The National Company Law Appellate Tribunal has provided partial relief to Cyrus Mistry by asking Tata Sons to not force the former to sell his shares in the company.

However, the court said it would decide on the conversion of Tata sons into a private company after final arguments. The next date is September 24.

Jet Airways under its ‘International Flight Sale’ scheme is offering flight tickets for as low as Rs 4,299 to the flyers. Booking tickets under this offer allows passengers to one-way flight tickets to any of the 20 destinations on offer across the globe including popular tourist destinations such as Colombo, Bangkok, Dubai, Paris and others. Nevertheless, in order to avail a round trip, flyers need to pay nearly Rs 9,999. The Jet Airways offer ends August 25.

Ashok Leyland has bagged an order to supply Tracked Vehicle space for the Indian armed forces. The tender is meant for developmental work and marks Ashok Leyland's foray into tracked vehicle business.

As per the scope of the work, the company will collaborate with Combat Vehicles Research and Development Establishment (CVRDE), Chennai for the manufacturing, assembly and testing of lightweight clutch for the design and development of weight optimised 1500hp Automatic Transmission for Main Battle Tanks.

The thirty-seventh annual general meeting (AGM) of the country’s largest carmaker, Maruti Suzuki, was somewhat unusual. With a multi-year high market share of about 52 per cent in the world's fifth-largest car market, the company's shareholders want more.

A few shareholders now want the company to move up the ladder and explore an entry into the luxury car segment. At the AGM held in the capital on Thursday, one of the shareholders pointed out to the management that it was time for Maruti Suzuki to consider competing with the likes of the German luxury trio — Mercedes-Benz, BMW, and Audi.

Amid ongoing political slugfest over accepting foreign aid for relief work in Kerala, the UAE Ambassador has said that there has been no official announcement on the amount of financial aid.

The Ambassador's remark comes amid the Home Ministry statement that the governments will not take any financial assistance from foreign governments in sync with an existing policy.

Indian rowers won a gold and two bronze medals in an incredible start to the sixth day of competitions at the 18th Asian Games in Palembang, making up for the disappointment in the days gone by.

The team comprising Sawarn Singh, Dattu Bhokanal, Om Prakash and Sukhmeet Singh clocked 6:17.13 to win the gold medal in men’s quadruple sculls.

Reliance Industries (RIL) on Thursday became the first Indian company to cross Rs 8 trillion in market capitalisation. The stock gained 1.9 per cent to close at Rs 1,270, valuing the Mukesh Ambani-led firm at Rs 8.05 trillion ($115 billion at current exchange rate of Rs 70.11 for a dollar).

Shares of RIL have rallied 34 per cent from their recent low of Rs 945 on June 28 amid big-bang announcements during its annual general meeting (AGM) in early July. During the same period, the benchmark BSE Sensex gained 9.5 per cent.

Engineering conglomerate Larsen & Toubro’s board on Thursday approved the company’s first buyback in its 80 years, for up to 4.29 per cent of its paid-up equity capital, aggregating to a value of about Rs 90 billion. In terms of amount proposed, the buyback is the fifth largest by any Indian company.

State Bank of India (SBI) has chalked out resolution plans for about half a dozen stressed power assets. But their future is still uncertain as other lenders are yet to come on board even as the Reserve Bank of India’s deadline for beginning insolvency proceedings ends on August 27. SBI is the lead lender, with an exposure of Rs 700 billion to these companies.

TVS Radeon 110cc: TVS Motor has launched the new Radeon premium commuter motorcycle in India at a price of Rs 48,400 (ex-showroom). The Radeon, which has been positioned as a premium commuter motorcycle will address a section of the Indian market that is yet unaddressed according to TVS Motor. The Radeon will employ a 110cc Duralife motor that is designed to deliver 8hp @ 7000 rpm and 8.7Nm of torque at 5000 rpm.

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