Mobile Aadhaar can be used as an identity proof to enter airports, while identification documents will not be required for minors accompanied by parents, according to a circular issued by aviation security agency BCAS.

Passengers entering airport premises need to produce any one of the ten identity proofs listed by the Bureau of Civil Aviation Security (BCAS) in its latest communication, which include passport, voter ID card, Aadhaar or m-Aadhaar, PAN card and driving licence.

Shares of YES Bank slumped 7.4 per cent after investors took fright at revised bad loan figures which were four times higher than those previously reported by the Mumbai-based lender.

Earlier this week, the Reserve Bank of India (RBI) had fined YES Bank, controlled by billionaire Rana Kapoor, for under-reporting its bad loans in audited results for the year to March 31. The bank also underestimated its soured loans in the preceding two fiscal years, according to previous filings.

BENGALURU: Google CEO Sundar Pichai on Friday said that the company will launch more regional products in Asia and was committed to making big investments in the region. He cited the success of Google's recently launched mobile wallet Tez in India. Pichai was speaking to investors and analysts at the quarterly earnings call. This is the first time India is figuring in a big way at the search giant's earnings call.

"To help millions of people, we are building products specifically designed for local markets in Asia. In India last month, we launched Tez, a mobile payments and commerce app that already has more than 7.5 million users who have made more than 30 million transactions. I'm really excited about the potential this brings for India's mostly cash-based economy," said Pichai, the India-born and educated CEO.

Mumbai: TVS Motor Co. on Friday said it has got into an exclusive distribution partnership for its two-wheelers with Motoplex S.A.S. of Grupo Bonanza, an automobile business house in the Dominican Republic. Hosur-based TVS is looking to strengthen its presence in the Caribbean region, it said in a statement.

As per the partnership, Motoplex will build and operate 40 TVS dealerships to sell the latter’s two-wheelers in the Dominican Republic. The first dealership under the alliance was inaugurated in capital Santo Domingo on Friday. The company currently sells its WEGO scooter, the TVS Sport bike and a dozen high-performance bikes under the Apache RTR series, in the Dominican Republic.

New Delhi: Fuel retailers Indian Oil Corp. Ltd., Hindustan Petroleum Corp. Ltd. and Bharat Petroleum Corp. Ltd. are expanding their network of liquified petroleum gas (LPG) dealerships by appointing more than 6000 new distributors, the oil ministry said on Friday.

This will mainly be in rural areas and in addition to the locations for which selection has already been made and the process of commissioning distributorship is underway, the ministry said in a statement.

Maruti Suzuki on Friday reported a 3.4% year-on-year increase in net profit to Rs 2,484.3 crore for the three months to September, beating Bloomberg consensus estimates. The bottom line was affected by a higher-than-expected tax outgo, up 26.51% on an annualised basis, and lower other income. Net revenues at the country’s biggest carmaker rose 21.8% year-on-year to Rs 21,768.2 crore, driven by a near-19% year-on-year jump in volumes and higher realisations of Rs 4.42 lakh per unit, up 3% year-on-year. However, analysts had expected a better show given an early festive season.

India has “very strongly” raised the issue of H-1B and L1 visas with the US, Union Minister Suresh Prabhu said today, asserting that the American economy will find it difficult to cope with the reality as it has been immensely benefited by Indian IT professionals. The US has tightened the norms for issuing the most sought-after H-1B and L1 visas in line with the Trump administration’s goal to protect American workers from discrimination and replacement by foreign labour. In a new directive, the Trump administration this week made it more difficult for the renewal of H-1B and L1, popular among Indian IT professionals, saying that the burden of proof lies on the applicant even when an extension is sought.

NEW DELHI: Ashok Leyland is looking at investing Rs 400-500 crore in its electric vehicle business over the next three to five years. Managing director Vinod Dasari told ETthat the commercial vehicle manufacturer, the flagship firm of the Hinduja Group, aims to be future ready. At the same time, he said, the government needs to step up investments in electric vehicle technology to help bring down battery costs and encourage adoption of green mobility solutions.

“We are preparing ourselves for the electric vehicle movement that is going to happen over the next five to 10 years… it’s a question of survival… so (we will invest) at least Rs 400-500 crore over the next three to five years,” Dasari said. He said manufacturers cannot coerce consumers to purchase electric vehicles, and that demand for electric vehicles will take off only when electric vehicles start making economic sense for the buyer.

Automaker Maruti Suzuki reported 3.4 per cent rise in net profit at Rs 2,484 crore for the quarter ending September as against Rs 2,401 crore in the same period a year ago.

Net sales rose 7 per cent to Rs 21,438 crore as against Rs 20,048.6 crore a year ago, Maruti Suzuki India (MSI) said in a statement.

State-owned Indian Oil Corporation (IOC) on Friday reported its September quarter net profit at Rs 3,696 crore with 18 per cent rise on the back of higher fuel sales. The company said in the BSE filing that September quarter revenue from operations increased 10 per cent and was at Rs 1.11 lakh crore versus Rs 1 lakh crore last year.

The average gross refining margin was at $6.08 per barrel for the April-Sept period.

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