Country’s largest car maker Maruti Suzuki India (MSI) on Friday said its premium hatchback Swift has crossed 13 lakh sales milestone since its launch in 2005.

“Over 1.3 million Swift cars have been bought in India so far, transforming the landscape of the Indian auto industry and inspiring new products, market segments and categories,” MSI Executive Director (Marketing & Sales), R.S. Kalsi said in a statement.

A 20-year-old student has become Britain’s youngest lawmaker for centuries, defeating one of the country’s most senior politicians to do it.

Mhairi Black of the Scottish National Party defeated Labour’s Douglas Alexander in the seat of Paisley and Renfrewshire South. Alexander, 47, was the opposition Labour’s foreign policy spokesman.

New Delhi: Former Gujarat chief secretary Achal Kumar Joti has been appointed as an election commissioner to the Central Election Commission (CEC), the government said in an official release on Friday.

The Bharatiya Janata Party (BJP)-led government has moved swiftly to fill the vacancy at the three-member apex body. Joti will now join chief election commissioner Nasim Zaidi at the Commission. There’s still room for another election commissioner.

Mumbai: After making losses for five consecutive sessions, the Indian rupee on Friday strengthened against the dollar with the equity markets trading 500 points higher in afternoon session.

Traders are cautious ahead of the US job report data, which is due later today. Earlier, the Fed Reserve said that it won’t tighten policy until it is “reasonably confident” that inflation will return to its target and the labour market will improve further, Bloomberg reported.

Mumbai: Shares of Tata Motors Ltd rose as much as 4.5%, the sharpest gain since 10 February, on Friday after its rights issue got an encouraging response from its shareholders.

Shares of Tata Motors Ltd—DVR rose as much as 3.6% to Rs.306.

Mumbai: Punjab National Bank (PNB) shares fell as much as 6.5% on Friday after the bank reported a 62% drop in its net profit due to higher provisions and bad loans.

The company reported a net profit of Rs.306.56 crore in the March quarter as against Rs.806.35 crore a year ago.

Wipro Ltd is seeking to generate more revenue from existing clients by selling them cloud computing, business applications and analytics solutions, as India’s third largest software services exporter seeks to weather a downturn in demand.

Bengaluru-based Wipro’s effort to win more business from old customers follows a year in which the company’s revenue increased 7%—well below industry lobby group Nasscom’s forecast of average 12-14% growth for India’s software services industry.

The two-year old Bengaluru-based price comparison site, BuyHatke has raised $1 million in its first round of funding from Infosys Co-founder S Gopalakrishnan along with Japanese company Beenos. The new funding will be used by the startup for marketing the site and on working on new products, besides expanding the team.

S Gopalakrishnan has invested money in his personal capacity while Beenos has infused funds as a company.

Pune-based cyber security startup, Uniken which has operations in India, Israel and US, has raised Rs 12 crore as bridge funding from Exfinity Ventures backed by ex-Infosys veterans V Balakrishnan and TV Mohandas Pai. Exfinity looks to invest in tech companies focused on cloud, data analytics and digital security.

The firm had raised series A funding of Rs 30 crore from Nexus Venture Partners earlier this year. According to research firm Gartner, the information security market is projected to grow to $95 billion (Rs 5.9 lakh crore) by 2017.

Calcutta, May 7: Axis Bank will tap the rising demand for mobile-based payment solutions with an application called Ping Pay. The application will allow the bank's customers to transfer funds to any beneficiary on the user's contact lists, including on Whatsapp, Facebook and Twitter.

This application, which is in addition to the bank's existing mobile application, will allow a person-to-person transfer of funds of up to Rs 50,000 using National Payment Corporation of India's Immediate Payment Service.

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