New Delhi: India plans to shift to Euro-VI emission compliant petrol and diesel by 2020 to cut carbon pollution, oil minister Dharmendra Pradhan said on Thursday.

“We already have BS-III, equivalent to Euro-III specifications, across the country and BS-IV, in major cities which will shortly be extended to the entire country. A revised Auto Fuel Policy is in the offing which will lead to introduction of BS-VI fuels by 2020,” he said.

The benchmark BSE Sensex fell over 93 points to slip below the 27,000-mark in early trade on Thursday as participants cut down bets in view of the October series expiry in the derivatives segment amid weak Asian cues.

The 30-share barometer fell 93.42 points, or 0.34 per cent, to 26,946.34 after opening in positive zone. The gauge had lost 431.03 points in the previous three sessions.

Just Dial share price slid as much as 8 per cent on Thursday after the company reported lower-than-expected second quarter earnings on Wednesday post market hours. For the quarter ended September 30, 2015, the company posted net profit of Rs 46.30 crore, up 47.03 per cent, against Rs 31.49 crore in the corresponding quarter a year ago. Net sales of the company jumped 16.19 per cent year-on-year to Rs 171.27 crore.

The Telecommunications Regulatory Authority of India (TRAI) and mobile phone operators on Thursday decided to meet every two weeks, to sort out issues and concerns surrounding call drops.

In a meeting held on Thursday, the two sides had decided that the joint team of officials from TRAI and mobile phone companies would assess the test results on networks, planned in Delhi, Mumbai, and five other cities by December. The scope of the network tests is also likely to be expanded.

Yes Bank Ltd, on Thursday reported a 26.5% increase net profit during the July-September quarter at Rs 610.4 crore, compared to a year earlier, helped by an increase in net interest income and stable asset quality.

The Mumbai-based private lender’s operating income grew 24.7% during the fiscal second-quarter to Rs 1091.1 core, it said.

MUMBAI: About 20 commercial banks have initiated talks with the department of posts for a strategic tie-up with its proposed payments bank India Post Payments Bank.

Department of posts is among the eleven applicants to have received approval from the Reserve Bank of India (RBI) to float a payments bank. The tie-up will involve payments banks sourcing loans for commercial banks, while commercial banks will offer credit cards to customers of payments banks.

The rupee depreciated by 27 paise to 65.20 against the dollar in early trade today on strong month-end demand for the US currency from importers.

Forex dealers said dollar strengthening against other currencies overseas after the US Federal Reserve signalled it may raise interest rates in December weighed on rupee sentiment. Stock markets opening with losses too put pressure on the domestic unit.

Unlike the west, India does not have enough number of angel investors who can fuel the growth of the country's thriving start-up ecosystem, industry body Nasscom has said.

"For a successful start-up ecosystem there is need for enough angel investors who can support the budding entrepreneurs from early stage. But this is not happening in India and there is a serious lack of it," Nasscom Vice-President Rajat Tandon told PTI.

Foreign companies are in talks to buy a stake of up to 24% in Bina refinery in Madhya Pradesh, which is jointly owned by Bharat Petroleum Corp and Oman's state oil firm, BPCL's chairman told Reuters on Thursday.

The two owners want to boost the refinery's capacity by about 30% from 120,00 barrels per day (bpd), said BPCL Chairman S. Varadarajan.

State-run NTPC's Vindhyachal Super Thermal Power Station (VSTPS) will become country's largest power generating plant on Friday with the commissioning of another 500 MW unit.

The unit of Vindhyachal Super Thermal Power Station (Stage V) will be declared on commercial operation from "00:00 HRS of October 30, 2015", NTPC Ltd said in BSE filing.

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