Bajaj Auto released its sales figures for the month of October on Wednesday. In the month, the two-wheeler maker's domestic motorcycle sales were up 5%, however, exports fell 11%. Its total sales (commercial vehicles and motorcycle sales) grew on 1% compared to the same period last year.

According to the data released in a statement to the BSE, Bajaj Auto sold 2,12,997 units of its motorcycles in the domestic market in October, compared to the 2,02,042 units sold in the same period last year, a growth of 5%.

Mahindra & Mahindra (M&M) has moved higher by 3% to Rs 1,359 on the BSE, bouncing back 4% from early morning lows, after reporting a strong 61% year on year (YoY) growth in total tractor sales at 45,177 units in October 2016.

M&M’ Farm Equipment Sector (FES) sold total (domestic + exports) 27,280 units during October 2015, the company said in a statement.

The five associate banks of State Bank of India (SBI) have booked heavy combined loss of Rs 3,096 crore in the financial year’s second quarter ended September, on a sharp rise in provisions for stressed loans.

This is an outcome of aligning the treatment of weak and bad loans on the books of associates with those for the SBI group, ahead of the proposed merger with the parent. Collectively, they had posted net profit of Rs 870 crore in July-September 2015. The highest loss this time was reported by State Bank of Patiala (SBP) at Rs 1,340 crore, followed by State Bank of Hyderabad (SBH) at Rs 776 crore.

In the wake of the recent data breach involving the banking system, insurance regulator IRDAI is in the process of setting up a cyber security framework to thwart any such incident in future.

The Insurance Regulatory and Development Authority of India (IRDAI) said it will be a comprehensive framework for the sector. The watchdog will also put in place an appropriate mechanism to mitigate these risks. "In this connection, it has been decided to form two separate working groups for life and non-life sectors (including health) comprising CIOs of insurers to discuss and decide on the issues related to cyber security," it said in a circular.

The price of subsidised cooking gas (LPG) was today hiked by over Rs 2 per cylinder, the sixth increase in rates in five months, while that of jet fuel was raised by a steep 7.3 per cent in step with global trends.

A subsidised 14.2-kg cylinder will now cost Rs 430.64 in Delhi as against Rs 428.59 previously, according to state-owned oil firms.Also, the aviation turbine fuel (ATF) price was hiked Rs 3,434.25 per kilolitre (kl), or 7.33 per cent, to Rs 50,260.63 per kl in Delhi.

National Highways Authority of India (NHAI) today said it has awarded a Rs 1,444 crore contract for widening of a highway stretch in Punjab to GR Infraprojects Ltd.

“The NHAI has issued Letter of Award (LOA) for development of national highway section in the state of Punjab under phase IV of National Highways Development Projects (NHDP),” NHAI said in a statement.

Leading automaker Tata Motors today said its group sales grew 21 per cent in October while car sales posted the highest sales in four years with a growth of 28 per cent on strong festive demand.Total sales (passenger and commercial vehicles), including exports, rose to 52,813 units in October, posting a growth of 21 per cent, over 43,486 vehicles sold in the same month last year.

Hyundai Motor India Ltd (HMIL), on Monday, reported its highest ever monthly sales at 64,372 units last month, up 4.3 %, as compared to October 2015.

The company had sold 61,701 units in the same month last year, HMIL said in a statement. In the domestic market, Hyundai sold 50,016 units last month as compared with 47,015 units in October last year, a growth of 6.4 %. However, exports declined by 2.2 % to 14,356 units as against 14,686 units in the same period last year.

MUMBAI: The benchmark BSE Sensex recovered about 41 points in early trade on Tuesday as investors widened their positions on encouraging infrastructure growth amid a mixed trend in Asian markets.

The 30-share barometer, which had shed 11.30 points on the first day of Samvat 2073 in special 'Muhurat' session on Sunday, was trading higher by 41.11 points or 0.14 per cent at 27,971.32, with the sectoral indices led by metal, auto and realty trading in the green, rising by up to 0.72.

Indian tennis player Sania Mirza has secured the 2016 WTA Year-End World No.1 Doubles Ranking, thereby finishing the second consecutive year as the top women’s doubles tennis player in the world.

“It’s very, very exciting to finish two years in a row as No.1,” Mirza told WTA after the rankings were declared in Singapore on Sunday. “It’s been an incredible year for me again, with seven WTA titles, a Grand Slam and ending the year at the WTA Finals in Singapore.

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