Shares Bharti Infratel has surged nearly 13% to Rs 372 in early morning trade, also its record high on the National Stock Exchange (NSE), on back of heavy volumes.

At 0944 hours, a combined 1.26 million shares already changed hands against an average around 1.5 million shares that were traded daily in past two weeks on NSE and BSE.

This past week we have seen a lot of bans being imposed on companies, and after the likes of Uber and similar app-based cab services, now it is Xiaomi that is in the crosshairs. The Delhi High Court has passed an interim injunction that stops the Chinese smartphone company from importing, selling or advertising its devices in India, Medianama reports. Xiaomi’s Manu Jain has responded to BGR India's email saying.

Despite hiccups, Bajaj Auto's yet another gamble with the Discover brand has paid off. Launched nearly four months ago, the stylish Discover 150 has become a runaway success for the Pune-based company, with customers lining up for an upgrade.

Being the fourth model under the Discover banner, the bike is the cheapest motorcycle in its class, and faces competition from five companies that share more than a dozen models between them.

The delay in the commissioning of NTPC’s R10,000-crore-Barh-I power project in Bihar, where Russian company TPE is a contractor, will figure prominently in the talks between Prime Minister Narendra Modi and visiting Russian President Vladimir Putin on Thursday.

Given the upcoming Bihar polls, the Modi government wants see early commissioning of the project, which has been delayed by three years due to slow work by TPE, a power equipment supplier fully owned by the Russian government. Sources said TPE has told NTPC it will be able to complete the project in 2017 only. The Indian power generator is in favour of changing the contractor so that pending work could be fast-tracked.

Markets extended losses after opening marginally lower, amid weak global cues, with auto and capital goods shares leading the decline.

By 9:35, the Sensex was lower by 220 points at 27,611 mark and the Nifty slipped by 64 points at 8,291 mark.

Realty firm DLF Limited said it had taken all the required approvals for the development of housing project at Kochi and would take appropriate measures after reading the recent order of Kerala High Court.

The company was reacting to the Decemeber 8 Kerala High Court order directing it to demolish certain portions of its apartment complex, constructed on the banks of Chilavanoor backwaters in Kochi in violation of Coastal Regulation Zone (CRZ) norms.

Aiming to tap the e-commerce market, Tata Housing will sell a luxury residential project, being developed in Bangalore at a cost of Rs 150 crore, exclusively during Google’s online shopping festival starting today.

The company will construct 75 independent homes and row housing in this 5-acre project. The price of each unit starts from Rs 3.5 crore.

Sports utility vehicle market leader, Mahindra & Mahindra is reportedly planning to takeover National Electric Vehicle Sweden AB (NEVS), the holding company that purchased assets of Saab Automobile two years ago, according to documents filed in a local Swedish court.

NEVS, which ran into financial difficulties, signed a term sheet with M&M two weeks ago to begin intense negotiations.

The Uber cab driver accused of raping a 27-year-old executive has been a serial sexual offender and was out on bail in a rape case in 2013 besides being involved in similar case in 2011, police said today calling him a "big time rogue".

32-year-old Shiv Kumar had allegedly raped a woman in Mainpuri in Uttar Pradesh last year and was involved in at least two more cases including molestating another woman, investigators said.

The country’s largest lender, State of Bank of India (SBI), said it was ruling out a cut in lending rates till credit demand picked up, to compensate for loss in interest income.

A cut in lending rate immediately impacts the income. When volumes are thin (of the credit pipeline), it is difficult to reduce these rates, SBI Chairman Arundhati Bhattacharya told reporters on Tuesday.

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