Shares of Tata Motors tumbled 10 per cent to Rs 130.50 on the BSE on Friday on reports that the Competition Commission of India is examining allegations that the company and two finance firms of its $100 billion parent group abused their market position while selling commercial vehicles. Besides, heavy selling was seen at the counter as concerns on China-originated coronavirus becoming a pandemic soured sentiment. China is one of Tata Motors' most significant markets in terms of volume and profit.

Normalcy seems to be returning in Delhi after days of violence over the contentious Citizenship Amendment Act (CAA) marked certain areas, especially in the northeast district, in the national capital.

In these trying times, a positive image of brotherhood and social harmony, much in need, was also witnessed in Delhi. Throughout Thursday, locals were seen distributing food and necessary supplies to those who were injured in the riots and now lay recuperating at the Guru Teg Bahadur (GTB) hospital in the national capital.

A postmortem examination of the death of Intelligence Bureau (IB) operative Ankit Sharma, who was slain amid raging communal violence in northeast Delhi, has now revealed a few brutal truths. According to the autopsy report, Sharma was brutally stabbed to death multiple times by a sharp object for over four hours, leading to his death.

The autopsy report states: Multiple abrasion.. deep cut.. by sharp edge objects. The panel of doctors, who carried out post mortem, has clearly stated that he was brutally and repeatedly stabbed, leading to his death.

The Novel Coronavirus scare has now managed to hit stock markets. In the wake of the deadly epidemic, market benchmarks Sensex and Nifty fell at a remarkable rate in the opening session on Friday, leading to share analysts marking February 28 as 'Black Friday'. Investor wealth worth over Rs 5 lakh crore has been wiped off.

Sensex has plunged more than 1000 points and settled at 38,580.32 while Nifty, too, dropped more than 300 points to below 11,300. According to reports, all sectoral indices slipped between 1% to 3%. BSE Midcap and Smallcap indices down over 2% each.

Amazon is all set to start its food delivery business in India from Bengaluru next month, says a news report in The Economic Times.

The launch of the service, which would be offered as part of either Amazon’s Prime Now or Amazon Fresh platform, could happen as soon as next month. With this, Amazon will take on estabished players such as Zomato and Swiggy.

Vistara took the delivery of its first wide-body Boeing 787-9 Dreamliner plane on Friday, making it the first Indian airline to fly this aircraft.

The plane, which has the registration number VT-TSD, will depart from the Boeing facility here at 2 pm (local time) on Friday and land in Delhi at 2 pm (local time) on Saturday, Vistara officials said here.

The new aircraft is the first of the six that Vistara has purchased from Boeing.

(Reuters) - Facebook Inc said on Thursday it would cancel its annual developer conference due to fears over the coronavirus outbreak and Microsoft Corp followed suit by withdrawing from a gaming conference scheduled for next month.

In place of the in-person F8 event, we're planning other ways for our community to get together through a combo of locally hosted events, videos and live streamed content, said Konstantinos Papamiltiadis, Facebook's director of platform partnership.

Bullish on its growth in India, Apple is set to open its first branded retail store in the country in 2021, company CEO Tim Cook has told shareholders.

Speaking to investors at the annual shareholder meeting at Apple Park in Cupertino, California on Wednesday, Cook confirmed the company will open its first offline retail outlet in the world's second biggest smartphone market next year, reports Apple Insider.

Axis Bank on Thursday said its board has approved appointment of Puneet Sharma as Chief Financial Officer (CFO).

His appointment will be effective from March 6, the private sector lender said in a regulatory filing.

Sharma replaces Jairam Sridharan, who has resigned as the group executive and CFO of the bank, with effect from the close of business hours on March 5, it said.

Financially stressed telecom operator Vodafone Idea, in a letter to the Department of Telecommunications (DoT), has sought the adjustment of goods and services tax (GST) refund to the tune of Rs 8,000 crore against its dues linked to adjusted gross revenue (AGR), an official told Business Standard on Wednesday. Even as the letter listed a number of demands, including a moratorium of three years and a 15-year staggered payment of the AGR-linked dues besides asking the government to set off its GST credit, the company’s chief executive officer, Ravinder Takkar, called on DoT Secretary Anshu Prakash again — making it his third visit in a week.

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