Fraud-hit Punjab National Bank has been ranked first among public sector banks in the implementation of ’reforms agenda’, followed by Bank of Baroda and State Bank of India, said a report on Thursday.

The BCG-IBA report – EASE Reforms for Public Sector Banks — measures performance of each PSB on 140 objective metrics across 6 themes, including customer responsiveness, credit off-take and digitalisation.

New Delhi: Bajaj Auto on Friday reported a 10 per cent increase in total sales at 3,93,089 units in February against 3,57,883 units in the same month last year.

The company's motorcycle sales were up 10 per cent at 3,27,985 units, against 2,97,514 units during the same period a year ago, Bajaj Auto said in a BSE filing.

The BSE benchmark Sensex rallied about 265 points to 36,132 in early session on Friday as the March derivatives series took off on a strong footing and foreign fund inflows fuelled the uptrend.

The 30-share Sensex spurted by 264.99 points, or 0.75 %, to 36,132.43 in early trade. The gauge had lost over 346 points in the previous three sessions due to geo-political tensions between India and Pakistan.

The Reserve Bank Thursday said it has approved the amalgamation of 'DBS Bank, India' with 'DBS Bank India', the entity which has been granted permission to operate as a wholly owned subsidiary (WOS) of the Singaporean lender.

It can be noted that DBS used to operate in the 'branch model' and is among the first foreign lenders to come forward and operate as a WOS.

Ashok Leyland has reported a two per cent drop in medium and heavy commercial vehicle (M&HCV) domestic sales in February 2019 at 12,621 units as compared to 12,874 units, a year ago.

While trucks dropped by four per cent to 11,117 units from 11,577, the bus segment grew by 16 per cent to 1,504 units from 1,297 units.

Engineering major Larsen & Toubro (L&T) on Friday said it will seek the assistance of an external expert to review the bribery charges relating to the construction of Cognizant’s Chennai campus.

In an announcement to NSE on Friday, L&T said that during the Audit Committee meeting held on 27th February 2019, the "management presented all details of the company's construction contracts with CTS, including particulars of development relating to the recent settlement between CTS and SEC and the ongoing proceedings before Department of Justice, USA (DOJ) In this connection,

The Enforcement Directorate (ED) on Friday carried out searches against former ICICI bank CEO Chanda Kochhar and Videocon promoter Venugopal Dhoot in connection with a bank loan fraud case, officials said.

They said the raids are being carried out in at least five office and residential premises in Mumbai and a few other locations.

Shares of SBI Life Insurance dipped 12 per cent to Rs 510 on the BSE in intra-day trade on Friday after more than 9 percentage point stake in the company changed hands through block deals.

At 09:15 am, around 91.37 million equity shares, representing 9.14 per cent equity of SBI Life Insurance, changed hands on the counter on the BSE, the exchange data shows.

MUMBAI: Non-banking financial company L&T Finance is planning to raise up to ₹1,500 crore through non-convertible debenture issues in three tranches.

The base size of the issue, which is opening on March 6 and closing on 20, is ₹500 crore, with an option to retain over-subscription up to ₹1,000 crore, company said Thursday.

NEW DELHI: Tata Motors Thursday said it has launched the 2019 edition of its SUV Hexa with price ranging between ₹12.99 lakh and ₹18.36 lakh (ex-showroom Delhi).

The updated model now comes with various additional features like a seven-inch touchscreen infotainment system with android auto connectivity across variants.

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