Chinese smartphone maker Oppo on Monday said it was planning to set up its first India research and development (R&D) centre in Hyderabad.

In line with its objectives, the company has hired Tasleem Arif as its R&D Head in India, Oppo said in a statement.

Ashok Leyland has reported a 21 per cent jump in M&HCV sales during the month of September 2018 at 14,232 units as against 11,805 units, during the same month last year.

Company's Light Commercial Vehicle (LCVs) sales rose by 44 per cent, 5141 units from 3,566 units, a year ago.

Bajaj Auto Monday reported 17 per cent increase in total sales to 5,02,009 units for September as against 4,28,752 units in the same month last year.

Total domestic sales during the month stood at 3,11,503 units as against 2,81,779 units in September last year, a growth of 11 per cent, Bajaj Auto said in a statement.

The supply of coal by State-owned CIL to the power sector in the first five months of the ongoing fiscal increased by 12.1 per cent to 196.9 million tonnes (MT).

The dispatch of dry fuel by Coal India (CIL) in the April-August period of the 2017-18 was at 175.6 MT, according to official data.

Insurance regulator Irdai has allowed distribution of all micro-insurance products through point-of-sales (PoS), with an aim further increase insurance penetration in the country.

The Insurance Regulatory and Development Authority of India (Irdai) has created a special category of insurance policies called micro-insurance policies to promote insurance coverage among economically vulnerable sections of society.

The rupee weakened by 36 paise to 72.84 against the US dollar Monday even as the RBI announced plans to purchase government bonds worth Rs 36,000 crore to boost liquidity.

The domestic unit rupee had gained 11 paise to close at a one-week high of 72.48 against the US dollar On Friday.

New Delhi: Maruti Suzuki India Ltd has started its maiden performance audit of vendors and also introduced a so-called ‘purple band’ for the most efficient suppliers as it seeks to ensure its goal of retaining the leadership of the domestic market by producing up to five million vehicles by 2030, said three people directly aware of the development.

Troops from North and South Korea began removing some landmines along their heavily fortified border on Monday, the South's defence ministry said, as part of a pact to reduce tension and build trust on the divided peninsula.

Project details were agreed during last month's summit in Pyongyang, the capital of North Korea, between its leader, Kim Jong Un, and South Korean President Moon Jae-in.

The Enforcement Diretorate on Monday attached properties and bank accounts of Nirav Modi and his family members worth Rs 637 crore concerning with the infamous Punjab National Bank.

"ED attaches Rs 637 crore worth of assets of Nirav Modi and family in India and four other countries in PNB fraud case", an official told PTI.

The benchmark 30-share BSE Sensex recovered after falling marginally in early trade Monday amid mixed global trends. After slipping over 60 points, the index gained around 46 points to trade at 36,273.54 points.

The broader Nifty index was trading almost flat at 10,920.80.

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