MUMBAI: It has been a classic case for the Indian passenger vehicle market in the last 5-7 years: if Maruti Suzuki sneezes, the market catches a cold.

So, the overall Indian passenger vehicle market fell into negative category in the quarter ended September with sales falling 3.6% year-on-year to 870,804 when Maruti Suzuki sales dropped 1% to 449,834.

MUMBAI: Loss-making national carrier Air India plans to mop up Rs 700-800 crore by selling over 70 residential and commercial properties spread across the country, a senior airline official said Thursday.

This fresh bid is a part of the airline's real estate assets monetisation plan approved by the then UPA government in 2012.

New Delhi: Home favourite M. C. Mary Kom will look to grab her historic sixth crown when she will begin her campaign at the Aiba Women’s World Boxing Championships at the Indira Gandhi Stadium here from Thursday.

The 35-year-old, who will fight in the 48kg, is tied with Katie Taylor on five golds and one more will make her the most successful woman boxer in history since the Irish pugilist is now a Pro.

Bengaluru: Tech major Infosys will hire 500 American workers in Texas where the company is setting up a Technology and Innovation Hub, a specialised facility for telecommunications, retail and banking sectors.

Infosys in May 2017 said it would hire 10,000 American workers by 2019 and the company has already hired over 6,200 of them since it made this people announcement.

Mumbai: The BSE benchmark Sensex rose over 100 points to 35,257.88 and the NSE Nifty regained 10,600-mark on Thursday backed by gains in auto, pharma, energy and financial stocks amid fresh foreign fund inflows and easing global crude prices.

The appreciating rupee and mixed leads from other Asian markets too influenced sentiment.

Shares of Mahindra and Mahindra Ltd lost 2.3% on the National Stock Exchange after it reported weaker-than-expected numbers for the September quarter (Q2) on Wednesday. Revenue growth was a tepid 6.6%, reflecting muted volumes. But what caught the Street off guard is a sizeable reduction in profitability of the automobile segment.

Margins from automobiles dropped 2.7 percentage points from a year ago. The rise in raw material costs, introductory pricing for the new vehicle and higher promotional expenses were the reasons.

Amid concerns over Cyclone Gaja spoiling the launch of the country’s heaviest satellite to be carried on board an indigenous rocket from Indian soil, the Indian Space Research Organisation (ISRO) pulled off the feat to perfection on Wednesday.

Private sector lender ICICI Bank has increased its fixed deposit rates by 10-25 basis points (bps) for various maturities. For the 1 year-up to 389 day period, the new rate will be 6.9%, up 15 bps, while for 390 days-to-two years, the rate is 7.1%. For over 2 years up to 3 years, the bank will offer 7.5% to the depositor. Deposit rates have also been raised by 25 bps for some shorter tenures.

In order to capitalise on the huge growth opportunity and to give greater focus, Apollo Hospitals Enterprise Limited (AHEL) on Wednesday announced the restructuring of its pharmacy business. The board, which met to announce the audited results, has approved the segregation of the front-end retail pharmacy business carried out in the standalone pharmacy segment into a separate company called Apollo Pharmacies Limited (APL).

Vodafone Idea on Wednesday posted a massive consolidated net loss of Rs 4,974 crore for the July-September quarter, underlining once again the financial stress the telecom operators are undergoing due to below-cost tariff which is leading to customers migrating to lower average realisation per user (Arpu) offerings.

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