Reliance Communications (RCom) today said stock exchanges BSE and NSE gave their go-ahead to its deal to acquire Russian conglomerate Sistema's Indian telecom unit, Sistema Shyam Teleservices Ltd (SSTL).

"We wish to inform you that we have received observation letter from BSE Ltd and National Stock Exchange of India Ltd (NSE)," Reliance Communications said in a BSE filing.

IT major Infosys today said the recent H1B visa fee hike by the US is likely to have less than 0.3% impact on its margins.

The company is also working on utilising other levers like increasing onsite recruitment to mitigate the situation in the longer term.

Bharat Heavy Electricals Limited (BHEL) added record capacity of 5,010 Mw of utility power projects in the first three quarters of the current financial year (2015-16). The company in a statement said that this is the highest ever capacity addition achieved by BHEL for the corresponding period in any financial year.

"In addition, projects aggregating to 2,270 Mw have also been synchronised by BHEL during this period and are available for capacity addition," said the company.

CHENNAI: Nasscom 10,000 Startup Program has partnered with department of industrial policy and promotion (DIPP), Government of India, along with other partners to host 'Startup India, Stand up India' event in Delhi on January 16.

The event will be addressed by Prime Minister Narendra Modi, Union ministers Arun Jaitley and Nirmala Sitharaman and DIPP secretary Amitabh Kant.

Tata Consultancy Services Ltd (TCS) on Tuesday said that its performance in the December quarter was pretty steady, barring the sharp decline in its India business. But analysts and investors are growing tired of such assessments. The company’s growth has fallen short of the Street’s expectations for six straight quarters now, and investors’ patience is running thin.

With a continuous fall in global crude oil prices, ONGC is reaping the benefits by awarding five offshore contracts at least 22% cheaper than the tender cost in 2015. The world’s biggest integrated energy companies, such Royal Dutch Shell, BP and Exxon Mobil, among others, are deferring and renegotiating drilling commitments, which is leading to the idling of rigs and services. This scenario offers an opportunity to ONGC to award development projects at discounted rates to boost output.

Reliance Industries (RIL) shares hit new 52-week high on Wednesday after reports that its subsidiary Reliance Jio Infocomm (RJIL) has received approval from the government’s green panel to build the Indian part of the Asia-Africa-Europe One (AAE-1) submarine cable under the Coastal Regulation Zone (CRZ).

At 1.56 pm, shares of RIL were trading 3.59 per cent up at Rs 1082.60. The scrip opened at Rs 1054.80 and had touched a high and low of Rs 1085.40 and Rs 1019.35, respectively, in trade so far. Sensex was up 51.90 points at 24733.93.

Capital market watchdog Sebi in collaboration with Paris-based think tank OECD will organise in February an international conference on key challenges facing the financial sector in terms of investor protection.

"Co-hosted by the Securities and Exchange Board of India (Sebi) and the OECD, with sponsorship from the Government of Japan, this seminar will focus on key developments and challenges facing financial consumer protection and education in the region," a statement on OECD's website about the event said.

Shares of Infosys have moved higher by 2.6% to Rs 1,077 on the BSE ahead of the third quarter results tomorrow on January 14, 2016.

A global leader in consulting, technology, outsourcing and next-generation services, will announce the results for its third quarter ended December 31, 2015 (Q3) on Thursday, January 14, 2016 around 8:45 a.m., Infosys said in a regulatory filing.

Coal India is making its biggest tech overhaul in four decades to check rampant theft and shed its image as an inefficient behemoth, spurred by an impending opening up of the sector to private firms for the first time since the 1970s.

The state-run company’s monopoly had allowed it to delay the use of modern technology common in international mining, but it cannot afford to wait any longer as the government is set to soon announce a plan to allow private competitors like Adani Group to mine and sell coal.

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