Ford Motor Co. is killing its slow-selling Fusion sedan while keeping the name to affix to a sport wagon it is developing to take on Subaru’s popular Outback, according to people familiar with the automaker’s plans.

The Fusion name probably will live on when the sedan exits early next decade, according to a spokesman.

Healthy start to corporate earnings lifted benchmark indices above their recent milestones on Thursday.

The BSE Sensex surged 211.07 points to hit all-time high of 36,477-mark and the NSE Nifty index surged 64.15 points at 11,012.45 in early trade on Thursday.

Lenders to Essar Steel on Wednesday urged the NCLAT to complete its insolvency resolution process in "quick" time, saying the debt-ridden company is incurring a daily loss of Rs 17 crore.

At a hearing of the National Company Law Appellate Tribunal (NCLAT), Sudipto Sarkar, counsel appearing for the Committee of Creditors (CoC) of Essar Steel, requested it to expedite the process.

With as many as 67 fulfilment centres (FC) across 13 states in India, and a storage capacity of over 20 million cubic feet, Amazon India says it is now has the largest warehousing capacity among all e-commerce firms in the country.

That apart, the company has created a whole new wing of forward logistics providers, which basically are small-format warehouses within a city for two-hour express deliveries. Amazon now has 17,500 such 'I Have Space' stores across 225 cities and 350 service partners in 320 cities.

Efforts from state governments such as those of Maharashtra and Uttar Pradesh to develop floating solar plants might hit the financial-viability hurdle.

Industry officials said that non-availability of the primary float structure in India make these projects an expensive option.

Cipla has acquired a 100 per cent stake in Mirren, a South African over-the-counter (OTC) pharmaceutical manufacturer and distributor. The transaction is subject to the approval by the Competition Commission of South Africa.

Paul Miller, CEO of Cipla South Africa, said that once approved, the transaction will enhance Cipla's current OTC portfolio, by adding Mirren's well-established brands like Bronco!

Net neutrality, a controversial issue around the world, has emerged a winner in India. In a heavy-duty meeting on Wednesday, the Telecom Commission, the highest decision-making body in the Department of Telecommunications, approved the net neutrality rules implying internet will remain open to everybody in the country.

State-run telecom firm BSNL today unveiled first internet telephony service in the country that will allow users to dial any telephone number in India through its mobile app. Now BSNL customers will be able to make calls using the company’s mobile app “Wings” to any phone number in the country.

Mumbai: National carrier Air India Ltd, which has asked the central government to revive its equity infusion after its sale plans stalled, is seeking ₹2,100 crore from the government to address its immediate operational needs, two senior officials of the airline told Mint.

However, this infusion will only take care of the airline’s short-term capital requirements and the national carrier could have to dip into the market again to raise money for its fleet and other expansion plans, which include future procurement of aircraft on lease.

Tata Motors Ltd’s standalone business has been forging ahead with strong double-digit sales growth in commercial vehicles (CVs) and passenger vehicles (PVs). However, it looks like the automobile juggernaut is beginning to pay a price for sustaining this growth.

The company’s rising trade receivables indicate it is deploying more credit to push sales. During fiscal year 2018 (FY18), the standalone entity’s trade receivables, which is the amount customers (dealers) owe the firm, rose sharply by 64%, twice the rise in sales.

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