The less-than-anticipated gas production from Reliance Industries' flagship KG-D6 fields may have impacted fortunes of a number of its customers, but the company and its two partners have made almost two dozen interventions to arrest the decline from D1 and D3 discoveries. RIL, British Petroleum (BP) and Niko have together invested Rs 4,500 crore in the past two years to sustain production, said a person close to the development.

Markets regulator Sebi has invited bids from BPOs and call centres to set-up helpline service, where agents will attend investor calls on issues related to IPOs and commodity derivatives.

While the helpline has been proposed to be set up with 30 agents initially, it can be extended up to 50 seats.

Home-grown smartphone maker Micromax on Wednesday launched its flagship Canvas 5, priced at Rs 11,999.

The Canvas 5, an ambitious pre-Diwali release, is Micromax’s first product with a 3-GB RAM and an internal memory expandable to up to 64 GB. The device has 1.3-GHz octa-core processor from Mediatek, another first for the company.

Mumbai: Solar power tariff in India touched an all-time low of Rs.4.63 per KWh after a huge number of domestic and multinational companies bid aggressively for the 500 megawatt (MW) of capacity offered under the Jawaharlal Nehru National Solar Mission in Andhra Pradesh on Tuesday.

“SunEdison quoted tariff of Rs.4.63 per KWh,” Tarun Kapoor, joint secretary at India’s ministry of new and renewable Energy, says in mobile-phone text message, reported Bloomberg.

Global WiFi – first mobile virtual network operator, Sabse Technologies has raised funding from Ratan Tata. The financial details of the deal has not yet been disclosed by the company. The company aims to utilise the raised funding to expand its WiFi first cellular service to consumers worldwide.

Founded by Hotmail Co-founder Sabeer Bhatia and Yogesh Patel in 2008, Sabse operates communications cloud platform named Sabsebolo for SMEs. Its cloud communication platform also enable developers to develop voice and text applications. The company offers cloud telephony, video conferencing and desktop sharing platform for small and mid sized enterprises.

The rupee appreciated by 11 paise to 65.53 against the dollar in early trade on Wednesday on selling of the American currency by exporters and banks.

Forex dealers said domestic equity markets opening with gains too supported the rupee, but dollar's strength against other currencies overseas capped the gains.

The BSE Sensex climbed over 207 points to trade at 26,797.79 and the NSE Nifty recaptured the 8,100-mark in early trade on Wednesday, with increased buying by participants leading to across-the-board gains amid positive Asian cues. However, at 1044 hours, the index was down to 26,698.40, 107.81 points up or 0.41% higher, as all sectoral indices, led by auto, realty and metal, were trading in the positive zone with gains of up to 1.36%. The gauge had gained 31.44 points in the previous choppy session.

South Korean carmaker Hyundai Motor Co confirmed on Wednesday it will launch a new global luxury car brand called Genesis, targeting higher profit margins to help it reverse out of an earnings slide.

Hyundai, which rose to prominence on a reputation for reliable, affordable cars, said the Genesis brand's lineup will start with two sedans this year, growing to six by 2020.

Auto stocks are in focus with most of the frontline stocks such as Tata Motors, Ashok Leyland, Bajaj Auto, Mahindra & Mahindra (M&M), Hero MotoCorp and Eicher Motors are trading higher between 1%-5% on the National Stock Exchange (NSE).

At 11:06 AM, the CNX Auto index, the largest gainer among sectoral indices, was up 1.7% as compared to 0.23% rise in the benchmark CNX Nifty.

DLF Ltd , India's biggest listed property developer, posted a 21% jump in quarterly profit on lower costs even as home sales are slow to pick up in a recovering economy.

The New Delhi-based company earned 1.32 billion rupees ($20.1 million) for the quarter ended September 30, compared with 1.1 billion rupees last year.

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