Bajaj Auto, under pressure in the domestic motorcycle market for the last couple of years, reported a sharp 300 basis points increase in its market share in the June quarter over a year ago.

The maker of Discover and Pulsar models saw its share go up to 16.27 per cent in the three months to June from 13.96 per cent in the year ago period.

Amazon has announced a 36-hour long Prime Day sale on July 16. The sale will go live on July 16 noon simultaneously in 17 nations till July 17 midnight. Amazon's this year Prime Day sale is getting bigger than the last year's. The first edition of Prime Day sale was 30-hour long. This year Amazon will introduce around 200 exclusive products on its website.

Premium growth of life insurance players has doubled for the first quarter of this financial year (FY2019), according to data released by the Insurance Regulatory and Development Authority of India (Irdai).

The growth rate in premium revenue for life insurers in the first quarter of 2018-19 touched 10.8 per cent, year on year, compared to an annual premium growth rate of 5.6 per cent in the first quarter of 2017-18.

The Reserve Bank of India has given its nod to Fairfax to acquire 51 per cent stake in Kerala-based Catholic Syrian Bank (CSB).

This is the first stake sale of an Indian bank to a foreign non-banking entity since the Banking regulator tweaked ownership norms in May 2017.

Microsoft Corp on Friday called for government regulation of facial recognition technology and for laws governing its acceptable uses. “We believe Congress should create a bipartisan expert commission to assess the best way to regulate the use of facial recognition technology in the United States,” Microsoft President Brad Smith wrote in a blog https://blogs.microsoft.com/on-the-issues/2018/07/13/facial-recognition-technology-the-need-for-public-regulation-and-corporate-responsibility post.

Vedanta quoted the highest offer of Rs 2,500 crore for GMR’s 1,370-MW thermal power plant in Raikheda, Chhattisgarh, sources told FE. The offered price estimates the cost of the plant at Rs 1.8 crore/MW, significantly lower than the Rs 6 crore/MW needed to set up a coal-based power generation asset. Adani Power is said to have quoted the second highest price, but it could not be immediately ascertained.

Public sector lender Bank of Baroda on Friday said it had received approval from shareholders to raise up to Rs 6,000 crore through equity capital by way of either qualified institutional placement (QIP), a follow-on public offer (FPO), preferential issue, rights issue, ADR-GDR, private placement, compulsorily convertible debentures or a combination of these.

Infosys, India’s second-largest IT services company, failed to enthuse the street with its numbers, strengthening the belief that the company is yet to return to a stable phase.

The Bengaluru-headquartered company, which a new chief executive officer (CEO) is leading since January this year, mostly delivered an in-line financial performance though it missed the estimates on a couple of parameters.

Berger Paints India is considering acquisition of competing paint companies in Russia after the 2018 FIFA World Cup instilled it with fresh hopes to scale up the hitherto loss making operation in this country.

Its Russian subsidiary, together with a local partner recently painted three World Cup soccer venues - Rostov Arena, Volgograd Arena and Kaliningrad apart from two airports which led to the Russian subsidiary breaking even this fiscal year.

Drop in oil prices and sharp gains in blue-chip stocks, such as Reliance Industries, saw the benchmark Nifty post its highest weekly gain in 16 months.

The 50-share index gained 2.3 per cent during the week, the highest since the week ended March 19, 2017.

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