Indian commercial vehicle maker Tata Motors has started reducing discounts it offers on trucks to protect the margins, a report by The Economic Times said. With fewer discounts, the company has kept the maximum retail price constant, leading to an increase in the effective market operating price.

"From September onwards, we have taken a decisive step. We are moving from a push system to a pull system," Girish Wagh, executive director at Tata Motors, told ET. "The journey has not been easy.

Tata Motors on Monday said it has partnered with ICICI Bank to offer financing solutions to its authorised passenger electric vehicle dealers.

Under the partnership, ICICI Bank will provide inventory funding to the authorised passenger EV dealers in addition to the bank's funding to dealers for diesel and petrol models, Tata Motors said in a statement.

Sterlite Power on Monday said it has bagged orders worth Rs 3,800 crore in the first three quarters of this fiscal, which is 90 per cent higher than a year ago.

The orders were bagged by the solutions' business unit in the domestic and international markets during the first three quarters FY23, showing a growth of 90 per cent growth compared to the same period of FY22, a company statement said.

Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited, is looking to diversify into power generation, and plans to set up a Rs 12,000 crore power plant in Odisha.

It also aims to enter into aluminium business and may soon set up a greenfield aluminium project.

Prime Minister Narendra Modi is scheduled to virtually participate in an event to name the 21 largest unnamed islands of Andaman and Nicobar Islands after 21 Param Vir Chakra awardees on the Parakram Diwas on Monday.

The Government had declared January 23 as Parakram Diwas in 2021 to commemorate the birth anniversary of Netaji Subhas Chandra Bose.

India's Bharat Petroleum Corp plans to shut its 156,000 barrels-per-day (bpd) Bina refinery in central India for about a month in June for maintenance, two sources familiar with the plan said.

The state-run refiner also plans to shut half of its 240,000 bpd Mumbai refinery in western India for three to four weeks in September-October for maintenance, the sources said.

After an entrepreneur complained in a LinkedIn post that a Zomato delivery agent advised him to cheat the company by paying some money directly to him and enjoy the food, the company's Founder and CEO Deepinder Goyal said he is "aware" of this fraud and is "working to plug the loopholes".

Vinay Sati posted that a Zomato delivery agent suggested that from next time, pay him Rs 200 or Rs 300 and enjoy food worth Rs 1,000.

Prime Minister Narendra Modi will visit Hyderabad on February 13 to inaugurate or lay the foundation stone for various projects and address a public meeting.

He was scheduled to visit the city on January 19 but the visit was postponed.

The Prime Minister was to flag off Secunderabad-Visakhapatnam Vande Bharat train and dedicate it to the nation and lay the foundation stone for several projects worth more than Rs 7,000 crore.

Yes Bank reported a surprise 80 per cent plunge in quarterly profit on Saturday as provisions for bad loans increased.

Net profit fell to Rs 51.52 crore ($6.36 million) for the three months through December from Rs 266 crore in the same period a year earlier. Analysts had expected profit to rise to Rs 336 crore, according to Refinitiv IBES data.

India's top cement maker, UltraTech Cement, reported a 38% decrease in quarterly profit on Saturday, dented by a surge in expenses.

Profit for the three months through December fell to Rs 1,062 crore ($131.2 million) from Rs 1,710 crore the same period a year earlier, UltraTech said in an exchange filing.

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