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RBI reduces hedging requirements for ECBs of 3-5 years to 70% from 100%

RBI reduces hedging requirements for ECBs of 3-5 years to 70% from 100%

The Reserve Bank of India (RBI) on Monday reduced hedging requirements for external commercial borrowings (ECBs) of 3-5 years to 70 per cent from 100 per cent.

At the time of rollover of the existing hedges, the mandatory limit would be reduced to 70 per cent automatically, the RBI said in a notification on its website.

Amazon unveils cloud-based service to develop, test robotics application

Amazon unveils cloud-based service to develop, test robotics application

US e-commerce leader Amazon's subsidiary, Amazon Web Services (AWS), Monday launched the Cloud-based service, AWS RoboMaker, that will help developers to develop, deploy and test robotics applications.

The new service, which uses the widely deployed open source software Robot Operating System (ROS), serves as a platform to help accelerate the time-consuming robotics development process, Xinhua news agency reported.

Bhubaneswar gears up to host opening ceremony of Hockey World Cup 2018

Bhubaneswar gears up to host opening ceremony of Hockey World Cup 2018

The capital city of Odisha is all geared up for the grand opening ceremony of Hockey World Cup (HWC) 2018. The opening ceremony will carry a central message of "oneness".

The capital city of Odisha is all geared up for the grand opening ceremony of Hockey World Cup (HWC) 2018. The opening ceremony will carry a central message of "oneness".

Who's the most valuable of them all: Apple may lose crown to Microsoft

Who's the most valuable of them all: Apple may lose crown to Microsoft

Just four months after Apple Inc breached the $1 trillion mark, the iPhone maker has lost its lead as Wall Street's most valuable company and is on the verge of being replaced by Microsoft Corp .

Apple shares fell 1.77 percent in extended trade after U.S. President Donald Trump told The Wall Street Journal that tariffs could be placed on laptops and mobile phones imported from China.

Centre moves SC seeking Rs 2,940 crore RCom bank guarantee over spectrum

Centre moves SC seeking Rs 2,940 crore RCom bank guarantee over spectrum

New Delhi: The Supreme Court on Monday agreed to hear the Centre’s plea for Rs 2,940 crore bank guarantee from Reliance Communication arising from outstanding spectrum dues. The case was brought before a bench headed by Justice A.K. Sikri who said it would be heard tomorrow.

Bajaj Auto launches KTM 200 Duke with ABS at 1.60 lakh

Bajaj Auto launches KTM 200 Duke with ABS at 1.60 lakh

Mumbai: Bajaj Auto, which owns 49 per cent in Austrian sports bike brand KTM, Friday launched the ABS (anti-lock braking system) version of KTM 200 Duke, priced at Rs 1.60 lakh (ex-showroom Delhi). The newly added ABS will be an added feature for improved and controlled stopping power.

Maruti Suzuki to upgrade its 15 vehicles, 40 variants to meet BS-VI norms

Maruti Suzuki to upgrade its 15 vehicles, 40 variants to meet BS-VI norms

With the Supreme Court fixing April 1, 2020, deadline for the sale of only BS-VI-compliant vehicles, Maruti Suzuki India (MSI) is working 'overtime' to make over 40 variants of powertrains across more than 15 models meet the stricter emission norms, according to a senior company official.

The company has also reinforced manpower in its engineering and research and development in order to be able to meet the Bharat Stage (BS) VI norms for its fleet ahead of schedule.

Coal India, Vedanta, NTPC, SAIL hit 52-week lows

Coal India, Vedanta, NTPC, SAIL hit 52-week lows

Shares of Coal India, Vedanta, NTPC, Steel Authority of India (SAIL) and Finolex Cables have hit their respective 52-week lows on the BSE on Monday.

BASF, CARE Ratings, Hexaware Technologies, ITD Cementation, Jindal Stainless, Shankara Building Products, Take Solutions and Timken India were among 18 stocks from the S&P BSE 500 index are some of the other counters that hit their 52-week lows today.

YES Bank shares could witness choppy trade

YES Bank shares could witness choppy trade

YES Bank shares could be volatile this week as investors debate about the fate of mutual fund holdings of the debt issued by two promoter companies after the bank’s stock price halved from its peak in August.

Mahindra and Mahindra to use SsangYong brand to expand portfolio

Mahindra and Mahindra to use SsangYong brand to expand portfolio

JAIPUR | MUMBAI: Mahindra and Mahindra, India’s leading manufacturer of utility vehicles, is leveraging its overseas unit SsangYong to develop new products and expand its portfolio seven years after acquiring the South Korean brand.

The company has set itself a target of selling 9,000 units a month from three all new products planned this financial year,

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Maruti Suzuki India Limited
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