Skoda, the Czech car maker and part of the Volkswagen group, is anticipating a push in its performance from 2019 when new products developed jointly with Tata Motors roll out. These products are targeted at emerging markets, including India.

“These will be products with the Skoda brand character but developed with Asian/Indian mindset in terms of ways of development, choice of materials and productivity levels and other strategies.

Infosys, India’s second largest software services firm, is planning to hire 10000 Americans over the next couple of years. The Bengaluru-headquartered company said it would open four new Technology and Innovation Hubs across the United States focusing on cutting-edge technology areas such as artificial intelligence, machine learning, user experience, emerging digital technologies, cloud, and big data.

Auto major Mahindra & Mahindra on Tuesday reported a 6 per cent decline in total sales at 39,357 units in April.

The company had sold 41,863 units in the same month last year, the company said in a statement.

Mumbai: India’s market regulator wants to relinquish powers to regulate collective investment schemes (CIS) which involve illegitimate pooling of public money after failing to successfully close even a single case, although the very presence of a regulator to investigate such schemes has to some extent acted as a deterrent to their launch.

Four years ago, the Securities and Exchange Board of India (Sebi) was empowered to act against Ponzi schemes and other illegal money pooling and deposit-taking activity.

Sudan has denied India’s ONGC Videsh Ltd an extension of licence to operate an oilfield as it sought higher royalties and taxes to make up for revenue lost due to drop in oil prices. The licence for Block 2B expired last November and an automatic 5-year extension is available but Sudan, whose revenues have been hit with a drop in oil prices, wanted higher taxes and royalties before it agreed to the same, officials said.

The Supreme Court on Monday refused to restrain Britannia Industries from manufacturing and selling its digestive biscuit NutriChoice Zero, an injunction sought by rival ITC which sells its biscuits under the brand Sunfeast Farmlite Digestive All Good biscuit. A bench headed by Justice Ranjan Gogoi while issuing notice to Britannia said: “No injunction… we will examine it” on July 11, the next date of hearing.

Indian shares fell on Tuesday, led by Ambuja Cement after its weaker-than-expected quarterly results raised concerns about corporate results, although losses were capped as some automakers rallied after posting jumps in April sales. Analysts said they expect indexes to trade range-bound as companies continue to report results, though the overall outlook remains hopeful about an economic recovery.

NEW DELHI: The ICICI Group on Tuesday said it has made 100 villages digitally-enabled in 2017 while planning to transform another 500 by the year-end.

Finance Minister Arun Jaitley while inaugurating the 100 ICICI digital villages here said: "The ICICI initiative should be followed by other banks in rural areas."

KOLKATA: Coal India on Tuesday said its production during April declined by 4.8 per cent to 38.44 million tonnes (mt) as compared to 40.09 mt produced in the year-ago month.

The miner reported its off-take grew by 6.1 per cent in April to 45.29 mt as against 42.45 mt sold in corresponding month in 2016.

The Telecom Department today launched a portal that will allow people to track radiation emitted from mobile towers within a locality and check their compliance with the stipulated norms.

Launching the 'Tarang Sanchar' web portal, Telecom Minister Manoj Sinha hoped the site will help in clearing "myths and misconceptions" about mobile towers and emissions from them.

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