Hyundai Motor India (HMIL) expects passenger vehicles (PV) sales to pick up from next month with the launch of its new family hatchback, a senior company official said on Thursday on the sidelines of the annual SIAM conference.

“The Onam festival season was a dampener for PV makers due to floods in Kerala. The industry lost out on sales of nearly 32,000 vehicles. September sales are likely to remain low as well due to new insurance regulations and shradh period.

In the presence of Prime Minister Narendra Modi at the MOVE Global Mobility Summit, Suzuki Chairman O Suzuki confirmed that Maruti Suzuki will commence the testing of its electric cars starting next month. Earlier, RC Bhargava, Chairman, Maruti Suzuki had confirmed that Maruti Suzuki will launch its first electric car in India in 2020.

Cryptocurrencies dropped sharply for the second time in less than 24 hours, sinking toward a nine-month low amid concern that broader adoption of digital assets will take longer than some anticipated.

Bitcoin, the largest cryptocurrency, tumbled as much as 9.8 per cent and was trading at $6,358 as of 11:54 a.m. in London, according to Bloomberg composite pricing.

US President Donald Trump pledged Thursday to complete a deal on denuclearising the Korean peninsula together with North Korean leader Kim Jong Un, signalling that negotiations remain alive after weeks of an apparent deadlock.

"Kim Jong Un of North Korea proclaims 'unwavering faith in President Trump.' Thank you to Chairman Kim. We will get it done together!" Trump wrote on Twitter.

State Bank of India (SBI) has taken 1,200-Mw Jindal India Thermal Power project in Odisha to the National Company Law Tribunal (NCLT) for insolvency proceedings as stake sale failed.

The 180-day deadline to find a resolution also ended last week. The operational project, which landed in soup because of cancellation of coal block, has been operating at below optimum level.

The National Company Law and Appellate Tribunal (NCLAT) in New Delhi will on Friday give its verdict over the petitions filed by ArcelorMittal and Numetal in the Essar Steel insolvency case.

The companies had filed petitions challenging the decision by Essar Steel’s resolution professional to bar both from bidding the stressed firm.

Johnson & Johnson (J&J) is learnt to have agreed to pay compensation to patients who received faulty hip implants years ago. This comes after the regulator — Central Drugs Standard Control Organisation — asked the medical device maker to pay Rs 2 million as interim compensation to the recipients of such implants, as recommended by a committee appointed by the government. Last month, the government asked states to form separate committees to evaluate claims.

Known for coming up with easy-to-remember names for numerous schemes and applications that he unveils, Union Railway Minister Piyush Goyal on Thursday asked his department to come up with a new “catchy” name for IRCTC (Indian Railway Catering and Tourism Corporation).

The minister said that even he finds it difficult to remember it sometimes and would be better to have a name that is easy to remember while browsing the internet.

Shares of Bajaj Auto were up by 3% at Rs 2,875 per share on the BSE in an otherwise weak market after the company announced its plan to expand 3 wheelers & quadricycle capacity to 1 million per year as Government announced an end to permits.

At the Society of Indian Automobile Manufacturers (SIAM) convention on Thursday, the Minister for Transport,

India's second-largest software services exporter Infosys Ltd said on Friday it formed a joint venture with Singapore state investor Temasek as it expands its presence in Southeast Asia.

Temasek looks to enhance its IT services through the venture in which Infosys will hold a 60 per cent stake and Temasek 40 per cent, Infosys said in a statement.

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