KOLKATA: The spectrum trading rules could put a spanner in the ongoing, exclusive merger talks between Anil Ambani-led Reliance Communications (RCom) and Russia's Sistema JSFC as the deal cost may swell by an extra $600 million (roughly Rs 3,980 crore), two senior executives aware of the matter said.

This is since the rules approved by the government on Wednesday say that for 800 MHz airwaves acquired in the March 13 auctions, trading will be allowed only if the differential of the price discovered in the latest auction (March 2015) and the March 2013 price on the balance period is paid to the government.

KOLKATA: Coal India's plan to double production to almost 1 billion tonnes by 2020 hinges precariously on the successful completion of 25 key projects that are meant to deliver half the targeted output.

For most of these projects, land is yet to be acquired, environmental approvals have to be obtained and transportation of coal by rail, known as evacuation, has to be arranged.

The Telecom Regulatory Authority of India (TRAI) will issue final recommendations by mid-October on compensation to be paid by the mobile operators to their customers on the issue of call drops.

TRAI Chairman RS Sharma said that the telecom regulatory body have floated a paper relating to compensation and have sought comments from operators after which there will be an open house discussion.

Car sales in India rose 6.06% in August, the 10th consecutive month of growth as the auto industry continues its drive on a slow road to recovery partly driven by new model launches.

However, according to the Society of Indian Automobile Manufacturers (SIAM) a major concern is the declining sales of motorcycles, which saw a drop of 9.59% in August due to demand slump in rural markets.

The benchmark BSE Sensex recovered over 204 points in early trade on Friday on buying in select blue-chip stocks ahead of IIP and inflation data to be released later in the day amid mixed global cues.

The 30-share index rose by 204.65 points or 0.80% at 25,826.82 in early trade. All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25%.

Reliance Industries has expressed its readiness to pump in more money to create an ecosystem to build high-value startups with an objective to put the country on the global map as a start-up and innovation hub at par with Israel and the Silicon Valley by 2022.

GenNext Innovation Hub, RIL's startup accelerator programme run in partnership with Microsoft Ventures, has inducted its second batch of 10 startups this week, which includes two Israeli companies, with a view to bring global exposure to the fledgling startup ecosystem in the country.

Mumbai: Bharat Petroleum Corp. Ltd (BPCL) will be investing Rs1 trillion between 2016 and 2021 for its next phase of growth, as lower crude price and reduced losses on fuel sales gives the company more headroom for business expansion.

The investments are mainly targeted towards increasing the company’s refining capacity by 40%, branching into the petrochemicals sector, expanding in the city gas distribution business and establishing itself as an oil and gas explorer and producer, the company informed the media on Wednesday.

Maruti Suzuki on Thursday launched a limited edition model of the WagonR, the WagonR Avance at a starting price of Rs 4.30 lakh.

Aimed at cashing in on the festive season, Maruti Suzuki has launched the WagonR Avance in two variants -- LXi Petrol and LXi CNG. The limited edition car will be available in three colours -- Superior Whilte, Glistening Grey and Silky Silver.

Tata Motors on Thursday said it is expecting business of Rs 600 crore for supplying buses under the Centre's urban renewal programme JNNURM, the second phase of which is underway.

"As far as the orders go for JNNURM, around 50% of the total orders are placed with Tata motors. But the company has taken lead in supply of vehicles under this scheme. So if you take the supplies, it is around 65% of the total buses that are rolled out under this scheme," V S Noronha, Vice President, Tata Motors, told PTI.

The booming e-commerce sector is adding more millionaires into the super-rich list, as per a list compiled by Shanghai-based Hurun Report.

Flipkart promoters Sachin and and Binny Bansal - who are unrelated to each other - top the list with a net worth of Rs 9,000 crore each,.

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