Sensex gains 53 points in early trade
Reliance Communications is in talks with domestic lenders to raise 65 billion rupees, which it will have to repay over seven years, said a senior official from a public sector bank who did not want to be named.
India's Bombay High Court has asked the government to not take any coercive action against Idea Cellular Ltd until March 1 on a demand to pay surcharges on airwaves, the mobile phone operator said on Thursday.
Ashok Leyland Ltd said October-December net profit rose 10.82 percent to 741.4 million rupees from a year ago.
The aviation ministry may want to protect Air India Ltd's business prospects if Etihad Airways buys a stake in Jet Airways Ltd and they pursue an aggressive expansion programme, two government officials said.
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