South Korean car maker Hyundai Motor India is advancing the launch of its much awaited compact SUV Creta by a couple of months to take advantage of latent demand for the new product from the start of the festive season.

ET learns, Hyundai will be launching the vehicle on 21st of July and the start of production will happen within a fortnight, around 20th June, which is a good two months ahead of plan. The company has already realigned its production to make way for the new compact SUV.

State-run telecom company Bharat Sanchar Nigam Limited (BSNL) will sign its first agreement outside India to buy bandwidth from Bangladesh Submarine Cable Company to provide internet services in the northeast. It is also exploring South Africa for expansion, and may pick up equity stakes in one of the country’s telecom service providers.

Bangladesh Submarine Cable Company has agreed to sell its unused bandwidth to BSNL for $1.2 million a year. Initially, BSNL will buy 10 Gbps (Gigabits per second) capacity, which will be increased to 40 Gbps over time.

News broadcaster New Delhi Television Ltd (NDTV) plans to appeal against the Securities and Exchange Board of India (Sebi) imposing a penalty of Rs 2 crore for non-disclosure of a Rs 450-crore income tax demand made last year, under Clause 36 of the listing agreement.

The clause requires listed entities to immediately inform exchanges of events that will have a bearing on the performance of the company or its stock price.

UK on Friday said it had decided to test a few samples of Maggi noodles, after a number of reports said the popular instant snack sold in India was found to have lead content above permissible limit.

The Food Standards Agency agency, however, stressed the move was a precaution and there were no concerns over the safety of Maggi products sold by Nestle UK.

The strong earthquake that jolted Malaysia's Mount Kinabalu left at least 11 people dead and another eight missing on Southeast Asia's highest peak, a government official said today.

"As at noon time, 11 bodies have been recovered (2 identified) and eight people are still missing," Masidi Manjun, the tourism minister for the Malaysian state of Sabah on Borneo island, said on his Twitter feed.

The Mercedes-Benz CLS has and always will be synonymous with style. It combines the best features of the E-Class with the suave looks of a coupe. When it made its debut in 2005, the CLS was a trendsetter because at that time there weren't any luxury coupes around. Today, of course, the CLS has competition from the likes of the Audi A7 and the BMW 6 Series Gran Coupe. A decade later, the second generation CLS has sharper driving dynamics, is visually more appealing than before and, fortunately for potential buyers, the car is now a lot more affordable.

Kotak Mahindra Bank and ING Bank have joined hands for exploring opportunities arising from cross-border business, investment and trade flows across various regions, including Europe.

A memorandum of understanding (MoU), signed between the two, covers an array of co-operation in areas such as trade finance, remittances and services related to non-resident Indians, funding to counterparties' corporate relationships, fee-based products, direct banking and digital strategy, and cross-border debt capital markets and mergers and acquisitions.

At a time when credit growth has been under pressure for most lenders, ICICI Bank — the country’s largest private sector lender — is confident of growing its loan book three-four per cent ahead of the system.

“We expect to sustain domestic loan growth in the range of 18-20 per cent, driven by about 25 per cent growth in the retail segment. In the domestic corporate portfolio, we expect growth of 10-15 per cent, driven primarily by increasing lending to higher-rated clients. The bank would continue to calibrate corporate loan growth to the trends in the environment,” said N S Kannan, executive director, in conference call with analysts.

Mumbai: The Indian rupee on Friday strengthened against the dollar in the mid-day trading sessions as local equity markets turned positive after three days of losses.

At 2pm, the home currency was trading at 63.87, up 0.18% from its previous close of 64.01. The local unit opened at 63.97 per dollar.

India and the US will look at cooperation in jet engine and aircraft carrier design and construction besides co-development and co-production of weapon systems, an Indian foreign ministry statement said on Thursday.

The statement, issued at the end of the three-day visit to India by US defence secretary Ashton Carter, said that Carter and defence minister Manohar Parrikar discussed the strategic partnership between the two countries and ways to deepen their defence relationship.

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