A SpiceJet plane Sunday overshot the runway while landing at the Surat Airport, while an Air India Express flight had a narrow escape when the aircraft that arrived from Dubai veered off the taxiway after landing at Mangaluru Internatioal Airport.

None of the passengers and crew members on board were hurt in the incident, an airport official at Surat airport said.

Markets regulator Sebi has levied a total fine of Rs 64.40 lakh on eight entities for indulging in unfair trade practices in the illiquid stock options segment on the BSE.

GKS Technology Park Pvt Ltd, Femina Stock Management, Sagar Constructions, SPFL Securities Ltd, Leelaben Sureshchandra Kachadiaunder, Laxmi Rolling & Strips Pvt Ltd, Mahakaleshwar Mines & Metals Pvt Ltd and South Delhi Promotors Ltd are the entities facing penalty.

New Delhi: Terming the transition to Bharat Stage VI (BS-VI) emission norms from April next year as "joker in the pack", Bajaj Auto Ltd has cautioned that there could be dumping of old BS-IV stock in the domestic market, triggering an "unwarranted price war" in the second half of the ongoing fiscal.

State Bank of India (SBI) on Friday declared 10 corporate borrowers, with aggregate outstanding dues worth close to Rs 1,500 crore, and their directors wilful defaulters. The companies are based in Mumbai and Navi Mumbai.

Among these defaulters, the borrower with the highest amount in outstanding dues is Spanco, which owes SBI Rs 347.30 crore.

India and Indonesia on Saturday set an ambitious USD 50 billion targets for bilateral trade over the next six years as Prime Minister Narendra Modi and President Joko Widodo discussed ways to deepen cooperation in a number of key areas including economy, defence and maritime security.

The two leaders, who are in Osaka, Japan for the G20 Summit, met in the morning and discussed ways to boost bilateral ties and enhance cooperation in trade and investment.

The next few years will be decisive for Tata Motors and the company needs to transform itself to be relevant in the world of future mobility by forming partnerships, developing new solutions and optimise investment, according to Chairman N Chandrasekaran.

In his address to shareholders in the company's Annual Report for 2018-19, he also reiterated that transition to electric mobility needs to be well planned with government and industry working together to ensure development of ecosystem while incentives are provided to stimulate demand and sustainability goals are achieved.

Equity benchmarks nursed losses Friday as investors remained cautious ahead of the crucial US-China trade talks on the sidelines of the G-20 meet.Domestic trading sentiment was also at a low ebb following tightening of mutual fund norms by regulator Sebi, and the RBI recommending extra vigil regarding non-banking finance companies (NBFCs), traders said.

Amazon on Friday said it partnered the Tribal Cooperative Marketing Development Federation of India (TRIFED) to take tribal products to global customers.

TRIFED is the apex organisation under the ministry of tribal affairs, and the partnership will expand presence of TRIFED’s brand ‘Tribes India’ to Amazon users in 190 countries.

Addressing financial stress in the telecom sector after the upcoming spectrum auction, the revival of Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) with “least pressure” on the government, and ensuring “fair competition” will be priority for Telecom and IT Minister Ravi Shankar Prasad.

This is besides establishing India as the manufacturing and export hub of electronics.

The Reserve Bank of India (RBI) will continue to refine its forecasting models leveraging data that it receives from various sources, Governor Shaktikanta Das said on Friday.

The central bank receives data from banks, various other financial companies, as well as from the markets. This data can be used to fine-tune regulatory tools, Das said.

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