Maruti Suzuki's has missed its set date for entering the light commercial vehicle (LCV) segment as activism against diesel continues unabated.

The country's largest car maker was to launch a mini truck, which it has been developing since 2013, before March 31, but will now launch it in the coming year.

Global technology giant Microsoft is betting big on India's 40 million strong small and medium business (SMB) base for the next level of growth in the country, with its 'mobile first' solutions.

With the country moving ahead with 3G and 4G technology and most small businesses taking a smartphone first approach, Microsoft believes that it is in a much better position to cater to these SMBs in different parts of the country.

HDFC Bank has shortlisted five start-ups that it will work with to strengthen their web, mobile and payment offerings. The company shortlisted five out of the 30 applications it had received in its maiden Digital Innovation Summit, it said on Thursday.

The five companies shortlisted were Senseforth Technologies, an AI customer response system, Tagnpin, a marketing and customer engagement company, Safe 2 Pay, a point of sale-free payment system, Bugclipper, in-app feedback tool and Taptis Technology, a biometric payment company.

MUMBAI: The rupee edged higher by 8 paise to 67.13 against the US dollar in early trade on Thursday at the Inter-bank Foreign Exchange market on increased selling of the US currency by exporters and banks.

Besides, sustained foreign capital inflows gave the rupee some muscle, dealers said.

MUMBAI: Key benchmark indices extended their losses, with the Sensex falling 294 points and the Nifty 69 points, weighed down by sustained selling mainly in IT and technology.

The BSE Sensex opened higher before quoting at 24,499.57 at 12:21pm, down 294.39 points or 1.19 per cent.

New Delhi: Ashok Leyland Ltd, India’s second-largest truck maker by sales, is planning to wrap up 23 of its 27 joint ventures in a bid to cut its debt and focus on core businesses, a top company executive said.

“What’s the point of having a joint venture if you are losing money in it? And we have too many of them. We plan to wrap up 23 of 27 joint ventures in the near term as the company plans to focus on its core business,” the Ashok Leyland executive said on condition of anonymity.

India's workhorse satellite launch vehicle PSLV-C32, on Thursday, succesfully put India's sixth navigation satellite IRNSS-1F into orbit.

The IRNSS-1F was launched into a sub-Geosynchronous transfer orbit with a 284-km perigee (nearest point to Earth) and 20,657-km apogee (farthest point to Earth), according to Indian Space Research Organisation (ISRO).

The shares of Infosys, India’s second largest IT services exporter slipped by as much as 3 per cent in early Thursday trade following the two co-founders coming under the promoter category, S Gopalakrishnan and S D Shibulal deciding to sell 75 lakh shares through multiple block deals.

The 75 lakh shares representing 0.3 per cent stake in Infosys were offered in the price range of Rs 1149-1178.5 and the transaction will be carried out during the day. The Infosys scrip opened at Rs 1164 on Thursday on Bombay Stock Exchange and has slipped by as much as Rs 33.10 recording a fall of 2.8%.

NEW DELHI: The state-owned power equipment maker BHEL today said it has commissioned a 500-mw unit at Anpara-D thermal power plant in Uttar Pradesh.

"Bharat Heavy Electricals Ltd (BHEL) has achieved yet another landmark in the power development programme... by successfully commissioning the second 500-mw thermal unit at Anpara-D thermal power plant (TPP) in Sonbhadra district of Uttar Pradesh," the company said in a statement.

NEW DELHI: The Cabinet today decided to revert to the Oil and Natural Gas Corporation (ONGC) the Ratna and R-series oil and gas fields, off the Mumbai coast, which were previously awarded to Essar Oil but the contract could not be signed.

The Ratna and R-series oil fields, 130-km off the Mumbai coast, hold an estimated 87 million barrels of oil and 1.2 billion cubic metres of gas reserves.

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