Amid reports of Indian civil aviation companies being lukewarm to buying Air India, the government says it has received many queries from a number of aviation and non-aviation companies for the flagship national carrier.

The queries have been addressed to EY, the transaction advisor for the sale of Air India, Air India Express, and the flagship’s 50 per cent stake in Air India SATS. The last date to submit queries by interested parties was April 16.

TCS Q4 Results 2018: The total attrition rate in Tata Consultancy Services (TCS) fell to 11.8%, while that of IT fell to 11% in the fourth quarter of the fiscal year 2018-19. India’s largest IT services company, beating estimates, posted a net profit of 4.5% on year to Rs 6,904 crore in the quarter ended March.

Idea Cellular hit a 52-week low of Rs 70, down 2% on the BSE, on concerns of delay in merger between the company and Vodafone India.

The stock of telecom services provider trading at its lowest level since January 20, 2017, has fallen 35% thus far in the current calendar year 2018. On comparison, the S&P BSE Sensex was up 1% during the period.

Procter & Gamble will acquire 51.80 per cent stake for Rs 1,289.88 crore in India listed drug firm Merck Ltd as part of a global deal under which it is taking over German firm Merck KGaA’s international consumer health business. The global deal is for about 3.4 billion euro (Rs 27,677 crore) in cash. P&G will acquire Merck’s majority shareholding in Merck Ltd. (India) and make a mandatory tender offer to minority shareholders.

Swedish automaker Volvo Cars plans to locally assemble two more models -- XC 60 and V 90 Cross Country -- in India to strengthen business in the country.

It currently assembles XC 90 and S 90 models at the Bangalore-based manufacturing plant.

Maruti Suzuki India's(MSI) entry-level hatchback Alto retained its status as the best selling passenger vehicle in India in 2017-18, leading the company's dominance with seven of its models featuring in the top ten list.

According to data by the Society of Indian Automobile Manufacturers (SIAM), Hyundai Motor India Ltd's (HMIL) three models made it to the list.

Mumbai: Wipro Consumer Care and Lighting is scouting for personal and home care acquisitions in the Middle East, Indonesia, Vietnam, China and India, chief executive officer Vineet Agrawal said.

The consumer care unit of Wipro Ltd making Santoor soaps and Yardley fragrances started as an oil crushing unity in the 1940s, and now earns more than half of its revenues from international operations.

Mumbai: The Securities and Exchange Board of India (Sebi) is in talks with the ministry of finance to prevent an outgo of around Rs4,400 crore from its accounts to the government, fearing that it will impact its autonomy as regulator and hinder market development projects, said two people with direct knowledge of the matter.

Mumbai: The Hinduja Group flagship, Chennai-based Ashok Leyland, plans to redesign its light commercial vehicles (LCVs) to serve the fast-growing Indian e-commerce industry’s last-mile delivery needs, according to a senior company executive.

LCVs are defined by industry body Society of Indian Automobile Manufacturers (Siam) as vehicles having a maximum mass under 7.5 tonnes.

New Delhi: The Board of Control for Cricket in India (BCCI) should be brought under the ambit of the Right to Information (RTI) Act and held accountable to the public, the Law Commission has recommended to the government.

The commission has asked the government to treat BCCI as an agency of the state under Article 12 of the Indian Constitution.

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