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Maruti Suzuki recalls Super Carry mini truck to fix fuel pump supply defect

Maruti Suzuki recalls Super Carry mini truck to fix fuel pump supply defect

Country's largest carmaker Maruti Suzuki India (MSI) Wednesday said it is recalling 640 units of its light commercial vehicle Super Carry sold in the domestic market to inspect and fix a possible defect in the fuel pump supply.

The recall covers Super Carry units manufactured between January 20 and July 14, 2018, MSI said in a statement.

Microsoft launches its first Surface headphones

Microsoft launches its first Surface headphones

Refreshing its Surface laptop line-up, Microsoft has announced four new products — Surface Pro 6, Surface Studio 2, Surface Laptop 2 and first-ever Surface Headphones — along with new innovations in Windows and Office 365.

At an event in New York on Tuesday, Microsoft also announced that the Windows 10 October 2018 update has arrived for its users.

L&T bags Rs 30.36-bn order to build T2 of Bengaluru international airport

L&T bags Rs 30.36-bn order to build T2 of Bengaluru international airport

Larsen & Toubro (L&T) Wednesday said its buildings and factories business has won Rs 30.36-billion order from Bangalore International Airport Ltd (BIAL) to construct terminal-2 of the Kempegowda International Airport, Bengaluru.

"The scope of work includes design, engineering, procurement, construction, testing and commissioning of terminal-2

ONGC not in a hurry to offload stake in IOC, GAIL

ONGC not in a hurry to offload stake in IOC, GAIL

State-owned Oil and Natural Gas Corp (ONGC) is not in a hurry to sell its stake in Indian Oil Corp and GAIL (India) and will wait for the right price before offloading the shares, a senior company official said.

ONGC holds 13.77 per cent stake in oil refiner IOC and 4.86 per cent in gas utility GAIL India.

TCS doubles pay for fresh hires with new-age skills

TCS doubles pay for fresh hires with new-age skills

Tata Consultancy Services (TCS) has offered about 1,000 freshers with new-age digital skills almost double the salary it normally pays those coming out of campuses. While the entry-level salary of Indian engineers in the IT industry has been stuck at about Rs 3.5 lakh per annum for the past decade, TCS is offering those with digital skills a starting salary of about Rs 6.5 lakh.

YES Bank rallies for second straight day; should you buy?

YES Bank rallies for second straight day; should you buy?

Shares of YES BankN extended their rally for the second straight session after the lender said it is fully geared up for the succession plan for the post of its MD and CEO and will finalise two external experts for the search committee by October 7.

“The bank is fully geared for the MD & CEO’s succession. Pursuant to the board of directors meeting dated September 25, 2018, the two external experts of the Search & Selection Committee will be finalised by October 7, 2018," Yes Bank said in a statement.

Sensex falls over 200 points, Nifty slips below 11,000

Sensex falls over 200 points, Nifty slips below 11,000

The BSE Sensex fell over 200 points and the NSE Nifty dropped below the 11,000-level in early trade Wednesday after the rupee dropped to a new low amid sustained foreign fund outflows and surging crude oil prices.

The BSE 30-share barometer fell 231.08 points, or 0.63 per cent, to 36,295.06 after hitting a low of 36,325.15.

Coal India plans to pick up 20-30% stake in Australian coal mining firm

Coal India plans to pick up 20-30% stake in Australian coal mining firm

Coal India is in talks with an Australian coal mining company to pick up a stake in the range of 20-30 per cent. If the deal materialises, it will ensure a steady supply of coking coal to Indian steel and allied companies.

The country’s coal giant plans to set up an office in Brisbane this year and the pact will mark its second foray into foreign shores, the first being in Mozambique way back in 2009.

Apollo Hospitals plans to offer new financing options to patients

Apollo Hospitals plans to offer new financing options to patients

As competition grows in the organised health care services, Apollo Hospitals, the largest player in the segment, plans to offer new financing options to patients in partnership with financial institutions and start-ups.

The company has recently made a Rs 25-million investment in social-impact crowd-funding platform, Impact Guru Technology Ventures, in a Series A round. This is expected to help the company offer innovative, quick, and cost-effective patient-financing solution.

Walmart India eyes 10% revenue from private labels by 2019

Walmart India eyes 10% revenue from private labels by 2019

Walmart India, which runs 22 Best Price wholesale stores since its second entry into the country in 2019, is planning to increase the share of its private labels to top line to 10 per cent by next year as it plans to tap the Flipkart platform.

The company opened its 22nd store in Ludhiana late last month, which is the sixth in the state, where it began with and the second in the Punjab city. The firm will have 30 stores by the time it completes a decade of its second coming next year.

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