Tata Motors Ltd posted a 42% rise in quarterly profit on Wednesday.

Profit was Rs 3,182 crore in the first quarter ended June 30, compared with Rs 2,236 crore a year earlier, the company said.

The automaker, owned by the software-to-salt conglomerate Tata Group, said its total income fell about 10% to Rs 59,972 crore versus Rs 66,339 crore a year ago.

The countdown to a military conflict between India and China has begun and New Delhi should come to senses and withdraw troops from Doklam before it’s too late, a Chinese daily said on Wednesday. An editorial in the state-run China Daily told India that the “clock is ticking away”. The piece was latest addition to the hostile commentaries in the Chinese media. The newspaper said “India will only have itself to blame” if it didn’t withdraw troops from Doklam where its troops are locked in a stand-off with the Chinese Army since mid-June.

Vikas Barala, son of Haryana BJP chief on Wednesday appeared before police in Chandigarh after being summoned in the stalking case.

Varnika Kundu, a daughter of a bureaucrat, had called up the police on Friday night complaining that two youth were chasing her along a stretch of over five km here.

Looking to bring in more liquidity in derivatives, the National Stock Exchange (NSE) has significantly lowered transaction charges in currency futures.

The decision is expected to help in reducing trading and hedging costs for various entities, including small and medium enterprises.

Congress candidate Ahmed Patel today beat the BJP nominee in a bitterly fought Rajya Sabha election in Gujarat after late night dramatic developments saw the Election Commission reject the votes of two dissident MLAs of the main opposition party for violating electoral rules.

Patel, political secretary to Congress president Sonia Gandhi beat Balwantsinh Rajput, till recently the party's chief whip in the state Assembly before defecting to BJP, polling 44 votes, in the first RS polls in Gujarat in two decades which saw a contest instead of official candidates of major parties getting elected unopposed. Rajput secured 38 votes.

NEW DELHI: Sebi and exchanges have given a conditional go-ahead to the USD 23 billion merger deal between Idea Cellular and Vodafone India, which would be subject to the outcome of an ongoing probe by the regulator and approvals from public shareholders and NCLT.

The multi-layered deal was announced in March and recently got clearance from the fair trade regulator CCI.

Mumbai: Bajaj Auto Ltd and Triumph Motorcycle UK have got into a global partnership, the companies said in a joint statement on Tuesday.

The objective of this “non-equity partnership is to deliver a range of outstanding mid-capacity motorcycles benefiting from the collective strengths of both companies,” it said. With the partnership, the companies hope to draw from the individual strengths, including brand position, perception, design, development technology, quality, cost competitiveness and worldwide distribution, it added.

New Delhi: Tata Motors on Tuesday reported a 12% increase in global sales in July at 98,534 units, including those of Jaguar Land Rover (JLR) vehicles.

The company had sold 88,159 units in July 2016, Tata Motors said in a statement.

Mumbai: The Indian rupee on Tuesday strengthened against the US dollar, tracking gains in the Asian currencies market.

At 2pm, the rupee was trading at 63.75 a dollar, up 0.10% from its Monday’s close of 63.81. The rupee opened at 63.76 a dollar and touched a high and a low of 63.72 and 63.80 respectively.

Mumbai: Reliance Industries Ltd plans to refinance a significant portion of about $12 billion of borrowings that mature over the next three years and may sell bonds to repay the debt, according to company executives with knowledge of the matter.

India’s largest company by market value will repay some of the debt coming due, mostly bonds and interest, the officials said, asking not to be identified discussing confidential matters. Reliance’s repayments from 2018 through 2020 will be its biggest for any previous three-year period and include about $8.14 billion of term loans, $3.52 billion of bonds and a $300 million revolver loan, according to data compiled by Bloomberg. It also has about $1.65 billion of interest payments, the data show.

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