Mercedes-Benz S-Class has been known for being one of the most luxurious saloons the world has ever seen. Now though, with the widespread talks over electric mobility, the German marque is working on an all-electric equivalent of its flagship saloon car - the Mercedes-Benz S-Class. Once launched, it will rival the upcoming zero-emissions Jaguar XJ and next-generation electric Audi A8, however, unlike the two it will not be a variant of the S-Class.

Infosys is set to announce its fourth-quarter numbers on April 13. On a year-to-date basis, the stock has rallied around 10 per cent and has outperformed the Nifty IT index that gained around 9 per cent during this period. By comparison, the Nifty50 index slipped around 2 per cent YTD.

Analysts expect information technology (IT) firms to report an improvement in earnings before interest and taxes (EBIT) margins in Q4FY18, aided by currency, operational efficiency and automation.

New Delhi: The possible coming together of online retailers Amazon and Flipkart is likely to face close scrutiny on competition issues as the combined entity will be a dominant player in the fast growing Indian e-commerce market, according to experts.

While there is no formal announcement from any quarter on the possible multi-billion dollar deal, reports indicate that discussions involving Flipkart and Amazon are going on.

Mumbai: The board of ICICI Bank Ltd, which less than two weeks earlier expressed full faith in chief executive officer Chanda Kochhar, is divided over whether to ask her to step down as federal authorities investigate allegations of impropriety over loans made to Videocon group, people with knowledge of the matter said.

At least some outside directors are opposed to Kochhar continuing in her role, according to the people, who asked not to be identified as the information is not public.

The Supreme Court will hear petition filed by a lawyer seeking SIT investigation into the alleged Rs 13,000 crore Punjab National Bank (PNB) scam on Monday, ANI reported. Already, non-bailable warrants (NBW) have been issued against prime accused billionaire diamond merchant Nirav Modi and his uncle and co-accused Mehul Choksi by the Central Bureau of Investigation on Sunday. A special court in Mumbai had issued warrants against the two yesterday.

Reliance Industries (RIL) has been asked by the Directorate General of Hydrocarbons (DGH) to relinquish two deep-sea satellite gas discoveries—D6 and D19—in the KG-D6 block, off India’s east coast after the company told the regulator that it had no immediate plan to develop these fields.

The government will not look at making any revisions to the transaction details for the divestment of Air India, sources told FE, as it is seeing enough interest from prospective overseas bidders. This assumes significance in light of homegrown budget airline IndiGo, the first airline to express its interest in buying into the ailing national carrier, pulling out from the race citing its inability to turn around the airline and consummate the deal in its current form.

Telecom operators body COAI has approached the Department of Telecom demanding action against Sify Technologies calming that the internet services provider (ISP) has been using spectrum in the 5 GHz band, which is in violation of the current laws.

Sensex and Nifty opened in green on Monday taking cues from Asian shares. Benchmark indices extended early gains, with the Sensex rising 124.15 points to 33,751.12 and the Nifty gaining 44.90 points at 10,376.50. Among the top gainers were Kotak Mahindra Bank with 1.22 per cent gains while Bharti Airtel and ICICI Bank were the top losers.

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 10.63 billion for sale.

Both the banks said they will conduct the e-auction on 20th of this month.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.