New Delhi: Bajaj Auto on Wednesday reported 30 per cent increase in sales at 4,00,343 units in July.

The company had sold 3,07,727 units in the year-ago month, Bajaj Auto said in a statement. Domestic sales were at 2,37,511 units as against 1,86,497 units, up 27 per cent, it added.

Benchmark Sensex slipped from life highs to fall over 100 points to 37,381.05 today as markets took a breather after six consecutive record-setting sessions.

Weak trend in other Asian markets, muted earnings and fresh foreign capital outflows weighed on investor sentiment here.

Days after TRAI chief's Aadhaar dare created a flutter, the Unique Identification Authority of India (UIDAI) today asked people not to share publicly their 12-digit identifier on Internet and social media, or pose such challenges to others.

"Such activities are uncalled for and should be refrained as these are not in accordance with the law," UIDAI said in a statement.

The government has detected GST evasion worth Rs 3,026 crore in the last one year in relation to misuse of input tax credit and non-payment of taxes, the Rajya Sabha was informed on Tuesday.

In a written reply, Minister of State for Finance Shiv Pratap Shukla said between July 2017 and June 2018, a total of 1,205 cases of tax evasion were detected involving Rs 3,026.55 crore.

New Delhi/Mumbai: Paytm Payments Bank has stopped enrolment of new customers on its platform following observations made by the Reserve Bank of India, four people with knowledge of the matter said. Paytm stopped enrolling new customers on 20 June following an audit by RBI

A day after declaring its results for the June quarter, Axis Bank put on sale a portfolio of loans worth Rs 1,062 crore and sought bids from asset reconstruction companies (ARCs) on a cash basis, according to a public notice.

The names of the accounts and the bank’s exposures to individual accounts could not be ascertained immediately.

SBI General Insurance reported a net profit of Rs 113 crore for the first quarter of current fiscal, over two-fold rise from the previous year. The rise in profit for the general insurer was largely due to the lower combined ratio and underwriting profits.

Rikhil Shah, CFO, SBI General Insurance said, “We are one of the youngest players in the sector and have seen a steady but impressive growth since commencing operations.

Even though Idea Cellular has surprisingly reported a net profit of Rs 2.57 billion for the June quarter due to a one-time gain from the sale of its tower assets, key performance metrics of the company remain weak.

The Aditya Birla Group company, which will soon be merged with Vodafone India, has seen deterioration in revenues, operating profit, margins and average revenue per user (ARPU).

In a major blow to the government in the gas migration dispute between Reliance Industries (RIL) and state-owned ONGC, an international arbitration tribunal on Tuesday ruled in favour of a consortium led by the Mukesh Ambani-led conglomerate.

The tribunal rejected the government’s claim of illegal gas production by the consortium from the neighbouring block of ONGC in the Krishna-Godavari (KG) basin.

The Life Insurance Company (LIC) considers its decision to own 51 per cent in state-owned IDBI Bank a sound business move and a good investment opportunity, Finance Minister Piyush Goyal said on Tuesday.

“With the approval of LIC’s board, which was of the view that the proposed acquisition is a sound business proposition and is both commercially viable and a good investment opportunity

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