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.

The benchmark BSE Sensex opened 59.64 points higher, but soon turned choppy in early trade, as investors cashed profits in metal, healthcare, PSU and auto stocks, amid weak Asian cues after US-China trade spat escalated.

After opening on a positive note, the BSE 30-share barometer dropped by 56.15 points, or 0.15%, to 36,183.47 led by fall in index majors Hero Motorcorp, Vedanta, Coal India and RIL shares.

Pakistan batsman Ahmed Shehzad has been provisionally suspended and charged with violating anti-doping regulations after he tested positive for a prohibited substance in May, the Pakistan cricket board (PCB) has said.

The 26-year-old's in-competition urine sample, which was collected during the domestic Pakistan Cup tournament in May, tested positive and an independent review board confirmed the result in June.

Of the 10 top-selling cars in the country in the April-June quarter, the top six were from Maruti Suzuki and in total the company had seven models in the top 10 list. The remaining three models were from Hyundai Motor India, data sourced from Society of Indian Automobile Manufacturers (SIAM) showed.

The chairman of the UK Parliament’s media committee says the government office that investigated the Cambridge Analytica scandal has fined Facebook 500,000 pounds (USD 663,000) for failing to safeguard users’ data. Damian Collins said the Information Commissioner’s Office concluded that Facebook “contravened the law by failing to safeguard people’s information.”

Bank of Baroda (BoB), the country’s third-largest public-sector bank (PSB) by assets, on Tuesday sought applications for the post of chief financial officer (CFO). The last date for sending in applications is July 31. The appointment will be for a period of three years with yearly performance reviews. The term of engagement may be extended at the option of the bank.

Axis Bank on Tuesday said its board of directors has recommended three candidates for Reserve Bank of India’s (RBI) approval. The approved candidate will succeed its current managing director and CEO Shikha Sharma whose term ends on December 31, 2018.

The Women and Child Development Ministry has proposed that children of single mothers can apply for a PAN card without mentioning their father’s name. The move has been hailed by women’s activists and the national commission for women.

According to a Zee Business report, WCD Minister Maneka Gandhi had written to interim Finance Minister Piyush Goyal suggesting that kids of separated or divorced women or those adopted by single mothers must be given the option of dropping the name of their father.

The markets regulator is considering a proposal for delivery-based settlement of metal derivatives contracts.

Both the Multi Commodity Exchange (MCX) and National Commodity and Derivatives Exchange (NCDEX) had proposals in this regard and these are being discussed with the Securities and Exchange Board of India (Sebi).

A host of fast-moving consumer good majors on Tuesday committed to further reduce salt, sugar and trans fat in their offerings. Companies from Nestle and ITC to Hindustan Unilever and Patanjali have pledged to reduce use of unhealthy ingredients by five to 50 per cent in line with the Food Safety and Standards Authority of India's initiative to encourage healthier eating practices.

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