Tata Motors gained 1% to Rs 505, bouncing back 3% from intra-day low on the National Stock Exchange (NSE), after the company said Jaguar Land Rover (JLR) reported 12% rise in total retail sales of 55,375 vehicles in December 2016 over the previous year.

JLR, the UK’s leading manufacturer of premium luxury vehicles has achieved its best ever December sales performance in 2016, primarily driven by the ongoing success of the Jaguar F-PACE, Land Rover Discovery Sport and the Range Rover Sport as well as strong demand for the long wheel base Jaguar XFL in China, Tata Motors said in a release.

State Bank of India (SBI) is leaving no stones unturned to kick-start the credit offtake, and last week's steep 0.90 bps lending rate cut has resulted in a huge number of enquiries, especially for home loans, a top bank official said here on Saturday.

"Credit growth has been very, very subdued so far. In fact, our loan book has not grown at all after the note ban announcement on November 8. Now, the focus is on growing the loan book," Rajnish Kumar, managing director in charge of national banking, told reporters.

Online marketplace Snapdeal on Saturday announced a two-day “Welcome 2017” sale on January 8 and 9. The sale offers up to 70 per cent discount on mobile phones, home, electronics, and luggage, among other categories. The users can avail a 15% discount on payments made through SBI credit card. Additionally, no cost EMI option is available across all major credit cards.

Users can purchase Redmi Note 3 at Rs 11999, Samsung J2 Pro (16GB) at Rs 9490, LeEco Le2 (32GB) at Rs 11999, Micromax Spark 3 at Rs 3899, Moto G turbo at Rs 9299, iPhone 5s (16GB) at Rs 17499, iPhone 7 (32GB) at Rs 52999, iPhone 6s (32GB) at Rs 43999, Micromax Canvas 5 (16GB) at Rs 7499, Mi 10000 mAh PowerBank at Rs 1299, Yu Yuphoria at Rs 5699, Oppo F1S (64GB) at Rs 18990, Yu Yureka Plus at Rs 5999.

MUMBAI: Marked by day-long swings, the stock market came off its nearly two-month high by falling over 119 points to close at 26,759, stumped by IT worries following proposed visa curbs in the US.

The NSE nifty too briefly retook the 8300 level before capitulating.

Bengaluru: The rupee is expected to fall further against the US dollar this year to a record low, hit by rising global bond yields and an economic blow from New Delhi’s dramatic currency crackdown launched two months ago, a Reuters poll found.

The rupee performed a bit better than most of its regional peers in 2016, weakening just over 2% as India’s economy, the fastest-growing in Asia, roared ahead for most of the year.

Washington: US employment increased less than expected in December but a rebound in wages pointed to sustained labour market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year.

Non-farm payrolls increased by 156,000 jobs last month, the labour department said on Friday. The gains, however, still remain above a level that is considered sufficient to absorb new entrants into the labour market.

New Delhi: The practice of forcing industries to cross-subsidize household consumers’ power tariffs is leading to an unprecedented shift among businesses towards captive solar power with some committing to go fully reliant on clean energy.

Cost of producing solar power, which was over Rs12 per kilowatt hour (unit) in 2010, has dropped sharply over the years.

London: Britain’s biggest carmaker Jaguar Land Rover said on Friday it was buying a minority stake in connected car technology firm CloudCar, as automakers seek out new partnerships and investments to build high-tech models.

Car manufacturers are developing connected cars, which use the Internet to improve customers’ driving experiences and allow vehicles to communicate with each other, in a race with tech giants such as Google.

A day after announcing its ticket prices at par with AC II of Rajdhani trains, National carrier Air India today came out with another lucrative offer for its passengers allowing enhanced free check-in baggage on its jumbo 747 flights operating on the trunk Delhi-Mumbai route.

Besides, the carrier also announced heavily discounted fares, starting at Rs 15,000 for travel in first class of its Queen of the Skies (Boeing 747) flights to the two cities till January 15, a release said.

Capital markets regulator Sebi is planning to ease entry barriers for domestic institutional investors like insurers and pension funds to encourage robust inflows into the Reits and Investment Trusts (InvITs) markets.

“Sebi is sitting down with the Irdai and the PFRDA to evolve a set of guidelines to ensure that insurers and pension funds do not face much of entry barriers into the Reits and InvITs. This is what we are working on now,” Sebi whole-time member G Mahalingam said on Friday.

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