The Swedish premium carmaker Volvo Cars is aiming to double its marketshare in premium segment by 2020 from the current close to 5 percent share.

While the Indian premium market is still relatively small, it is forecast to grow rapidly in coming years. In 2016, Volvo sold over 1,400 cars in India, an increase of 24 per cent compared to 2015. Year-on-year sales growth in the first four months of 2017 amounted to more than 35 per cent.

Maruti Suzuki India's hatchback Swift dethroned sibling Alto as the best selling car model in April this year in the domestic market.

The company also maintained its tight grip on the Indian passenger vehicles market with seven of its models in the top 10 best selling models with the remaining three spots taken by rival Hyundai Motor India Ltd (HMIL).

MUMBAI: The rupee strengthened by 15 paise to 64.49 per dollar in early trade on selling of the US dollar by banks and exporters. Stock markets opened on a firm note which supported the rupee in early trade, dealers said.

However, the US dollar's strength against major global currencies overseas capped the rupee's gain, they added. The rupee had closed with gains of 20 paise at 64.64 a dollar at the Interbank Foreign Exchange market on Friday.

Mumbai: Mahindra and Mahindra Ltd on Monday said it plans to invest directly or through its subsidiaries “in high-end electric powertrain technology as part of its plan for the future of mobility; and electrification of some of its existing and future products”.

The investments will also be utilised towards increasing the capacity for electric powertrains and electric vehicles, it said in a notification to the National Stock Exchange on Monday. The high-end electric powertrains will be used for the group’s future line-up of electric vehicles (EV).

Poised on the precipice, Mumbai Indians, powered by Mitchell Johnson’s stupendous bowling (three for 26) at the death, sneaked home to its third title in the Indian Premier League at the Rajiv Gandhi International Stadium on Sunday night.

Rising Pune Supergiant, shepherded by skipper Steve Smith’s masterly 51, requiring 11 off the last over, fell a run short in what could be its last hurrah, unless the championship is expanded to 10 teams in the next season.

L&T Technology Services Limited, a leading global pure-play engineering services company, announced it has been positioned in the “Winners Circle” by HfS Research, The Services Research Company™ in its maiden Industry 4.0 Services Blueprint Assessment. HfS Research is a leading independent global analyst firm for the business and technology services industry. L&T Technology Services was rated as having strong global capabilities in domains such as Manufacturing Data Analytics, Robots, Manufacturing Automation, Digital Clone Simulation, 3D Printing, Manufacturing IoT, Cybersecurity, AR in Manufacturing and Visual Analytics in Manufacturing, according to HfS.

Kawasaki India's 300 cc and 650 cc motorcycles may soon get cheaper as the two-wheeler manufacturer will start locally assembling the 300 and 650 cc engines in the country. At present, Kawasaki sells the Ninja 300, Ninja 650, Versys 650 that are powered by the 300 cc and 650 cc engines. These motorcycles are being sold as CKD units (Completely Knocked Down) that makes them price higher as compared to their rivals.

It is safe to assume that the localisation of the 300 and 600 cc engines will bring down the manufacturing cost of the bikes they power, significantly.

Coal stocks at private thermal power plants in Maharashtra have reached precarious levels as Coal India (CIL), through its subsidiaries, is supplying more fuel to the power plants of Maharashtra State Power Generation Company (Mahagenco). According to industry sources, supply to private power producers has been severely curtailed to make sure supply of more coal to Mahagenco power plants to help them ramp up production to supply to Uttar Pradesh.

Kamarajar Port Ltd (KPL), formerly known as Ennore Port, has set its sights high and is bracing to become one of the top five ports in the country by 2020. The upgrade plan entails increasing the port’s capacity to 86 million tonnes per annum (MTPA) from the present 32 MTPA, at a total investment of Rs 7,300 crore.

In the works are the expansion of its coal cargo handling capacity, setting up of more multi-cargo terminals, including two extra terminals for automobiles, besides upgrade of other infrastructure facilities.

CHENNAI: Two major unions -- All India Bank Employees' Association (AIBEA) and All India Bank Officers' Association (AIBOA) -- will chalk out separate agitation and strike programmes in support of early wage revision in IDBI Bank, the unions said.

Employees of IDBI Bank will strike work on Tuesday demanding wage revision.

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