The Supreme Court on Monday adjourned the liquor baron Vijay Mallya's contempt case till July 14.

In the last hearing, the apex court had convicted him for contempt of court and summoned him to personally appear on July 10.

Tata Motors rallied 5% to Rs 458 on BSE in intra-day trade after its British luxury unit Jaguar Land Rover (JLR) reported 11% rise in sales at 51,591 units in June 2017 over June 2016.

“Retail sales for June were up year-on-year in China (65.3%), the UK (3.8%), Europe (3.7%) and North America (3.2%) whilst sales in overseas markets were down 8.5%,” JLR said in a press release.

India is considering selling state-owned Air India in parts to make it attractive to potential buyers, as it reviews options to divest the loss-making flagship carrier, several government officials familiar with the situation said.

Prime Minister Narendra Modi's cabinet gave the go-ahead last month for the government to try to sell the airline, after successive governments spent billions of dollars in recent years to keep the airline going.

Indian refiner Bharat Petroleum Corp Ltd plans to buy its first ever cargo of crude oil from the United States, a tender document showed on Monday.

BPCL is seeking at least 1 million barrels of crude either for loading on Aug. 16-Sept.5 or delivery on Sept. 26-Oct. 15, it said.

After a flat performance in calendar year 2016, the domestic luxury car market is back on the growth track. India’s largest luxury car maker Mercedes-Benz saw its volume surge close to nine per cent during the January-June period, when it sold a record 7,171 vehicles. BMW clocked a growth of 11.5 per cent in the same period to sell 4,589 vehicles.

Luxury car makers such as Mercedes, BMW and Audi had passed on the benefits of GST within days of the announcement of the rates in May even though they came into effect from July.

A new filing confirms that there were other suitors trying to buy Whole Foods, but that Amazon put pressure on Whole Foods not to talk to them.

The document cites a “Company X” that expressed interest in having exploratory conversations in mid-April, but did not make a formal offer. Reuters has identified that company as Albertsons groceries.

San Francisco: The shortage of housing in California’s Silicon Valley has gotten so severe that Facebook Inc. on Friday proposed taking homebuilding into its own hands for the first time with a plan to construct 1,500 units near its headquarters.

The growth of Facebook, Alphabet Inc.’s Google and other tech companies has strained neighbourhoods in the San Francisco Bay area that were not prepared for an influx of tens of thousands of workers during the past decade. Home prices and commute times have risen.

New Delhi: Tata Motors may soon phase out small car Nano. A report in Business Line says that Tata Motors may soon stop investing in Nano, which had made it presence in India’s domestic market as ‘people’s car’.

The report further added that the decision to phase out ‘world’s cheapest car’ has been taken by the management, as it has not been able to grow on its own. Of all the automobiles produced by the Tata group, Nano continues to be the worst performer in the segment, the report added.

Technology giant Microsoft, which has a global employee headcount of 1.21 lakh, is looking to release thousands of employees worldwide. This is likely to impact the company’s Indian operations to some extent, cutting across functions like sales, engineering and support services. It is estimated that Microsoft will lay off 3,000-4,000 employees globally, primarily outside United States. In India, Microsoft employs around 8,000 people, but there are no indications whether there will be any large-scale job losses in India.

Air India today said it plans to expand its base in the US by adding Los Angeles and Houston as new destinations, a day after launching the state-carrier’s first direct flight from Delhi to Washington DC. “We are looking at connecting two more cities -– Los Angeles and either Houston or Dallas,” Air India Chairman and MD Ashwani Lohani said at an event to celebrate the launch of the direct non-stop flight yesterday between the capitals of the two largest democracies of the world.

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