The prices of key transport fuels -- petrol and diesel -- witnessed another decline on Saturday thanks to lower global crude oil prices.

Petrol price decreased by over 30 paise across major cities while diesel too continued the downward trend.

The Securities and Exchange Board of India (Sebi) has initiated an inquiry into the affairs of pharma major Sun Pharmaceutical Industries on the basis of a whistle-blower complaint, said regulatory sources.

The sources said the market regulator was in receipt of a 150-page letter in which the whistle-blower accused the company of committing corporate governance and tax-related lapses, besides other securities market-related violations.

The Trump administration on Friday proposed major changes to the H1-B application process with the aim of awarding the visa to the most skilled and highest paid foreign workers.

Under a new proposed merit-based rule, a notice for which was issued Friday, companies employing foreign workers on the H1-B visa under the Congressional mandated annual caps -- would have to electronically register with the US Citizenship and Immigration Services (USCIS) during a designated registration period.

Hyundai Motor India Ltd (HMIL) Managing Director & CEO Y K Koo has stepped down from his post. He is moving back to the automaker's head office in Korea. Koo will be replaced by Seon Seob Kim, head of the business operations division.

While HMIL officials were not available for comment immediately, Hyundai's global announcement stated that Kim would become the head of Hyundai Motor India headquarters.

Clearing the deck for sale of Reliance Communications Ltd's spectrum to Reliance Jio Infocomm Ltd, the Supreme Court on Friday asked Reliance Communications to furnish a corporate guarantee of Rs 14 billion within two days to get the No Objection Certificate (NOC) from the government.

Bajaj Auto on Thursday introduced the all new Pulsar 150 Neon collection. The all new Pulsar 150 Neon 2019 collection comes with a young and peppy styling along with the sporty appeal and is for customers looking at a bike with size and performance above the 100/110 cc offerings. The new Pulsar 150 Neon is made available at an exciting introductory price of Rs 64,998/- ex showroom Delhi and is available across all Bajaj Auto dealerships in India.

India’s second largest IT firm Infosys said Thursday it has bagged a deal from Citizens Energy Group to enhance the latter’s customer service experience.

As part of this engagement, Citizens will transform its customer service by leveraging ‘Infosys Preconfigured Accelerator for Customer Experience (PACE)’, Infosys said in a statement.

India on Thursday successfully launched its latest earth observation satellite HysIS, the data from which can be used in wide-ranging areas including agriculture, from the Satish Dhawan Space Centre here onboard ISRO’s trusted workhorse Polar Satellite Launch Vehicle (PSLV).

The rocket, PSLV-C43, successfully injected state of the art HysIS and 30 other co-passenger satellites from eight countries into their designated orbits.

Shares of Indian automaker Tata Motors Ltd’s fell on Friday after its British unit Jaguar Land Rover said it is going to cut 500 jobs temporarily at its plant in central England.

Shares fell as much as 3.9 per cent to 170.35 rupees, their lowest level since Oct 29, in early trading session. More than 3.9 million shares changed hands by 0411 GMT, compared to the 30-day average of 15.8 million shares.

Mumbai: The benchmark BSE Sensex gained over 150 points and the NSE Nifty began the December derivatives series by hitting the 10,900 mark in early trade on Friday on positive cues from other Asian bourses ahead of the two-day G20 Summit.

Rupee's rally to a three-month high also supported the upmove in the domestic stock market. The domestic unit gained 21 paise to 69.64 against the US dollar.

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