WASHINGTON: Prime Minister Narendra Modi Tuesday said there is new confidence and new excitement in the India-US relationship and said that both sides need to work to bring down the difference in their energy systems -- 120 volts (US) and 220 volts (India) -- to bring them together.

Speaking ahead of a luncheon hosted by Vice President Joe Biden, Modi said that India was ready to march ahead, step by step and in tune with the US and want to select those parts that take us to the welfare of the world and humankind and strengthen democracy and help small nations, and we are confident we will put our energies to this effort.

On his maiden visit to India after taking over as Chief executive officer (CEO) of Microsoft Corp, Satya Nadella announced that the company would set up local data centres in the country. Microsoft will offer cloud services from its Azure and Office 365 stacks to local business and government clients. The move is expected to give Microsoft a leg-up over competitors Google and Amazon.com, which offer similar cloud and office productivity suites to businesses.

Data centres in India will enable access to customers in banking and financial services, as well as the central and state governments, which are restrained by regulations that require data to be hosted within the country. New initiatives of the government such as Digital India, smart cities and the financial inclusion scheme-Jan Dhan Yojana, offer significant opportunity for hosting data and cloud services. Microsoft’s centres in three cities will be operational by the end of 2015.

Reliance Communications (RCom) is aiming to bring down its record high debt of Rs 35,500 crore to less than Rs 20,000 crore in the next two years, Anil Dhirubhai Ambani Group (ADAG) chairman Anil Ambani said here on Tuesday.

Addressing successive annual general meetings of his group companies, Ambani said RCom would participate in spectrum auctions when they come up next year to launch fourth-generation (4G) telecommunications services in the country.

Maruti Suzuki India (MSI) on Tuesday announced recall of 69,555 units of the Dzire, Swift and Ritz models manufactured between March 2010 and August 2013 to repair wiring harness fitment.

The recall is only for diesel variants of the three models. Of the total, 55,938 units are of the old Dzire, 12,486 units of the old Swift and 1,131 units of the Ritz, which were manufactured between March 8, 2010 and August 11, 2013, the company said.

At the annual shareholders' meeting of Tata Motors (then Tata Engineering and Locomotive Company, or Telco) in August 2001, Ratan Tata offered to resign from the company's chairmanship if shareholders so wished. Though Tata's offer remained just that - merely an offer - quite a few shareholders and analysts criticised the management strategy of transforming Telco into a full-fledged passenger car maker.

Microsoft announced its 'Windows 10' operating system on Tuesday to replace the largely unpopular Windows 8, skipping a number to mark a leap toward a new system aimed at unifying computing and mobile devices.

The next version of Microsoft's flagship product, which still runs the vast majority of personal computers, is aimed at recapturing the lucrative business market, which generally ignored the new-look Windows 8.

National Thermal Power Corporation (NTPC) and Gujarat government run Gujarat State Electricity Corporation Ltd (GSECL) today inked a memorandum of understanding (MoU) to swap one million tonne of coal. The arrangement is likely to help both the companies save Rs 378 crore per one million tonne.

The agreement between NTPC and GSECL has been signed after a proposal for swapping coal was submitted to the Central Government two years back. Recently, the proposal of the Gujarat government was considered and approved by the Narendra Modi-led central government.

After the launch of its feature-rich 110 cc scooter Gusto, Mahindra Two Wheelers, part of the $ 16 billion Mahindra Group, is planning to launch its 300 cc bike Mojo within the end of this fiscal. This would mark the company’s entry into a niche and premium segment of two-wheelers, and is part of its strategy to gain a strong foothold of the Indian two-wheeler market.

The bike was show-cased during the Auto Expo earlier this year and according to industry sources it was also showcased to dealers in August. Dharmendra Mishra, vice president, sales and customer care, Mahindra Two Wheelers Ltd said that the company was planning to launch the 300 cc bike Mojo within this fiscal.

Larsen and Toubro (L&T) has moved higher by 2% to Rs 1,490 after the company said it has won new orders worth Rs 1,423 crore across various business segments in September 2014, including order from Lucknow Metro Rail Corporation.

The company’s heavy civil infrastructure business has bagged a Rs 631 crore prestigious order from the Lucknow Metro Rail Corporation Limited for the construction of the Lucknow Metro, L&T said in a statement.

The Karnataka High Court today adjourned J Jayalalithaa's bail plea hearing to October 6, 2014.

The order means that the former TN chief minister will have to stay in jail for at least a week.

The Court adjourned the case due to confusion in the appointment of a public prosecutor.

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