JLR retail volumes increased by 10% y-o-y in November 2017, the first month of near double-digit growth after five months of disappointment. Land Rover volumes grew by 17% y-o-y led by new Discovery and RR Velar. JLR needs to report 8% y-o-y growth during the December 2017-March 2018 period to meet our FY2018 estimates. We feel confident of JLR achieving this as new Velar, launch of E-Pace and Discovery will boost volumes. Maintain BUY. JLR retail volume rose by 10% y-o-y to 52,332 units in November 2017.

Indian state-run Punjab National Bank has launched a share sale to qualified institutions to raise at least 30 billion rupees ($466.2 million) with an upsize option for another 20 billion rupees, according a source and a deal term sheet.

Punjab National Bank, the second-biggest state-run lender in the country, is looking to sell the shares at an indicative price of 168 rupees each, according to the source and the term sheet.

London: Vijay Mallya on Monday arrived in court in London as the extradition trial to prove a prima facie case of fraud against the fugitive liquor baron resumes to determine if he can be extradited to India to face charges over his erstwhile Kingfisher Airlines.

New Delhi: Rahul Gandhi has been elected unopposed as Congress president, party’s central election authority head Mullappally Ramachandran announced on Monday.

Rahul Gandhi will collect the certificate formally declaring his ascension to the post on December 16, he told reporters here. The 47-year-old scion of the Nehru-Gandhi family was the lone candidate in the fray. He is the sixth member of the Nehru-Gandhi family to take over the top post.

The stocks of Maruti Suzuki India had hit an all-time high on Monday. The company added another 1.4 per cent gains to hit a fresh record high of Rs 9,167.70 after the global brokerage house raised target price.

Morgan Stanley has retained its overweight call and raised target price to Rs 10,563 (from Rs 9,102 per share). The decision implied a 16.8 per cent potential upside from Friday's closing price.

Russia, China and India on Monday condemned terrorism in all forms and reaffirmed their determination to prevent and counter it.

The three countries also said those committing, organising, inciting or supporting terrorist acts must be held accountable and brought to justice.

Automaker Ford India on Monday said it will increase prices of its models by up to 4 per cent from January to partially offset the impact of rising input costs.

"The price increase is necessary due to several external factors, such as frequent fluctuations in commodity prices and rising input and freight costs," Ford India Executive Director - Marketing, Sales and Service, Vinay Raina said in a statement.

Prime Minister Narendra Modi’s allegations that Pakistan was trying to influence the outcome of the assembly elections in Gujarat was “utterly baseless and irresponsible”, the neighbouring country has said.

“India should stop dragging Pakistan into its electoral debate and win victories on own strength rather than fabricated conspiracies, which are utterly baseless and irresponsible,” spokesperson of Pakistan’s ministry of foreign affairs Mohammad Faisal tweeted on Sunday.

New Delhi: Taking the fight to the arena used by fraudsters promising prize money from the Reserve Bank of India (RBI), the central bank has itself launched an SMS campaign and a 'missed-call' helpline to warn people against such scams.

Typically, such fraudsters make calls or send SMSes and emails to gullible people promising lotteries and prize money from the Reserve Bank -- at times from the RBI Governor himself -- to trap them into sharing their banking account details or paying some 'fees or charges' to get the money.

After slashing the Goods and Sales Tax (GST) rates of over 200 items last month, the government on Saturday hinted at reviewing levies on the items in the top 28 percent tax bracket.

On 10 November, the GST Council, headed by Finance Minister Arun Jaitley, had lowered GST rates on over 200 items, ranging from chewing gum to chocolates, to beauty products, wigs and wrist watches.

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