ICICI Bank and its management run the risk of a class action suit in the United States of America (USA) if charges of wrongdoing in giving loans are established, according to US broking entity Jefferies.

Indian investigative agencies are probing alleged links between the bank's chief executive officer, Chanda Kochhar, and the Videocon group.

Car market leader Maruti Suzuki India is creating a dedicated business model in a bid to tap into the institutional customers better, said people aware of company's plans. As part of the plan, the local arm of the Japanese car maker plans to set up a separate sales channel and provide a complete end-to-end solution ranging from sales and service to insurance and finance, said one of the persons.

Tech giant Microsoft today said it will invest USD 5 billion over the next four years on Internet of Things (IoT) globally.

Microsoft, in a statement, said this increased investment will support continued research and innovation in IoT.

National Highways Authority of India has established its Rs 250 billion Medium Term Note (MTN) programme on India INX’s Global Securities Market. India INX is a wholly-owned subsidiary of BSE Ltd and its Global Securities Market platform offers fundraising framework from global investors on a par with other international venues. Since its launch in January 2018, Indian issuers have established programs of $21 billion on this new platform.

Hinduja group flagship Ashok Leyland has rolled out the 2,00,000th unit of light commercial vehicle "Dost" from its manufacturing facility, a top official said.

The 2,00,000th unit was the company's highly popular "Dost" range of model, which was rolled out from the assembly line at its manufacturing unit in Hosur about 300kms from here.

Car market leader Maruti Suzuki India is creating a dedicated business model in a bid to tap into the institutional customers better, said people aware of company's plans. As part of the plan, the local arm of the Japanese car maker plans to set up a separate sales channel and provide a complete end-to-end solution ranging from sales and service to insurance and finance, said one of the persons.

German luxury carmaker Mercedes-Benz today launched Grand Edition of its flagship SUV GLS in India with both petrol and diesel powertrains priced at Rs 8.69 million.

The GLS 350 d comes with a 3-litre V6 diesel engine producing 258 horsepower while GLS 400 features a V6 petrol engine that delivers 333 horsepower.

The Ministry of Civil Aviation (MoCA) on Tuesday called a meeting of all stakeholders to review the progress of setting up the Noida International Greenfield Airport at Jewar.

The airport, which is part of the ministry's NABH (NextGen Airports for BHarat) Nirman initiative, is to be developed on Public Private Partnership model (PPP).

NEW DELHI: Air India's New Delhi-bound flight from Chicago has been grounded at the the Chicago airport due to a technical glitch.

The aircraft, a Boeing 777-300, operating AI 126 ( Chicago-New Delhi), which was scheduled to take off at 1.30pm (local time), is currently on ground due to a crack on the edge flap on one of the wings, an Air India source said.

Mumbai: Chanda Kochhar, managing director and chief executive of ICICI Bank Ltd, has pulled out of the annual session of the FICCI Ladies Organisation (FLO), scheduled for 5 April.

Kochhar was to be the guest of honour at the session, where she was to be felicitated by President Ram Nath Kovind.

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