Luxury carmakers, hit by diesel ban in the National Capital Region and demonetisation in recent times, are treading cautiously in the run-up to the Goods and Services Tax (GST). The country’s largest luxury carmaker, Mercedes-Benz, has lowered prices by up to nine per cent with immediate effect to ensure that customers do not postpone purchases to wait for a price benefit that kicks in from July. BMW is offering discounts and benefits until actual price cut happens to keep sales intact. Companies do not want to take any hit on sales.

Tamil superstar Rajinikanth on Thursday issued a stern warning to his fans against indulging in any kind of indiscipline, saying those violating his fans club’s code of conduct would be expelled from it.

The actor did not refer to any specific incident but the message comes close on the heels of his fans going into celebration mode over him hinting at a political entry, and pasting posters on the issue in parts of Chennai and elsewhere.

Union Civil Aviation Minister Ashok Gajapathi Raju today expressed his concern over ‘poor’ financial condition of the airline and said that the government is mulling all options to revive India’s premiere airline, and that even privatisation is not exactly ruled out, an ANI report said. “Air India’s finances are very bad, impoverished part of Air India has to go, but we are looking at all alternatives to revive it,” the minister was quoted as saying by the agency.

India's plans to ban Chinese power firms due to concerns over cyber-attacks could backfire on India even though the move would cause losses to companies from China, a report in a state-run daily said omn Thursday.

"India's reported move to block Chinese companies in the power sector seems to be new evidence of the country's overly suspicious attitude toward China, but this could backfire given that India is still plagued by electricity shortages and unstable supply," an article in the Global Times said.

India's aviation sector is seeing a competition of a whole new level- ruthless slashing of prices. Days after SpiceJet offered domestic as well as international flight tickets for Rs 12 (only base fare, excluding taxes and fees), other airlines like IndiGo and Jet Airways also offered discounts on airfare.

The sale period for the Spicejet offer is from 23rd – 28th May, 2017, while the travel period is from 26th June, 2017 – 24th March, 2018.

With the government's ambitious plan to have all vehicles sold beyond the year 2032 to be electric, Mahindra & Mahindra (M&M), which has so far invested Rs 600 crore in the segment, aims to expand it in the next 2-4 years and has come up with plan EV 2.0.

Though M&M's immediate plan for the electric segment is to develop vehicles for mass mobility, there is also a blueprint for developing high-end niche products at a later stage, which would primarily be for foreign markets.

The BCCI on Thursday invited applications for head coach's post, sending a reminder to head coach Anil Kumble that he will not get an automatic extension after his current term expires at the end of Champions Trophy. Interested candidates can apply by May 31 and will be interviewed by the Cricket Advisory Committee (CAC) of Sachin Tendulkar, Sourav Ganguly and VVS Laxman.

Tata Consultancy Services (TCS) moved higher by 2% to Rs 2,612 in intra-day trade, extending its Wednesday’s 1.5% gain on the BSE. The stock is trading at its highest level since August 19, 2016.

Thus far in the month of May, TCS has outperformed the market by surging 15% as compared to 1.9% rise in the S&P BSE Sensex.

The benchmark indices extended gains in noon deals as traders appeared to have been covering their short positions before expiry of the May series of derivative contracts due later today.

Asian markets hitting their two-year highs after the US Federal Reserve signalled a more cautious approach to future rate hikes, also contributed to the gains.

State-run Coal India Ltd , saddled with millions of tonnes of unsold coal, is expected to be the biggest beneficiary of a controversial government decision to more than halve the sales tax on the fuel after a jump in local supplies.

The world's third-largest greenhouse gas emitting country said last Friday it would lower the duty on coal from July 1 and impose a new 18 percent tax on solar cells and modules as part of a broader tax overhaul.

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