Shares of Mahindra & Mahindra (M&M) hit a 52-week low of Rs 661 per share, down 3 per cent on the National Stock Exchange (NSE) in early morning trade on Monday after the management revised its tractor volume guidance lower to 10 per cent from earlier lower band of 12-14 per cent. It also expects FY20 tractor growth to be in single digits. The passenger vehicles industry is expected to grow at around 5-6 per cent in FY19.

The rupee opened eight paise higher at 71.23 against the US dollar on Monday.

The domestic unit appreciated by 14 paise Friday to close at 71.31 against on persistent foreign fund inflows even as the greenback strengthened overseas amid fresh concerns over global growth.

Debt-ridden telecom operator Reliance Communications (RCom)'s subsidiary Reliance Realty will develop the Maharashtra’s first and largest Smart Fintech Centre in Navi Mumbai, RCom announced on Monday. The Department of Information Technology, Government of Maharashtra and the Maharashtra Industrial Development Corporation (MIDC) granted approval to Reliance Realty to develop the Smart Fintech Centre at its Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai, under the Government of Maharashtra’s new Fintech Policy.

A Delhi court on Monday asked the CBI and the ED to provide documents to the accused in IRCTC scam cases on February 14 and 25 respectively.

Special Judge Arun Bhardwaj fixed February 14 as the date for the Central Bureau of Investigation (CBI) to provide the documents to the accused and the Enforcement Directorate (ED) will have to submit them on February 25 at 2 pm.

State-run telecom player BSNL has solidified its representative benefits and is undertaking other measures to cut down its use radically, pointing to support itself within the current advertise situation, its chairman and overseeing executive Anupam Shrivastava told DNA Cash.

With all the taken a toll cutting exercices put together, the company has been able to spare Rs 2,500 crore final year and a comparative sum is anticipated to be spared within the continuous fiscal.

North Block is worried the continued losses suffered by IDBI Bank and the erosion of LIC’s investment in the lender, made at its insistence, may force it to eventually step in with rescue capital or allow the bank to be sold off.

“The Life Insurance Corporation invested around Rs 21,624 crore in IDBI, including buying a 26 per cent stake at a price of Rs 61.73 a share. That share price has now dropped to Rs 43.10, around a 30 per cent fall in price. This is a worrying phenomenon, especially as IDBI Bank does not look like turning around anytime soon,” said officials.

At a time when many stocks are experiencing extreme bouts of volatility due to various factors, including negative news flow, the Securities and Exchange Board of India (SEBI) and the stock exchanges have increased the vigil on such stocks by introducing measures to minimise the probability of fraudulent activities.

Air India Pilot unions wrote to the company on Sunday saying they are yet to receive December’s flying allowance, which consists of around 70 per cent of total salary, and the pilots are working under “stressful conditions” that has “direct implications on flight safety”. Flying allowance is paid to a pilot on the basis of the number of flight hours he or she has clocked in a month.

In an industry-first, India’s largest carmaker Maruti Suzuki has started a ‘car servicing at night’ initiative for its customers. It’s currently available at nine workshops in five cities: Gurgaon (Haryana), Sahibabad (UP), Bangalore and Mangalore (Karnataka) and Bhubaneswar (Odisha).

Partho Banerjee, Executive Director (Service), Maruti Suzuki, said, “Customer convenience is of utmost importance, and with this initiative, we strive to enhance the customer ownership experience.

The International Monetary Fund on Sunday warned governments to gear up for a possible economic storm as growth fall short of expectations.

"The bottom-line -- we see an economy that is growing more slowly than we had anticipated," IMF Managing Director Christine Lagarde told the World Government Summit in Dubai.

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