Maruti Suzuki India Ltd, hit by a severe slowdown in demand for automobiles, has decided to keep its two plants in Haryana shut on 7th and 9th September. The company, in a notice to the stock exchanges today, said the two days will be counted as ‘no production days’.

NEW DELHI : Yes Bank, India’s fourth largest C, has partnered with Microsoft to strengthen its first of its kind, AI enabled chatbot, Yes Robot, with advanced neuro language programming (NLP) engine LUIS (Language Understanding Intelligent Service) and other cognitive services, capable of understanding and resolving the evolving banking needs of customers without the need for human intervention.

BENGALURU : Amazon.com Inc's India unit said on Wednesday it would replace all single use plastic in its packaging by June 2020 with paper cushions, the latest major company to join the country's fight against environmental pollution.

Amazon's move comes ahead of Prime Minister Narendra Modi's upcoming ban on plastic bags, cups and straws.

After India's biggest bank State Bank of India (SBI) launched India's first repo-linked home loan product in July many banks including Bank of Baroda have also come up with repo-linked home loan offers. Under this repo-linked home loan product, the effective home loan rates are linked to the banks' repo-linked lending rate, which in turn is linked to the RBI's repo rate.

NEW DELHI : India’s third-largest commercial vehicle maker, Ashok Leyland, plans to develop a range of light commercial vehicles (LCVs) in the sub-5 tonne category. The move will help the company further consolidate its position in the LCV segment, while reducing its dependency on medium and heavy commercial vehicles (MHCVs).

Privatisation more likely than stake sale to IOC: Press reports suggest government of India (GoI) is considering selling its entire stake in Bharat Petroleum Corp (BPCL) to Indian Oil Corp (IOC) or to a private player. Privatisation would realise a higher price, may help take politics out of auto fuel pricing, would ensure IOC’s ability to pay hefty dividend to GoI is not impaired, prevent further supply overhang in ONGC and may improve market sentiment as it would be seen as big bang reforms.

Even with considerable security precautions in place, Twitter chief executive Jack Dorsey became the victim of an embarrassing compromise when attackers took control of his account on the platform by hijacking his phone number.

Dorsey became the latest target of so-called “SIM swap” fraud which enables a fraudster to trick a mobile carrier into transferring a number — potentially causing people to lose control not only of social media, but bank accounts and other sensitive information.

Prime Minister Narendra Modi arrived in Russia Wednesday on a two-day visit during which he will hold summit talks with President Vladimir Putin and attend the Eastern Economic Forum.

His visit to the Russian Far East Region is the first by an Indian prime minister.

It seems that decks have been cleared for the administrative allotment of 4G spectrum worth `20,000 crore to BSNL/MTNL as solicitor general (SG) Tushar Mehta is understood to have given a go-ahead to a department of telecommunications (DoT) proposal regarding the same.

Sources say the DoT had sought legal opinion from SG after the Telecom Regulatory Authority of India (Trai) refused to offer its views regarding the matter, terming it an administrative issue.

Weak macroeconomic data and global cues weighed on investor sentiments as key benchmark indices on Tuesday closed with over 2% decline.

The BSE Sensex tumbled 866.78 points intra-day before closing 769.88 points, or 2.06%, lower to 36562.91. NSE Nifty 50, too, fell 250.55 points intraday before ending 225.35 points, or 2.04%, lower at 10797.90.

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