TVS Motor on Wednesday announced its alliance with Torino Motors, a subsidiary of Groupo Autofin for the Mexican region.

In the first year of the association, Torino Motors will work with TVS Motor to open 40 exclusive stores in the country for the distribution of two-wheelers, according to a company release.

New Delhi: India’s richest man Mukesh Ambani plans to build Reliance Jio Hubs, a one-stop shop for all consumer items sold by Reliance Industries Ltd and its units ranging from electronics to groceries, to provide people living in small towns their first mall-like shopping experience. The aim is to leverage the strengths of units Reliance Retail Ltd’s physical stores and Reliance Jio Infocomm Ltd’s digital infrastructure to boost sales in smaller towns, which have largely been untouched by modern retail and online shopping.

The BSE Sensex rebounded over 100 points in opening trade Wednesday on value-buying in recently battered stocks amid strength in the rupee and positive global cues. The 30-share BSE index recovered by 142.26 points, or 0.38 per cent, to 37,432.93 in opening trade. The index had lost almost 800 points in the previous two sessions as rupee woes and trade war worries spooked investors.

The American Civil Liberties Union (ACLU) is suing Facebook on behalf of three women job seekers who accused the social media giant of posting ads that are shown only to men. The ACLU, along with the Communications Workers of America and the employment law firm Outten & Golden LLP, on Tuesday filed charges with the US Equal Employment Opportunity Commission against Facebook.

India’s plan to merge state-controlled lenders as a way to resolve its bad-debt issue didn’t thrill investors. The proposed union of Vijaya Bank and Dena Bank with Bank of Baroda fanned speculation of further consolidation in the sector. While some state-run lenders rose on Tuesday, most fell on concerns about eroding capital buffers and growing bad debt for buyers. Overall, the 22 banks listed on Indian stock exchanges lost about 203 billion rupees ($2.8 billion) of market value.

Giving a leg-up to the Centre’s disinvestment scheme, state-run Coal India (CIL) and KIOCL (formerly Kudremukh Iron Ore Co) will buy back their own shares next month.

CIL’s wholly-owned subsidiary Mahanadi Coalfields (MCL) will buy back shares equivalent to 25% of its aggregate fully paid-up share capital and free reserves from the parent.

The Department of telecommunications (DoT) is working on a proposal for allocation of spectrum in the 2100 MHz band for launching 4G services to state-run operators BSNL and MTNL, and a final decision on the same is expected by year-end. “We have set up an internal committee in DoT which is working on BSNL and MTNL’s proposals for launching 4G services.

India's largest law firm, Cyril Amarchand Mangaldas (CAM), is being scrutinized by federal agents after they seized documents related to the $2 billion fraud at state-run Punjab National Bank (PNB) from CAM's premises in February, a lawyer representing the government and a police source told Reuters.

North Korean leader Kim Jong Un agreed to permanently dismantle his main nuclear complex at Nyongbyon if the United States takes corresponding measures, South Korean President Moon Jae-in said Wednesday after the two leaders held summit talks in Pyongyang to try to sustain nuclear diplomacy with Washington, which has been pushing hard for stronger disarmament moves from the North.

The Securities and Exchange Board of India (Sebi), in its board meeting on Tuesday, decided to allow foreign companies having exposures in the Indian commodity market to hedge their positions in derivatives.

The decision was taken after consultation with the ministry of finance and the Reserve Bank of India (RBI). However, they will not be allowed to hedge their exposures in sensitive commodities. Derivatives trading will also not be permitted in commodities they don’t have exposure in. This may differ from company to company.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.