Hong Kong/Mumbai: India’s weaker economic growth will lead to more soured loans, even after an audit of lenders’ books pushed stressed assets in the South Asian nation to the highest among major economies, according to the head of the country’s largest bank.

“There could be a few more accounts that could start showing stress mainly because the kind of growth in demand that we have been talking about still has not really come back,” State Bank of India chairman Arundhati Bhattacharya said in an interview with Bloomberg Television in Hong Kong on Tuesday.

After Tata Consultancy Services and Infosys, now IT major Wipro is considering rewarding shareholders by distributing cash through a share buyback, which may amount to Rs 3,000-4,000 crore, topping the size of its last share repurchase in April 2016, CNBC TV18 reported citing unidentified sources.

The information technology major is in the process putting forth to the board a proposal, which will not consist of just this one proposed buyback, but will also suggest a detailed capital return policy for shareholders over the next three years, CNBC TV18 said.

Reliance Jio has introduced more monthly tariff plans starting at Rs 149, ostensibly to capture the lower-end of the telecom user market, which could find its flagship tariff plans out of reach.

The new giant in the Indian telecom space has also introduced other tariff plans starting from as low as Rs 19 for one-day validity, and going up to Rs 9,999 for a year. Most plans on offer are available for both, prime and non-prime customers, but the prime customers will get more benefits, mainly in terms of data usage limits.

NEW DELHI: Hinduja Group flagship Ashok Leyland today reported a 4.93 per cent increase in total sales at 14,067 units in February.

The company had sold 13,406 units in the same month last year.

Sales of heavy and medium commercial vehicles grew by 4.88 per cent to 11,329 units last month as against 10,801 units in the year-ago period, the company said in a statement.

The Sensex left its two days of losses behind by recovering 230 points in early session on Wednesday, propped up by fresh buying triggered by positive GDP data for the December quarter amid favourable Asian cues.

The impact was such that even the broader NSE Nifty took back the 8,900-mark. The 30-share index, which had lost 149.65 points in the previous two sessions, was trading higher by 229.56 points, or 0.80%, at 28,972.88. All sectoral indices, led by realty, bank and metal, moved up, with gains of up to 1.29%.

Hyundai Motor India Ltd (HMIL) on Wednesday reported a 6% increase in total sales at 52,734 units in February.

The company had sold 49,729 units in February last year, HMIL said in a statement. Domestic sales were up 4% at 42,327 units during the month, as against 40,716 units in the year-ago period, the company said. Exports in February this year stood at 10,407 units, as against 9,013 units in the same month last year, a growth of 15.5%.

Retirement fund body EPFO has allowed full and final withdrawal of funds by the subscribers from their pension account without providing Aadhaar number.

"All those members filing claims for withdrawal of funds from their pension account would not be required to submit Aadhaar as mandated in an earlier order of the EPFO," a senior official said.

Cries for 'azaadi' and the 'cheeky Akhil Bharatiya Vidyarthi Parishad (ABVP) why so creepy', on Tuesday reverberated the Delhi University (DU) campus during an anti-ABVP march joined by over 2,000 students and teachers against "onslaught" on universities and "curb" on dissent.

Students, teachers and non-teaching staff from various universities, including Jawaharlal Nehru University (JNU), Jamia and Ambedkar University participated in the protest march.

As the traders body's boycott of PepsiCo and Coca-Cola products across Tamil Nadu started on Wednesday, the initiative received a mixed response from retailers. The non-alcoholic beverage is expected to lose around Rs 1,400-1,500 crore of business every year if the ban comes into effect as expected.

A M Vikrama Raja, president, Tamil Nadu Vanigar Sangham and Tamil Nadu Traders Federation said all retailers and shopkeepers in the state have begun to boycott these two MNC products, while many of the restaurants and super markets are continuing to sell and they have sought time.

The country's largestcar-makerr Maruti Suzuki India (MSI) on Wednesday reported a 10.9 per cent increase in total sales at 1,30,280 units in February as against 1,17,451 in the year-ago month.

The company's domestic sales stood at 1,20,735 units, up 11.7 per cent from 1,08,115 units in February last year, MSI said in a statement.

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