Shipment of smartphones to India may be increasing but the number of brands are declining as several small-time brands have either shut shop or suspended production. According to Counterpoint Research data, the number of smartphone brands in the country in January 2017 stood at 75, down from 110 in calendar year 2016. In January 2016, the number of brands stood at 85.

Most of the brands which have gone off-shelves were in the sub-R5,000 category.

Reliance Jio, from April 1, will become chargeable for 4G data services on its network. This is because the freebies are finally ending. Yet, Jio is offering data packs at really aggressive prices. Reliance Jio had announced its plans in the country in 2016, and since then an interesting tariff war among telecom companies has spewed. Many rivals like Airtel and Vodafone have accused Jio of disrupting the telecom market. In a bid to compete, rivals Vodafone, Airtel, BSNL and Idea Cellular have also announced similar offers.

New Delhi: State-run Bharat Heavy Electricals Ltd (Bhel) is planning to enter the aerospace sector.

India’s largest power generation equipment maker plans to collaborate with Indian Space Research Organization (Isro) for manufacturing space grade solar cells and partner for satellite launches. Bhel also plans to enter the maintenance, repair and operations (MRO) business for aircraft engines.

Indian shares fell on Friday as investors booked profits in recent outperformers, but were poised for a third straight gain on month fuelled by a crucial victory for India’s ruling party in a key state election and big foreign inflows into markets. The NSE index was down 0.2 percent at 9,153.35 as of 0618 GMT, while the benchmark BSE index was 0.3 percent lower at 29,562.59.

Reliance Industries shares surged in afternoon trade today, rising to an almost nine-year high, ahead of the start of paid telecom services by the company and release of the data on the number of ‘Prime’ subscribers on its Jio telecom service network. The shares of India’s second-largest company by market cap were trading at Rs 1,326.1 on BSE, up by a whopping 4.5% on Friday afternoon.

Reliance Industries shares are on a sustained rise on the prospects of cash flows from its telecom business, which has seen heavy investments so far.

Firms like NSEIT, TVS, and NCDEX e Markets are vying the lucrative coal-auction business from Coal India, so far handled by only two firms - state-owned MSTC Ltd and Mjunction, a joint venture between Tata Steel and SAIL – show documents available with DNA Money.

Coal India plans to sell 10% of its yearly output in the next three years via e-auctions. This means around 78 million tonne a year or a total of 235 million tonne during the entire period would be sold via e-auctions, translating into handsome revenues for those who would be conducting the sale.

Hyundai Motor, the first automaker to mass-produce fuel-cell vehicles, plans to unveil a new hydrogen-powered SUV next year with longer driving range than rival offerings by Toyota Motor and Honda Motor as it attempts to reclaim leadership in the field.

South Korea’s largest automaker will show off the new model along with a new fuel-cell bus early next year during the Winter Olympic Games in Pyeongchang, Kim Sae-hoon, who oversees the technology at the Seoul-based automaker and affiliate Kia Motors, said in an interview.

Kotak Mahindra Bank on Thursday said it has received board approval to raise equity capital by issuing up to 62 million shares, which, according to the closing price of Rs 865 a share on Thursday on the BSE, amounted to Rs 5,363 crore.

The face value of the share would be Rs 5 each.

Thanks to aggressive acquisition of oil assets abroad, government-owned BPCL and ONGC are set to overtake Reliance Industries in overseas fundraising in 2016-17. Reliance was the topper among corporate India in raising funds during the past five years.

The change in the league tables comes against a backdrop of a slowdown in fundraising by Indian corporates during the year. Overseas fundraising by Indian companies slowed to $19.02 billion in 2016-17 from $21.06 billion in 2015-16.

With a view to populate NEXA and better target the premium buyers, Maruti Suzuki will now sell the Ciaz, its mid-sized sedan, from the premium sales network.

Ciaz will join the existing NEXA line-up of S-Cross, Baleno and Ignis from April 1.

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