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Tata Motors unveils sports car RACEMO, market launch seen in FY18

Tata Motors unveils sports car RACEMO, market launch seen in FY18

India's home-grown auto major Tata Motors on Tuesday unveiled its first sports car, RACEMO, at the international motor show here.

Besides the two-seater sports coupe, the first product under the company's new sub-brand TAMO, the company is showcasing the special editions of its next generation product line-up in the compact segment — sedan TIGOR and SUV NEXON.

Women earn 25 per cent less than men: Monster Salary Index 2016

Women earn 25 per cent less than men: Monster Salary Index 2016

Indian women earn 25 per cent less than Indian men, according to the Monster Salary Index (MSI) on gender for 2016. This goes on to prove that gender is a major parameter in determining the salary of the employee, reported Livemint.

Men earned a median gross hourly salary of Rs 345.8, while women earned Rs 259.8 in 2016. This gap got narrowed by two percentage points from 27.2 per cent in 2015 and is closer to the 24.1 per cent in 2014. About 68.5 per cent women at Indian workplaces also feel that gender parity is still a concern.

Hyundai Motor India discontinued the successful little Santro in 2015 and since then has been missing out on the segment. However, the road's not closed for Santro as the company is planning to launch an all-new one as reported by us in November, 2016. It is expected that the manufacturer will retain the tall boy design hatchback in 2018, while adding new features and cosmetic changes. Hyundai had discontinued the Santro and that slot is now being covered with the old i10. When launched, the new Santro will be positioned between the Eon and Grand i10 in the company's model lineup. The hatchback will be developed by the Hyundai R&D team at the Indian centre.

Reliance Capital sells Paytm stake to Alibaba for Rs 275 crore

Reliance Capital sells Paytm stake to Alibaba for Rs 275 crore

Reliance Capital has sold its nearly 1 per cent stake in popular digital payments firm PayTm for Rs 275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm.

The financial services arm of Reliance Group had invested Rs 10 crore for this stake in Paytm.

Sri Lankan navy shoots Indian fishermen, one dead

Sri Lankan navy shoots Indian fishermen, one dead

The Sri Lankan navy has allegedly shot dead a 21-year-old fisherman and injured some others when they opened fire on fishermen from Rameswaram, who allegedly poached in Lankan waters on Monday night.

The fishermen who set out for ‘night fishing’ from the fishing jetty here on Monday evening, were fishing on the high seas around 10 pm, when the Lankan navy allegedly opened fire, reports received here said.

Govt asks SBI to reconsider minimum balance penalty

Govt asks SBI to reconsider minimum balance penalty

The government on Monday asked State Bank of India (SBI) to reconsider its decision to levy penalty on non-maintenance of minimum balance, which the bank plans to hike manifold from April 1 impacting over 310 million savings bank account holders.

SBI, according to a source, has also been asked to reconsider charges it proposes to levy on cash transactions and ATM withdrawals over specified limits.

Uttar Pradesh in throes of anarchy: PM Modi

Uttar Pradesh in throes of anarchy: PM Modi

Prime Minister Narendra Modi on Monday sought support and votes for the BJP, and attacked the ruling Samajwadi Party, saying the state was in the throes of anarchy and law and order had crumbled.

At an election rally in Rohaniya, the Prime Minister said time was ripe to change the taqdeer (fortune) of Uttar Pradesh and sought support for candidates from alliance partners, Apna Dal and the Bharatiya Samaj Party.

Cheaper flights on anvil: Government to declare UDAN bid results by March 1

Cheaper flights on anvil: Government to declare UDAN bid results by March 1

The government will likely announce the winners of its regional connectivity scheme UDAN by March 15, CNBC TV18 reported citing unidentified sources.

It said that 11 companies were learnt to have submitted the bids operating subsidised flights on 200 routes across the country, covering 43 airports.

85 Indian fishermen jailed in Pakistan

85 Indian fishermen jailed in Pakistan

At least 85 Indian fishermen were on Monday sent to jail after being arrested by Pakistani authorities for allegedly fishing into the country's territorial waters.

The fishermen were arrested on Sunday by the Pakistan Maritime Security Agency.

Netflix partners with Airtel, Videocon, Vodafone for wider reach

Netflix partners with Airtel, Videocon, Vodafone for wider reach

Global video streaming service Netflix on Monday announced strategic partnerships with Airtel, Videocon d2h and Vodafone -- making it the world's leading Internet TV network.

With these partnerships, Netflix's critically-acclaimed programmes like House of Cards and Narcos and The Crown will be easily accessible to consumers across direct-to-home and mobile platforms throughout the country.

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