The stock of Kotak Mahindra Bank declined 3.62% on Thursday to hit a three-month low of Rs 1,244.90 on Thursday on the BSE after the lender said the Reserve Bank of India (RBI) had rejected its proposal to issue non-convertible preference shares to reduce promoter holding. During the day, it plunged 3.82% to Rs 1,242.25. On NSE, shares of the company slumped 3.71% to close at Rs 1,245.

MUMBAI: Maruti Suzuki and Mercedes-Benz, the nation’s largest mainstream and luxury carmakers, respectively, have decided to increase prices, citing input cost pressures. Maruti is set to increase prices by about Rs 6,100 per vehicle, while in the case of Mercedes-Benz, the increase will be up to 4%, which essentially means a hike of Rs 1.1-7.7 lakh depending on the models.

Telecom operators have announced free calls and data, extension in bill payment due dates and other relief measures for subscribers in flood-hit state of Kerala.

Reliance Jio has announced free services for seven days while BSNL is offering unlimited free calls within its network and data services along with 100 SMS per day for a week to customers.

Hundreds of people queued up outside the residence of former Prime Minister Atal Bihari Vajpayee this morning to pay their last respects to the departed leader.

Heavy security arrangements, including deployment of police, traffic and paramilitary personnel, were in place around the 6-A Krishna Menon Marg bungalow in the Lutyens Delhi.

India is being hit by a wave of steel from producers in Japan and South Korea, a government document showed, as mills there redirect supply after US President Donald Trump slapped an import duty on the alloy earlier this year.

During the first quarter of the fiscal year starting in April, India's steel imports from South Korea rose 31 per cent from a year earlier, while those from Japan climbed 30 percent,

RIP Atal Bihari Vajpayee: Former Prime Minister and BJP leader Atal Bihari Vajpayee passed away on Thursday at Delhi’s AIIMS. The BJP stalwart breathed his last at around 5 PM. He was on life support system since Wednesday as his condition remained critical. The 93-year-old BJP leader, a diabetic, had one functional kidney. He had suffered a stroke in 2009 that weakened his cognitive abilities. Subsequently, he developed dementia.

German luxury carmaker Mercedes-Benz today said it will hike prices of its vehicles across models by up to 4 per cent from September to offset adverse impacts of rising input costs and upward forex movement.

The rising inflation due to geo-political dynamics, coupled with rising input costs and increasing forex rates has been exerting significant pressure on overall operations, Mercedes-Benz India said in a statement.

With food regulator FSSAI facing manpower shortage, the government has sanctioned an additional 493 posts for the authority to discharge its responsibility effectively for ensuring safe and nutritious food to people.

The Food Safety and Standards Authority of India (FSSAI), which currently has 356 sanctioned posts, will now be able to conduct food safety inspections, besides law enforcement for central licensees directly instead of being fully dependent on the states.

The Telecom Commission, apex decision making body at the telecom department, is likely to meet on August 31 to discuss Trai's recommendation on spectrum allocation, according to official sources.

"The next Telecom Commission meeting is proposed for August 31," an official source said without disclosing agenda of the meeting.

New Delhi: Country’s largest carmaker Maruti Suzuki India (MSI) on Thursday hiked prices of its vehicles by up to 6,100 in order to partially offset increase in commodity and distribution costs and adverse foreign exchange rates.

The price change varies across models and is up to 6,100 (ex-showroom Delhi), the company said in a statement.

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