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.

New Delhi, Oct. 2: The government is weighing the option of going ahead with a 5 per cent stake sale in state-owned ONGC in the current fiscal to meet its divestment target, despite differences between ministries.

While the finance ministry is pushing the proposal as the exploration company does not have to bear any subsidy burden now, the oil ministry feels the sale may not get the right valuation because of a slump in global crude prices.

Facebook is seeking to fill in some of the gaps in the reach of its messaging app empire, announcing today a new standalone version of its Messenger app, Messenger Lite, specifically designed for older Android devices with limited storage and for slower, data-constrained Internet connections.

Idea being that not everyone in the world has the premium hardware and superfast data connectivity that its full-fat messaging product assumes.

Hyundai Motor India Ltd (HMIL) today reported 4.72 per cent increase in total sales at 59,211 units in September.

The company had sold 56,539 units in the same month last year, HMIL said in a statement.

Market built on its early gains and scaled higher on buying pick-up, buoyed by manufacturing PMI for September that came in above the 50 mark for the ninth straight month signalling expansion.

The benchmark Sensex rallied 331 points led by realty, auto, energy and industrials.

Bajaj Auto reported a 2% decline in total sales in September at 3,76,765 units as against 3,84,400 in the same month last year.

Motorcycle sales during the month went up by 1% to 3,31,976 units as against 3,30,228 in September last year, the company said in a BSE filing.

In an attempt to diffuse the escalated tensions between two nations along the Line of Control (LoC) after India's surgical strike, National Security Advisors (NSA) of India and Pakistan have reportedly had talks, even though Pakistan Prime Minister Nawaz Sharif warned that Islamabad was also capable of executing surgical strikes.According to The News International, Adviser to Pakistan Prime Minister on Foreign Affairs Sartaj Aziz said that Pakistan's Nasser Janjua and India's Ajit Doval spoke to diffuse tensions between the two countries.

Maruti Suzuki India has hit a new high of Rs 5,720, up 4.4% on the National Stock Exchange (NSE) in early morning trade after the company reported a strong 31% year on year (YoY) growth in its passenger vehicle sales in September 2016 at 149,143 units, on the back of highest-ever domestic sales.

The company had sold a total of 113,759 units in September 2015, Maruti Suzuki India said in a statement.

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