Mahindra & Mahindra (M&M) has indicated that among all its segment in the automobile sector, electric vehicle (EV) is going to be the most focused one going ahead. As part of its plan, the company will soon power some of its new and existing vehicles with the EV technologies sourced from its subsidiary Mahindra Electrics.

Pawan Goenka, managing director, M&M, said that the company will put efforts in turning around the products which are not doing well and will launch new products in all the segments it operates in. “However, EVs will get the most focus in comparison to all the other segments,” Goenka said.

The board of Indian Oil Corporation (IndianOil) has given its in-principle approval for acquiring up to 50 per cent equity in GSPL LNG terminal in Gujarat for an estimated Rs 750 crore.

GSPL LNG is a joint venture of Gujarat State Petroleum Corp and Adani Enterprises. Adani and GSPC are equal partners in GSPL LNG.

Nasa's Curiosity rover which found that that ancient Mars had the right chemistry to support living microbes is marking five years of exploring the Red Planet.

The rover, which landed in the Gale Crater — an ancient lake — is now examining clues on Mount Sharp, the mountain found in the middle of the crater, about long-ago lakes on Mars.

New Delhi, Aug. 4: Inventory losses pulled down HPCL's net profit 56 per cent to Rs 925 crore in the first quarter of the current financial year.

"We had an inventory loss of Rs 1,595 crore in the first quarter of the current fiscal compared with an inventory gain of Rs 1,935 crore in the corresponding period of the previous year," HPCL chairman and managing director M.K. Surana told reporters here.

New Delhi: Within days of State of Bank of India (SBI) slashing interest rate on savings bank account, another public sector unit (PSU) bank—Bank of Baroda—has followed suit, cutting it to 3.5% on deposits of up to Rs50 lakh.

“We wish to inform you that it has been decided to introduce a 2-tier savings bank interest rate (from) 5 August...,” the bank said in a regulatory filing.

Mumbai: Mahindra and Mahindra Ltd on Friday posted a bigger-than-estimated 20% decline in June quarter net profit as passenger car sales slowed ahead of the transition to the goods and services tax (GST) in July, countering a jump in tractor sales that indicate a revival in rural demand.

The maker of Shaktimaan tractors and Scorpio utility vehicles (UVs) said profit fell to Rs765 crore in the three months, compared with Rs961 crore a year earlier. Profit would have been higher by Rs96 crore but for the impact of GST, it said.

Banking, healthcare and FMCG stocks weighed heavy on markets on Friday as the Sensex faltered and the Nifty dropped below the key 10,000-mark in early session.

Asian shares were a mixed bag.

The 30-share Sensex fell 76.20 points — or 0.23 per cent — to 32,161.68. The gauge had lost 337 points in the previous two sessions.

Air India Chairman and Managing Director (CMD) has passed an order to recover unauthorised payments made to carrier’s employees. The order paves the way to recover money from the salary of carrier’s Chief Vigilance Officer (CVO), was has been charged of misusing her position and mistreating public fund. Ms. Shobha Ohatker, CVO of Air India, is facing charges of corruption against her. She has been accused of staying in hotels and flying to different destinations from the funds of Air India. Ohatker, an IPS officer from the batch of 1990, has been with Air India since 2015.

KOLKATA: Idea CellularBSE -0.70 % and Vodafone India plan to shortly kick off operational integration of their networks following the go-ahead by the competition regulator. But the exercise is likely to be fraught with challenges, possibly requiring tough and costly calls leading to consolidation of their ecosystem partners, experts said.

The Idea management, at an earnings call last week, said the company can “now plan the integration aspects” with approvals in place from the Competition Commission of India (CCI) for its merger with Vodafone India.

The Securities and Exchange Board of India (Sebi) has made it compulsory for listed companies to make a disclosure to the stock exchanges if they default on any interest or principal payment obligation to banks.

At present, under Sebi’s Listing Obligations and Disclosure Requirements, companies have to make specific disclosures if there is a delay or default in payment of interest or principal on only debt securities such as non-convertible debentures, listed non-convertible redeemable preference shares or foreign currency convertible bonds.

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