Korean car maker Hyundai, the second-biggest player in the domestic car market, expanded its profit by six per cent in the 2017 calendar year (CY) to Rs 22 billion. The profit increase is identical to market leader Maruti Suzuki's, which saw a five per cent increase in profit for the year ended March 31, 2018. Hyundai’s sales revenue also grew by six per cent in 2017.

Sensex, Nifty on Monday started trade on choppy notes, erasing early gains. The benchmark BSE Sensex, at 9:21 AM, was up by 49.29 points to trade at 34,905.67 while Nifty was at 10,607.00. Pharma and auto stocks witnessed weaknesses, the shares were down by 0.8 per cent. Sun Pharma, Maruti Suzuki India and Cipla - trading around 1-2 per cent lower - were among the top losers on the 50-scrip Nifty index.

Tata Consultancy Services (TCS) hit a record high of Rs 3,585, up 2.4% on the BSE in otherwise subdued market, after information technology company fixed Saturday, June 2, 2018 as the record date for determining the entitlement of members to receive bonus shares in the ratio of 1:1.

Tata Power Ltd and Actis LLP are in separate talks to buy the solar power business of Subhash Chandra’s Essel Infraprojects Ltd, two people aware of the development said.

The interest from the Indian power producer and the UK-based private equity fund makes it a four-horse race for Essel’s solar power assets which are spread across Uttar Pradesh, Odisha and Karnataka. Greenko Group and Hero Future Energies Pvt. Ltd are already vying for these assets.

Punjab National Bank (PNB) has reported a record Rs13,417-crore loss for the March quarter (Q4). All eyes are now on State Bank of India (SBI), the nation’s largest lender.

It will certainly report a loss on Tuesday, more than what it had posted in the December quarter (Rs2,416 crore) but may not surpass that of PNB.

Creative ideas and garages go hand-in-hand in the tech world. So much so, that for tech giants such as Google and Microsoft and many more, the garage becomes an ideal location to pool in ideas to fuel innovative thoughts. ‘The Garage’, therefore, is a hallowed space in the tech world. At Microsoft, some of the interesting ideas that were developed into viable products in The Garage include Mouse Without Borders which allows you to control up to four computers from a single mouse and keyboard;

Volvo Cars, the Swedish luxury car-maker, has announced it will remove single-use plastics from all its offices, canteens and events across the globe by the end of 2019. The decision, the company said, reflects its active support of the UN Environment Clean Seas campaign, and underlines its ambition to minimise its global environmental footprint.

China launched a relay satellite early on Monday designed to establish a communication link between earth and a planned lunar probe that will explore the dark side of the moon, the official Xinhua news agency said.

Citing the China National Space Administration, Xinhua said the satellite was launched at 5:28 a.m. (2128 GMT Sunday) on a Long March-4C rocket from the Xichang launch centre in the southwest of the country.

Tata Motors-owned Jaguar Land Rover took centre-stage as newly-wed Prince Harry and Meghan Markle, the Duke and Duchess of Sussex, headed to their wedding reception in Windsor.

A silver-blue classic 1960s Jaguar E-Type, remodelled into Jaguar Land Rover's (JLR) electric-powered Jaguar E-Type Concept Zero, was waiting for Harry last evening to drive his new wife to Frogmore House for an intimate wedding reception for 200 friends and family being hosted by his father Prince Charles.

State-run Punjab National Bank (PNB) saw wilful defaults by big borrowers growing further to Rs 15,199.57 crore in April this year over the previous month, soon after suffering a record loss of more than Rs 13,400 crore for January-March due to frauds and bad loans.

The bank which posted a record loss of more than Rs 13,400 crore for the last quarter of 2017-18 closed the fiscal with big wilful defaults of Rs 15,171.91 crore, according to the PNB data.

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