Some people want a Mercedes just for the three-pointed star on the bonnet, others are fans of how well it is engineered, and others still are bowled over by the comfort, refinement and sheer driving pleasure. The price of Mercedes cars, however, has been steadily on the rise over the years, putting a brand new one out of reach of everyday car buyers.

The CLA-Class hopes to change all that when it is launched this month at an expected price of R27-32 lakh. One of the hottest-selling sedans launched last year, the CLA is a runaway success in markets like the US and China due to its rakish looks. The question is, how competitive will it be against cars like the new A3? Here’s what you can expect.

The decision of Wipro Enterprises Ltd (WEL), the demerged consumer goods arm of software major Wipro Ltd, to offer an exit option to its minority shareholders has irked one of the proxy advisory firms. Stakeholders’ Empowerment Services (SES) has raised concerns the move might unfairly give 50 per cent stake of the Wipro brand to what will now become a private firm of the promoters.

The BSE Sensex and Nifty on Friday rose for a consecutive session, paring a weekly loss, as Infosys, the country's second-largest software exporter reported profit that beat estimates and global stocks rallied.

Infosys rallied the most in three months after the company maintained its annual sales forecast. The stock now has the highest weighting on the Sensex, up from a third place on Thursday.

The finance ministry has proposed standards for disclosing and computing of income, for the purpose of levying tax on companies. The draft, among other matters, provides for recognising segment-wise income for works spread over a period of time.

The finance ministry has proposed standards for disclosing and computing of income, for the purpose of levying tax on companies. The draft, among other matters, provides for recognising segment-wise income for works spread over a period of time.

The government is likely to exempt Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) from payment of fuel subsidy during the rest of the financial year due to steep decline in global oil rates to around $50 a barrel.

The upstream producers made good nearly half of the revenue loss or under- recoveries that fuel retailers incurred on selling cooking fuel and diesel until recently at government controlled rates.

Succession planning at ITC appears to be gaining traction, with the latest reshuffle in portfolios of top executives. Executive directors Kurush Grant and P V Dhobale’s portfolios have been interchanged. Grant, who was heading the fast-moving consuming goods (FMCG) business, will now be overseeing paper, paperboards and packaging, along with finance and information technology. Executive director Nakul Anand, in addition to overseeing the hospitality, travel and tourism businesses, has taken over the responsibility of the lifestyle retailing business.

Infosys's earnings for the quarter ended December 2014 have surprised the Street, with a marked improvement in many parameters - volume growth (growth in billed man-hours in a quarter), profit margin and employee utilisation. However, the growth in revenues was largely in line with a seasonally weak quarter, one with many holidays and client furlough.

Kotak Mahindra Bank on Thursday announced the withdrawal, for the time being, of the nomination of Paul Parambi to the board of directors of Multi Commodity Exchange.

The world was looking at India with hope-filled eyes, said Prime Minister Narendra Modi on Thursday, welcoming the Indian diaspora to the 13th Pravasi Bharatiya Divas (PBD) in the Gujarat capital.

Describing India as a land “brimming with opportunities” at the inaugural address of the meet at Mahatma Mandir, Modi said: “Indians have explored various countries of the world for opportunities to scale new heights. They gave a new identity to India. It was the need of that time.”

MUMBAI: In a strong show by Indian markets, the benchmark Sensex soared by 366 points to end at 27,274.71 and the rupee gained hefty 50 paise to close at nearly four-week high of 62.67 against the US dollar on Thursday.

Stocks rose after a three-day downward trend on account of value-based buying and a firming trend in global markets on strong US data and fresh Eurozone stimulus hopes.

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