Ruling out the possibility of inorganic expansion, Punjab National Bank (PNB) Managing Director Sunil Mehta said the bank is currently focussed on internal consolidation and making it financially healthy.

With Rs142 billion Nirav Modi episode getting out of scene, the bank is focussing on growth and recovery of bad loans, he told PTI.

Mumbai: In a major setback for utility vehicle (UV) maker Mahindra and Mahindra Ltd (M&M), a US district court in Michigan denied the company’s motion for a preliminary injunction that would have prevented Fiat Chrysler Automobiles (FCA) US LLC from bringing a complaint against it in the US’s International Trade Commission (USITC).

The Commercial Vehicles Business Unit (CVBU) of Tata Motors has signed a three-year-long partnership with the Pro Kabaddi League (PKL) as associate sponsors from this season.

Concurrently, Tata Motors would extend their commercial support to PKL franchise UP Yoddha as the principal sponsor for the second consecutive year, a media release from the company said Saturday.

No sooner had technology giant Microsoft made its latest “Windows 10 October 2018” update available for download on Tuesday than the users began complaining of sudden deletion of documents from their systems. Microsoft users who had installed the Windows 10 October 2018 update complained that the update feature has wiped out their user profiles including documents and photos.

MUMBAI: British American Tobacco (BAT) defeated a special resolution to grant stock options to employees of ITC and its subsidiaries in a move that rekindled memories of the battle for control between the overseas shareholder and the Indian company’s management that raged two decades ago.

US automaker Ford -- which announced a major restructuring in July -- unveiled plans Friday to reduce its workforce worldwide, without specifying the extent of the plan.

"We are in the early stages of reorganizing our global salaried workforce to support the company's strategic objectives, create a more dynamic and empowering work environment, and become more fit as a business," Ford said late Friday.

A Delhi court Saturday granted bail to RJD chief Lalu Prasad's wife Rabri Devi and son Tejashwi Yadav and others in an Indian Railway Catering and Tourism Corporation (IRCTC) scam case lodged by the CBI.

Special Judge Arun Bhardwaj also granted interim bail till November 19 to Rabri Devi, Tejashwi Yadav and others in a money laundering case filed by Enforcement Directorate (ED) in relation to the alleged scam.

Coal India (CIL) has approved the performance linked reward of Rs 60,500 for its non-executive employees against the company’s performance in FY18.

The decision was taken by the company’s standardisation committee on Friday.

BMW Group India on Friday said that it continues its momentum with a double-digit growth so far this year. The company has delivered 7,915 cars (BMW + MINI) to customers in the nine-month period of January-September 2018, registering a growth of 11% over the same period last year.

The government’s decision to curtail marketing margins on auto fuels by Rs 1/liter brings to fore the earnings uncertainty for oil PSUs, associated with an environment of higher crude prices amid the government’s socio-economic compulsions.

We reiterate our negative stance on OMCs, while seeing a possibility of further curtailment of profitability given the rising ask-rate of fuel prices hikes amid higher crude and a weaker rupee.

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