Ashok Leyland on Wednesday confirmed that it has bagged orders from IRT (Institute of Road Transport) Chennai, UPSRTC (Uttar Pradesh State Roadways Transport Corporation) and CTU (Chandigarh Transport Undertaking) for manufacturing a total of 2,580 buses. These orders are among the largest from state transport undertakings (STU’s) for a single OEM. All these buses are likely to be dlivered before March 2019.

A section of workers in Hyundai Motor’s Chennai plant held a one-day token hunger strike on Wednesday, as the wage settlement talks with the management were inconclusive.

The permanent workers, under the recognised union, had earlier decided to stay away from over time operations, and alleged the company was using the trainees to substitute skilled workers.

A month later, US-headquartered e-commerce giant Amazon has again witnessed another glitch, this time on its India portal.

Sources in the know said that the glitch was reported internally last and left exposed some of its sellers’ private financial information to other users. Sellers downloading their monthly financial reports (data of their sales through Amazon.in) were served with those of other vendors, leading to a breach of competitive businesses data.

Air India's Chairman and Managing Director Pradeep Singh Kharola said Wednesday the airline has started carrying food from India for use during the journey back to the country, in an attempt to rationalise catering costs on international flights.

The loss-making airline has already started using food items stocked from India during its onward journey to Stockholm, Copenhagen, Birmingham and Madrid, and use them when returning. It has said food items purchased from these foreign cities are much more expensive when compared to Indian cities.

Shares of YES Bank fell as much as 5.6 per cent to Rs 181.55 on the BSE in intra-day trade on Wednesday as the investors awaited the outcome of the bank's board meeting in regards to the appointment of the new managing director (MD) and chief executive officer (CEO).

At 2:22 pm, the stock of the private sector lender was trading at Rs 187.50 down Rs 4.80 or 2.5 per cent. Over 5.4 crores of shares were traded on the BSE and National Stock Exchange (NSE) so far.

German auto major Mercedes-Benz Wednesday reported 1.4 per cent increase in its sales in India with a record 15,538 units in 2018, retaining its leadership position in the luxury segment for the fourth year in a row. The company had sold 15,330 units in 2017, Mercedes-Benz India said in a statement.

Sales in 2018 were driven by an all-round performance across segments from the new-generation cars, sedans, SUVs and the AMG portfolio, it added.

New Delhi: Half-a-dozen investors, including ReNew Power Ventures Pvt. Ltd and Macquarie Infrastructure and Real Assets , are interested in acquiring the ₹5,000- crore clean energy business of debt-laden Infrastructure Leasing and Financial Services (IL&FS), said one person aware of the development.

It is not clear whether the telecom regulator, Trai, will explain the rationale behind its spectrum-pricing recommendations to the department of telecommunication (DoT), but a report in The Economic Times (ET) suggests it may not do so readily. ET quotes unnamed Trai officials as saying that, while the law allows DoT to ask Trai to reconsider its recommendations, there is nothing that says Trai has to give the rationale behind them. In any case, Trai has maintained, as FE reported last month,

TVS Motor Company on Tuesday joined other two-wheeler companies, including Hero MotoCorp, in seeking reduction of the goods and services tax (GST) rate on two-wheelers, pointing out that the mass commuting segment should not be treated on the lines of luxury goods. Raising concerns over the high GST rate, Venu Srinivasan, chairman, TVS Motor, said:

The BSE benchmark Sensex jumped over 200 points in opening trade. At 9:45, Sensex was up by 223.66 or 0.62% to trade at 36,178.41 points while Nifty was at 10,853.00 mark.

Asian shares climbed to a 3-1/2-week high on Wednesday, supported by growing optimism that the United States and China can strike a trade deal to avoid an all-out confrontation that would severely disrupt the global economy.

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