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.

Kalanithi Maran-owned Sun Television Network's (Sun TV's) stock price spiked 26 per cent to Rs 694, also its lifetime high, on the National Stock Exchange in early morning trade.

Friday morning is the first trading day for the company after a special court discharged Kalanithi Maran and his brother and former Union minister Dayanidhi Maran in the Aircel-Maxis case. On Thursday, the company's stock price closed at Rs 551.85 a share, up by 1.30 or 0.24 per cent.

Home-grown automaker Tata Motors is revamping its product strategy for the passenger car segment to safeguard itself from competition coming from technology giants such as Google and Uber.

The company plans to launch two modular platforms and gradually phase out six existing platforms. While many of the products from the current platforms will be also phased out, some of will be transferred to the new modular platforms to be launched in 2018. This has put a question mark on the future of Nano, the much talked-about small car that failed to generate volume.

Aiming to enhance quality and improve efficiency of the Engineering Education System, a Financing Agreement for IDA credit of $201.50 Million was signed with World Bank for the 'Third Technical Education Quality Improvement Programme' (TEQIP III) on Wednesday.

The Agreement was signed by Raj Kumar, Joint Secretary, Department of Economic Affairs, on behalf of the Government of India and Junaid Kamal Ahmad, Country Director, World Bank (India) on behalf of World Bank.

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