Coming down hard on carmakers found to be restricting sale of spare parts in open market, fair trade regulator CCI on Tuesday imposed a penalty of Rs 420.26 crore on Hyundai Motor India and asked two others -- Reva and Premier -- to 'cease and desist' from anti-competitive practices.

This follows penalties totaling Rs 2,544.64 crore imposed on 14 other car makers in August last year in the same case. Those companies included Honda Siel, Fiat, Volkswagen, BMW, Ford, General Motors, Hindustan Motors, M&M, Maruti Suzuki, Mercedes-Benz, Nissan Motors, Skoda, Tata Motors and Toyota Kirloskar Motors.

PNB Executive Director (with additional charge of MD & CEO) Gauri Shankar said PNB plans to sell NPAs worth Rs 2,600-3,000 crore to ARCs in the current financial year.

On the bank going to qualified institutional buyers (QIBs), he said it would be done next fiscal.

Securities and Exchange Board of India (SEBI) has cancelled Sahara Asset Management Company's license, saying it is not fit to carry out the business of mutual fund.

Sahara's fund management license would reportedly stand cancelled two months from the date of the order.

Local search engine Justdial today reported 18% increase in net profit at Rs 33.17 crore for the quarter ended June 30, 2015.

The company had reported a net profit of Rs 28.11 crore in the corresponding quarter a year ago, it said in a BSE filing.

MUMBAI: Barely a week into the launch of Hyundai's Creta, sports utility vehicle with an automatic transmission, Mahindra & Mahindra, India's largest selling utility vehicle maker has officially re-launched its own automatic version on the new generation Scorpio at 13.13 lakh ex-showroom New Delhi, a good Rs 45,000 lower than its new rival Creta.

Available on the S10 variant, on a like to like comparison, a 2 wheel drive automatic transmission - Scorpio is priced Rs 45,000 lower versus Hyundai Creta, which is priced at Rs 13.58 lakh ex-showroom New Delhi.

Google is bidding adieu to Google Plus, an awkwardly named social network that the American search engine had launched four years ago hoping it would become a serious rival to Facebook.

Google has spent the last several months chopping up Google Plus’s most useful pieces and making them separate services as it moves away from making Google Plus the central hub for all Google-related activity.

Looking to add a ‘new dimension’ to customer service, Flipkart has launched ‘experience zones’ in 20 stores across 10 cities.

E-commerce marketplace Flipkart has announced the launch of 20 ‘experience zones’ across the country enabling self-product pick-ups for consumers. This new supply-chain initiative under Flipkart’s alternate delivery model will allow customers to walk into their nearest ‘experience zone’ and collect their shipments at their convenient time.

New Delhi, July 28 (PTI): President Pranab Mukherjee, Vice-President Hamid Ansari, Prime Minister Narendra Modi and a host of dignitaries on Tuesday paid their homage to former President A.P.J. Abdul Kalam, whose mortal remains were brought here from Shillong, where he died on Monday night.

The dignitaries placed wreaths on the body, which was wrapped in the tricolour and placed on a deck on the tarmac at the Palam technical area. An Indian Air Force aircraft had brought it from Guwahati.

OnePlus, the China-based smartphone maker that sold more than 1.5 million units of its debut device, has finally launched its follow-up: the OnePlus 2.

The company first phone drew plaudits for delivering the specs and experience that compete with some of the best in the industry at a mere $300 price point. The OnePlus 2 is largely cut from the same cloth, with a slightly higher price of $329 for the 16GB version, or $389 for a more generous (and powerful) 64GB model, but more for your money. OnePlus is calling it a killer and certainly, with a new iPhone or top-end Samsung device costing $800-plus, the pricing is pretty lethal.

AirAsia India is now offering a flat discount of 20% on basal fares for all flights, the budget carrier said on Monday. The offer can be availed between July 27 and August 2, and the travel period is between July 28 and November 30.

This offer is valid on all domestic routes and over 100 destinations across Asia. Apart from the website, the promotion is also applicable on mobile app and mobile site.

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