India’s largest luxury car maker Mercedes-Benz has received the highest rank in the JD Power 2018 India Customer Service Index (Luxury) study; it scored 903 points. This study surveys luxury vehicle owners who visit authorised service centres for maintenance and repair work. The company took the highest rank in the study for the second year on the trot, after topping the study in 2014 and 2015 as well. Martin Schwenk, MD & CEO, Mercedes-Benz India, said, “We want to become the ‘Mercedes of Service’ and the findings of the latest JD Power study reiterate our determination towards that goal.

The Nepal government has banned the use of Indian currency notes of Rs 2,000, Rs 500 and Rs 200 denominations, a move that could affect Indian tourists visiting the Himalayan nation where Indian currency is widely used.Indian currency is extensively used by Nepalese people and businesses for their savings and transactions.

The Insurance Regulatory and Development Authority of India (Irdai) made it clear that the remuneration made to the insurance web aggregators will be in line with what is listed for insurance intermediaries.

Irdai was clarifying on the queries of the insurance companies on outsourcing activities undertaken by insurance web aggregators and remuneration payable to them.

Market regulator Sebi on Friday relaxed guidelines pertaining to setting up cyber security operations centre for small market intermediaries as they lack knowledge in cyber security.

The decision has been taken after discussions with market participants, the Securities and Exchange Board of India (Sebi) said in a circular.

Two-wheeler major TVS Motor Company has announced its expansion in Peru with the launch of TVS Apache and TVS NTORQ in the market, along with an additional showroom. The company had announced in September its expansion in Mexico in order to increase its footprint in the Latin American market.

To enhance risk management capabilities, the NSE has said trading members will be compulsorily placed in risk reduction mode when 90 per cent of the members’ capital is utilised towards margins.

The new framework will be effective from December 17, 2018, the National Stock Exchange (NSE) said in a circular.

New Delhi: Infosys on Friday said it has formed a joint venture (JV) with Hitachi, Panasonic Corporation and Pasona to strengthen its presence in the Japanese market.

As part of the agreement, Infosys will acquire 81 per cent of the shareholding in Hitachi Procurement Service Co, Hitachi's fully owned subsidiary, Infosys said in a statement.

Mumbai: Benchmark equity indices on Friday opened on a cautious note amid negative signals from other Asian markets, and mixed macro cues like weakening rupee and easing crude prices.

Breaking its three-day winning streak, the 30-share index turned choppy and was trading 25.93 points, or 0.07 per cent, lower at 35,903.71. The NSE Nifty saw similar movement, shedding 5.55 points, 0.05 per cent, to 10,786.00.

With borrowers delaying repayments on agri loans and delinquencies on the rise, State Bank of India (SBI) has been moving to limit losses in the agri segment by making loans backed by gold. Delinquencies follow announcements of farm-loan waivers by several states and resultant pressure on repayments. At the end of the September quarter, a fourth of the bank’s agri-loan book was backed by gold.

The Supreme Court on Thursday refused to give more time to Reliance Communications (RCom) to clear dues of Rs 550 crore it owes to Swedish telecom equipment manufacturer Ericsson India.

A bench led by Justice Rohinton Nariman allowed RCom to withdraw its plea after it refused to entertain its senior counsel Kapil Sibal’s request for further extension of time.

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