MUMBAI: "Gift your family a raksha pack," is the sales pitch doing the rounds across Maruti Suzuki dealerships these days, coinciding with the festival of Raksha Bandhan. Maruti started offering airbags and anti-lock braking system (ABS) as an option — at an extra cost of Rs 6,000-20,000 on entry-level cars — a year ago, but the demand for these safety features has been dismal.

For the second year in a row, Indian Railway Catering and Tourism Corporation (IRCTC) has made it to the prestigious Fortune India Next 500 list of Indian companies, with the Railway Ministry PSU improving its ranking to 199 from 328 in 2015.

The awards, which recognise the outstanding contributions of the companies made during last year, will be presented on Friday (Aug. 19) as a part of Fortune India?s The Next 500 summit at Leela Palace hotel here.

National Mission for Clean Ganga (NMCG) has signed an MoU with Indian Oil Corporation Ltd (IOCL) as per which IOCL will use treated water from a new sewage treatment plant (STP) in its Mathura refinery.

The construction work for the new STP in Mathura began on August 17, 2016. The treated water from this STP will be used by industries in the neighbouring areas. The 20 million litre per day (MLD) STP in Vrindavan will be built at a cost of Rs 40 crore.

State Bank of India (SBI) & its listed associate banks mainly State Bank of Travancore (SBT) and State Bank of Bikaner & Jaipur (SBBJ) have rallied by up to 9% on the BSE in early morning trade after SBI on Thursday approved the share swap ratios for the merger of five associate banks and Bharatiya Mahila Bank with itself.

SBI will issue 28 shares of Rs 1 each for 10 shares of Rs 10 each for the SBBJ, and 22 shares for 10 shares of the SBT. Likewise, shareholders of SBM will also get 22 shares in SBI for every 10 shares held by them in SBM.

Leading stock exchange BSE will shift stocks of seven firms to the restricted trading category from August 26 for not complying with listing obligations and disclosure norms.

In a circular, BSE said it would shift the scrips to the Z group, wherein their scrips would be settled on trade-for-trade basis.

Tata Consultancy Services (TCS), India's leading information technology (IT) services provider, and JetBlue, one of the leading airlines in the US, are ramping up their relationship to strategically optimise and transform key business channels and enhance digital customer touch points.

During a three-year relationship, JetBlue has leveraged TCS' airline expertise to develop new platforms, and for quality assurance and infrastructure services.

Private lender ICICI Bank Thursday went live with a product that was showcased first at a start-up competition which allows customers to do banking transaction while using other application on mobile phones.

Customers can transfer money, pay bills and recharge from within any application or browser using smartphone keyboard which will reduce transaction time, the bank said in a statement today.

Calcutta, Aug. 17: The Centre expects to collect Rs 23,944.4 crore from Coal India subsidiaries in the current fiscal as clean environment cess.

The levy on coal, lignite and peat came into effect from August 2010, and the budget this year has doubled it to Rs 400 per tonne from Rs 200 per tonne.

Mumbai: The Securities and Exchange Board of India (Sebi) is investigating an unusual rise in the stocks of Cairn India Ltd and Vedanta Ltd during the run-up to the announcement of revised terms for their merger on 22 July, two people with direct knowledge of the matter, including a Sebi official, said on condition of anonymity.

The regulator is checking if any entity made illegitimate gains by trading in these two stocks on the basis of any privileged, unpublished price-sensitive information about the fresh merger terms before they were publicly announced, they added.

Three months after State Bank of India (SBI) announced the merger of its five associate banks with itself, investors who took a large helping of their shares seem to have celebrated too soon.

The SBI stock itself has gained 39%, while shares of its listed associates have surged 26-43% ever since the merger was announced. On the face of it, the merger looks sound. The country’s largest lender will become cost-efficient even as it fattens itself to compete with world-ranking large banks.

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.