Does a value of Rs46,000 crore for SBI Life Insurance Co. Ltd that holds a little over 9% market share, look rich? Analysts are divided but the answer could of course be found in its performance in the first half of 2016-17.

The 3.9% stake sale by the insurer’s parent, State Bank of India (SBI), to KKR and Temasek Holdings at Rs460 a share valued the business at Rs46,000 crore, a shade lower than ICICI Prudential Life Insurance Co. Ltd (valued at Rs47,957 crore through the initial public offering in September).

DLF Ltd’s woes did not ease in the September quarter, in spite of tall expectations. Residential unit sales were few and far between even as commercial leasing activity remained flat.

The quarter’s net consolidated revenue at Rs2,226 crore just matched the year-ago period’s figure.

In order to facilitate ease of doing business, Sebi has notified rules to provide permanent registration to merchant bankers, investment advisers, research analysts and eight other categories of market intermediaries.

The Securities and Exchange Board of India (Sebi) already gives permanent registration to stock brokers and sub-brokers subject to their compliance with certain requirements.

NEW DELHI: Hyundai Motor India Ltd today said it will hike prices by up to Rs 1 lakh across models from January to offset higher input costs, fluctuating exchange rates and marketing expenses.

"In these challenging year-end market conditions, we are constrained to consider price increase on account of factors like increased input costs, fluctuating exchange rates and increasing marketing expenses," HMIL Senior Vice President, Sales and Marketing Rakesh Srivastava said in a statement.

NEW DELHI: Marking its foray into wind power generation, state-owned NTPC has partnered with Inox Wind for a 50-MW wind project to be deployed in Gujarat.

"Inox Wind Ltd... has bagged an order for a 50-mw wind power project to be deployed in the state of Gujarat from NTPC Ltd" a press release said.

NEW DELHI: India’s oil demand grew 12% in November as customers rushed to petrol pumps to purchase fuel with their old currency notes after the government demonetized high-value notes.

Petrol sales surged 14.25% in November while the demand for diesel, which accounts for nearly 40% of all oil consumed in the country, rose 10.45%.

Axis Bank, India's top importer of gold, has suspended the bank accounts of some bullion dealers and jewellers after two of its executives at a branch were arrested over alleged money laundering.

The move is likely to curtail imports by the world's second-biggest gold consumer this month and could weigh on global prices already near their lowest level in ten months.

Automobile major Tata Motors on Monday said it will hike the prices of its passenger vehicles from between Rs 5,000 and Rs 25,000 due to the impact of various macro-economic factors.

The price increase will be effective from January 1.

Infosys chief executive Vishal Sikka says he would look at building the company’s artificial intelligence (AI) offerings as a standalone business, independent of the traditional services, to help build next generation applications for its customers.

With its artificial intelligence platform Mana, a part of the Infosys Aikido framework, the company is looking to help clients reduce costs and improve productivity through automation and free resources to build new applications that adds value to their business.

New Delhi: The Competition Appellate Tribunal (Compat) on Friday found car manufacturers Ford India Pvt. Ltd, Nissan Motor India Pvt. Ltd and Toyota Kirloskar Motor Pvt. Ltd guilty of anti-competitive conduct in the spare parts market, ruling that there could not be any restrictions on the supply of spare parts.

Compat, in the process, upheld a 2014 order of the Competition Commission of India (CCI) pertaining to 14 car makers, including the three companies cited above.

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