, Rs 431 and Rs 833.45, respectively.

NEW DELHI: The S&P BSE is trading comfortably above its crucial psychological level of 25,000 ahead of the all-important rate review announcement by the US Federal Reserve due later on Wednesday.

But experts said volatility is something Dalal Street will have to deal with at least for some more time. In the meantime, individual counters will continue to see strong activity as there is no dearth of buying opportunities for alert investors.

Shares of Mahindra & Mahindra (M&M) have slipped 6% to Rs 1,211 on the BSE in otherwise firm market ahead of the Supreme Court decision today that may restrict registration of diesel cars with engine capacity of over 2,000cc, cancel license for 15-year-old vehicles and mandate higher emission norms in Delhi.

The apex court has made significant observation regarding the diesel vehicles, and if imposed, will result in a partial diesel vehicle ban in the city. SC has proposed to disallow registration of diesel vehicles with engine capacity of greater than 2000cc.

Shares of Tata Consultancy Services were up over 1% after the company announced that it has been selected by leading global aviation group Deutsche Lufthansa AG to provide testing services and help improve the quality of services of their technology operations.

The deal is part of Lufthansa's IT-transformation initiative to accelerate speed to market, improve customer experience and enable innovation and continuos improvement, the company said in a release.

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