NEW DELHI : Beating the slowdown in the auto industry, luxury automobile manufacturer Mercedes-Benz India delivered more than 600 cars last week during Dhanteras. Of the 600 cars, almost half of them were sold in the Delhi-NCR region alone. The rest of the demand came from Punjab, Mumbai, Pune, Kolkata and Gujarat, the automaker said.

The leading stock market bourses –the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) are closed for trading today, October 28, 2019, on account of Diwali Balipratipada. Wholesale commodity markets, including metal and bullion, will also remain shut on the occasion. There will be no trading activity on forex and commodity futures markets to observe the occasion. Muhurat trading for this year has ended with headline indices posting gains. Sensex closed 192 points higher to 39,250, while Nifty closed at 11,627, after surging 43 points.

Pakistan has once again denied India the permission for access of its airspace for Prime Minister Narendra Modi's flight to Saudi Arabia, ahead of his upcoming visit to the middle-eastern nation. Pakistan Foreign Minister Shah Mahmood Qureshi said in a statement that Pakistan will not allow PM Modi to use the country's airspace, adding that the Indian High Commissioner in Islamabad has been informed about this decision in written form.

United States (US) President Donald Trump today confirmed before the media that Abu Bakr al-Baghdadi, the leader of the Islamic State, has been killed in a US military operation in Syria. Trump said that Baghdadi was the leader of the most ruthless and violent terror organisation anywhere in the world and he was killed in an operation carried out by American forces.

Reliance Industries, controlled by Asia’s richest man Mukesh Ambani, will set up a holding company on the lines of Alibaba Group Holdings and Alphabet that will create digital services and allow for a strategic or financial investor.

Reliance Industries, controlled by Asia’s richest man Mukesh Ambani, will set up a holding company on the lines of Alibaba Group Holdings and Alphabet that will create digital services and allow for a strategic or financial investor.

The Telecom Regulatory Authority of India (Trai) has recommended administrative allocation of 5 MHz spectrum in the premium 700 MHz band to Indian Railways for its captive use to offer public safety and security services. The authority though said that spectrum charges may be levied on the railways as per the Department of Telecommunications (DoT) formula prescribed for captive use.

Private sector lender ICICI Bank on Saturday posted a 6.09 per cent decline in consolidated net profit for the September quarter at Rs 1,131.20 crore.

It had reported a net profit of Rs 1,204.62 crore for the July-September period a year ago.

PUNE: At a time when motorcycles sales have plummeted over 15 per cent in the first half of this fiscal in the prolonged slowing economy and a challenging business environment, Bajaj Auto’s Pulsar 125 Neon in the Pulsar series has emerged a winner.

The Pune-headquartered auto maker sold over 40,000 units of Pulsar 125 bike within two months of its launch in August, the company said in a statement.

Homegrown auto major Tata Motors on Friday reported a consolidated net loss of Rs 187.7 crore for the quarter ended September 30, hit by subdued demand for its vehicles in the domestic market.

The company had posted a loss of Rs 1,009.49 crore in the same period of 2018-19.

The Supreme Court verdict on adjusted gross revenue in telecom has dealt a huge blow to the operations of Vodafone Idea, severely battered by the vicious price war in the sector since the launch of Mukesh Ambani’s Reliance Jio in 2016.

The company on Thursday warned the latest verdict on the definition of telecom revenue will have “damaging implications” for the industry, and indicated it could explore filing a review application after legal consultation.

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