On account of weak demand, commercial vehicle manufacturer Ashok Leyland on Monday announced that five of its plants would observe non-working days in September.

According to the filing by the commercial automobile giant, the Ennore plant will shut operations for 16 days. The number of non-working days will be 1-2 at the Hosur plant, five at CPPS and 10 each at Alwar and Bhandara. Pantnagar will see 18 non-working days.

The government may exclude packaged drinking water (1 litre or more) from single-use plastic ban — likely to come into effect from October 2 — while simultaneously facilitating alternatives so that the transition to non-plastic packages does not inconvenience public. Food and consumer affairs minister Ram Vilas Paswan favours a ban on plastics, but admits that no concrete alternative of packaged drinking water is available now.

The Union Ministry of Roads and Highways is expecting a good response for the National Highway Authority of India's (NHAI) bid under the third tranche of 566.27 km of highways under the toll operate transfer (TOT ) despite the slowdown.

NHAI is targeting Rs 4,998.71 crore from monetisation of nine highway stretches of 566.27 km in Uttar Pradesh, Bihar, Jharkhand, and Tamil Nadu. The last date of bid submission is September 30.

New satellite images published on Monday by the European Space Agency show an increase in air pollution in the Brazilian Amazon while fires burned in the region last month.

Several maps showed more carbon monoxide and other pollutants in August than in the previous month, when there were fewer fires.

State Bank of India (SBI) has reduced its lending rates by 10 basis points, but has slashed its deposit rates by up to 25 basis points.

The one year lending rate, to which most of the loans, both corporate and retail, are linked, would come down to 8.15% from 8.25% with effect from September 10, 2019. SBI has also realigned interest rate on term deposits (TD) from September 10.

Reliance Capital has called off a sale of its general insurance unit to Hero Fincorp, forcing embattled tycoon Anil Ambani to look for options as he seeks to reduce debt, people familiar with the matter said.

The talks for selling Reliance General Insurance which were at an advanced stage, ended after the shadow financier struggled to raise funds for the acquisition, said the people, asking not to be named as the information is not public.

Mumbai: In a major setback to Sebi, Securities Appellate Tribunal or SAT today overturned the markets regulator's order banning Price Waterhouse Coopers from auditing any listed company for two years for its role in the ₹7,800-crore Satyam scam. However, SAT partly allowed disgorgement of the ₹13 crore fee from the auditor.

Not losing hope, the Indian Space Research Organisation continued to make all-out efforts to establish link with Chandrayaan-2’s ‘Vikram’ lander, now lying on the lunar surface after a hard-landing.

Vikram, with rover ‘Pragyan’ housed inside it, hit the lunar surface after communication with the ground-stations was lost during its final descent, just 2.1 km above the lunar surface, in the early hours of Saturday.

The Country’s largest public sector bank – State Bank of India – sought issuance of 147 Look Out Circulars (LoCs) in the last five months in connection with bank fraud cases, an RTI response from the bank said.

Data shows that the bank started seeking LoC from the Bureau of Immigration from April this year.

Hinduja Group flagship firm Ashok Leyland on Monday announced non-working days at its various manufacturing facilities following weak demand. “Following are the non-working days at our various plant locations during September 2019 due to continued weak demand for our products”, the company said in a BSE filing.

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