The country's state-owned refiners are exporting low-sulphur diesel in a seldom seen flow of products as crude processing capacity returns amid a drop in demand due to a new sales tax and as regional flooding cuts fuel use, industry sources told Reuters.

The exports are expected to continue until year-end, likely weighing on low-sulphur cash differentials, the sources said, which have already dropped by half from a post-hurricane spike above $2 on US import demand.

Nearly three years on from Microsoft unveiling its HoloLens augmented reality headsets, the company today announced a major expansion of its availability: 29 more markets in Europe, nearly tripling the total number of countries where you can buy the device up to 39.

The news shows that while we don’t have a firm number of how many units have been sold, we do know that Microsoft is banking on the device, a non-immersive experience that lets you interact with visual digital images while still being able to see a room as you would normally, as a core piece of its future hardware and software efforts in a bid to compete against the likes of Apple and Google.

New Delhi: TVS Motor Co. Ltd on Wednesday posted 20.2% rise in net profit at Rs213.16 crore for the second quarter ended 30 September, aided by robust sales across domestic as well as export markets.

The company had reported a net profit of Rs177.39 crore during the same period of previous fiscal. Its revenue rose to Rs4,097.99 crore during the second quarter, as against Rs3,465.69 crore during the same period of previous fiscal, TVS Motor said in a regulatory filing.

L&T Finance Holdings (LTFH) reported a strong PAT of Rs 3.6 billion, up 45.2 % y-o-y, primarily on a lower tax outgo. Loan book growth was healthy at 19% y-o-y. Headline asset quality was largely stable with GNPAs at 5.8% and NNPAs flat q-o-q at 3.3 % along with comfortable PCR of 43%. LTFH’s RoE has been steadily increasing from 9.8% in Q1FY17 to 15.2% in Q2FY18 led by growth in focused business, run-down of non-core book with minimal hit to the P&L, improvement in fees and control on expenses.

The country’s largest lender State Bank of India (SBI) slashed benchmark lending rate by 0.05 per cent across maturities. The reduction in marginal cost of funds based lending rate (MCLR) came after a gap of almost 10 months. The bank had last cut the rate on January 1. The move by the SBI will trigger rate cut by other lenders. With the reduction, the MCLR for one year has come down to 7.95 per cent from 8 per cent, SBI website said.

The country's largest car maker Maruti Suzuki on Wednesday reported 9.3% increase in wholesale at 135128 units for October.

The company had sold 123684 vehicles in the domestic market in the year-ago period.

Three top government functionaries are upset with tech giant Infosys over the glitches in the Goods and Services Tax (GST) bill, reported the Economic Times.

According to the newspaper, the government officials had expressed their disappointment over Infosys' work that according to them led to various extension of deadlines for filing returns.

Key indices kicked off Wednesday's early trade with record highs after India's performance on World Bank's 'ease of doing business' list. The country has risen from 130th to 100th this year, helped by a slew of reforms in taxation, licensing, investor protection and bankruptcy resolution.

The 30-share BSE Sensex was up 209.28 points or 0.63 percent at 33,422.41 and the 50-share NSE Nifty rose 61.20 points or 0.59 percent to 10,396.50.

ICICI Bank surged 6% to Rs 317, hitting 33-month high on the BSE in intra-day trade, set to join the elite league of corporate entities with a market value of over Rs 2 lakh crore on closing levels. The stock of private sector lender is trading at its highest level since March 3, 2015.

ICICI Bank with the market capitalisation (market-cap) of Rs 201,178 crore is at number 13th position in overall market-cap ranking, the BSE data shows. At 10:47 AM; the stock was trading 5% higher at Rs 314, as compared to 1% rise in the S&P BSE Sensex.

TOKYO: More than 200 people are feared to have died when a tunnel caved in at North Korea's nuclear test site after its latest detonation, a Japanese news report said on Tuesday.

A tunnel collapsed at Punggye-ri in early September, days after North Korea conducted its sixth and largest underground nuclear test on September 3, TV Asahi said, quoting unnamed North Korean sources.

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