The BSE benchmark Sensex slipped below the key 35,000-mark in early trade today following losses in banking, power, realty and capital goods stocks.

Investors are cautious ahead of RBI’s policy decision due tomorrow, brokers said.

After the first attempt at selling state-owned Air India to private entities failed as the expressions of interest (EoIs) called for by the government received zero bids, aviation research and consultancy firm Capa (India) says the government should divest 100% equity in the airline and not retain a 24% share in the ailing airline.

Tata Motors on Monday became the second company after Mahindra and Mahindra (M&M) to create an electric vehicle vertical which would tap into the full potential of this emerging technology. The company also appointed Shailesh Chandra the head of this vertical. Earlier, the electric vehicle initiative of Tata Motors was being run through a project office.

The rupee was trading lower by 5 paise at 67.16 against the US dollar in early trade today amid caution ahead of RBI’s policy decision tomorrow. Forex dealers said increased demand for the US currency from importers as also the greenback’s gains against rivals overseas put pressure on the rupee.

The analyst meet made us appreciate prospects (1) of CIL outperforming in the key powergen market over the medium term and (2) outsourcing of select engines for India demand boosting bottom-line. Mandates for new export products from parent to CIL are a function of relative scale of Indian demand for such products.

Paving the way for the approval of Idea Cellular and Vodafone India merger, the department of telecommunications (DoT) has cleared the former's proposal to increase foreign direct investment (FDI) limit to 100 per cent in the merged entity.

Idea currently has FDI limit of 67.5 per cent.

Markets regulator Sebi has drastically slashed the 'additional expense' charged by mutual funds to just 5 basis points to help increase the penetration of such products among investors.

The move will help reduce the cost of investing in MFs and industry players believe that it may result in lower commissions for distributors.

Continuing with efforts to clean up its balance sheet, the country’s largest lender, State Bank of India, has put on sale non-performing assets (NPAs) worth over Rs 13 billion. Banks intend to sale these bad loans, covering sectors such as steel and textile on a 100 per cent basis.

There are 12 corporate accounts from branches in Chandigarh, Kolkata and Hyderabad.

Maruti Suzuki‘s big milestone: India’s largest automaker by market capitalisation Maruti Suzuki has achieved yet another feat with manufacturing 2 crore cars in less than 35 years. The stock of Maruti Suzuki is the costliest scrips among all the listed companies (excluding auto ancillary companies) on Indian bourses — NSE and BSE.

Tata Motors has created an electric vehicles vertical and appointed current head of business strategy, Shailesh Chandra, as its president with immediate effect, the automobile firm said in a statement on Monday.

Chandra has played an “instrumental role in leading the project teams” to deliver the electric variant of the compact sedan Tigor to EESL (Energy Efficiency Services Ltd)—the state-owned firm that will procure and lease electric vehicles to the central and state governments.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.