Reliance Communications (RCom) said the Telecom Disputes Settlement Appellate Tribunal (TDSAT) had allowed it to complete its spectrum sale deal without having to pay a bank guarantee of Rs 29 billion. The guarantee had been demanded by the department of telecommunications (DoT).

The Anil Ambani-owned company said it would get Rs 9.75 billion from sale of spectrum, of which it was to give Rs5.5 billion to Ericsson.

A special court has imposed a fine of Rs 200,000 on a director of Adhunik Corporation Ltd, accused in a coal scam case, for violating bail conditions by going abroad without its prior permission.

However, Special CBI Judge Bharat Parashar did not cancel the bail after the accused — Mahesh Kumar Agarwal — tendered "unconditional apology" with an undertaking that no such occasion will arise in future, and the Judge directed him to deposit the fine amount in 'Kerala Chief Minister's Distress Relief Fund'.

Country's largest carmaker Maruti Suzuki India (MSI) Wednesday said it is recalling 640 units of its light commercial vehicle Super Carry sold in the domestic market to inspect and fix a possible defect in the fuel pump supply.

The recall covers Super Carry units manufactured between January 20 and July 14, 2018, MSI said in a statement.

Refreshing its Surface laptop line-up, Microsoft has announced four new products — Surface Pro 6, Surface Studio 2, Surface Laptop 2 and first-ever Surface Headphones — along with new innovations in Windows and Office 365.

At an event in New York on Tuesday, Microsoft also announced that the Windows 10 October 2018 update has arrived for its users.

Larsen & Toubro (L&T) Wednesday said its buildings and factories business has won Rs 30.36-billion order from Bangalore International Airport Ltd (BIAL) to construct terminal-2 of the Kempegowda International Airport, Bengaluru.

"The scope of work includes design, engineering, procurement, construction, testing and commissioning of terminal-2

State-owned Oil and Natural Gas Corp (ONGC) is not in a hurry to sell its stake in Indian Oil Corp and GAIL (India) and will wait for the right price before offloading the shares, a senior company official said.

ONGC holds 13.77 per cent stake in oil refiner IOC and 4.86 per cent in gas utility GAIL India.

Tata Consultancy Services (TCS) has offered about 1,000 freshers with new-age digital skills almost double the salary it normally pays those coming out of campuses. While the entry-level salary of Indian engineers in the IT industry has been stuck at about Rs 3.5 lakh per annum for the past decade, TCS is offering those with digital skills a starting salary of about Rs 6.5 lakh.

Shares of YES BankN extended their rally for the second straight session after the lender said it is fully geared up for the succession plan for the post of its MD and CEO and will finalise two external experts for the search committee by October 7.

“The bank is fully geared for the MD & CEO’s succession. Pursuant to the board of directors meeting dated September 25, 2018, the two external experts of the Search & Selection Committee will be finalised by October 7, 2018," Yes Bank said in a statement.

The BSE Sensex fell over 200 points and the NSE Nifty dropped below the 11,000-level in early trade Wednesday after the rupee dropped to a new low amid sustained foreign fund outflows and surging crude oil prices.

The BSE 30-share barometer fell 231.08 points, or 0.63 per cent, to 36,295.06 after hitting a low of 36,325.15.

Coal India is in talks with an Australian coal mining company to pick up a stake in the range of 20-30 per cent. If the deal materialises, it will ensure a steady supply of coking coal to Indian steel and allied companies.

The country’s coal giant plans to set up an office in Brisbane this year and the pact will mark its second foray into foreign shores, the first being in Mozambique way back in 2009.

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