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.

Tata Motors today said it has delivered 30 new buses to the Bengaluru Metropolitan Transport Corporation (BMTC). The new delivery is a part of a larger order of 1385 buses bagged by Tata Motors comprising the Ultra 6/9 BS IV Midi and LPO 1512/55 BS IV buses, the company said. “This next generation fleet of connected Tata Motors buses introduced today, reiterates our commitment towards the use of innovative technologies and concepts in Mass Public Transportation, to meet the current and future needs of Smart Cities like Bangalore,” Tata Motors Vice President, Sales & Marketing R T Wasan said.

The country's forex reserves slipped from record high level to US $381.156 billion in the week to June 9 due to fall in foreign currency assets.

In the previous week, the reserves had increased by US $2.404 billion to touch a record high of US $381.167 billion.

Net income tax collection till June 15 grew at a healthy 26.2% to Rs 1,01,024 crore from across the country as of June 15 from Rs 80,075 crore in the year ago period.

Among the metros, the Mumbai zone registered the highest revenue collection growth during the period with a growth of a whopping 138% at Rs 22,884 crore from Rs 9,614 crore a year ago, sources at the income tax department here told PTI today. The Mumbai zone contributes over one-third of nationwide direct tax collections.

In a reprieve to Hindustan Unilever (HUL), the manufacturer of Kwality Walls ice-cream and frozen desserts, the Bombay High Court on Saturday restrained Amul from airing an icecream commercial.

Justice S J Kathwalla allowed application filed by HUL seeking injunction against the advertisement of Amul which claimed HUL ice-creams were frozen desserts made out of vegetable oil and hence not safe to consume.

The H-1B visa programme is unlikely to be a thorny issue in the maiden meeting between US President Donald Trump and Prime Minister Narendra Modi and the talks could yield a "win-win formula" for both the sides, a top American business advocacy group today said.

"I believe the visit will yield a win-win formula for both countries. I am very optimistic that it will go very well when Prime Minister comes here," Mukesh Aghi, president of US India Business Council (USIBC) told PTI.

While being cautious about lending to Indian companies, State Bank of India (SBI) is looking to increase corporate lending in Europe.

SBI, Frankfurt, which has a status of an independent bank in Europe, has traditionally seen nearly 50 per cent of its lending as trade financing, helping Indian business houses expand in Europe and European business firms in India.

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