Anil Ambani’s debt-ridden Reliance Communications has furnished Rs 14 billion Corporate Guarantee that the Supreme Court had ordered the company to issue for its spectrum sale to Reliance Jio Infocomm.

The Supreme Court had on Friday asked the government to issue Reliance Communications (RCom) a no-objection certificate (NoC) for spectrum sale to Reliance Jio Infocomm by December 9 if it furnishes a corporate guarantee of Rs 14 billion within two days.

TVS Motor Company has registered a 27 per cent growth in total sales, increasing from 251,965 units in November 2017 to 319,965 units in the month of November 2018.

Two-wheelers have registered a growth of 26% in sales during the month of November 2018 at 307,142 units as compared to 243,323 unit, a year ago.

Larsen & Toubro (L&T) Monday said its construction arm has won orders worth Rs 11.27 billion across two of its business segments.

In the metallurgical and material handling business, the company bagged contracts worth Rs 7.55 billion.

Ashok Leyland has reported an 18 per cent decline in M&HCV sales during the month of November 2018 at 8,718 units as against 10,638 units, a year ago. Light Commercial Vehicle (LCV) sales rose by 15 per cent to 4,403 units from 3,819 units, a year ago.

Total sales dropped by 9 per cent to 13,121 units from 14,457 units in November 2017.

Mumbai: Sun Pharmaceutical Industries Ltd founder and managing director Dilip Shanghvi and his brother-in-law Sudhir Valia engaged in financial irregularities with Dharmesh Doshi, a key figure from the 2001 Ketan Parekh scam, a whistleblower alleged. The whistleblower made the allegations in a 150-page letter sent to the Securities and Exchange Board of India (Sebi), which had banned Doshi and Parekh following the 2001 scam, India’s second biggest stock exchange scandal. Doshi is a former associate of Parekh.

Future Group founder Kishore Biyani is negotiating an agreement with Amazon that will give the US-based online retailer the option to acquire Biyani in the future, The Economic Times reported last week. The report said the e-commerce giant is in an advanced stage of talks to buy a 9.5% stake in Future Retail Ltd. Amazon has been testing the waters with stakes in smaller offline companies,

India may be the world's sixth largest, but most other things about economy are up for debate.

The Bharatiya Janata Party (BJP) is under fire for the release of new historical GDP figures that significantly downgraded growth during the years the opposition Congress party was in power, replacing old government estimates and those prepared by an independent committee.

Reserve Bank of India (RBI) is unlikely to hike interest rates when it unveils its monetary policy on December 5 as it draws comfort from subdued inflation and falling global oil prices.

The central bank will also want to push up the economy at a time when gross domestic product (GDP) growth for the quarter ended September slowed to 7.1% as compared to 8.2% in the trailing quarter.

Given that Vodafone Idea needs to fork out about half the telecom industry’s annual deferred spectrum payments between now and 2031, it’s not surprising that chairman KM Birla is calling on the government for some relief.

Nearly half or Rs 10,579 crore of the Rs 21,218 crore to be paid out in 2018-19 is Vodafone Idea’s share. In comparison, Bharti Airtel’s annual outgo is smaller at Rs 5,573 crore.

Driving the new Maruti Suzuki Ertiga, one number is sure to attract your attention—the average fuel-efficiency figure displayed on the speedometer screen. On the highways, it will hover around 19kpl, and in city traffic it’s unlikely to drop below 15-16kpl. And here I am talking about petrol, not the diesel which is generally more fuel-efficient.

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