In order to facilitate ease of doing business, Sebi has notified rules to provide permanent registration to merchant bankers, investment advisers, research analysts and eight other categories of market intermediaries.

The Securities and Exchange Board of India (Sebi) already gives permanent registration to stock brokers and sub-brokers subject to their compliance with certain requirements.

NEW DELHI: Hyundai Motor India Ltd today said it will hike prices by up to Rs 1 lakh across models from January to offset higher input costs, fluctuating exchange rates and marketing expenses.

"In these challenging year-end market conditions, we are constrained to consider price increase on account of factors like increased input costs, fluctuating exchange rates and increasing marketing expenses," HMIL Senior Vice President, Sales and Marketing Rakesh Srivastava said in a statement.

NEW DELHI: Marking its foray into wind power generation, state-owned NTPC has partnered with Inox Wind for a 50-MW wind project to be deployed in Gujarat.

"Inox Wind Ltd... has bagged an order for a 50-mw wind power project to be deployed in the state of Gujarat from NTPC Ltd" a press release said.

NEW DELHI: India’s oil demand grew 12% in November as customers rushed to petrol pumps to purchase fuel with their old currency notes after the government demonetized high-value notes.

Petrol sales surged 14.25% in November while the demand for diesel, which accounts for nearly 40% of all oil consumed in the country, rose 10.45%.

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.

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