The benchmark BSE Sensex recovered over 204 points in early trade on Friday on buying in select blue-chip stocks ahead of IIP and inflation data to be released later in the day amid mixed global cues.

The 30-share index rose by 204.65 points or 0.80% at 25,826.82 in early trade. All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25%.

Reliance Industries has expressed its readiness to pump in more money to create an ecosystem to build high-value startups 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.

Mumbai: Bharat Petroleum Corp. Ltd (BPCL) will be investing Rs1 trillion between 2016 and 2021 for its next phase of growth, as lower crude price and reduced losses on fuel sales gives the company more headroom for business expansion.

The investments are mainly targeted towards increasing the company’s refining capacity by 40%, branching into the petrochemicals sector, expanding in the city gas distribution business and establishing itself as an oil and gas explorer and producer, the company informed the media on Wednesday.

Maruti Suzuki on Thursday launched a limited edition model of the WagonR, the WagonR Avance at a starting price of Rs 4.30 lakh.

Aimed at cashing in on the festive season, Maruti Suzuki has launched the WagonR Avance in two variants -- LXi Petrol and LXi CNG. The limited edition car will be available in three colours -- Superior Whilte, Glistening Grey and Silky Silver.

Tata Motors on Thursday said it is expecting business of Rs 600 crore for supplying buses under the Centre's urban renewal programme JNNURM, the second phase of which is underway.

"As far as the orders go for JNNURM, around 50% of the total orders are placed with Tata motors. But the company has taken lead in supply of vehicles under this scheme. So if you take the supplies, it is around 65% of the total buses that are rolled out under this scheme," V S Noronha, Vice President, Tata Motors, told PTI.

The booming e-commerce sector is adding more millionaires into the super-rich list, as per a list compiled by Shanghai-based Hurun Report.

Flipkart promoters Sachin and and Binny Bansal - who are unrelated to each other - top the list with a net worth of Rs 9,000 crore each,.

China’s economic headaches will impact Alibaba’s sales as consumers shy away from spending, but the e-commerce giant hopes that Singles’ Day in November will help get things back on track.

In a discussion with Citigroup analyst Thomas Chong during a tech conference held by the research firm on Tuesday, Alibaba head of investor relations Jane Penner said the company continues to see high user engagement on its platforms, including mobile apps, but lower average order volumes.

Mumbai: Nestle India Ltd will bring Maggi back to the market by relaunching what it terms the “big hitters” first—these are six of the nine variants of the instant noodles brand.

Following the Bombay high court ruling of 13 August that set aside the 5 June ban imposed by the Food Safety and Standards Authority of India (FSSAI) as being arbitrary and “a violation of natural justice”, Nestle is now hopeful that the brand will be back on shelves by end of the year.

India’s capital market regulator is unlikely to intervene in the ongoing standoff between Castex Technologies Ltd and the holders of its foreign currency convertible bonds (FCCBs).

The bondholders have urged the Securities and Exchange Board of India (Sebi) to block the impending conversion of two sets of FCCBs worth $200 million into equity on Thursday and on 25 September.

New Delhi: HDFC Bank Ltd, India’s second-largest private sector lender by assets, retained its top position in a list of India’s 50 most valuable brands released on Wednesday. The bank has a brand value of $12.6 billion, according to the second edition of the BrandZ rankings.

Axis Bank Ltd, Canara Bank Ltd, tyre maker MRF Ltd and bike maker Royal Enfield are the four brands that figure for the first time in the rankings, compiled by research agency Millward Brown and commissioned by WPP Plc., the world’s largest communications services group.

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