State Bank of India (SBI) has grown its market share in debit card spends over the last six months even as its nearest rivals have lost ground. The country’s biggest lender reported debit card transactions worth Rs 11,720.73 crore in April, notching up a share of over 31%, data from the Reserve Bank of India shows. In October, the share was a shade under 30%.

In contrast, large private sector lenders, HDFC Bank and ICICI Bank, saw their shares drop over the six-month period following the note ban in October.

The new-generation 2017 Hyundai Verna has been snapped testing camouflaged many times on Indian roads, revealing the exterior design as well as interior. The 2017 Hyundai Verna is speculated to be launched by the end of August, 2017 that will rival the likes of the Honda City, Maruti Suzuki Ciaz, etc. The new 2017 Hyundai Verna is expected to be priced slightly higher the current model

The upcoming sedan will be based on Hyundai's Fluidic Sculpture 2.0 architecture and is likely to share its design and styling with the Tuscon and the Elantra.

Shares of Lanco Infratech Ltd (Lanco) tanked 20 percent to a new record low of Rs. 1.88 on the BSE after the company’s confirmation on Saturday that the Reserve Bank of India (RBI) has directed the company’s lead lender, IDBI Bank, to initiate a corporate insolvency resolution process under the Insolvency and Bankruptcy Code 2016 (IBC).

Lanco is one of the 12 companies that the RBI has ordered banks to take to bankruptcy court in its efforts to cut India’s bad debts that have grown to Rs 9.63 lakh crore. According to the RBI, these 12 bad loan accounts make up 25%, i.e. Rs 2.5 lakh crore, of the Rs 9.63 lakh crore bad debts.

In a bid to curb benami transactions and bring in transparency, the Centre has asked all states and union territories to complete by August 14 the digitalisation of land records, mutation records, sale and purchase records since 1950 of immovable property including land.

This is necessary as the Centre through enacting of a law proposes to link Aadhaar numbers with the ownership of such properties. The Centre in its notification dated June 15 has said that the properties which are not linked to Aadhaar numbers will be considered for appropriate action under the Benami Transactions (Prohibition) Amendment Act 2016.

Larsen & Toubro (L&T) was up 1.4% to Rs 1,752 on the BSE in early morning trade after the company said its construction arm has won orders worth Rs 2,231 crore across various business segments.

The company’s building & factories business has bagged a turnkey order worth Rs 1,324 crore from Andhra Pradesh Township Infrastructure Development Corporation, for the construction of residential buildings in the West Godavari District of Andhra Pradesh.

From shrinking the in-flight magazine size to giving up allowances, employees of Air India are coming out with innovative suggestions to help their company to fight the debt burden. This comes as the government is considering privatising the state-owned air carrier.

A cabin crew member in charge of Air India said that he is willing to work for two months without pay, including flying allowance, layover allowance and special allowance when travelling abroad.

Reliance Industries (RIL) was up 1.9% at Rs 1,415, trading higher for the fourth straight trading sessions on the BSE.

Since Jun 14, in past four trading days, the stock has outperformed the market by gaining 8% as compared to 0.33% rise in the S&P BSE Sensex.

German luxury carmaker BMW is investing another Rs 130 crore in India to enhance operations, taking its total investment in the country to Rs 1,250 crore.

The company will launch new version of its locally manufactured 5 Series later this month and 6 Series Gran Turismo (GT) model next year to strengthen its product portfolio in India.

The capital markets regulator, the Securities and Exchange of India (Sebi), is in the process of appointing a forensic auditor to ascertain if brokers and their clients made any profit by gaining preferential access to the colocation (colo) facility of the National Stock Exchange (NSE).

Although Sebi and auditor Deloitte have established the trading systems at the NSE’s colo facility were prone to manipulation, so far, they have not been able find any proof of entities — a part of the ecosystem — making any monetary gain. Sebi’s latest move could be critical in determining the finality of the case, which the regulator has been probing since 2015.

Tech giant Microsoft has unveiled the Modern Keyboard that features a hidden fingerprint sensor located between the Alt and Ctrl keys to make the typing hassle-free. It has also unveiled a Modern Mouse at $50 with nearly invisible buttons and a metal scroll wheel, a report in Engadget said on Friday. The Modern Keyboard, priced at $130, is in line with Microsoft’s next generation of Windows 10 input devices that match the latest Surface models in design and finish.

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