2018 Hyundai Elite i20 was launched during the 2018 Auto Expo just this month, and as announced by the South Korean brand during the launch of the facelift, the i20 will now soon be available with an automatic gearbox. It comes both in petrol and diesel variants, but while the 1.2-litre petrol came with a five-speed manual and the diesel with a six-speed manual, a CVT version of the Elite i20 will be launched in May 2018.

The combined market value of all listed state-owned banks has plunged below that of just one private lender – HDFC Bank – after a massive sell-off in shares of public sector banks in the wake of the biggest banking fraud in India. The combined market capitalisation of the 21 listed public sector banks on Thursday stood at Rs 4.34 lakh crore, Rs 46,726 crore less than the valuation of HDFC Bank at Rs 4.81 lakh crore. Interestingly, these 21 banks account for about 70% of the total advances of all listed banks, according to Capitaline data. HDFC Bank’s share of advances of this set is about 7.5%.

Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 1,266 crore across business segments.

L&T said its buildings and factories business has bagged orders worth Rs 928 crore.

Punjab National Bank took to Twitter to refute reports of transferring 18,000 employees in wake of Rs 11,000 crore scam involving Nirav Modi.

In a clarification issued by the bank, PNB said that it had transferred a total of 1,415 employees since February 19.

The Trump administration has announced a new policy that makes very tough the procedure of issuing H-1B visas to those to be employed at one or more third-party worksites, a move that will hugely impact Indian IT companies and their employees.

Under the new policy, the company would have to go an extra length to prove that its H-1B employee at a third-party worksite has specific and non-qualifying speculative assignments in speciality occupation.

Infosys shareholders have approved the appointment of Salil S Parekh as chief executive officer and managing director of the company, the company has said in a regulatory filing.

As per results of postal ballot and e-voting filed by the IT major, 97.96 per cent shareholders through the physical ballot and electronic mode voted in favour of the appointment of Parekh on February 20, 2018.

After a successful pilot, Coca-Cola has decided to expand its frozen fruit dessert offering in major metros. This is part of the company's strategy to build a portfolio beyond carbonated drinks.

Coca-Cola India president T Krishnakumar said that the company planned to take the offering to the top five metros by this summer. The company has been testing this product in Bengaluru. Similarly, the company is also planning to come out with a few value-added dairy-related products, which are more ready-to-drink beverages, by the second half of 2018.

German luxury carmaker BMW will roll out Bharat Stage (BS)-VI petrol cars in the country in April this year. It will become the first carmaker after Mercedes Benz to introduce low-emission vehicles. The company, which managed to grow volumes by 25 per cent in 2017, is confident of posting high growth in 2018.

“All our petrol car models will move to BS-VI emission norms in April. I do not need a policy for that but an incentive would have helped.

Indian refiner Essar Oil is looking to raise over $1 billion from trading houses after its new Russian owners could not raise loans from major Western banks due to sanctions on Russia.

Essar wants to borrow the money for 3-4 years and repay it with cargoes of refined products as it seeks to cut its reliance on lending from Indian banks, banking and trading sources familiar with the discussions said.

The Securities and Exchange Board of India (Sebi) is planning checks and balances on overseas investors taking the ‘private bank route’ to invest in domestic markets.

The move comes after several industry players expressed concerns that the new route allowed by the Sebi could be misused by investors, such as participatory notes (p-notes).

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