As global oil prices drop below $50 a barrel, creating a favourable economic outlook and a base for further fuel subsidy reforms, Prime Minister Narendra Modi wants measures to take advantage of this environment.

Besides oil, rising labour costs in China is in India's favour, as it raises our attractiveness for foreign companies which are keen to set up manufacturing units.

The Indian markets on Friday ended lower for a sixth straight day due to disappointing third quarter numbers posted by blue-chip companies, including Tata Motors.

Concerns that the Bharatiya Janata Party (BJP) might face defeat in the Delhi Assembly elections also weighed on investor sentiment.

The Securities Appellate Tribunal (SAT) has reserved its order in DLF's appeal against the stock market regulator.

The real estate major had appealed against a Securities and Exchange Board of India (Sebi) order which barred the company and key officials from the market for three years. The ban was on account of disclosure violations related to its 2007 initial public offer (IPO).

After unleashing an excitement through its new cars fitted with auto gear shift (AGS) technology, country’s top car maker Maruti Suzuki is marching ahead with growing volumes of those models.

Compared to fully automatic versions, AGS or AMT (automated manual transmission) variants appear to be working as a better value proposition for customers considering the relatively smaller price premium to the manual variants as also relatively lower maintenance costs vis-a-vis conventional automatic cars.

MUMBAI: The government is working on innovative ways of financing infrastructure projects to ensure that India moves into a trajectory of non-inflationary growth. Finance minister Arun Jaitley, who will present his first full Budget this month, said on Monday that the government would soon come out with several new structures to fund projects.

Responding to a question from Reliance Industries chairman Mukesh Ambani on how the government plans to finance infrastructure projects, Jaitley said that the government will, in addition to increasing public funding, also put in place a mechanism to convert domestic savings into long-term project finance.

MUMBAI: Reliance Industries' (RIL's) nationwide 4G spectrum was a deciding factor in State Bank of India (SBI) agreeing to pick up a 30% stake in the payments bank that Mukesh Ambani's flagship company plans to launch. RIL is expected to roll out its 4G services under the name 'Jio' this year and has announced investments of over Rs 70,000 crore in the telecom business.

Explaining the rationale behind partnering the energy giant, SBI chairman Arundhati Bhattacharya said, "The payments bank has been brought out by RBI to improve financial inclusion and to ensure ease of small-value payments. This requires a strong technology platform as well as spectrum. RIL has a good pan-India spectrum. They also want to launch a 4G offering which is good for data."

MUMBAI: Tata Consultancy Services and Cognizant widened their lead over the rest of the Indian IT industry in 2014 and increased their strength in verticals such as banking and financial services, making it hard for other players to catch up.

The lead being developed by TCS, the number one player in the Indian IT industry, and Cognizant, a close runner-up, has been in the making for more than five years.

Mumbai: Anil Ambani-led Reliance Communications Ltd (R-Com) said on Friday that it has signed a five-year, multimillion dollar agreement with Avaya Inc., which will improve its call centre operations. The size of the deal was not disclosed.

Reliance Communications will have digitally enabled customer engagement call centres in the country powered by Avaya, which will provide better customer experience.

Looking to increase fund flows from overseas investors, the Securities and Exchange Board of India (Sebi) on Thursday allowed Foreign Portfolio Investors (FPIs) to invest their coupons received on investments in government securities back into such bonds.

These investments would be allowed even after FPIs have fully utilised the applicable limits of $30 billion, Sebi said in a circular.

Heavy security will be in place at 12083 polling stations that will be manned by 65791 polling personnel for Saturday’s single-phase day-long casting of votes by over 13 million eligible voters to elect the next Delhi Assembly.

A total of 12083 electronic voting machines (EVMS) will be in use to allow 1, 33, 14, 215 persons to vote throughout Saturday.

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