The Reserve Bank is likely to go for a 25 basis point cut in interest rate in its monetary policy review meet next week amid muted inflation, a "prudent budget" and concerns about the impact of demonetization on growth, says a Deutsche Bank report.

According to the global financial services major, there is room for an accommodative policy stance by RBI next week, although the scope for further rate cuts is unlikely given global price developments.

Calcutta, Feb. 2: Public sector miner Coal India has witnessed an increase in production in January, with four of its eight subsidiaries achieving the target set for the month. However, the miner's overall output fell 8 per cent short of its target.

Provisional production during the month was 55.99 million tonnes (mt) compared with 52.86mt in the year-ago period. The target for January was at 61.04mt.

MUMBAI: Even as the special CBI court has dropped all charges against the Maran brothers in the 2G case, the fate of the merger deal between Reliance Communications (RCom) and Aircel still depends upon the outcome of the Supreme Court order on Friday as the trial court had segregated the trial against the two accused Malaysian nationals - Ralph Marshall and T. Ananda Krishnan from that of the Maran brothers. Dayanidhi Maran is a former Union Minister and Kalanidhi Maran runs the Sun TV network.

Hyundai is currently working to update its model range including the facelift Verna, Grand i10 and the Xcent. Fresh images of the Xcent facelift have surfaced on the internet, indicating the launch of the compact sedan is around the corner. The company will first launch the Grand i10 in India followed by the launch of the Verna and Xcent, respectively in 2017.

The Hyundai Xcent facelift will get new equipment, both at the exterior and interior as well as some mechanical updates. Under the hood, the upcoming Xcent is likely to get the same 1.2 litre petrol engine that produces 81 hp of power and 113.7 Nm of torque.

To increase the non-aeronautical revenues of the Airports Authority of India (AAI), finance minister Arun Jaitley said in his Budget proposals that the government plans to amend the AAI Act to allow the former to monetise its surplus land for commercial purposes. Currently, the Act limits AAI to use its land for only airport related purposes.

AAI owns close to 55,000 acres of land across the country and is ranked as the third highest in terms of the land it owns probably after railways and defence. According to a senior official of AAI, the plan is to monetise around 12-15% of the total land it holds. The money collected will be used in developing new or upgrading the existing airports in non-metro cities.

The Indian rupee’s good run continued into the 8th straight session today as it firmed up by another 4 paise in early trade to 67.33 against the dollar after the US currency saw higher selling by exporters and banks amid foreign fund inflows.

Forex dealers said the weakness in the greenback against other currencies overseas and a higher opening in the domestic equity market also supported the rupee.

Apple is officially going to make its iPhones in India, in the city of Bengaluru from April. Taking the ‘Make in India’ route the company is finally moving closer to iPhone assembly in the country. The government of the Indian state of Karnataka said on Thursday it welcomed a proposal from Apple to begin initial manufacturing operations in the state, in a sign the tech company is slowly moving forward with plans to assemble iPhones in the country. The Karnataka Government issued a press release notifying of the same. However, Apple has still not commented on the issue.

Indian software companies need to stop sending people on H-1B visas and focus on local hiring in the US, Infosys co-founder N R Narayana Murthy said amid rising concerns over Donald Trump administration's proposals to restrict inflow of foreign workers.

Stating that by and large Indian mindset is always to take the "soft option", Murthy -- one of the pioneers of India's IT outsourcing industry -- said becoming multi-cultural is not easy and is a "very, very hard option".

BSE, which recently concluded its Rs 1,243-crore initial public offering, will list on rival National Stock Exchange (NSE) today.

BSE's stock listed at Rs 1,085/ share versus the issue price of Rs 806 a piece. The stock jumped nearly 48% in early trade on NSE.

Top American IT company Microsoft on Friday requested the Trump administration to ease travel restrictions on its employees affected by the Executive Order of the US President on immigration, visa and border security.

In a letter to US Secretary of State Rex Tillerson and Homeland Security Secretary Gen (rtd) John Kelly, Microsoft Chief Legal Officer Bradford L Smith said 76 Microsoft employees along with 41 dependents have non-immigrant visas to live and work in the US and are impacted by the Executive Order.

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