Japan has agreed to modernise 400 railway stations across the country, while participating in Indian Railways' investment of $140 billion (approximately Rs 9.3 lakh crore ), over the next five years.

A Japanese delegation will soon visit India to study the opportunities for industries in the railway station development plan of railways as the public transporter has identified 400 stations to be upgraded in private investment, an official release said on Wednesday.

Reliance Industries has expressed its readiness to pump in more money to create an ecosystem to build high-value start-ups with an objective to put the country on the global map as a start-up and innovation hub at par with Israel and the Silicon Valley by 2022.

GenNext Innovation Hub, RIL's startup accelerator programme run in partnership with Microsoft Ventures, has inducted its second batch of 10 startups this week, which includes two Israeli companies, with a view to bring global exposure to the fledgling startup ecosystem in the country.

As part of its global expansion drive, two-wheeler major Hero MotoCorp plans to set up manufacturing facilities in Mexico, Argentina and Brazil and expects to utilise the new Colombian plant as a hub to export to nearby countries.

“Going forward in terms of manufacturing facility, we are looking at some other countries in the region like Mexico, Argentina and Brazil,” Hero MotoCorp’s Chairman, Managing Director and CEO Pawan Munjal told PTI.

NTPC, the largest power utility in the country, exceeded its capex (capital expenditure) target of Rs. 22,400 crore and recorded Rs.23,239 crore for the year ended March 31, 2015.

“Achieving such a huge capex targets is, in itself, a herculean task; exceeding these huge targets for two successive financial years has been an extraordinary achievement of the company. The capex of the company has doubled in the past five years. This should further strengthen shareholders confidence in the ability of team NTPC to achieve its ambitious targets, said Mr.

SEBI has barred Moongipa Investments and its directors from the capital markets after finding them guilty of misusing clients’ funds and securities.

Besides, Securities and Exchange Board of India (SEBI) has ordered impounding of financial assets of these entities.

Hike Messenger, which is headed by Kavin Mittal, son of telecom czar Sunil Mittal, today launched free group calling with a facility of connecting up to 100 people.

The calling feature, which will work over 4G and wi-fi to begin with is available on Android currently while iOS and Windows will be followed by end of the year, the company said in a statement.

KOLKATA: The spectrum trading rules could put a spanner in the ongoing, exclusive merger talks between Anil Ambani-led Reliance Communications (RCom) and Russia's Sistema JSFC as the deal cost may swell by an extra $600 million (roughly Rs 3,980 crore), two senior executives aware of the matter said.

This is since the rules approved by the government on Wednesday say that for 800 MHz airwaves acquired in the March 13 auctions, trading will be allowed only if the differential of the price discovered in the latest auction (March 2015) and the March 2013 price on the balance period is paid to the government.

KOLKATA: Coal India's plan to double production to almost 1 billion tonnes by 2020 hinges precariously on the successful completion of 25 key projects that are meant to deliver half the targeted output.

For most of these projects, land is yet to be acquired, environmental approvals have to be obtained and transportation of coal by rail, known as evacuation, has to be arranged.

The Telecom Regulatory Authority of India (TRAI) will issue final recommendations by mid-October on compensation to be paid by the mobile operators to their customers on the issue of call drops.

TRAI Chairman RS Sharma said that the telecom regulatory body have floated a paper relating to compensation and have sought comments from operators after which there will be an open house discussion.

Car sales in India rose 6.06% in August, the 10th consecutive month of growth as the auto industry continues its drive on a slow road to recovery partly driven by new model launches.

However, according to the Society of Indian Automobile Manufacturers (SIAM) a major concern is the declining sales of motorcycles, which saw a drop of 9.59% in August due to demand slump in rural markets.

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