Tata Motors on Wednesday said it will increase prices of its passenger vehicles from January, primarily in order to offset impact of upgrading its portfolio to conform to BSVI emission norms.

The company currently sells products ranging from hatchback Tiago to SUV Harrier, priced between Rs 4.39 lakh and Rs 16.85 lakh (ex-showroom Delhi).

More than 92,000 employees of BSNL and MTNL have opted for voluntary retirement, Union minister Ravi Shankar Prasad said on Wednesday as he asserted that the government will make the two telecom companies profitable as they are strategic assets. The Communications Minister told the Lok Sabha that the merger of BSNL and MTNL will have pan-India foot print, synergy in operations, reduction of fixed costs and overheads, among others.

Supreme Court on Wednesday granted bail to former Finance Minister and senior Congress leader P Chidambaram in the INX Media money laundering case, registered by the Enforcement Directorate (ED).

The top court has directed P Chidambaram to furnish a bail bond of Rs 2 lakh along with two sureties of the same amount.

Amid growing concerns over women safety, Punjab Chief Minister Captain Amarinder Singh on Tuesday announced free police help to drop women safely home if they are stranded outside between 9 PM an 6 AM.

The state-wide facility will be available on DIAL 100, 112 and 181, through which the woman caller will be connected immediately to the Police Control Room (PCR).

Shares of CSB Bank made a strong debut by listing at Rs 275, a 41 per cent premium against its issue price of Rs 195 per share on the NSE on Wednesday.

Fairfax-backed CSB Bank's Rs 410-crore initial public offering (IPO) was subscribed a whopping 86.89 times last month.

With onion prices showing little signs of easing, the Centre is now looking to ban the export of dehydrated onions, after curbing export of normal onions, said senior officials. On Tuesday, it reduced the stock holding limit for retailers to 5 tonnes from 10 tonnes, and for wholesalers to 25 tonnes from 50 tonnes, according to an order issued by the Consumer Affairs Ministry.

The revised stock holding limit is not applicable to imported onions, an official statement added.

On the eve of a meeting of the Union Cabinet, which is likely to approve the Citizenship Amendment Bill (CAB), Home Minister Amit Shah met politicians and organisations from the northeastern states on Tuesday to understand their concerns over the proposed law.

Apart from the contentious Citizenship Amendment Bill, the Cabinet is likely to clear the Personal Data Protection Bill and further amendments to the Insolvency and Bankruptcy Code, the Mines and Minerals (Development and Regulation) Act and the Companies Act.

SBI Mutual Fund and Amundi have picked up key stakes in the Rs 1,275-crore block deal executed by private equity (PE) players Advent and Temasek on Tuesday in Cromption Greaves (CG) Consumer. While SBI Mutual Fund acquired a 4.8 per cent stake for Rs 750 crore, Amundi India picked up 1.44 per cent for Rs 225 crore.

Advent International's Amalfiaco and Temasek's MacRitchie Investments, both promoter entities, offloaded 5.15 per cent and 3.01 per cent respectively of their stakes in the firm.

Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, about one-third of the expenditure focused on electric and autonomous vehicles, the company said on Wednesday.

The South Korean carmaker unveiled a Strategy 2025 roadmap that envisaged annual average spending of 10 trillion won, higher than previous years, and up from a 2018 figure of 6.1 trillion won.

Even as automobile sales have hit a record low, the country's largest carmaker, Maruti Suzuki, on Tuesday announced a price hike across models from January. Others are likely to follow suit as they gear up to liquidate the stock ahead of rolling out new models in 2020.

Rising input cost, along with the transition of auto firms from BSIV to the more expensive BSVI models, has prompted the industry to hike prices, analysts pointed out.

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