Home-grown auto major Mahindra & Mahindra on Thursday launched passenger carrier small commercial vehicle, Jeeto Minivan, starting at Rs 3.45 lakh (ex-showroom Mumbai, BS IV diesel variant).

The Jeeto Minivan will be available in diesel, petrol and CNG engine options, the company said in a statement.

The flood situation in Assam continued to deteriorate with five more persons losing their lives on Thursday as while over 17 lakh people remained affected across 26 districts in the state.

Around 77 per cent of the Kaziranga National Park, including 134 anti-poaching camps, has been inundated, leaving some animals dead and some moving to nearby highlands.

Infosys, India's second-largest software exporter said its first-quarter profits grew 1.4 per cent to Rs 3,483 crore and revenue grew 1.8 per cent to Rs 17,078 crore, on the back of improved operation controls, even as business from its main markets remain muted.

Infosys had posted a profit of Rs 3,436 crore and revenue of Rs 16,782 crore in the same period last year.

Paytm has acquired a majority stake in ticketing platform Insider.In, for events and properties, including NH7 Weekender, EDC and The Grub Fest, for an undisclosed amount.

This will enable all Paytm customers discover a wide selection of events and book instantly, a company statement said.

Amid ongoing border stand-off with China, the government has called an all-party meeting to apprise the entire Opposition on the issue.

External Affairs Minister Sushma Swaraj and Home Minister Rajnath Singh will brief Opposition leaders on Friday.

Czech carmaker Skoda on Thursday launched an all-new version of its best-selling sedan Octavia in India with price starting at Rs 15.49 lakh (all India ex- showroom).

The car will be available in both petrol and diesel engine options.

The petrol version comes with two engine options of 1.4 litre and 1.8 litre, priced between Rs 15.49-20.89 lakh.

Beleaguered steel company Bhushan Steel has been taken to the National Company Law Tribunal (NCLT) in Delhi by the State Bank of India (SBI). Its sister company, Bhushan Power, has also been taken to the NCLT's Delhi bench by another public sector bank, the Punjab National Bank (PNB). The hearing at the NCLT was adjourned after the financial creditors initiated the insolvency process in the court of Chief Justice M M Kumar and Deepa Krishan.

Both the petitions have been filed under the Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, where the financial creditor initiates insolvency proceedings with a claim.

Hindustan Petroleum Corporation Limited (HPCL) rallied 6% to Rs 382 in intra-day trade, extending its Wednesday’s 5% gain on the BSE, after the media report suggested that the merger of the company with Oil and Natural Gas Corporation (ONGC) is likely to take place soon.

At 12:43 pm; the stock was trading 5% higher at Rs 376, against 0.66% rise in the S&P BSE Sensex. It is quoting close to its record high of Rs 390 (adjusted to 1:2 bonus shares) on February 14, 2017 in intra-day trade. ONGC, on the other hand, was down 2% to Rs 160, erases its entire previous day’s gain.

The National Green Tribunal (NGT) on Thursday banned dumping of any kind of waste within 500 metres from the edge of river Ganga.

The development comes a week after the Supreme Court stayed the Uttarakhand High Court's order declaring river Ganga and Yamuna as a juristic person and a living entity.

AIADMK chief VK Sasikala is reportedly getting VIP treatment in the Bengaluru jail, including a special kitchen for her meals.

After being convicted by the Supreme Court in a disproportionate assets case, Sasikala has been lodged in the Parappana Agrahara Central jail.

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