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Leopard enters Suzuki’s Manesar plant, production hit

Leopard enters Suzuki’s Manesar plant, production hit

A young leopard entered into the Suzuki Powertrain plant near here in Haryana early on Thursday. Fearing an attack by the big cat the management halted production.

The animal entered the premises of Suzuki Powertrain India Limited in sector 8 (Phase 1) of Tau Devilal Industrial Model Township (IMT) in Manesar on the Delhi-Jaipur-Mumbai national highway.

Wipro buys US-design consultancy Cooper for $8.5 million

Wipro buys US-design consultancy Cooper for $8.5 million

WiproBSE 0.12 % said its digital unit had acquired San Francisco-based design consultancy Cooper for $8.5 million to grow its digital innovation capabilities.

Cooper is credited with inventing many tools and approaches used in design, including the Goal-Directed Design method and personas as a practical interaction design tool, Wipro said. It employs 35 people in offices in San Francisco and New York and provides consulting and training services to top brands including Fortune 500 companies, leading non-profits and government agencies.

Bank employees may go on strike over non payment of working extra hours during demonetization

Bank employees may go on strike over non payment of working extra hours during demonetization

Bank unions on Wednesday threatened to go on a strike over non payment of their dues while they worked overtime during the demonetization drive that happened in November last year.

Depending on the salary, a bank employee is likely to receive around Rs 100 to Rs 300 for every extra hour. CH Venkatachalam, General Secretary of All India Banks' Employees Association (AIBEA) told Hindustan Times that the issue has been brought to the notice of the government and if no action is taken they are likely to go on a strike or even take legal action.

Markets: Sensex, Nifty back in red; NTPC, Wipro, Tata Motors among top losers

Markets: Sensex, Nifty back in red; NTPC, Wipro, Tata Motors among top losers

Key indices on Thursday were back in red after opening on a positive note. At 10:48 AM, Sensex was down 0.04% to reach at 31,659.28, Nifty on other hand also was down by 0.04% to trade at 9,910.80 mark.

Mahindra and Mahindra, HUL and Reliance were the top gainers, while NTPC, Wipro, Bharti Infratel and Tata Motors lost the most in early trade. Domestic institutional investors (DIIs) bought shares net Rs 584.88 crore while foreign portfolio investors (FPIs) dumped equities of Rs 632.14 crore yesterday, showed provisional data.

Lenders reluctant to convert RCom shares at a premium

Lenders reluctant to convert RCom shares at a premium

Lenders saddled with Rs 45,000 crore of Reliance Communications’ debt are not keen to convert it at the higher price announced by the company earlier to its shareholders because the current market price is far below the conversion price. Taking this price into account, the lenders are supposed to convert their debt in lieu of a 51 per cent stake in the company at a total equity valuation of Rs 6,150 crore as compared with the current market value of Rs 4,306 crore.

M&M bags EESL contract to supply 150 e-sedans; matches TaMo's Tigor price

M&M bags EESL contract to supply 150 e-sedans; matches TaMo's Tigor price

Mahindra & Mahindra (M&M), which had quoted a price 18% higher to Tata Motors in the country’s biggest tender for 10,000 electric cars, has agreed to stretch itself and match the price offered by its rival. Accordingly, the company will now be able to supply 150 eVerito sedans in the first phase of the tender while Tata Motors will supply the remaining 350 electric Tigors. It is not immediately clear at this point how the second phase order of 9,500 units will be split between the two companies.

Sebi suspends Barbeque Nation's Rs 700 cr-IPO due to past violations

Sebi suspends Barbeque Nation's Rs 700 cr-IPO due to past violations

Sebi has kept processing of Barbeque Nation Hospitality's proposed IPO in abeyance "pending regulatory action for past violations", the latest update with the markets regulator showed.

However, the Securities and Exchange Board of India (Sebi) did not clarify on whether violations have been committed by the company or related entities.

Tata Motors races to second spot in compact sedan segment with Tata Tigor

Tata Motors races to second spot in compact sedan segment with Tata Tigor

After the Tiago hatch, the Tigor compact sedan seems to have clicked for Tata Motors as well, helping the company improve its market share in the segment.

Tata Motors has emerged as the second key player in the compact sedan segment, up from the fourth spot a year ago.

BHEL pays 79% dividend for 2016-17, highest in 3 years

BHEL pays 79% dividend for 2016-17, highest in 3 years

State-owned power equipment maker Bharat Heavy Electricals Ltd (BHEL) has paid a final equity dividend of 39 per cent for 2016-17.

With this, the total dividend paid during the year stands at 79 per cent, including an interim one of 40 per cent paid earlier, BHEL said in a statement on Wednesday.

Infosys bags contract from KONE, to set up Helsinki design centre

Infosys bags contract from KONE, to set up Helsinki design centre

India's second-largest software services firm Infosys on Wednesday said it has bagged a contract from KONE, a leading player in the global elevator and escalator industry.

No financial details of the deal were disclosed.

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