As many as 1,313 “listed” entities that have failed to file their annual reports for two years face the prospect of being struck off the registrar of companies’ (RoC) database. The move is a continuation of the ministry of corporate affairs’ (MCA) efforts to weed out shell companies.

A senior ministry official observed that while the companies were categorised as “listed”, in reality most of them were not. Consequently, their status will be altered from “listed” to “unlisted” before they are struck off.

Makers Lab, the thin-q-bator or R&D division of Tech Mahindra, is gearing up for the next phase of growth wherein connected devices powered by Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML) will increase productivity with minimal human intervention, plus identification and implementation of right technology solutions for its customers. Tech Mahindra has four Makers Lab in India; these are located in Pune, Hyderabad, Bangalore and Chennai, and cater to over 100-300 customers. Last month, two more of these research and development centres have been opened in Munich, Germany and at Plano, Dallas, US.

Carmakers have reported an unusually high double digit volume growth in domestic sales for June on a low base of previous June. Domestic volume of passenger vehicles (cars, vans and utility vehicles) in had slipped more than 11 per cent to 198,399 units in June last year as manufacturers consciously regulated dispatches to dealers to minimise losses arising out of the transition to the goods and services tax (GST) regime from July 2017.

Prime Minister (PM) Narendra Modi on Sunday ruled out a single slab for the goods and services tax (GST), stating that milk and the Mercedes could not have the same rate.

The GST regime was rolled out on July 1 last year. The central government on Sunday marked its first anniversary with an event in New Delhi, while Modi took to social media to showcase its advantages.

The rupee strengthened by 13 paise to 68.33 against the dollar in early trade on Monday on increased selling of the US currency by exporters and banks amid higher opening in the domestic equity market.

Forex dealers said a higher opening of the domestic equity market supported the rupee but the dollar's strength against some currencies overseas capped the gains.

China fulfilled a pledge to slash tariffs on imported cars Sunday, but the respite for auto makers who export to China from the US will be brief as Beijing prepares to slap an additional 25% tariff on US auto imports this Friday.

Ford Motor Co. and Tesla Inc, as well as Germany’s BMW AG and Mercedes-Benz maker Daimler AG —which build premium sport-utility vehicles in the US and ship them to China—stand to suffer the most.

Details of Microsoft’s secret Surface device codenamed “Andromeda” that it reportedly plans to release in 2018, have been leaked, suggesting it may come with a dual-display design, the media said. The “pocketable Surface device” that has appeared multipla times in patents is something the company has quietly incubated internally.

Reliance Industries has signed an agreement to acquire US-based open telecom solutions provider Radisys, according to a statement.

The cash acquisition is aimed at cementing Jio's position in futuristic areas such as 5G and Internet of Things (IoT).

India's largest thermal power generator NTPC Limited announced equity acquisition of two state-owned power plants in Bihar for an estimated Rs 21 billion. NTPC took 50 per cent equity stake in Nabinagar Power Generating Company Pvt. Ltd. (NPGC) and 27.36 per cent Kanti Bijlee Utpadan Nigam Limited (KBUNL) from Bihar State Power Generation Company – which was operating it earlier.

Lending major State Bank of India (SBI) on Saturday said that the central government has permitted its Managing Director B Sriram to take voluntary retirement.

The development assumes significance as Sriram was recently appointed the chief of financially troubled IDBI Bank.

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