Commercial vehicle maker Ashok Leyland is looking at after-market business to boost its revenues and expects the segment to contribute over Rs 1,000 crore to its topline in the next three years.

In line with this vision, the company on Thursday announced launching digital initiatives which will help the vehicle owners to keep better control of their fleet.

M Venkaiah Naidu was on Friday sworn-in as India's 13th Vice-President during a ceremony at Rashtrapati Bhavan in Delhi.

Naidu was administered the oath by President Ram Nath Kovind.

The ceremony was attended by Prime Minister Narendra Modi, former Prime Minister Manmohan Singh and other leaders.

The Securities and Exchange Board of India's (Sebi's) action of freezing trading in the shares of 331 so-called shell companies has hit minority shareholders hard. It was an action taken on the basis of price-sensitive information received from the MCA. However, the action itself was taken in a way that doesn't give shareholders either pertinent information or a chance to make a rational decision to stay invested or exit.

Investigations into the financials of listed companies and into cases of alleged price manipulation are common enough. The normal procedure is to put the charges into the public domain.

State-run power equipment maker Bharat Heavy Electricals Limited (BHEL) has posted a 3.92 per cent jump in standalone net profit to Rs 80.82 crore for the quarter ended June 30, 2017.

The company had reported a standalone net profit of Rs 77.77 crore for the quarter ended June 30, 2016, BHEL said in a BSE filing on Thursday.

NEW DELHI: Telecom operator Reliance Communications (RCom), which is reeling under debt of about Rs 45,000 crore, plans to issue shares to lenders for the debt that it has raised from them, as per a regulatory filing of the company.

The board of RCom is scheduled to meet on August 12 which will consider convening annual general meeting of shareholders to enable the firm seek their nod for converting debt into equity shares.

Mumbai: The Indian rupee on Thursday weakened against the US dollar, after local equity markets fell for fourth consecutive sessions.

At 2pm, the rupee was trading at 63.95 a dollar, down 0.18% from its Wednesday’s close of 63.84. The rupee opened at 63.92 a dollar and touched a high and a low of 63.92 and 64.07 respectively.

The benchmark Sensex pared some of the early losses, but was still down 73.77 points at 31,724.07 in late morning deals, as selling pressure witnessed in key front—line stocks amid weak global cues.

Sentiments were subdued after escalating geo—political tensions between the US and North Korea, while capital outflows hovered around the bourses.

The Telecom Regulatory Authority of India (Trai) has responded to the Competition Commission of India’s (CCI) stand that it does not have the ‘wherewithal’ to deal with competitive issues including predatory pricing. The Authority has said it has the powers to ensure measures to facilitate ‘competition’ and promoting efficiency.

In a letter to the fair trade regulator, Trai has said the Authority has been dealing with issues such as predatory pricing, anti-competitive behaviour, etc, for more than a decade and is competent to handle the issue in future, keeping in view the ‘dynamic nature’ of the telecom industry.

Indian Oil Corp has received the government nod to buy one very large ship full of crude oil from the US every month this year as it looks at cheaper alternatives that have emerged due to global supply glut. The shipping ministry has allowed the country’s largest oil firm to import one parcel or cargo of crude oil from the US every month in foreign ships, said a senior oil ministry official.India allows import of crude oil only on Indian carriers. As per the policy, Indian shipping lines get the first right of refusal by virtue of they being allowed to match any lowest bidder for transportation of crude oil. Only when they waive their right can the oil firms use a foreign line.

Microsoft has announced it will not support digital certificates issued by Chinese outfits WoSign and StartCom as “they failed to maintain the standards required by company’s Trusted Root Programme”. “[Microsoft has] Observed unacceptable security practices including back-dating SHA-1 certificates, mis-issuances of certificates, accidental certificate revocation, duplicate certificate serial numbers and multiple CAB Forum Baseline Requirements (BR) violations,” the company said in a post on Wednesday.

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