Ashok Leyland's UK arm Optare has decided to delist from the Alternative Investment Market (AIM).

The company said there are significant costs associated with maintaining a quotation on AIM, which can be used for product support.

Hyundai Motor India (HMIL) today reported 2.6% increase in total sales at 51,505 units in April.

The company had sold 50,222 units in the same month last year, HMIL said in a statement.

Country's largest carmaker Maruti Suzuki India (MSI) today reported a 29.6% rise in total sales in April at 1,11,748 units against 86,196 units in the corresponding period last year.

The company said its domestic sales increased by 27.3% during the month to 1,00,709 units against 79,119 units in April 2014.

After two rounds of cuts, petrol prices were on Thursday raised by Rs 3.96 a litre and diesel by Rs 2.37 a litre, tracking global cues.

The increase in petrol and diesel prices became effective from midnight on Thursday.

Infra major Larsen & Toubro (L&T) will construct a luxury housing project of Wave Infratech in Noida.

The project 'Eminence' would be completed in 42 months. Eminence spread over 1.62 acres is part of Wave's mega township project Wave City Center.

Tata Motors is finding more takers for its differentiated voting rights (DVRs) shares than ordinary shares in its ongoing rights issue to raise Rs 7,500 crore.

As per data available with exchanges, Tata Motors DVR was subscribed 54% on Wednesday evening against 38% subscription for the ordinary shares of the company. The issue that opened on 17 April will close on Friday.

Oil exploration shares such as Reliance Industries and ONGC were trading marginally in an otherwise weak market after the government announced a policy for development of oil and gas discoveries.

There are three options to choose from. The first is an option to relinquish the block. Another is to develop the discovery, after conducting a Drill Stem Test (DST); if this is not done on time, half the DST cost will be disallowed. And, even if done on time, the cost recovery is to be limited to $15 million (Rs 94.8 crore).

In line with the company's newly laid strategy that underscores the importance of 'design thinking', Infosys, India's second largest information technology services company, has hired Jason Wolf, a former creative director at SAP Labs, the research and development arm of German software maker SAP, as the Bengaluru-based company's Global Head of Experience Design.

In his previous role, Wolf, a design expert and alumnus of Stanford University's Design School was responsible creative design at the office of the CTO, chairman's project at SAP. After assuming the charge of CEO & MD at Infosys in June last year, Vishal Sikka has roped in experts at Stanford University's D school to train design thinking to employees internally as well as to the clients.

The Union Cabinet on Wednesday cleared a project to develop 100 smart cities and rejuvenate another 500 in the country, allocating close to Rs 1 lakh crore for a period of five years.

While Rs 48,000 crore has been allowed for 100 smart cities, now renamed Smart Cities Mission, another Rs 50,000 crore has been sanctioned for Atal Mission for Rejuvenation and Urban Transformation (Amrut) of 500 cities. States along with local bodies and corporate entities have to spend the most in the projects, experts said. The Amrut project could lead to cities becoming smart subsequently.

The civil aviation ministry has sought an amendment to the Industrial Disputes Act 1947 to end the protection granted to pilots and aircraft engineers under the prevailing labour laws.

The proposal has been mooted at the behest of Air India, which continues to be in precarious financial health despite Rs 17,000 crore equity infusion under the turnaround plan.

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