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Jindal brothers sign $976 million power deal

NEW DELHI Billionaire Sajjan Jindal's JSW Energy Ltd has agreed to buy a 1,000 megawatt power plant from his brother's heavily indebted Jindal Steel and Power Ltd in a deal valued at up to $976 million, the companies said on Wednesday.


India rejects Apple's plan to import used iPhones

MUMBAI India has rejected a plan by Apple Inc to import used iPhones, government officials said on Wednesday, a blow to the U.S. tech giant that has been seeking to revive waning sales of its flagship smartphones.


Sensex falls for third session on earnings, growth woes

Indian shares fell for a third straight session on Wednesday on disappointment over quarterly earnings, including that of Adani Port which slumped nearly 12 percent, while regional markets languished due to global growth and deflation worries.

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