Amid a slowing market for light commercial vehicles (LCVs), Mahindra & Mahindra (M&M) has managed to go past Tata Motors and take the top position. While the domestic LCV market has shrunk over five per cent this year, M&M has been able to gain market share. Tata Motors, earlier the market leader, has taken deep cuts, especially in the goods carrier LCV segment.

Washington/New Delhi: Despite a much-heralded fresh start in US-India ties under Prime Minister Narendra Modi, a diplomatic source said on Friday the United States has run into problems arranging visits by two senior officials, recalling a diplomatic spat that soured relations two years ago.

Washington has been seeking to send Susan Coppedge, its newly appointed anti-people trafficking ambassador, and Randy Berry, its special envoy for LGBT rights, to New Delhi this month.

With slew of measures putting back the economy on track, Prime Minister Narendra Modi today said reforms are “just a way station” to transforming India and vowed to provide a transparent and predictable tax regime as well as protection to Intellectual Property Rights.

Speaking at the ASEAN Business and Investment Summit here, he said government actions in the past 18 months have led to bringing down inflation while at the same time leading to higher GDP growth and foreign investment.

China’s pain of economic slowdown is India’s pain too, RBI Governor Raghuram Rajan said contradicting government assertions that India will not be affected by deceleration of Chinese economy.

“The Chinese slowdown is a concern for the whole world. There is a lower demand for some of our exports to China. But indirectly too, many of the countries are not exporting to China as much as they did and they are buying less from us,” Rajan said in an interview with Hong Kong-based South China Morning Post.

Vodafone India launched a facility allowing customers in Delhi and NCR to choose the numeric combination of their choice in the mobile numbers.

The facility would be available to both pre-paid and post-paid customers of the company.

In a major relief to Adani Power, the Supreme Court on Friday set aside a 2010 notification of the Union government which levied customs duty to the tune of Rs 300 crore on the company for electricity transfer from its thermal power plant in Mudra Special Economic Zone to domestic areas with retrospective effect.

International Institute for Information Technology and Indian Institute of Science in the city are among the eight leading academic institutions selected by Infosys Foundation to set up faculty chairs.

The philanthropic arm of India’s second largest software exporter has 11 faculty chairs in eight leading academic institutes across India to promote research. These chairs also provide advanced training and support student and faculty exchange programmes in India and abroad.

After three consecutive weeks of downfall and a loss of nearly 7 per cent in this period, the domestic benchmark indices witnessed some buying at lower levels that helped BSE Sensex and NSE Nifty clock a gain of over 1 per cent during the week ended November 20. According to market experts, value buying at lower levels and upbeat global cues supported the market sentiment this week.

The BSE Sensex and NSE Nifty advanced 257.96 points and 94.30 points to 25,868.49 and 7,856.55, respectively, for the week ended November 20.

Kotak Mahindra General Insurance Company (Kotak General Insurance) on Friday said it has got IRDAI approval to commence business as an insurance company.

With this, the company has completed all registration formalities required by the regulator, Kotak Mahindra General Insurance said in a statement.

On October 16, Mukesh Ambani and chief executives officers of nine other oil and gas companies declared to be part of a joint commitment to reduce global warming by two degrees. Under Oil and Gas Climate Initiative, 10 of the world’s largest oil and gas companies — which provide a fifth of all oil and gas production and supply, 10 per cent of the world’s energy — said they would make significant investments in natural gas, carbon capture and storage, renewable energy, and low greenhouse gas (GHG) research and development.

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