MUMBAI: Mercedes-Benz India is strengthening its go-to-market strategy to reach out to premium customers in tier-II and tier-III towns. The company is tapping 15 such markets — Jalgaon, Gandhinagar, Jamnagar, Valsad, Kutch, Amravati, Udupi, Bellary, Dharwad, etc, — this year to make basic service available for a luxury car buyer in these places.

The Department of Telecommunications (DoT) has rejected Vodafone India and Idea Cellular’s requests to recalculate their dues, saying its numbers are fine and that India’s second- and third-ranked telcos should pay up to get a final seal of approval on their merger at the earliest.

Telecom Regulatory Authority of India (Trai) Chairman R S Sharma has said that apps should collect minimal data just as UIDAI does to give 12-digit Aadhaar numbers to people.

Some apps are ridiculously collecting more-than-required data and the customers are unaware of what is being done with it, he said.

As Amazon marked its "Prime Day" with price cuts across a range of products, founder and chief executive Jeff Bezos saw his net worth hit new peaks, increasing his lead over fellow billionaires.

Bezos's net worth topped $150 billion on Monday, according to the Bloomberg Billionaires Index, making him the world's richest person in decades.

Private sector lender YES Bank may rope in Suresh Soni, former head of DHFL Pramerica AMC, to spearhead its foray into the Rs 23-trillion mutual fund industry. In early July, Yes Bank announced it had received the go-ahead from Securities and Exchange Board of India to start its mutual fund operations. Yes AMC will become the 43rd fund house to join the MF industry.

Nestlé India on Tuesday became the third FMCG (fast-moving consumer goods) company to cross Rs 1 trillion in market capitalisation (m-cap). Hindustan Unilever (m-cap: Rs 3.64 trillion) and ITC (m-cap: Rs 3.29 trillion) are the two others.

With Rs 1.02-trillion, Nestlé India is at 28th position in overall m-cap ranking, data on the BSE showed. Its shares closed at an all-time high of Rs 10,531.6 on Tuesday, up 3.14 per cent.

The Cellular Operators’ Association of India (COAI) has raised concerns on the new draft rules proposed by the Telecom Regulatory Authority of India (Trai) to check pesky calls and messages, as operators will have to bear additional costs to put in place a new system.

In May, Trai had proposed the use of blockchain technology to check the menace of unsolicited commercial communications (UCC) or pesky communications.

Microsoft-owned social network for professionals LinkedIn has crossed the 50-million user mark in India, its second largest market globally, as its strategy to build localised products for the country begins paying dividends.

With this, the company has doubled its user base in the country in the past four years. “Our members-first, localised approach has helped us cross the 50-million mark in India.

New Delhi: Maruti Suzuki India Ltd, the seller of every second car in the country, plans to introduce its first entry-level car in India in more than two decades, as a revival in rural consumption is expected to boost demand for such vehicles.

The made-in-India car, code-named Y1K, is in the development stage at the company’s newly built research and development facility in Rohtak, said two people with direct knowledge of the matter.

The BSE Sensex recovered over 107 points to 36,431.17 in early trade on Tuesday on fresh buying by investors after a sharp drop on global crude oil prices and a strengthening rupee.

The 30-share index, which had lost 224.64 points in the previous two sessions, rebounded 107.40 points, or 0.30%, to 36,431.17 with stocks of oil & gas, FMCG, infrastructure, PSU, banking, consumer durables and auto sectors rising by up to 1.69%.

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