FMCG major ITC today said it would file an FIR in the national capital, the third in the country, against circulation of videos which claimed presence of plastic in its Aashirvaad Atta.

The company has already filed FIRs in Kolkata and Hyderabad.

India's largest passenger car maker Maruti Suzuki India is all set to end this fiscal as the top utility vehicle (UV) player, toppling the erstwhile market leader in the segment Mahindra and Mahindra (M&M). For the April to February period, Maruti already has a lead of 21,700 units over M&M (which is equal to the average monthly volume of M&M), and thus it is expected to end the year with a lead over its closest rival.

Markets regulator Securities and Exchange Board of India (SEBI) is considering a proposal to disincentivise algorithmic trading by traders with a ‘congestion charge’ for high volumes along with other restrictions.

The proposal which was made at a recent meeting of an expert panel is aimed at addressing concerns that high-frequency or algo traders have unfair access to the trading system of exchange.

NEW DELHI: Equity indices on Friday started off on a negative note as trade war woes reached new heights after US dragged India to World Trade Organisation (WTO) over six export subsidy schemes.

The BSE index opened absolutely flat but soon started to slip as bank and metal stocks cracked. The two sectors have been under pressure due to frauds and Trump administration's decision to impose substantial tariffs on steel and aluminium imports, respectively.

BENGALURU: Infosys will open its fourth tech and innovation hub in Hartford, Connecticut, and hire 1,000 American workers by 2022. It inaugurated its first tech hub in Indianapolis, Indiana, followed by Raleigh in North Carolina and a design and innovation hub in Providence in Rhode Island.

The Connecticut hub will have a special focus on insurance, healthcare and manufacturing. It will bring Infosys closer to its Connecticut clients and serve as the global hub to further strengthen its insurtech and health tech efforts.

NEW DELHI: Air India’s Twitter account @airindiain was hacked on Thursday with a Turkish group claiming responsibility for the act.

The account was restored by noon. “Your account has been hacked by the Turkish cyber army Ayyildiz Tim. Your DM correspondence and important data have been captured," read another tweet on the compromised account.

The benchmark BSE Sensex fell over 130 points in early trade on Friday amid weak Asian cues and selling on oil & gas, metals, power, PSU and IT counters.

Brokers said persistent selling by investors, capital outflows by foreign funds and a weak trend in Asian bourses due to increased concerns over the prospect of a global trade war dampened market sentiment.

HDFC Bank has priced its seven-year masala bonds at 8.1% to raise $350 million, investment bankers close to the deal told FE. A masala bond is a rupee-denominated bond issued in the overseas market. This is the first masala bond offering by HDFC Bank. The initial price target on the issue was at 8.15% which got compressed by five bps by the time of final pricing. “There were 40 plus investors in the issue consisting of asset managers, private banks, long-only funds etc.

The department of telecom (DoT) wants BSNL and MTNL to join hands on not just ramping up the latter’s 3G network in the National Capital Region (NCR) to ramp up service experience for customers, but also wants both the operators to pitch together for enterprise customers on a pan-India basis, utilising each other’s networks across the country. “Several areas of cooperation between the two have been identified under Synergy.

The Telecom Regulatory Authority of India (Trai) has asked Bharti Airtel to furnish details of all the segmented tariff plans that the operator has offered to its subscribers by March 25. In a letter to the country’s largest telecom operator on Thursday, Trai asked whether the operator has offered such segmented tariff plans to its customers and in which circles of the total 22 that Bharti operates in.

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