Ashok Leyland has reported a 50 per cent drop in domestic M&HCV sales during the month of October 2019 to 4,565 units as against 9,062 units, a year ago.

The biggest drop was in trucks, whose sales declined by 59 per cent to 3,335 units in October from 8,124 units in the same month a year ago. Bus sales in October, on the other hand, were up 31 per cent to 1,230 units, from 938 units the previous year.

Aviation regulator DGCA asked IndiGo on Friday to replace Pratt and Whitney (PW) engines of 23 A320neo planes by November 19 or else they would be grounded.

The regulator also asked IndiGo that all 97 such aircraft in its fleet must have modified PW engines by January 31 next year "at all costs".

Riding on one-off gains, drug major Dr Reddy's Laboratories Limited has reported a 33 per cent jump in profit before tax, at Rs 766.4 crore, while its post-tax profit more than doubled to Rs 1,092.5 crore for the quarter ended September 2019. Th epre- and post-tax profit figures in the corresponding quarter the previous year were Rs 578 crore and Rs 503.8 crore respectively.

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.

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