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Maruti Suzuki sales up 10 per cent in December

Maruti Suzuki sales up 10 per cent in December

Automobile major Maruti Suzuki India on Monday reported a 10.3 per cent rise in its monthly sales for December.

According to the company, its total sales including exports during the month under review rose to 130,066 units from 117,908 units sold during the corresponding month of 2016.

Censor Board suggests title change: 'Padmavati' to become 'Padmavat'

Censor Board suggests title change: 'Padmavati' to become 'Padmavat'

NEW DELHI: The Central Board of Film Certification (CBFC) has decided to give Sanjay Leela Bhansali's Padmavati a UA certificate and has suggested the director to change the film's title to Padmavat.

According to a release issued by the CBFC, the board had a meeting of their examining committee on December 28 and decided to give the film a UA certification along with some modifications and likely change of the film's title on the basis the attributed material/creative source.

Maruti Suzuki bids adieu to Swift's current generation, will launch latest model in 2018

Maruti Suzuki bids adieu to Swift's current generation, will launch latest model in 2018

Maruti Suzuki India has bid farewell to the current generation of its highly successful car, Maruti Swift.

The last production model of the second generation Swift rolled off the assembly line in Manesar on 23 December.

DLF appoints Saurabh Chawla as group CFO

DLF appoints Saurabh Chawla as group CFO

Real estate major DLF Ltd announced the appointment of Saurabh Chawla as the Key Managerial Personnel (KMP) and Group Chief Financial Officer (CFO).

The appointment follows the elevation of former Group CFO Ashok Kumar Tyagi as the whole-time director of the company.

2017: A year of controversies for Axis Bank

2017: A year of controversies for Axis Bank

Private lender Axis Bank has been in a tight spot for over a year now for more reasons than one, some of which, the bank considers, could have been easily prevented. The Securities and Exchange Board of India’s (Sebi’s) probe into the alleged loopholes in its operations to stop information leaks was the latest.

There were instances of security breaches in some of its branches while handling cash transactions in December 2016. More than 19 employees were suspended for flouting norms.

Market rise for fourth straight week, scales fresh highs

Market rise for fourth straight week, scales fresh highs

Mumbai, Dec 30 () Stocks: Market rose for the fourth successive week, as the benchmark Sensex scaled new milestone of 34K to register new closing highs 34,056.70 and gaining 116.53 points, while the broader Nifty ended at 10,530.70.

The truncated, last trading week of the calender year started positive and ended in a cheerful note, though the market did face sluggish momentum due to year-end holiday- mood and F&O derivative expiry day, still witnessing all time record highs on intra-day basis during the week.

No income tax exemption to cooperative banks: Arun Jaitley

No income tax exemption to cooperative banks: Arun Jaitley

NEW DELHI: Ruling out income tax exemption for cooperative banks, Finance Minister Arun Jaitley on Friday said they were no different from commercial banks and were, therefore, required to be treated at par with them.

"Most of these banks are providing standard banking facilities like opening of letters of credit, bill discounting and collection, lockers and safe deposit vaults, bank guarantees.

Gold, silver end 2017 on a high; post annual gains

Gold, silver end 2017 on a high; post annual gains

New Delhi, Dec 30 () Gold regained its sheen by surging Rs 175 to a one-month high of Rs 30,400 per 10 grams on the last trading day of 2017 at the bullion market today, driven by a firm trend overseas and increased buying by local jewellers.

Silver maintained its upward march and added another Rs 280 to reach Rs 39,980 per kg backed by increased offtake by industrial units and coin makers.

Infosys divests stake in ANSR

Infosys divests stake in ANSR

BENGALURU: Infosys has divested its stake in ANSR Consulting Holdings for $1 million. Bengaluru-based ANSR, led by Lalit Ahuja, helps global companies set up captive centres in the country. Among the companies it has brought in are L Brands, Lowe's, Target and Swiss Re.

Infosys invested $1.4 million for less than 5% stake in ANSR two years back, when the company was headed by Vishal Sikka. This was the company's first investment in an Indian firm after setting up a $500 million Innovation Fund.

Telecom tales: BSNL seeks more spectrum for launch of 4G services

Telecom tales: BSNL seeks more spectrum for launch of 4G services

Government-run telecom operator BSNL is planning to launch 4G services in all the 22 circles in the country, and has sent a detailed project report (DPR) to the Department of Telecom (DoT) regarding the same. The country’s fifth-largest telecom operator has consistently been improving its financial and operational metrics, and to continue the momentum, it plans to launch 4G services, sources said. It already has 20 MHz spectrum in 2,500-MHz band in 14 circles, besides 5 Mhz in 2100 Mhz band in 22 circles.

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