Tata Motors unveils sports car Tamo Racemo

 India's auto major Tata Motors on Tuesday showcased its first sports car, the Tamo Racemo, at the Geneva Motor Show 2017.

It also unveiled its next generation car in the compact category, sedan Tigor as well as SUV Nexon.

"Symbolising the change that is taking place" in the auto maker, the two-seater sports coupe, the first product under its new sub-brand

Housing Bank to use Infosys' Finacle in Algeria

Indian software major Infosys on Tuesday announced that West Asia's Housing Bank would use its Finacle product for operations in Algeria.

"The bank has chosen us to deploy our Finacle core banking, trade finance and internet banking solutions for its operations in Algeria," said the city-based global software firm in a statement here.

The bank will also use Fin

Indian equities trade lower on selling pressure

Indian equity markets traded in the negative territory during the mid-afternoon trade session on Wednesday as negative global cues and heavy selling pressure witnessed in metal, oil and gas, and automobile stocks subdued investors' sentiments.

According to market observers, investors remained cautious ahead of the assembly elections results and the outcome of the European Central

Sebi exempts NIIT promoters' trusts from making open offer

Sebi has exempted two private family trusts, set up by the promoters of NIIT, from making an open offer to the company's public shareholders, reported PTI. Exemption has also been extended to the two trusts with respect to NIIT Technologies. NIIT is a leading IT training solutions provider while NIIT Technologies is an IT firm.

Thadani and Pawar families are among the promoters of

Tech Mahindra sets up centre to showcase smart manufacturing

Tech Mahindra has set up a lab to showcase assets and solutions in areas of digital manufacturing, connected machines, robotics and automation as well as artificial intelligence and analytics, said the media reports. No financial details were disclosed.

Tech Mahindra has taken the lead position by setting up a state-of-the-art lab which works on technologies that are expected to power

Hero MotoCorp declares 2750% interim div for FY17

Country's largest two-wheeler maker Hero MotoCorp Ltd on Tuesday said that its board has declared interim dividend at the rate of 2750 per cent i.e. Rs 55 per equity share of Rs 2 each for FY 2016-17. “The Board of Directors of the company at its meeting held today, viz. March 7, 2017, has declared interim dividend of Rs 55 per equity share of Rs 2 each (at the rate of 2750 per cent)

DCB Bank`s board approves raising up to Rs 400 cr via QIP

Small-time private sector lender DCB Bank Ltd on Tuesday said that its board has approved raising of capital through share issue worth Rs 400 crore to Qualified Institutional Buyers. In a filing to the Bombay Stock Exchange, the bank said, “The Board of Directors of the bank, in the meeting held on Tuesday, March 07, 2017, has approved rasing of capital by way of issue of equity shares to

Reliance Capital sells stake in Paytm parent to Alibaba - source

MUMBAI  - Reliance Capital Ltd has sold a less than 1 percent stake in payments and e-commerce startup One97 Communications to Alibaba Group Holding for 2.75 billion rupees ($41.25 million), a source with direct knowledge of deal said on Tuesday.

The deal valued One97, which owns and operates India's No. 1 digital wallet Paytm, at about $5 billion, the source

General Motors India to stop production at Gujarat plant

Carmaker General Motors India on Tuesday confirmed it will stop production at its plant in Halol in Gujarat next month and consolidate production at its Talegaon plant in Maharashtra.

A company statement said production will cease at Halol plant from April 28.

"We will support our employees at the Halol plant throughout this transition," President and Managing Dire

Global cues, selling pressure subdue Indian equities

Broadly negative global cues and heavy selling pressure witnessed in metal, automobile and healthcare stocks subdued the Indian equity markets on Tuesday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped by 16.55 points or 0.18 per cent, to 8,946.90 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 29,092.16 points, prov

Cadila inks pact with Supernus Pharma to settle patent issue

Cadila Healthcare today said that it has finalised a pact with Supernus Pharmaceuticals to settle patent litigation regarding Trokendi XR extended-release capsules, used for treatment of seizures. Cadila Healthcare, along with subsidiary Zydus Pharmaceuticals (USA) Inc, have finalised an agreement with Supernus Pharmaceuticals Inc to settle all outstanding patent litigation related to Trokendi

RBI allows more equity buying in South Indian Bank

Foreign investors are permitted further purchases of equity shares in private sector South Indian Bank as the prescribed 49 per cent threshold caution limit stipulated under the extant FDI policy has come down, reported PTI. Foreign shareholding by ADR/GDR/FIIs/RFPIs/NRIs/FDIs/PIOs in South Indian Bank has reached the trigger limit, a Reserve Bank notification said.

"Hence furthe

Thomas Cook launches unique “Theme Park Tours” for children

Thomas Cook (India) Ltd., India’s leading integrated travel and travel related financial services company announced a strategic focus on children - India’s powerful new segment of holiday decision makers. To leverage this strongly emerging potential, the company has launched an engaging series of ‘Theme Park Tours’, a unique concept designed to delight children with fun

Jio avg download speed doubles to 17.42 mbps in Jan: Trai

The average peak download speed on Reliance Jio network more than doubled to 17.42 megabit per second at the end of January, according to data by telecom regulator Trai, reported PTI. The monthly average mobile broadband speed published by the Telecom Regulatory Authority of India (Trai) showed that the download speed on Jio network reached 17.42 mbps in January from 8.34 mbps at the end of Dec

Coal India approves interim dividend of Rs 18.75 for FY17

Coal India said its board has approved an interim dividend of Rs 18.75 per share for 2016-17 financial year, reported PTI. The government, which holds a little over 79 per cent stake in the coal major, is likely to get around Rs 9,200 crore from the total interim dividend payout. "The Board of Directors of Coal India (CIL) in its meeting on Monday March 6, 2017 have approved payment of int

Air Costa suspends all flights till March 15

Cash-strapped regional airline Air Costa has suspended its operations till March 15 for operational reasons, said a company official on Monday.

"We have suspended our services since February 28 and stopped bookings till March 15 for operational reasons. We will announce our revival plans on March 15," Air Costa's Marketing Vice-President Kavi Chaurasia told IANS from And

Global cues, selling pressure subdue Indian equities

Indian equity markets traded on a negative note during the mid-afternoon trade session on Tuesday as negative global cues and heavy selling pressure witnessed in metal, banking and healthcare stocks subdued investors' sentiments.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped by 19.25 points or 0.21 per cent, to 8,944.20 points.

The barometer 30-sc

SpiceJet to reserve seat for solo women passengers

Budget passenger carrier SpiceJet on Monday announced that starting Wednesday, it will reserve single row seats only for solo women passengers on all its flights.

According to the airline, the fourth row seats would be reserved for the airline's solo women passengers on all its flights, starting March 8 -- the International Women's day.

The airline said the initiativ

Tech Mahindra to buy U.S. healthcare IT firm CJS for $110 million

BENGALURU  - Tech Mahindra Ltd , India's fifth-biggest software services exporter, will buy U.S.-based healthcare IT consulting firm CJS Solutions Group for an enterprise value of $110 million.

Tech Mahindra, which will acquire CJS through a unit, will make an upfront cash payment of $89.5 million for the acquisition of 84.7 percent stake in CJS with the rema

Tata Steel says in 'constructive discussions' with ThyssenKrupp

MUMBAI  - Tata Steel Ltd is still in talks with Germany's ThyssenKrupp AG about a potential merger of their European steel assets, the Indian company said on Monday.

The statement was in response to reports in the British media on Sunday that India's largest steel company might be in the process of calling off a potential deal with the Germans.

SBI Life opens offices in MP, Chhattisgarh

In an attempt to boost its operation in Madhya Pradesh and Chhattisgarh, SBI Life Insurance Company Limited today opened its new regional office at MP Nagar Zone-2. After inaugurating the office, SBI Life Insurance Managing Director and Chief Executive Officer Arijit Basu said, "SBI life has witnessed a remarkable growth this year and we are expanding our reach in MP and Chhattisgarh."

Indian equities surge to new 2017 closing-highs

Indian equity markets surged to new closing-high levels on Monday as investors' sentiments were buoyed by positive global cues, coupled with a marginally strong rupee.

The key indices provisionally closed with gains of more than half a per cent each to touch new closing highs since March 2015.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained 65.90 poi

Tata Motors readies sports car for Geneva Motor show

From the humble Indica to a sports car, Tata Motors is marking its 20th year of participation at the Geneva International Motor Show with a leap of faith to the future, reported PTI. The homegrown auto major has used the platform to showcase its several prototypes and concepts starting with the Indica in 1998 -- the company's first passenger car -- and the ill-fated Nano in 2008, among othe

Indian women earn 25% less than men

Gender continues to be a significant parameter in determining salaries, as men earned a median gross hourly salary of Rs 345.8, whereas women earned Rs 259.8, a survey has showed.

The 'Monster Salary Index' (MSI) report on gender pay parity was released in a survey titled 'Women of India Inc' by online career and recruitment solutions providers Monster India.

Indian equities surge on positive global cues

Indian equities markets were on Monday lifted by positive global cues, coupled with a marginally strong rupee and healthy buying witnessed in automobile, oil and gas, and banking stocks.

The key indices traded with gains of more than half a per cent each during the mid-afternoon trade session.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained 47.45 points