Ashok Leyland, the country’s leading commercial vehicle manufacturer, said on Thursday it has won an order from the Tamil Nadu government for providing 552 Ultra-Low Entry (ULE) diesel non-AC buses.

Ashok Leyland, the Indian flagship company of the Hinduja Group, said the Tamil Nadu State Transport Corporation (TNSTC) already operates 18,477 of its buses.

AstraZeneca Pharma India Limited on Thursday said it will launch Trastuzumab Deruxtecan, also known as Enhertu, which is used in the treatment of HER2-positive breast cancer, in January 2024.

The company received clearance from the Central Drugs Standard Control Organisation (CDSCO) to import and sell Enhertu in May 2023.

Fintech company PhonePe on Thursday announced a new section on its platform for users to view their credit bureau score.

The company said users can use the section, which is on the homepage of the PhonePe app, without any additional cost to manage their credit or Rupay cards, repay loans or pay credit card bills.

Indian equity benchmarks witnessed wild swings on Wednesday, with both the S&P BSE Sensex and the National Stock Exchange Nifty hitting new highs intraday but ending the session with the biggest losses in many months amid profit booking.

Concern about the rise in Covid cases and elevated valuations in midcap and smallcap stocks also weighed on sentiment.

Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is lending $120 million to Tata group’s Air India to purchase an A350-900 aircraft from Airbus.

The transaction was done at Gujarat International Finance Tec-City (GIFT City) with the assistance of Air India’s wholly owned subsidiary AI Fleet Services Ltd. It is part of Air India’s order of 470 aircraft placed earlier this year, said SMBC in a statement.

Ford Motor will not sell its Tamil Nadu plant, the automaker's sole remaining factory in India, after finalising a deal with the Sajjan Jindal-led JSW Group.

Commenting on the recent developments, a Ford India spokesperson said, “We continue to explore alternatives for our manufacturing facility in Chennai and have nothing further to share.”

The Delhi government is on the verge of formalising a policy for the release of overage vehicles impounded by the Transport Department, in line with Delhi High Court's directives, an official told PTI late Tuesday. The proposed policy closely aligns with the court's guidelines, intended to impose fines of Rs 5,000 for two-wheelers and Rs 10,000 for four-wheelers to facilitate the release of impounded vehicles.

Vehicles parked in public spaces or on roads may be impounded by enforcement teams.

DOMS Industries, a leading Indian stationery player, made a blockbuster stock market debut with its shares listing at Rs 1,400, a whopping 77 per cent premium to the issue price of Rs 790 per share on the National Stock Exchange (NSE) and BSE.

Post listing, the stock hit a high of Rs 1,415 and a low of Rs 1,370.05 on the NSE. At 10:01 AM; DOMS Industries was trading at Rs 1,384.80, up 75 per cent against its issue price. Around 6 million equity shares had changed hands on the NSE and BSE.

Parliament on Tuesday gave its approval for a net additional spending of Rs 58,378 crore in the current fiscal ending March 2024, with a large chunk allocated to MGNREGA and fertiliser subsidies.

The gross additional spending would be more than Rs 1.29 lakh crore, out of which Rs 70,968 crore would be matched by savings and receipts.

Digital payment companies Razorpay and Cashfree Payments have received final approval from the Reserve Bank of India (RBI) to operate as payment aggregators, enabling the fintechs to onboard new merchants after a nearly one-year-old regulatory ban.

The companies said they secured a Payment Aggregator (PA) license from the regulator on Tuesday.

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