The Indian Railway Catering and Tourism Corporation's (IRCTC) ambitious plans to make its packaged drinking water brand Rail Neer as one of the dominant players on Indian Railways seems to have paid off. The 17th annual general report of IRCTC, presented at the company's general meeting held on Tuesday highlighted a 46% rise income from Rail Neer for IRCTC.

The fight over advertisement between Air India and IndiGo has reached the civil aviation ministry, with top ministry officials asking both the airlines to not indulge in mudslinging and remove the hoardings targeted at each other. However, the 'ceasefire' did not last long with IndiGo putting an advertisement display on Friday at city's Chhatrapati Shivaji International Airport (CSIA).

Maruti Suzuki, the country’s biggest car maker, has reported its best ever monthly sales in September, growing over 29 per cent in the domestic market as dealers stock vehicles for deliveries in the festive season beginning on Saturday. Maruti’s growth will drive the industry to a strong double digit growth in September.

The company, which enjoys a 47 per cent share in the Indian market, sold 137,277 vehicles last month against 106,083 units in the same month last year. All segments of the company have grown by double digits, though the bulk of the growth has come from its utility vehicle segment which includes its latest product, Brezza.

A promoter of telecom operator Reliance Communications has pledged 7 crore shares valued at around Rs 300 crore with L&T Finance Limited on September 28.

Reliance Wind Turbine Installators Industries Private Limited, which holds 12.05 per cent in RCom, has pledged 7 crore shares to L&T Finance Limited, as per a BSE Filing.

Bajaj Auto workers at Chakan and Akurdi will go on a one-day hunger strike on Sunday, October 2, to to demand faster settlement of the wage issue and reinstatement of eight dismissed workers after the previous round of wage negotiations.

Vishwa Kalayan Kamgar Sanghatana, the union of workers in Bajaj Auto Limited’s Chakan and Akurdi plants, said in a press release that wage agreement talks for April 2016 to March 2019 period have been going on for the last six months and negotiations for the new agreement have not been successful.

Microsoft said on Thursday that it was reorganising part of the company to better position itself as one of the significant players in the emerging field of artificial intelligence.

The company has created a new organisation that combines its research group, one of the largest in the technology industry, and a number of products that rely on artificial intelligence, including its Bing search engine and Cortana virtual assistant. The new artificial intelligence and research group at Microsoft will have more than 5,000 employees.

The government will seek compensation from the Mukesh Ambani-promoted Reliance Industries (RIL) for producing natural gas that migrated from an adjoining block of Oil and Natural Gas Corporation.

Besides, the petroleum ministry will conduct an internal inquiry into any lapses by the state-owned company.

State-owned NTPC today announced the listing of its Rs 2,000 crore Green Masala Bonds at Singapore Stock Exchange.

“NTPC has become the flag bearer for Rupee denominated Indian paper bringing in a new set of investors to meet the financing needs of the Indian Infrastructure sector on listing of INR 2000 Crore Green Masala Bonds at Singapore Stock Exchange,” the company said in a statement.

Private sector lender Yes Bank plans to raise up to Rs 2,500 crore by issuing long-term bonds on a private placement basis.

"The bank proposes to raise funds by issuing senior unsecured listed rated redeemable long-term bonds in the form of debentures amounting to Rs 1,000 crore, with a green shoe option for an additional amount up to Rs 1,500 crore on a private placement basis," it said in a regulatory filing.

MUMBAI: Market benchmark Sensex surged over 181 points and the NSE Nifty reclaimed the 8,800-mark on Thursday after global markets cheered a surprise deal by OPEC to cut oil production for the first time in eight years.

Short-covering of bets with Thursday being the last session of September expiry in the derivatives segment kept the momentum on.

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