India's economic growth in the second quarter (July-September) of current fiscal rose to 6.3 per cent compared to 5.7 per cent in first quarter (April-June). The GDP growth is in line with Forecasts made by SBI Research, Ficci, Reuters poll and Bloomberg.

The matter came on the radar when the LPG subsidy of some Airtel subscribers was transferred in their Airtel Payments Bank account, and not their designated bank account.

Inflation would remain a key concern for the RBI and the government, fading hopes of an interest rate cut, according to Assocham stated that rising prices of crude oil and vegetables, may lead to an increase in retail inflation in November 2017.

The move is aimed at reducing the debt burden of the company. The transaction will help reduce the liability of unsecured creditors, benefiting all stakeholders, including lenders and shareholders of RCom, the company said.

China Development Bank (CDB) filed an insolvency petition on 24 November against Reliance Communications to recover its loan of $1.78 billion (Rs 11,460 crore), according to media reports.

Reliance Communications owes Rs 11,460 crore ($1.78 billion) to the CDB, which accounts for around 37 per cent of the company's Rs 45,000 crore debt.

President Donald Trump's daughter and advisor Ivanka Trump is in India for the Global Entrepreneurship Summit, the inaugural session of which will be addressed by Prime Minister Narendra Modi, Telangana Chief Minister K Chandrasekhar Rao and Ivanka.

Coal India (1.38 percent), Tata Steel (1.05 percent) and Maruti Suzuki India (0.92 percent) are the top gainers on Sensex. Rupee trading at 64.36, a two-month high level. Maruti Suzuki continues its winning streak. Stock hits a fresh high Rs 8,575. Year-to-date returns stand at a stellar 61.09 percent.

The company on November 11 confirmed a quarterly loss of over $27.09 billion as compared to 620 million of profit a year earlier.

The telecom watchdog Telecom Regulatory Authority of India (TRAI) has recently recommended to the department of telecom (DoT) to increase the caps on the spectrum holding in all telecom circles.

Home-grown telecom gearmaker Himachal Futuristic Communications said it has bagged a Rs 128-crore order from Bharat Sanchar Nigam. The company said the equipment purchase order is part of a turnkey project and the balance order for installation and AMC support services will be issued separately by BSNL.

Giving the rationale behind its latest move, Moody's said it has withdrawn the ratings as it considers a missed scheduled payment either of interest or principal as a \"default\".

Being neck deep in debt and missing outstanding payments have only bought problems for Reliance Communications in near past. Watch Manu Kaushik elaborate on the troubles the Anil Ambani-led telco has landed itself in and how.

The Sensex rose 346 points and Nifty breached the 10,200 level in afternoon trade with Infosys, Reliance Industries and SBI leading gains on the indices after three successive days of losses.

Reliance Capital tanked 10.21 per cent and Reliance Infrastructure tumbled 9.16 per cent on BSE.

Reliance Capital (10.21 percent), Reliance Infrastructure (9.16 percent), Reliance Power (8.55 percent), Reliance Nippon Life Asset Management (6.87 percent) were among the top five losers on the BSE. Reliance Communications posted a consolidated loss of Rs 2,709 crore in the second quarter ended September following which the stock fell to its 52-week low on the bourses.

A flawed telecom story is unfolding at the Anil Ambani-controlled Reliance Communications.

The firm has registered a loss for the fourth straight quarter. Total income of the firm fell 48 per cent to Rs 2,667 crore in the reporting quarter from Rs 5,142 crore in the corresponding period of the previous fiscal. The stock hit a fresh 52-week low of 12.10 during intraday trade on the BSE.

Debt-laden telecom operator Reliance Communications on Saturday posted a consolidated loss of Rs 2,709 crore in the second quarter ended September 30, 2017.

Market breadth was negative with 763 stocks rising against 1950 falling on the BSE. Lupin (17.30 percent), Cipla (6.47 percent), State Bank of India (3.19 percent) were among the other top losers.