Country's largest car maker Maruti Suzuki India will launch premium hatchback Baleno next week, which will be exported to over hundred countries as a 'Made-in-India' car.

"We showcased the car in Frankfurt motor show. By October 26, we will be launching it in India not only to domestic market but also to over hundred foreign markets", Maruti Suzuki India Executive Director R S Kalsi told reporters.

Benchmark shares indices rebounded in last two trading sessions, amid a rallly in global stocks, to end higher for the third straight week on expectations that the US Federal Reserve won't raise interest rates soon. Banks which are a proxy to the economy led the gains amid strong August IIP data while auto stocks rallied on hopes of higher demand in the festive season even as IT majors declined post their earnings announcement.

In the week to October 16, the 30-share Sensex ended up 0.5% at 27,215 and the 50-share Nifty ended up 0.6% at 8,238.

State-owned Oil and Natural Gas Corporation (ONGC) will have no claims to make for natural gas migrating from its block to neighbouring contiguous fields of Reliance Industries in Bay of Bengal after all expenses are accounted for, the private firm said on Friday.

In a communication to employees, RIL said it has “scrupulously followed every aspect of the production sharing contract and has confined its petroleum operations within the (boundaries of its) KG-D6 Block” in the Krishna-Godavari basin.

Mahindra & Mahindra on Friday unveiled two vehicles from a new product platform, Supro. The company, a part of the $16.9-billion Mahindra Group, launched the Supro Van, an eight-seater diesel passenger vehicle, and the Supro Maxitruck, a load carrier with a payload capacity of one tonne.

Speaking at the launch, Pravin Shah, president and chief executive (automotive), Mahindra & Mahindra, said, “A true ‘Make-in-India’ vehicle platform, both the vehicles are all set to redefine their respective categories.

Former Chief Financial Officer (CFO) of IT major Infosys Ltd, V Balakrishnan today joined city-based digital consultancy firm Kaar Technologies as an Independent Director.

A veteran in the information technology sector, Balakrishnan would also head Audit Committee of Kaar Technologies, its Chairman and CEO Maran Nagarajan said.

The rupee weakened by 13 paise to 64.95 against the dollar at the Interbank Foreign Exchange in early trade today on demand of the US currency among importers amid shrinking exports in September.

The dollar was firm against major global currencies following stronger-than-expected US inflation data which dampened rupee sentiment, dealers said.

Nestle India on Friday said all samples of its Maggi noodles have cleared laboratory tests mandated by the Bombay High Court. The results potentially pave the way for the instant noodles brand -- which accounted for 30% of Nestle India's revenues -- to return to the market after it was banned in June over the suspected presence of excess lead and MSG.

The company said it has received test results from all three laboratories mandated by the Bombay High Court in August, and that all 90 samples, covering six varieties, were safe for consumption.

New Delhi: Courier service provider Blue Dart Express Ltd on Thursday introduced a locker service at Gurgaon’s Cyber Park to store parcels in an attempt to address the high failure rates in delivering parcels (15-18%) in the e-commerce sector. The addressee can collect it at a convenient time.

The round-the-clock service is expected to benefit customers who may be away from the shipping address for long hours. The timing is significant given that the e-commerce firms are running sales campaigns ahead of the festival season.

The Telecom Regulatory Authority of India (Trai) has doubled the penalty for violation of the parameters based on which service quality is determined in an effort to make telecom companies (telcos) improve their networks and reduce call drops.

“From the monitoring of performance of cellular mobile telephone operators, Trai observed that the present amount of financial disincentives has not acted as a sufficient deterrent against non-compliance as there have been repeated consecutive cases of non-compliance with the benchmarks,” the telecom regulator said in a statement on Thursday.

Last year, Yes Bank Ltd realized that managing one million customers across India wasn’t an easy task, especially when pursuing a goal of increasing its mobile banking user base to five million in five years.

Moreover, India’s fifth-largest private sector bank, with 630 branches across 375 cities, couldn’t ignore the customer shift to mobile banking while planning its strategies to enhance customer experience across branches. Hence, as part of its “DIGICAL-Digital + Physical” strategy—the blending of both offline and online channels leveraging innovation and technology—it began looking for a digital partner to build a scalable platform to host multiple applications.

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