State-run BSNL will launch free roaming, starting today, which will allow all its mobile customers across the country to receive incoming calls at no cost.

“Now BSNL mobile customers will not need to carry multiple SIMs and handsets during roaming. They are free to talk as long as they want without worrying of any charges during incoming calls.

Erasing its initial losses, the benchmark BSE Sensex rose over 50 points in morning trade in Monday. At 10.30 am, Sensex was up 66.12 points at 26,491.42. Nifty was up marginally up 2.55 points at 7,985.45 during the same time.

Earlier, the Sensex fell over 117 points in early trade on continued capital outflows by foreign funds and selling by investors despite improved IIP numbers and steady inflation data. The NSE Nifty shed 38.05 points, or 0.47 per cent, at 7,944.85.

KOLKATA: NTPC is on the prowl again. Armed with a reserve of about Rs 5,000 crore, this time the nation's largest power company intends to take over stressed power generation assets from central and state sector units. It is at present in talks with three such entities in Rajasthan, Madhya Pradesh and West Bengal, a person with knowledge of the plan said.

To own such power plants, NTPC is proposing to create joint ventures with state governments where it will take a majority stake. It had previously looked at acquiring private power assets, but the plan hasn't taken off as expected.

NEW DELHI: India's two-wheeler market is throwing up some interesting data, with the top two players way ahead of the next two and pushing smaller players to the fringe in a slowing market. The local two-wheeler unit of Japanese Honda Motor is still quite a distance behind No. 1 Hero MotoCorp, but is steadily narrowing the gap. Honda has already become bigger than Bajaj Auto and TVS Motors together, selling more units in the April-May period than the combined sales of the two once mighty rivals.

Shares of Infosys were trading flat at Rs 990 on the Bombay Stock Exchange (BSE), after the stock turned ex-bonus today in the ratio of 1:1.

The stock hit a high of Rs 995 and a low of Rs 969 on the BSE. Till 0935 hours, a combined 497,802 shares changed hands on the counter on the NSE and BSE.

The agribusiness-to-cigarette conglomerate ITC Ltd is reportedly planning to invest about Rs 4000 crore in expanding paper production capacity of Bhadrachalam Paper Board in Telangana. Capex is a part of Rs 8000-crore investment plan announced by Y C Deveshwar, chairman of ITC, on June 12, 2015 during the launch of the Telangana government's new industrial policy, which promises super fast single window approvals and zero tolerance to corruption. Half of the said investment is expected to go into building new hotels and a new food processing plant in Medak district of Telangana.

The Street is cautious about the prospects of Reliance Industries’ (RIL) telecom service launch and its ability to achieve early break-even. In addition, monetisation of the domestic exploration and production (E&P) business is a few years away. Lower oil and gas prices also suggest that the near-term prospects of overall E&P are muted. Analysts say, in the initial phase, Reliance Jio is expected to be a drag on RIL’s profits. This is due to high depreciation and interest costs accompanied by initial expenses of launch and ramp-up, all of which will be much more than the telecom business Ebitda (earnings before interest, taxes, depreciation and amortisation) generated, even if adoption is relatively quick.

The country’s top dry-fuel miner Coal India Limited (CIL) has become the sixth-largest mining company in the world in terms of market capital, says a recent PwC report.

Earlier, the company was at the eighth spot among top 40 global mining firms, according to the report.

MUMBAI: India's richest man Mukesh Ambani, owner of energy-to-retail conglomerate Reliance Industries (RIL), will launch fourth generation (4G) telecommunications services by December this year as he promises to offer 4G-enabled handsets for less than Rs 4,000 along with voice and data monthly plans between Rs 300 and Rs 500. The aim is to reach 10 crore consumers within the first year of launch. Reliance's 4G service will offer high-speed internet at 1/10th the cost of the current plans available in the market.

MUMBAI: The country's largest lender State Bank of India (SBI), which recently cut its lending rates by 15 basis points, has waived processing fees as an incentive to those wanting to shift their existing home loans to the bank. SBI is also offering borrowers a top-up option, where the borrower can raise more than his outstanding loan account.

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