Coal India Ltd (CIL) has put in abeyance implementation of its new coal pricing methodology “till further advice” after customers pointed out that the new regime should be introduced only after the state-owned coal behemoth has the requisite supporting infrastructure. The company’s board, on January 8, had approved the new system, where coal was supposed to be billed on the basis of gross calorific value (GCV) from April 1. Currently, the fuel is charged on a per-tonne basis, depending on their grades.

Facebook Inc plans to revise the written policies that people agree to when they use the social network, it said on Wednesday, adding language about the protection of personal data as it prepares to comply with a strict new European law. The world’s largest social media company has been hammered by investors and faces anger from users, advertisers and lawmakers after a series of scandals about fake news stories, election-meddling and privacy.

Taking its expansion plan in the fast lane after infusion of Rs 29 billion from SoftBank, Paytm Mall, the e-commerce company of Vijay Shekhar Sharma-led One97 Communications, is eyeing $9 billion in gross merchandise value (GMV) by the end of this year.

The company plans to double the number of products on the platform and increase the number of sellers. “The idea is to double down on the plan that we had in terms of the online to offline strategy.

ICICI Bank and its management run the risk of a class action suit in the United States of America (USA) if charges of wrongdoing in giving loans are established, according to US broking entity Jefferies.

Indian investigative agencies are probing alleged links between the bank's chief executive officer, Chanda Kochhar, and the Videocon group.

Car market leader Maruti Suzuki India is creating a dedicated business model in a bid to tap into the institutional customers better, said people aware of company's plans. As part of the plan, the local arm of the Japanese car maker plans to set up a separate sales channel and provide a complete end-to-end solution ranging from sales and service to insurance and finance, said one of the persons.

Tech giant Microsoft today said it will invest USD 5 billion over the next four years on Internet of Things (IoT) globally.

Microsoft, in a statement, said this increased investment will support continued research and innovation in IoT.

National Highways Authority of India has established its Rs 250 billion Medium Term Note (MTN) programme on India INX’s Global Securities Market. India INX is a wholly-owned subsidiary of BSE Ltd and its Global Securities Market platform offers fundraising framework from global investors on a par with other international venues. Since its launch in January 2018, Indian issuers have established programs of $21 billion on this new platform.

Hinduja group flagship Ashok Leyland has rolled out the 2,00,000th unit of light commercial vehicle "Dost" from its manufacturing facility, a top official said.

The 2,00,000th unit was the company's highly popular "Dost" range of model, which was rolled out from the assembly line at its manufacturing unit in Hosur about 300kms from here.

Car market leader Maruti Suzuki India is creating a dedicated business model in a bid to tap into the institutional customers better, said people aware of company's plans. As part of the plan, the local arm of the Japanese car maker plans to set up a separate sales channel and provide a complete end-to-end solution ranging from sales and service to insurance and finance, said one of the persons.

German luxury carmaker Mercedes-Benz today launched Grand Edition of its flagship SUV GLS in India with both petrol and diesel powertrains priced at Rs 8.69 million.

The GLS 350 d comes with a 3-litre V6 diesel engine producing 258 horsepower while GLS 400 features a V6 petrol engine that delivers 333 horsepower.

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