Swedish automaker Volvo Cars plans to locally assemble two more models -- XC 60 and V 90 Cross Country -- in India to strengthen business in the country.

It currently assembles XC 90 and S 90 models at the Bangalore-based manufacturing plant.

Maruti Suzuki India's(MSI) entry-level hatchback Alto retained its status as the best selling passenger vehicle in India in 2017-18, leading the company's dominance with seven of its models featuring in the top ten list.

According to data by the Society of Indian Automobile Manufacturers (SIAM), Hyundai Motor India Ltd's (HMIL) three models made it to the list.

Mumbai: Wipro Consumer Care and Lighting is scouting for personal and home care acquisitions in the Middle East, Indonesia, Vietnam, China and India, chief executive officer Vineet Agrawal said.

The consumer care unit of Wipro Ltd making Santoor soaps and Yardley fragrances started as an oil crushing unity in the 1940s, and now earns more than half of its revenues from international operations.

Mumbai: The Securities and Exchange Board of India (Sebi) is in talks with the ministry of finance to prevent an outgo of around Rs4,400 crore from its accounts to the government, fearing that it will impact its autonomy as regulator and hinder market development projects, said two people with direct knowledge of the matter.

Mumbai: The Hinduja Group flagship, Chennai-based Ashok Leyland, plans to redesign its light commercial vehicles (LCVs) to serve the fast-growing Indian e-commerce industry’s last-mile delivery needs, according to a senior company executive.

LCVs are defined by industry body Society of Indian Automobile Manufacturers (Siam) as vehicles having a maximum mass under 7.5 tonnes.

New Delhi: The Board of Control for Cricket in India (BCCI) should be brought under the ambit of the Right to Information (RTI) Act and held accountable to the public, the Law Commission has recommended to the government.

The commission has asked the government to treat BCCI as an agency of the state under Article 12 of the Indian Constitution.

New Delhi: The income tax (I-T) department has cautioned salaried taxpayers against under-reporting their income or inflating their deductions in assessment year 2018-19.

It has also warned intermediaries like chartered accountants against abetting such tax evasion. Any infractions will invite action under various penal and prosecution provisions of the Income Tax Act.

The BSE benchmark Sensex rose over 100 points in early trade today tracking strong Asian cues supported by a rally in oil prices and easing global trade concerns.

The 30-share index was trading higher by 147.14 points, or 0.42 %, to 34,478.82 with metal, realty, FMGC, Teck, IT and capital goods stocks rising up to 1.81 %.

After losing market share in the utility vehicle (UV) segment to competition in FY18, Mahindra & Mahindra (M&M) seems to be in fight-back mode. On Wednesday, it launched the new XUV 5OO at a much more affordable price point, perhaps with an eye on the volumes that are being garnered in the sports utility vehicle (SUV) segment by later entrants like Maruti and Hyundai whose models were priced cheaper. In fact, Maruti in FY18 has emerged as the new leader in SUVs in India.

The early part of calendar 2018 saw 15 scheduled commercial banks – including the country’s three largest banks and 10 from south India – scale back their network of point-of-sale (PoS) terminals. According to data released by the Reserve Bank of India (RBI), the size of the POS networks of the 15 banks shrunk between 0.4% to 33% in the December 2017 to February 2018 period.

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