The rupee depreciated by 27 paise to 65.20 against the dollar in early trade today on strong month-end demand for the US currency from importers.

Forex dealers said dollar strengthening against other currencies overseas after the US Federal Reserve signalled it may raise interest rates in December weighed on rupee sentiment. Stock markets opening with losses too put pressure on the domestic unit.

Unlike the west, India does not have enough number of angel investors who can fuel the growth of the country's thriving start-up ecosystem, industry body Nasscom has said.

"For a successful start-up ecosystem there is need for enough angel investors who can support the budding entrepreneurs from early stage. But this is not happening in India and there is a serious lack of it," Nasscom Vice-President Rajat Tandon told PTI.

Foreign companies are in talks to buy a stake of up to 24% in Bina refinery in Madhya Pradesh, which is jointly owned by Bharat Petroleum Corp and Oman's state oil firm, BPCL's chairman told Reuters on Thursday.

The two owners want to boost the refinery's capacity by about 30% from 120,00 barrels per day (bpd), said BPCL Chairman S. Varadarajan.

State-run NTPC's Vindhyachal Super Thermal Power Station (VSTPS) will become country's largest power generating plant on Friday with the commissioning of another 500 MW unit.

The unit of Vindhyachal Super Thermal Power Station (Stage V) will be declared on commercial operation from "00:00 HRS of October 30, 2015", NTPC Ltd said in BSE filing.

New Delhi: Prime Minister Narendra Modi will meet the heads of state and government of 20 African nations on Wednesday, a day ahead of the 3rd India-Africa Summit in New Delhi.

Modi’s first bilateral meet during the summit will be with Zimbabwe president Robert Mugabe, who is visiting India after a gap of more than two decades, according to the ministry of external affairs website.

Recalling the first time he opened Facebook on a 2G connection, Engineering director Tom Alison said, “I felt like, ‘Whoa! It definitely tested my patience – it felt like parts of the product were just broken.” He also added, this initiative will help engineers “see the places that they need to improve our product, but they’re also going to see the places where they have made a lot of progress.”

He maintained that although most people with smartphones in the US use faster 3G or even 4G connections, millions of people all over the world are coming online for the first time with 2G. With that kind of connection, a webpage can take over 2 minutes to load.

Reliance Industries has regained the top slot among Indian energy companies on the Platts global list by surpassing state-owned Oil and Natural Gas Corp (ONGC) in the rankings for this year.

In all, 14 Indian energy companies made it to the 2015 Platts Top 250 Global Energy Company Rankings, a financial performance roster of publicly traded companies with assets greater than USD 5 billion.

The BSE Sensex and Nifty extended losses for a third consecutive session as investors remained cautious ahead of the conclusion of the US Federal Reserve’s meeting later in the day and the expiry of monthly derivatives contracts back home on Thursday. Sensex closed 213.68 points down at 27,039.76. Nifty closed 61.70 points down at 8,171.

In the 50-share index, Cipla, Kotak Mahindra Bank, Tech Mahindra, Ambuja Cements and ONGC gained between 1.40 per cent and 2.55 per cent. On the other hand, Axis Bank, ICICI Bank, Adani Ports, IndusInd Bank and YES Bank slid between 3 per cent and 7.20 per cent.

Having slapped orders against Sumangal Industries for running illicit money-pooling schemes, markets regulator Sebi today cautioned general public against any collective investment schemes run by the company and entities associated with it.

In a 'caution notice' issued today, Sebi said that it had passed an order in July 2013 against Sumangal Industries, wherein, the firm, its promoters/directors were directed to wind up the existing Collective Investment Schemes (CIS) and refund the money to investors within three months.

Axis Bank results have spooked the markets, not because of its numbers which were in line with analyst expectation but more on account of a sharp increase in impairments.

What has perturbed some analysts is that details of impairments were not provided in the profit and loss (P&L) account posted on the stock exchanges. Instead, a link in the auditor note was given to the bank's website where the details were mentioned.

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