Ratnagiri Gas and Power Private Limited’s (RGPPL) efforts to build a breakwater facility and ramp up production at an LNG regasification unit have been stalled, with key promoter NTPC declining to pump in the required R600 crore. Bankers told FE the state-owned energy major is reluctant to put in its share of money unless a long-term power purchase agreement (PPA) is signed with Indian Railways.

Shares of oil marketing companies (OMCs) such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) were trading higher in the early trade on Friday after they revised fuel prices. Petrol prices increased by 0.58 per litre while diesel prices decreased by Rs 0.31 per litre.

IOC shares advanced as much as 0.9 per cent in the early trade. At 9.35 am, the scrip was trading 0.60 per cent up at Rs 561.85.

To collect funds for repayment to investors, markets regulator Sebi will next month conduct an auction of three properties of West Bengal-based Tower Infotech Ltd, which had garnered money through illegal pooling schemes.

The Securities and Exchange Board of India (Sebi) has initiated the process for sale of assets of Tower Infotech Ltd, as per an order from Calcutta High Court, under which the auction would be conducted for sale of the company's assets.

Reliance Industries (RIL) was up 2.2% at Rs 1,089, extending its Thursday’s 2% gain on the BSE. The stock is currently trading close to its 52-week high of Rs 1,090 touched on January 15, 2016 in intra-day trade.

In past two-weeks, the stock has outperformed the market by gaining 7.5% as compared to 0.72% rise in the Nifty 50 index.

India's largest mobile payment and commerce platform, Paytm has emerged as the most credible and convenient payment option on the IRCTC platform.

The Paytm Wallet is already accepted on the IRCTC platform and this native integration of Paytm's payment gateway to IRCTC's app is a showcase of its trust in Paytm's technology.

The total addressable market for the Indian business process management (BPM) sector is expected to be $54 billion by 2025, growing at eight to nine per cent yearly, says Nasscom, the apex body of the information technology and BPM sector.

Over the next five to seven years, global BPM spending is expected to grow six to seven per cent annually and reach $233 bn by 2020, it said.

Maruti Suzuki’s spares and accessories segment is growing at a significantly higher rate than car sales. The country’s largest carmaker’s domestic volumes grew around 11 per cent last year. But its auto parts segment posted a strong growth of 19 per cent. This has become a revenue-spinner for the company, earning ~5,571 crore in FY16. Nearly one-tenth of the company’s revenue of Rs 58,208 crore last year came from spares and accessories.

The combined carrier of Reliance Communications (RCom) and Aircel is looking at raising $1 billion from foreign financial investors, even as it looks to create a war chest for expansion - mainly in data-led opportunities.

The Anil Ambani-owned RCom and Aircel had, on Wednesday, announced the merger of their wireless business to create the country’s fourth-largest telecom operator. The merger is likely to be consummated by the first half of 2017.

NEW DELHI: Telecom regulator Trai has decided to reject the demand of incumbent mobile operators such as Bharti Airtel, Vodafone and Idea Cellular for an increase in the fee that they charge from Reliance Jio to terminate its calls on their networks.

The regulator has also asked the incumbent operators to provide "requisite number" of interconnect points to Jio "at the earliest" and ensure that consumers are not put at an inconvenience due to lack of connectivity, sources told TOI.

It seems that Suresh Prabhu-led Indian Railways’ scheme to offer insurance cover for rail yatris has become a big hit among passengers. Railway Minister Suresh Prabhu today tweeted, “No. of people opting for new insurance scheme crossed 4 million mark. Scheme a great success! One among many passenger friendly initiatives.” Prabhu had during his Railway Budget 2016 announced that Railways will provide the facility of optional travel insurance at the time of booking.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.