Mutual fund managers since April last year have sold around 3.6 million shares, worth nearly Rs 30 billion, of India’s largest car manufacturer Maruti Suzuki. They plan to continue to prune its holdings as valuations appear stretched after the last year’s stellar rally.

In 2017, shares of Maruti Suzuki jumped 83 per cent, even as the benchmark Sensex gained 28 per cent.

The volumes of medium and heavy commercial vehicles (M&HCVs), which bring the bulk of revenue to companies like Tata Motors and Ashok Leyland, stood at a multiple year high in 2017.

A Tata Motors spokesperson said the domestic CV industry witnessed challenge in the initial months of FY18 due to demonetisation (implemented in November 2016).

The Securities and Exchange Board of India (Sebi) is looking at whether Tata Sons’ plan of becoming a private limited company from a public one would impact shareholders, especially minority shareholders of listed Tata entities that own shares in Tata Sons.

If the company were to become a private one there would be restrictions on these listed firms to sell or transfer their stake to any entity.

ITC Limited is an Indian company, headquartered in Kolkata, West Bengal, which deals in consumer goods, hotels, paperboards and packaging, agri business and information technology. The company was established in 1910 as the Imperial Tobacco Company of India Limited. Later in 1970, it was renamed as the Indian Tobacco Company Limited and further to I.T.C. Limited in 1974.

Microsoft researchers have created a technology that uses Artificial Intelligence (AI) to read a document and answer questions about it about as well as a human. “It’s a major milestone in the push to have search engines such as Bing and intelligent assistants such as Cortana interact with people and provide information in more natural ways, much like people communicate with each other,” Allison Linn, senior writer at Microsoft, wrote in a blog post on Tuesday. The team at Microsoft Research Asia reached the human parity milestone using the “Stanford Question Answering Dataset”, known among researchers as “SQuAD”.

RIL Chairman Mukesh Ambani on Tuesday announced Rs 50 billion investment in expanding telecom and petro-retail businesses in West Bengal and said his company is exploring the possibility of setting up a manufacturing facility for mobile phones and set-top boxes.

Speaking at the Bengal Global Business Summit, India's richest man paid lavish compliments to Chief Minister Mamata Banerjee saying that under her leadership "West Bengal is becoming Best Bengal!"

Indian IT services stocks are set for a turnaround in 2018 as recovery in spending is "imminent", says a Morgan Stanley report.

The IT sector underperformed the Sensex in 2017 as revenue growth was tepid, while investment in the business and a strong rupee kept margins in check.

Ashok Leyland is India's second largest manufacturer of commercial vehicles and is owned by the Hinduja Group. Headquartered in Chennai, the company is the 4th largest manufacturer of buses and the 12th largest manufacturer of trucks in the world.

Founded in 1948, Ashok Leyland also specialises in spare parts and engines for industrial and marine uses. In the Financial Year 2016, the company sold nearly 1,40,000 vehicles and boasts of a with a market share of 32.1 per cent.

Mumbai: Tata Consultany Services (TCS) on Monday said it had bagged a five-year deal from Marks & Spencer to help the British retail giant to become a "digital first" business.

The development comes just two days after the country's largest IT services firm won its largest contract - a $2-billion deal from US insurance group Transamerica.

Mumbai: Shares of HDFC on Monday soared above 6 per cent with its market capitalisation zooming over Rs 17,300 crore as investors cheered the company's fund raising plans.

On the BSE, the shares of the country's largest housing finance company hit a record high during intra-day trades.

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