US Secretary of State Mike Pompeo on Thursday presented the prestigious Award for Corporate Excellence to Pepsico India for its efforts to save more than 17 billions of litres of water through community water programs and positively impacting thousands of community members.

Established in 1999, the ACE recognizes US companies that promote and uphold high standards as responsible members of their communities where they do business.

TVS Motor Company and Bajaj Auto have settled a decade-old dispute related to patent rights for spark plugs.

The companies said they entered into a settlement agreement on Thursday to amicably settle the decade-old dispute related to alleged infringement of Bajaj's patent for digital twin spark plug ignition technology.

Automobile maker Mahindra and Mahindra Ltd has received a patent for its multimodal solar power system, which reduces the electric load demand on vehicle battery, and supports the operation of an air-conditioner. This innovation will help increase the life of vehicle batteries and reduce greenhouse gas emissions.

State-owned Indian Oil Corp (IOC) on Thursday reported a 83 per cent drop in second quarter net profit on the back of slump in refinery margins and inventory losses. Net profit in July-September at Rs 564 crore was 82.6 per cent lower than Rs 3,247 crore net profit in the year-ago period, IOC Chairman Sanjiv Singh told reporters here.

New Delhi: Markets regulator Sebi on Thursday asked all listed banks to make disclosures about any divergence in provisioning of bad loans beyond specified threshold within 24 hours of receiving a risk assessment report from the Reserve Bank.

The decision has been take in consultation with the Reserve Bank of India (RBI), the Securities and Exchange Board of India (Sebi) said in a circular.

Mumbai: At a time when consumption demand in India has been hit hard, renewed focus on small towns such as Sikar in Haryana and Gulbarga in Karnataka is helping billionaire Mukesh Ambani’s Reliance Industries Ltd clock higher revenues in its retail businesses.

NEW DELHI : The Competition Commission of India (CCI) has approved a proposed $300 million investment by Hyundai Motor Company (HMC) and Kia Motors Corporations (KMC) for stake acquisition in ANI Technologies, which operates ride-sharing company Ola and Ola Electric, under the Competition Act, 2002.

Vodafone idea, which is reeling under $14-billion net debt, mounting losses and dwindling subscribers, has approached creditors for better payment terms to revive the company, people with direct knowledge of the matter said.

Vodafone Idea, formed by last year’s merger of the British telecom firm’s local unit with Idea Cellular, has warned lenders that it won’t be able to honour its commitments for long under current conditions, the people said, asking not to be named as the discussions are private.

Taking the Cellular Operators Association of India (COAI) head on for writing to telecom minister Ravi Shankar Prasad, late on Tuesday evening, urging his urgent intervention to avert a crisis in the telecom sector, Reliance Jio on Wednesday wrote a scathing letter to the director-general of the industry body. Lambasting the DG, Rajan Mathews, for the undue haste in issuing the letter without waiting for its view, Jio also said that the move was a serious breach of trust on COAI’s part.

The stock prices of Indian multinational Infosys fell by 16% on Tuesday, following an anonymous letter by whistleblowers accusing Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy of indulging in unethical practices to boost revenue and profits in recent quarters.

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