Maruti Suzuki India (MSI) today said it is recalling 1,279 units of new Swift and Dzire models to inspect for a possible fault in the airbag controller units.

MSI in a statement said it will proactively and voluntarily undertake a recall for 1,279 vehicles (566 new Swift and 713 new Dzire) manufactured between May 7 to July 5, 2018.

Aiming to generate revenues from new segments, state-run telecom player BSNL is targeting Rs 650 crore from its partnerships with virtual network operators (VNOs).

BSNL has tied-up with VNOs Plintron and Aerovoyce to start the services. Besides, it has introduced the first robotic process automation in the organisation which will enable the firm to save Rs 300 crore annually.

As Sensex hit another all-time high on Tuesday at 36902.06, three out of four BSE-500 stocks stayed at the other end of the spectrum, bleeding.

While 130 stocks have swung into the positive territory in 2018 (year to date), the remaining 370 have left investors in the lurch with a negative growth during the seven-month period since January 1.

The National Democratic Alliance (NDA) government has asked the Reserve Bank of India (RBI) for its suggestions on specific public sector banks (PSBs) that could be merged in a bid to achieve synergy.

“The government has requested the RBI for views as well as suggestions regarding specific possible combinations to achieve scale and synergy for appropriate consideration,” Minister of State for Finance Shiv Pratap Shukla said in a written reply in the Rajya Sabha on Tuesday.

The Sebi on Tuesday proposed a three-phase process for re-classification of promoters as public shareholders. In the first stage, the concerned promoter shareholder or the company will have to file an application to the stock exchange requesting re-classification. In the next stage, the request will go to the board of directors.

The board will then provide its recommendation, which will be placed before the shareholders.

Four persons of India-origin, including three women, have been named by Fortune among 40 of the most influential and inspiring young people in business under the age of 40.

Instagram Cofounder and CEO Kevin Systrom and Facebook founder Mark Zuckerberg, both 34, are tied for first place on the Fortune '40 Under 40' list.

Bank finance to the gem and jewellery sector has declined by at least 10 per cent, which will adversely impact exports, GJEPC cautioned in a report. The apex body of the gems and jewellery trade in its report today also estimated that the exports in the current fiscal year will see a drastic drop of 10 per cent.

The bruising telecommunications price war unleashed by the entry of India’s richest man into the sector may continue for at least a year or as long as it takes Reliance Jio Infocomm Ltd. to nearly double its user base.

Ambani’s telecom unit will strive to double subscribers to 400 million before raising prices, Kunal Agrawal, a Hong Kong-based analyst with Bloomberg Intelligence said in an emailed response to questions.

The Supreme Court on Wednesday said the government’s stand on completing the appointment of Lokpal, an ombudsman to protect the common man from corruption in public service and power centres, is “wholly unsatisfactory.”

The court was reacting to an affidavit filed by the government, the stated aim of it being to specify the exact time frame by which it would appoint the Lokpal. Instead, the government, represented by Attorney-General K.K. Venugopal, said it is a “complicated” process.

Shares of L&T Technology Services (LTTS) have rallied 14% to Rs 1,485 per share on the BSE in early morning trade after the company reported a more-than-double net profit of Rs 1,981 million in June quarter (Q1FY19). The L&T group company had profit of Rs 980 million in the year ago quarter.

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