Bank of Baroda said on Thursday it had cut the base rate by 0.35 per cent to 9.15 per cent with effect from Sunday.

State Bank of India has also revised interest rates on some retail domestic term deposits below Rs 1 crore. Revised interest rate on one-year retail domestic term deposit is 6.50 per cent for public and 7 per cent for senior citizens.

Ashok Leyland Limited (ALL) hit a new high of Rs 121, up 3% on BSE, surpassing its previous high of Rs 120 touched in last of week, after the rating agency ICRA assigns credit rating for commercial paper issue with stable outlook.

“The ratings draw strength from ALL’s strong business risk profile marked by its sustained gain in market share in domestic Medium and Heavy Commercial Vehicle (M&HCV) segment in recent years and improvement in operational efficiencies following cost rationalization initiatives undertaken,” ICRA said in statement.

Infosys filed a complaint with the cyber crime police of Bengaluru against a person who allegedly sent defamatory mail to the firm's chief financial officer, M D Ranganath, and its head of investor relations-- Sandeep Mahindroo.

The company said in the complaint that a person identified as Alpesh Patel sent objectionable mails to the senior executives of the firm.

Shares of three companies – Bharat Heavy Electricals Limited (BHEL), Bharat Electronics (BEL) and Bharat Forge – will turn ex-bonus at their respective ratios on Thursday, September 28, 2017.

BEL has fixed Friday, the 29th September, 2017, while BHEL and Bharat Forge have fixed September 30, 2017 as the record date to determine the eligible shareholders to receive bonus shares.

BENGALURU: The Reserve Bank of India will hold policy steady at its October 4 meeting, and well past next year, amid weak economic growth and signs inflation may soon overshoot its target, a Reuters poll found.

Asia's third-largest economy started losing momentum after the government scrapped 86 per cent of currency in circulation late last year, hurting demand in India's cash-reliant economy, and the slowdown was compounded by the implementation of a new tax system.

Unlike Uber and China’s Didi, Lyft isn’t developing its own self-driving cars. But the U.S. company sure is signing up major names to help it bridge the gap.

This week it announced Ford as its latest autonomous car partner. Ford joins big names Jaguar, GM and Alphabet’s Waymo as well startups Nutonomy and Drive.ai as Lyft allies.

New Delhi: The National Highways Authority of India (NHAI) plans to tweak its newly introduced project for monetizing public-funded national highways, also known as Toll-operate-Transfer (ToT) roads, to give Indian bidders a level playing field.

At present in the ToT model, a raft of toll roads would be auctioned for 30 years; potential buyers would have to make an upfront payment of around $1 billion, making it a challenge for Indian firms to bid.

New Delhi: Bharti Airtel Ltd will invest up to Rs20,000 crore this year in digital infrastructure, the company’s chairman Sunil Bharti Mittal said on Wednesday.

Speaking at the India Mobile Congress, Mittal—who shared the dais with arch industry rival Mukesh Ambani (Reliance Industries chairman)—advocated a collaborative approach to overcome challenges and unleash the growth potential of the sector.

The next version of Microsoft Office — Office 2019 — will be released in the second half of 2018 and its previews will start shipping mid-year. The release will include perpetual versions of the Office apps including Word, Excel, PowerPoint and Outlook and servers including Exchange, SharePoint and Skype for Business, Microsoft said in statement late on Tuesday. Office 2019 will add new capabilities for customers, including improved inking features like pressure sensitivity, tilt effects and ink replay. “New formulas and charts will make data analysis for Excel more powerful.

The Securities and Exchange Board of India (Sebi) may allow mutual funds to trade in commodity derivatives, the capital markets regulator’s executive director SK Mohanty said on Tuesday. “The participation of mutual funds is in an advanced stage of examination,” Mohanty said, while interacting with reporters on the sidelines of a conference on commodities markets organised by Federation of Indian Chambers of Commerce and Industry (Ficci).“We have taken the feedback. On the basis of that, we will finalise the regulatory mechanism,” he said. The executive director said that a decision on allowing mutual funds could be taken in the next six months.

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