New Delhi: Nissan Motor Co. plans to work with “government bodies” and “private sector firms” to see if there is a market for its electric car Leaf in India, a top executive at the Indian unit of the Japanese auto maker said.

“We will start a pilot project involving the Nissan Leaf this year, which will help us in assessing the viability of electric vehicles (EV),” Guillaume Sicard, president, Nissan India operations, added.

Washington: US President Donald Trump will take aim at information technology outsourcing companies Tuesday when he orders a review of H1B visa programmes to favour more skilled and highly paid applicants.

An administration official who briefed reporters in advance named Tata Consultancy Services Ltd, Cognizant Technology Solutions Corp. and Mphasis Corp.

Bengaluru: Infosys Ltd, despite a relatively good performance over the past two years, is battling perceptions of under-performance because of its inability to keep pace with its ambitious target of more than doubling its revenue to $20 billion by March 2021.

This target appears to have done more harm than good: analysts continue to rate the company using it as a metric; and people in the know attribute the departure of at least a few senior executives over the past few years to it. Now, an analyst at a foreign brokerage has suggested that the company is better off without the target.

The share of non-fare revenue (NFR) in total income of Indian Railways rose to 6.17% in FY17 compared with 3.62% in the previous year. In absolute terms, NFR jumped around 70% in the last fiscal to `10,181 crore on the back of a policy thrust to this segment.

The Indian Railways’ total income for 2016-17 stood at `1,65,068 crore against a revised target of `1,72,000 crore.

NEW DELHI: The government is working on a road map for the overhaul of state-run lenders that involves the next round of consolidation, public offers in the next few months by banks to raise fresh capital, and changes in the hiring policy, including increased lateral entry. This could see Punjab National Bank (PNB) and Bank of Baroda taking over smaller lenders, said a senior finance ministry official.

MUMBAI: Mahindra & Mahindra's North American Technical Center is working on a new-generation Scorpio that is expected to hit the roads in 2020. This time around, the goal is to take it global.

The fourth-generation Scorpio will be built on an enhanced architecture of the current version, with a design and features to compete in developed markets. Mahindra's plan is to build an SUV and a pickup truck.

NSE Nifty reclaims the psychological 9,200-mark and BSE benchmark Sensex soared about 267 points in early trade, triggered by across-the-board buying amid mixed overseas cues.

Investors appeared optimistic ahead of quarterly earnings of some key companies, including IT major TCS which is scheduled to release its results later in the day.

In a keenly-contested biennial election to two Legislative Council seats in Jammu & Kashmir, BJP's Vikram Randhawa and Congress' Thakur Balbir Singh were elected to the Upper House on Monday.

Singh secured 31 votes while Randhawa secured 29 votes and both were declared winners, an official spokesman said. Randhawa was declared winner on the basis of draw of lots, a procedure laid down in the Constitution, as the PDP candidate Abdul Qayoom Dar also secured the equal number of votes (29), he said.

State Bank of India (SBI) surpassed oil exploration major Oil & Natural Gas Corporation (ONGC) to become most valued public sector undertaking (PSU) stock in terms of market capitalization (m-cap) in intra-day trade on Tuesday.

SBI with m-cap of Rs 239,808 crore was ahead of ONGC having m-cap of Rs 236,003 crore at 10:56 am; the BSE data showed. On Monday, the m-cap of ONGC and SBI was Rs 234,977 crore and Rs 234,902 crore, respectively.

India's largest software services firm TCS today said its shareholders have approved a Rs 16,000 crore share buyback plan.

The buyback programme, which was passed through a special resolution, saw 99.81% of the total number of valid votes being cast in favour of the proposal, the company said in a regulatory filing.

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