MUMBAI: Maruti SuzukiBSE -1.61 %'s premium hatchback Swift is close to earning the tag of the Indian car that logged 100,000 bookings in the shortest time — just a little over two months — trumping compact sedan stablemate ‘Dzire’, which had touched the milestone in 12-14 weeks.

Bookings for the third-generation Swift had opened on January 18. By end of business hours on Friday, its pan-India bookings crossed 90,000 units, according to data shared by Maruti Suzuki, India’s largest passenger carmaker which is the largest volume contributor for Japan’s Suzuki Motor.

Tata Motors’ joint venture in Bangladesh is considering exports of the small commercial vehicle, Tata Ace to Myanmar and north-east India.

While Tata Motors currently has an assembling plant in Myanmar which has the capability to manufacture small commercial vehicles and the company currently caters to north-east India from its Indian plants, exports from Bangladesh is considered to be logistically more viable for the region and can be cheaper than exports from India.

Mumbai: In an effort to discourage the common public from investing in potentially shell companies in the listed space, the Securities and Exchange Board of India (Sebi) wants exchanges to charge higher transaction fees for trading in stocks of firms that are illiquid (thinly-traded) or not held by too many shareholders.

Two persons, including a regulatory official confirmed this.

WhatsApp has begun rolling out a new feature that will change the way you use and interact with the groups. The new feature allows you to add a group description so that the group members know what the group is about. Besides, WhatsApp has introduced one more feature for the groups – you can now search a participant in a group. Moreover, the update also includes an easier way to switch from a voice call to video call by the tap of a button.

Amid the multiple scams unearthed recently in the banking sector, the Reserve Bank of India (RBI) has issued a Prompt Corrective Action (PCA) framework to maintain the sound financial health of banks.

The framework facilitates banks in breach of risk thresholds for identified areas of monitoring, such as capital, asset quality (tracked in terms of the net Non-Performing Assets ratio) and profitability, to take corrective measures in a timely manner, in order to restore their financial health.

The Centre may give the good news to 50 lakh government employees as it may consider giving salary hike beyond the recommendations of seventh pay commission.

If various media reports are to be believed then the Narendra Modi government is considering increasing the salary of low-level officials, from matrix level 1 to 5 and go beyond the recommendations of the 7th Pay Commission.

Mumbai: Benchmark equity index Sensex plunged more than 500 points on Friday, after the Telugu Desam Party (TDP) finally decided to quit the National Democratic Alliance (NDA), and a vibrant primary market diverted some investor interest.

The BSE’s 30-share Sensex shed 1.51%, or 509.54 points, to close at 33,176 points, while the National Stock Exchange’s (NSE’s) 50-share Nifty declined 1.59%, or 165 points, to close at 10,195.15 points. For the week, they are down 0.39% and 0.31%, respectively.

India’s most valued company in terms of market capitalisation, Reliance Industries started with a meagre Rs 1,000 and just one employee way back in 1966, Mukesh Ambani revealed yesterday. Speaking at the Financial Times ArcelorMittal Boldness in Business Awards, Mukesh Ambani said that his father, Dhirubhai Ambani founded Reliance in 1966 with a dream to build Reliance as a world-class and world-scale Indian business conglomerate.

KOLKATA: Dues of power plants to Coal India increased to Rs 12,300 crore at the end of February from Rs 9,000 crore in May last year, prompting officials of the state-run monopoly miner to request the power ministry to intervene and help recover the amount.

At a recent meeting with power ministry officials, Coal India executives said that the miner’s priority was to more than double coal inventory levels at power plants to 30 million tonnes from the present level of 14 million tonnes but they requested that the ministry should impress upon power plants to clear the dues at the earliest.

An international study on Thursday said popular brands were selling contaminated mineral water bottles. The study by the State University of New York found twice as many plastic particles or micro-plastics in bottled water.

Now, India’s apex food regulator is consulting a scientific panel to understand the implications of the study. The study also prompted the WHO to take cognizance.

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