Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, about one-third of the expenditure focused on electric and autonomous vehicles, the company said on Wednesday.

The South Korean carmaker unveiled a Strategy 2025 roadmap that envisaged annual average spending of 10 trillion won, higher than previous years, and up from a 2018 figure of 6.1 trillion won.

Even as automobile sales have hit a record low, the country's largest carmaker, Maruti Suzuki, on Tuesday announced a price hike across models from January. Others are likely to follow suit as they gear up to liquidate the stock ahead of rolling out new models in 2020.

Rising input cost, along with the transition of auto firms from BSIV to the more expensive BSVI models, has prompted the industry to hike prices, analysts pointed out.

Google co-founders Larry Page and Sergey Brin have announced that they are stepping down from the leadership role of the parent company Alphabet.

Google CEO Indian-American Sundar Pichai (47), will be assuming the role of Alphabet CEO, making him one of the most powerful corporate leaders of the world.

Steel major JSW Steel on Tuesday said it expects to raise its supply to metro rail projects to about 1,50,000 metric tonnes in the current financial year.

In the current financial year, the company expects to increase its supplies to the metro rail projects to about 1,50,000 metric tonnes as compared to its supplies averaging 1,00,000 metric tonnes per year over last few years, the company said in a BSE filing.

The Uttar Pradesh government on Tuesday approved building a metro rail connecting Noida to Greater Noida for Rs 2,682 crore.

The 15-km long line will take three years to build and it will connect Noida Sector 71 to Greater Noida Knowledge Park, said industrial development minister Satish Mahana.

Shares of Prestige Estates and Polycab India hit their respective 52-week highs on Tuesday in an otherwise weak market. These stocks were trading higher in the range of 3 per cent to 7 per cent, as compared to around half a per cent decline in the S&P BSE Sensex in the afternoon deals.

Shares of Prestige Estates Projects, the real estate developer, were up for the fifth straight trading day, up 7 per cent at Rs 345 on Tuesday on optimisation of the strong pipeline of rental assets yielding growth in rentable income.

The country's largest car maker Maruti Suzuki India on Tuesday said it will increase prices of its vehicles from January to offset rising input costs.

Over the past year, the cost of company's vehicles has been impacted adversely due to increase in various input costs, Maruti Suzuki India said in a regulatory filing.

HDFC Bank, India's most valuable lender by market capitalisation, sees tentative signs of a revival in rural areas at a time when the wider economy is sputtering.

The recent loan outreach programs underway in rural areas have given us the sense that the consumption in rural and semi-urban areas is turning more positive, HDFC Bank Executive Director Kaizad Bharucha said in an interview last week.

Mobile operators' association COAI has told the government on the recent tariffs hike by the telcos will improve their financial health, and borrowing capacity and boost the AGR collection for the government.

In a letter to DoT Secretary Anshu Prakash, Cellular Operators Association of India Director General Rajan Mathews said: "Historically telcos have reduced tariffs, but the present increase is motivated by the dire financial situation of most TSPs, resulting from unsustainable levels of debt incurred for payments of spectrum won in auctions."

Ride-hailing app Uber launched its second Indian Center of Excellence (CoE) in Visakhapatnam, which is expected to create 500 jobs.

Set up at a cost of $800,000, the centre will provide specialised customer support for critical incidents that require immediate attention.

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