SWIFT India Monday said it has appointed ex-SBI chief Arundhati Bhattacharya as the new chairman of its board. SWIFT India is a joint venture of top Indian public and private sector banks and SWIFT (Society for Worldwide Interbank Financial Telecommunication). Bhattacharya will succeed former banker M V Nair, who is stepping down after completing five years with the company, SWIFT India said in a statement.

Global wholesales of all passenger vehicles in November were at 66,429 units, lower by 7 per cent from the year-ago month, Tata Motors said in a statement.

JLR sales were at 49,312 units.

PPrivate lender Kotak Mahindra Bank has filed a writ petition with the Bombay High Court after the Reserve Bank of India (RBI) turned down the bank’s proposal to reduce promoter stake by issuing perpetual non-convertible preference shares (PNCPs).

Mumbai: A liquidity crunch and concerns over asset quality is expected to weigh on the second attempt by the National Highways Authority of India (NHAI) to privatize operations on toll roads.

Industry experts said response to the second round of toll-operate-transfer (TOT) auctions will be subdued compared to the robust first round.

Maruti Suzuki India Ltd’s announcement of a price hike across its vehicles from 1 January did not go down well with investors. The stock reacted negatively on Thursday, although it recovered some the next day.

That a routine price hike done by auto firms in January to pass increases in costs onto consumers should worry is strange. The reason is that investors perceive the hike this time around would hit demand.

Reliance Industries Limited (RIL) shares fell over 4 percent today as the benchmark equity index BSE Sensex plunged 550 points Monday in view of exit poll results ahead of outcome of state elections, weakening rupee and crude oil price rise amid rise in US-China trade tensions. The RIL shares fell 47.30 points, or 4.17 percent, to Rs 1085.95, losing the most among the 30-participants of the index today.

About fifty months after the Supreme Court cancelled 204 captive coal block licences saying these were allocated in an illegal and arbitrary manner, production from the blocks are far below the level before the court’s decision. As the court had, in its September 2014 order, allowed 42 operational blocks of the cancelled lot to function till March 2015, these mines’ production peaked in FY15 at 43 million tonnes (MT) but has since plunged headlong.

Taking cues from the exit poll as well as weak global trends, Sensex on Monday tanked over 400 points while Nifty has given up 10,600 in pre-opening trade. At 9:19, Sensex was in red at 35,169.39, down by 503.86 or 1.41%. The Nifty50 was at 10,550.30, down by −143.40 or 1.34%.

A team of officials led by the CBI's Joint Director, S Sai Manohar, left for London on Sunday to attend a crucial hearing in the extradition case of embattled liquor baron Vijay Mallya on Monday, sources said. Manohar will take the place of Special Director Rakesh Asthana, who had been attending the trial till now. The government had sent Asthana on forced leave, divesting him of all powers after he and CBI Director Alok Verma entered in a bitter feud.

India removed Travis Head and Shaun Marsh in the first session of the fifth and final day to close in on victory in the opening Test against Australia here Monday.

Set a target of 323, Australia reached 186 for six at lunch at the Adelaide Oval. The visitors need another four wickets to take a 1-0 lead in the series.

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