Mumbai: The Reserve Bank of India (RBI) on Tuesday announced a 25 basis points (bps) cut in repo rate as it believes that food inflation momentum has moderated and upside risks to the March inflation target are lower than at the time of the August policy.

The policy announcement underlines the central bank’s shifting priorities as it tries to prop up growth as inflation remains under control because of a normal monsoon.

New Delhi: India’s largest power generator, which is spearheading Prime Minister Narendra Modi’s ambitious clean-energy goals, is expanding its solar target and slowing down development of its coal-based plants on concerns that the cost of renewables will be cheaper than conventional energy.

NTPC Ltd. will expand its target of setting up 10-gigawatts of solar capacity, chairman Gurdeep Singh told Bloomberg in an interview. It will also support building of 15 gigawatts of solar capacity by buying power from producers and selling it to distribution companies.

US tech giant Microsoft is discontinuing its wearable fitness tracker called “Band” and the company has no plans to release “Band 3”.

“The Band 2 has been wiped completely from Microsoft’s online store and is no longer available from Best Buy either,” technology website The Verge reported on Tuesday.

Country's largest carmaker Maruti Suzuki India (MSI) said its premium hatchback Baleno has crossed one lakh cumulative sales milestone in the domestic market in less than one year of its launch.

The auto major had launched Baleno in India on October 26 last year. Besides domestic sales, the company has shipped out 33,800 units of the car to various markets across the globe, including Japan and Europe.

In an attempt to reiterate that its goal of becoming a $20 billion (Rs 1.33 lakh crore) firm is a target and not just an aspiration, software giant Infosys has its linked its chief executive, Vishal Sikka's annual compensation to the progress the company towards the goal, the chairman of its board said.

Sikka had earlier announced that the company has set a target of becoming a $20 billion firm with average revenue per employee of $80,000 and an opening margin of 30%, reported Mint.

In a bid to make primary markets more efficient, regulator Sebi is working towards cutting down the time taken for listing of companies on stock exchanges to four days from the current norm of six days.

Presently, it takes six days after the close of bidding in the initial public offer (IPO) for a company to list on stock exchanges, thus keeping the investors' funds locked in for a longer period of time.

HDFC Bank on Monday announced that it has selected software major Adobe's 'Marketing Cloud' platform to deliver personalised digital experiences to its 37 million customers.

HDFC Bank has developed a comprehensive e-mail marketing solution based on the Adobe platform that will span multiple outbound channels including email, SMS, social and mobile apps.

National carrier Air India expects the 40 odd new airplanes that it plans to induct over the next two years would help regain lost market share in the domestic market against private players such as IndiGo and Spicejet.

It plans fresh orders of 10 Airbus 320 aircraft to increase capacity, in addition to the 30 aircraft from the European plane maker it has placed orders with.

State-owned power equipment maker BHEL has bagged two renovation and modernisation (R&M) orders of hydropower plants worth Rs 430 crore, including one from NHPC.

"BHEL has secured R&M contracts of hydro electric plants (HEPs). The company has won orders worth around Rs 430 crore, for the R&M of the 6x60 MW Balimela HEP of Odisha Hydro Power Corp Ltd (OHPC) and the 3x60 MW Bairasiul HEP of National NHPC Ltd," the company said in a statement.

TVS Motor reported 30.1 per cent growth in two wheeler sales, an increase from 220,971 units recorded in September 2015 to 287,449 units in September 2016.

Domestic two wheeler sales grew by 33.6 per cent, increasing from 190,063 units in September 2015 to 253,974 units in September 2016.

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