Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30 against "a meagre" 2 per cent hike offered by the management body, Indian Banks' Association (IBA).

During the negotiations held on May 5, IBA made two unacceptable propositions including an offer of 2 per cent hike in the wage bill cost as on March 31, 2017, United Forum of Bank Unions (UFBU) said in a statement.

Tata Motors on Friday reported 38.81 percent rise in global sales, including that of Jaguar Land Rover, at 1,02,297 units in April.

The company had sold a total of 73,691 units in the same month last year.

San Francisco: Amazon.com Inc. has stopped buying a popular type of Google ad, according to people familiar with the decision. The move deepens the rift between the technology titans and signals Amazon’s growing ambition in the digital advertising market.

The pullback affects highly coveted real estate at the top of Google search results, where retailers and e-commerce bid and pay handsomely to place colourful, image-rich ads that show up when consumers look online for running shoes, headphones and other products to buy.

Mumbai: Siemens Ltd, the Indian arm of global engineering giant Siemens AG, is keen on tapping the business opportunity created by stressed assets in the country’s banking system, a senior company executive said.

“These stressed assets are all opportunities that we are looking at. We are working together with banks, we are working together with the government, working with the private players to see how we can participate and make some of these stressed assets much more productive,” Sunil Mathur, managing director and chief executive of Siemens Ltd, told Mint.

The benchmark Sensex rose about 134 points in early trade on Friday as investors looked forward to release of key macroeconomic data amid positive global cues.

Optimistic buying in blue-chip stocks ahead of industrial production and inflation data, to be released after market hours, drove stocks higher, brokers said.

The rupee showed some strength to quote 21 paise higher at 67.11 against the dollar in early trade on Friday on fresh selling of the US currency by exporters and banks amidst higher opening in the domestic equity market.

Forex dealers said besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies overseas after tepid inflation data supported the rupee.

With the Supreme Court making it clear that the government cannot insist that telecom companies undergoing merger and acquisition need to pay the one-time spectrum charge (OTSC) levied on them, the telecom department on Thursday said that the Bharti-Telenor deal will be approved in less than a month’s time and that the Idea-Vodafone merger will also be expedited so that it can be completed by June, the time frame set by the companies.

Walmart Flipkart deal: After the world’s largest retailer Walmart picked up a 77% stake in homegrown giant Flipkart, online czar Vijay Shekhar Sharma of Paytm called it a perfect answer to those who were dismissive of Indian start-ups. Commenting on the humoungous valuation garnered by Flipkart in the deal, Vijay Shekhar Sharma tweeted, “This is 1 Lakh crore+, all cash deal ! vI call it, perfect answer to those who were dismissive of Indian startups in an open-for-all market.

Suzuki Motor Corp on Thursday said it would earmark record investment this year for research and development into technologies such as electric vehicles (EVs) as it defends it dominance in its biggest market, India. Higher R&D costs and a stronger yen will push operating profit down 9.1 percent in the current financial year at Japan’s fourth-biggest automaker, offsetting record global vehicle sales.

Shares of Aditya Birla Group’s telecom company Idea Cellular crashed more than 8% to an 8-year low in the morning deals on Friday as telecom companies slump on the ‘Zero Touch’ post-paid plan by Mukesh Ambani’s telecom firm Reliance Jio Infocomm. Shares of major domestic telecom players such as Bharti Airtel, Reliance Communications slipped considerably in the early deals on Friday.

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