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Skoda launches new Rapid at Rs 8.3 lakh to take on Ciaz, Verma

Skoda launches new Rapid at Rs 8.3 lakh to take on Ciaz, Verma

Czech auto company Skoda, part of the Volkswagen Group, on Thursday introduced a refreshed variant of its compact sedan Rapid at Rs 8.27 lakh (ex-showroom, Delhi) onwards. Rapid competes with models like Honda City, Maruti Suzuki’s Ciaz and Hyundai Verna.

Beginning at Rs 8.27 lakh, the petrol run Rapid comes in three variants, priced up to Rs 11.36 lakh. The diesel powered vehicle is priced between Rs 9.48 lakh to Rs 12.67 lakh.

Microsoft launches messaging system for businesses, takes on Slack and Facebook's Workplace

Microsoft launches messaging system for businesses, takes on Slack and Facebook's Workplace

Microsoft Corp launched a messaging system for businesses, Microsoft Teams, on Wednesday, putting it in direct competition with fast-growing startup Slack and Facebook Inc's Workplace product.

The new software will be part of Microsoft's Office 365 services, a cloud-based software suite that has more than 85 million monthly active commercial users.

Sensex closes 349 points lower, Nifty ends at 3-month low

Sensex closes 349 points lower, Nifty ends at 3-month low

Mumbai: The BSE Sensex on Wednesday tumbled over 349 points to close at 27,527.22 on weakening global cues after the latest poll suggested that Republican candidate Donald Trump was slightly ahead of market favourite and his Democratic Party rival Hillary Clinton in the US Presidential polls.

Also, the broader NSE Nifty broke below the 8,600-mark level to close at an over three-month lows. Investors are also waiting the US Federal Reserve’s interest-rate decision later today.

Reliance Industries plans to invest another Rs 1 Lakh crore for the enhancement of the Reliance Jio network

Reliance Industries plans to invest another Rs 1 Lakh crore for the enhancement of the Reliance Jio network

Following its launch on September 5, and after spending Rs 1.5 lakh crore, Chairman and Managing Director of the Reliance Industries Limited have revealed plans of spending another Rs 1 lakh crore on the Reliance Jio in the next four years for the better expansion of the network. Although, most of the calls in the network are dropped due to PoI and MNP issues, the telecom network which already had added 16 million customers within a month of its launch, have plans of adding at least 100 million customers by the end of a year.

Air India mulls leasing Dorniers to boost regional services

Air India mulls leasing Dorniers to boost regional services

Flag carrier Air India is mulling leasing ten Dornier aircraft from Hindustan Aeronautics Ltd to boost its regional operations as the government looks to make flying more affordable under the ambitious UDAN scheme.

State-owned HAL is already making the Dornier 228 planes under licence from Swiss technology company RUAG for the defence forces and European markets.

Sebi tightens norms for credit rating companies

Sebi tightens norms for credit rating companies

Mumbai: The Securities and Exchange Board of India (Sebi) on Tuesday asked credit rating agencies to frame detailed rules for rating criteria, processes and responsibilities of rating analysts and increase the range of their disclosures. Raters have 60 days to adhere to these norms.

The capital markets regulator asked rating companies to define on what basis they rate companies and how the rating process is carried out.

Microsoft says hacking group targeted Windows, Adobe Flash

Microsoft says hacking group targeted Windows, Adobe Flash

Seattle: Microsoft Corp. said a computer-hacking group that has previously targeted government agencies attacked its Windows software and Adobe Systems Inc.’s Flash product.

The company will release a security patch for its operating system on 8 November, Windows chief Terry Myerson said Tuesday in a blog post on Microsoft’s website.

National Highways: NHAI’s toll-operate- transfer model may bring new opportunities for players

National Highways: NHAI’s toll-operate- transfer model may bring new opportunities for players

The toll-operate and transfer (ToT) model, through which the government intends to lease out 75 operational national highways essentially to private players, including global funds with patient capital, is likely to open up a new set of business opportunity for existing players as well as new entrants into the operation and maintenance (O&M) space.

CIL's coal supply to power sector dips 3 per cent in April-September

CIL's coal supply to power sector dips 3 per cent in April-September

NEW DELHI: State run miner CIL's coal supply to power sector declined by 2.9 per cent to 184.9 million tonnes (MT) in the first six months of the current fiscal even as demand for the fossil fuel has started picking up.

The dispatch of dry fuel by Coal India (CIL) in the corresponding period of FY'16 was at 190.6 MT, government data said.

Ford India sales up 8% in October

Ford India sales up 8% in October

Ford India today reported 7.94% growth in total sales at 22,043 units in October this year, riding on its overseas shipments.

The company had sold 20,420 units in the same month of last year, Ford India said in a statement.

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