Calcutta, Oct. 9: A tweak in the global production strategy by Korean automobile major Hyundai has led to shrinking exports from the company's Indian arm.

Hyundai Motor India, which is still the largest car exporter, has recorded a 10.98 per cent dip in exports in April-August over the same period a year ago, according to the Society of Indian Automobile Manufacturers.

New Delhi, Oct. 9: Delhi chief minister Arvind Kejriwal today sacked a cabinet minister over corruption allegations, making the announcement at a news conference and daring the BJP to take similar action against its leaders accused of wrongdoing.

Kejriwal also announced a CBI probe into allegations that food and civil supplies minister Asim Ahmed Khan had demanded a bribe of Rs 6 lakh from a builder.

Mumbai: The Indian rupee on Friday strengthened past the 65 mark against the US dollar, tracking gains in the Asian currencies market.

The rupee closed at 64.74 per dollar, up 0.53% from its previous close of 65.08.

Axis Bank has launched a comprehensive suite of mobile and tablet based solutions for corporates, offering the entire gamut of transaction banking products and services. The mobility solutions would enable corporates to carry out payments, trade and forex transactions, while on the move, the bank said.

“We are the first bank to provide our corporate customers with mobility related banking products and help them to transactions while on the move.

Indian Railway Catering and Tourism Corporation (IRCTC) has rolled out a two-day travel package that allows travellers to zip through the Golden Triangle — the three historic cities of Delhi, Agra and Jaipur — in 3 Shatabdi Express trains.

“This is one of the innovative travel packages which eminently suits those travellers who are planning a short-duration getaway. The package allows them to experience the magnificence of some of the most famous monuments in India,” said IRCTC Chairman and Managing Director A.K. Manocha.

State-owned carrier Air India has put on sale nine of its 21 Dreamliners (B787-800) to raise over Rs 7,000 crore to fund acquisition of new aircraft and also for repayment of the bridge loan availed earlier for purchasing these Boeing 787-800s.

These nine planes were inducted in the carrier's fleet between March 2014 and June this year.

Rising for the second straight week, benchmark indices clinched their biggest weekly gain in nearly four months since June 19, 2015 after the US Fed hinted that it won't raise interest rates soon. Further, rebound in global commodity prices during the week has also aided sentiment.

For the week end October 9, the BSE Sensex reclaimed its psychological level of 27,000 and rose 3.27% or 858 points to end at 27,080. The Sensex had gained 3.3% in the week ended June 19, 2015. The CNX Nifty reclaimed 8,000-mark to settle at 8,190, up by 239 points or 3%.

Reliance Industries Ltd (RIL) and Oil and Natural Gas Corporation (ONGC) might have to amicably settle their dispute with regard to gas flow in the Krishna-Godavari basin to prevent a long-drawn legal battle. However, a government official claimed the stage for negotiations is long over.

A draft consultant report prepared by DeGolyer and MacNaughton (D&M), jointly appointed by the firms in July 2014 for a technical evaluation, is likely to establish that the two share a gas reservoir. The firms hold adjoining blocks.

Flipkart ‘Big Billion Day’ sale is round the corner and the e-retailer has adopted a new strategy to attract more customers.

FLIPKARThas sent over 500,000 mail postcards to its users for making the company’s ambitious sale a success.

New Delhi: State-owned NTPC Ltd, India’s largest power producer, has appointed consultancy firm KPMG to work out a new strategy to face the challenges of an evolving energy landscape marked by regulatory changes and an increasing government focus on renewable sources of power.

As part of the EXERCISE, KPMG will revise the NTPC Corporate Plan 2032, which lays down a roadmap for the state-owned power producer. This plan had been drawn up by Bain and Co. India Pvt. Ltd.

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