India's factory activity expanded at the fastest pace in five years in December, a private sector survey showed on Tuesday, buoyed by a rise in output and new orders, which allowed firms to raise prices.

Tuesday's data firms up views that business in Asia's third-largest economy continues to recover but also highlights risks that rising price pressures will keep the Reserve Bank of India (RBI) from slashing interest rates further.

In a surprising move at the start of the year, State Bank of India (SBI) reduced its base rate and benchmark prime lending rates (BPLR) for existing customers by 30 basis points each effective from January 1.

One basis point is a hundredth of a percentage point.

TVS Motor Company hit a new high of Rs 795, up 4% on the BSE in early morning trade, after the company registered 39% growth in sales at 256,909 units in the month of December 2017. It had sold 184,944 units in December 2016.

TVS Motor Company had registered a sales growth of 12% at 251,965 units in November 2017.

The Department of Telecom (DoT) will issue notices to five telecom operators, including Tata Teleservices, Telenor and Reliance Jio, to recover Rs 2,578 crore, in the wake of the CAG red-flagging understatement of revenues by the firms.

"The DoT will raise demand of Rs 2,578 crore from the five telecom operators as was mentioned by the CAG in its report this month. The demand will be raised after reconciling the accounts," an official source told PTI.

The Dravida Munnetra Kazhagam (DMK) has played down superstar Rajinikanth's announcement of joining politics and said the actor would not fare well in it as he was aligning with the Bharatiya Janata Party (BJP).

He has knowingly or unknowingly created a perception that he is aligned with the BJP or rather the BJP is aligning with him, DMK spokesperson A Saravanan told ANI, and added that the BJP too has sent out a similar message.

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.

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 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.

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.

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.

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