NEW DELHI: Korean auto major Hyundai Motor India Limited (HMIL) Monday inked a wage settlement pact with technicians at its Chennai facility raising average monthly salary by Rs 25,200 for a three-year period till March 31, 2021.

The agreement will come into retrospective effect from April 2018. As per the agreement, technicians will receive 55% of the increased salary in the first year, 25% in the second year and 20% in the third year.

New Delhi: State-owned Indian Oil Corporation (IOCNSE 4.65 %) Monday said it along with its partner Bharat PetroResources Ltd (BPRL) has won an oil block in Abu Dhabi, where the two will invest USD 170 million.

IOC- BPRL won the block in Abu Dhabi's first-ever competitive bid round.

With over 350-375 tonnes of the domestically refined gold market still away from the organised trading platforms in India, the National Stock Exchange of India (NSE) has decided to accept it as good delivery on its derivatives platform. So far, only London Bullion Market Association recognised bullion is accepted as good delivery on the exchange platform.

New Delhi: India's largest IT services company Tata Consultancy Services has teamed up with Barclays to launch a virtual platform to help children with neuro-muscular disabilities become more self-dependent.

The virtual habilitation platform, TCS VHAB, will be launched at ZEP Rehabilitation Centre, Pune. This centre, established in 2008, carries out programmes to help improve the mobility of children with locomotor disabilities. These programmes are aimed at enabling development of daily skills, self-help skills, functional skills and academics.

New Delhi: A boarding pass issued by Air India with pictures of Prime Minister Narendra Modi and Gujarat Chief Minister Vijay Rupani has come under criticism, days after the PM's photo on railway tickets created a furore.

The airline said the passes featuring the photographs, which were third-party advertisements, would be withdrawn if they are found to be in violation of the Model Code of Conduct.

Mercedes Benz India is trying to popularise its performance brand AMG by focussing on the AMG 43 range which sports smaller but powerful engines and are affordable.

The company, which is due to launch 10 models this year, will have four new AMG offerings, including the recently launched AMG C43 Coupe.

After jumping to the third spot in the domestic mutual fund industry in a short span of time, SBI Mutual Fund is set to improve its position further in the highly competitive sector. Besides benefiting from being an arm of the country’s largest bank, the fund house is offering solutions keeping the overall investment goals of its clients.

India doesn’t have much of a history with popular computer games, unlike the U.S. or Japan. But now one of the industry’s kill-or-be-killed titles has become a smash hit — and the backlash from the country’s traditionalists is ferocious.

PlayerUnknown’s Battlegrounds is a Hunger Games-style competition where 100 players face off with machine guns and assault rifles until only one is left standing. After China’s Tencent Holdings Ltd. introduced a mobile version of the death match that’s free to play

Lenders are laying the ground for a new owner in Jet Airways as they insist on an undertaking from the shareholders that will trim founder-chairman Naresh Goyal's stake to below 10% while Abu Dhabi-based Etihad will have to agree to exit from the ailing airline.

IT company Infosys Friday said it would invest $10 million (nearly Rs 70 crore) in California-based artificial intelligence-focussed The House Fund II.

"The company announced today that it will be entering into an agreement with The House Fund II, LP, an AI-focused fund targeting start-ups from the University of California, Berkeley, committing to invest $10 million," the company said in a note.

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