Axis Bank, India's top importer of gold, has suspended the bank accounts of some bullion dealers and jewellers after two of its executives at a branch were arrested over alleged money laundering.

The move is likely to curtail imports by the world's second-biggest gold consumer this month and could weigh on global prices already near their lowest level in ten months.

Automobile major Tata Motors on Monday said it will hike the prices of its passenger vehicles from between Rs 5,000 and Rs 25,000 due to the impact of various macro-economic factors.

The price increase will be effective from January 1.

Infosys chief executive Vishal Sikka says he would look at building the company’s artificial intelligence (AI) offerings as a standalone business, independent of the traditional services, to help build next generation applications for its customers.

With its artificial intelligence platform Mana, a part of the Infosys Aikido framework, the company is looking to help clients reduce costs and improve productivity through automation and free resources to build new applications that adds value to their business.

New Delhi: The Competition Appellate Tribunal (Compat) on Friday found car manufacturers Ford India Pvt. Ltd, Nissan Motor India Pvt. Ltd and Toyota Kirloskar Motor Pvt. Ltd guilty of anti-competitive conduct in the spare parts market, ruling that there could not be any restrictions on the supply of spare parts.

Compat, in the process, upheld a 2014 order of the Competition Commission of India (CCI) pertaining to 14 car makers, including the three companies cited above.

Mumbai, Dec. 9: The country's top 100 companies in market valuation generated wealth worth Rs 28.4 lakh crore in the last five years, with Tata Consultancy Services (TCS) retaining the top position for the fourth time in a row.

According to the "21st Annual Wealth Creation Study" by Motilal Oswal Financial Services, Tata Consultancy Services is the biggest wealth creator as it generated over Rs 2.6 lakh crore for the period 2011-16.

Mumbai: The Reserve Bank of India (RBI) on Friday said it received a total of 102,894 complaints at 15 of its banking ombudsman offices during the year ended 31 March.

The central bank said complaints to its banking ombudsman offices rose by about 21% from a year earlier, according to the annual report on the Banking Ombudsman Scheme for 2015-16. The ombudsman offices had a disposal rate of about 95%, which remained stable as compared with a year earlier.

New Delhi/Bengaluru: The Competition Appellate Tribunal (Compat) on Friday asked the antitrust regulator to review its order declining to investigate whether DLF Universal Ltd and DLF Home Developers Ltd were in a dominant position in Delhi’s luxury residential apartments market and had abused their position to influence consumers.

The Compat order is in response to an appeal by Ess Cee Securities Pvt. Ltd and Signature Securities Pvt. Ltd against an earlier decision of the Competition Commission of India (CCI) to close the case.

New Delhi: Flag carrier Air India Ltd will deploy its double-decker four-engine jumbo jet Boeing 747 on domestic flights between Delhi-Mumbai to beat airport congestion.

The airline mostly flies its twin-engine narrow body Airbus A320 plane on this route currently, typically offering 140 seats inclusive of 20 business class seats.

Senior party functionaries have urged former chief minister and party supremo J Jayalalithaa’s aide V K Sasikala to lead the party on the path shown by her, said AIADMK on Saturday. Earlier today, the party had strongly defended Sasikala saying there’s nothing wrong in its leaders calling on her as she is a key member. They had also announced that a person would soon be elected to the top post of General Secretary.

Private sector lender Axis Bank on Friday partially reversed the 100-basis-point (bps) cut in the interest rates on fixed deposits of more than R5 crore that it had effected on November 25. The lender will now pay interest at the rate of 6.25%, as against 5.5% till Thursday.

The move comes even as most banks are reducing rates on term deposits amid a flush of liquidity resulting from the government’s decision to withdraw the legal tender status of old R500 and R1,000 notes. Banks received deposits worth Rs 11.55 lakh crore since

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.