M&M is all set to roll out a new MPV (Multi-Utility Vehicle) to take on the Maruti Suzuki Ertiga, reported ET Now. The channel said that the new MPV is likely to be launched some time next year. M&M is also eyeing UVs in the range above the XUV 5OO. Anand Mahindra's M&M is also looking to ramp up its SUV (Sports Utility Vehicle) line-up and is planning to develop two new platforms for the same.

MUMBAI: Infosys is putting in place incentives for project managers to start monetising 'Zero Distance' programme in a bid to generate more business from clients and increase productivity of its bench. Zero Distance was one of the first initiatives started by CEO Vishal Sikka when he joined the IT company in August 2014.

The idea was to develop new ideas and improvements on every project Infosys works on to create a culture of innovation and to prove to clients the company was truly their partner, not just a vendor.

The agitated employees of the stock market regulator, Securities and Exchange Board of India (Sebi), have formally written to the Board seeking its intervention to put in place a mechanism to respond to inquiries by law enforcement agencies, such as Central Bureau of Investigation (CBI).

Sebi is, in turn, likely to seek clarity from the finance ministry on CBI's scrutiny of its staffers in various high profile cases.

Industrialist Mukesh Ambani was on Thursday named India's richest person for a ninth year in a row with a sharp increase in networth to US $22.7 billion, while Sun Pharma's Dilip Shanghvi was ranked a distant second with a wealth of US $16.9 billion.

The Hinduja Family moved up to the third position (US $15.2 billion) on the annual Forbes list of India's 100 Richest People. Wipro's Azim Premji slipped one place to fourth with a networth of US $15 billion.

HDFC Bank on Thursday said it has raised Rs 6,700 crore by issuing bonds via private placement.

"The bank has issued and allotted on September 21, 2016 on a private placement basis, senior, unsecured, redeemable, long term, non-convertible bonds in the nature of debentures amounting to Rs 6,700 crore," HDFC Bank said in a regulatory filing.

National Highways Authority of India (NHAI) on Thursday said it has awarded a Rs 249 crore project in Haryana to Gawar construction for the widening of a stretch on NH 73.

"NHAI has issued Letter of Award (LOA) to Gawar Construction for four-laning of Panchkula-Yamunanagar Section," the authority said in a statement.

Wipro Consumer Care and Lighting, the FMCG arm of Wirpo Enterprises, on Thursday announced that it has entered a definitive agreement to acquire 100 per cent shareholding in Zhongshan-based Ma Er to boost its presence in the fast growing toiletries and liquid detergent space in South China.

The deal ,which is expected to gain regulatory approvals by the end of October ,will be the company's second largest acquisition after Unza Holdings Ltd., that it acquired back in 2007 for $246 million. Wipro did not disclose the financials of the deal citing a confidentiality agreement with the seller.

Larsen & Toubro on Thursday said it has entered into a pact, valued at $99.7 million (around Rs 660 crore), with Vietnam Border Guard for design and construction of high speed patrol vessels.

"Larsen & Toubro (L&T) has signed the principle contract with Vietnam Border Guard... For design and construction of high speed patrol vessels in India as well as transfer of design and technology along with supply of equipment and material kits for construction of follow-on-vessels at a Vietnam shipyard," the company said in a BSE filing.

MUMBAI: Private lender Kotak Mahindra Bank (KMB) has launched an application 'Kotak Now' that would allow new customers to open an account in a more simpler and cost-effective manner.

This is for the first time that a domestic lender has come up with such facility where a customer can open a bank account using its application.

San Francisco: Apple Inc.’s iPhone margins have narrowed with the release of its latest smartphone line, the iPhone 7, with higher costs to provide greater storage options, a glossy black cover and more advanced displays, according to an analysis by IHS Inc.

The component analysis firm estimates that the total manufacturing cost of an entry-level iPhone 7, a model with a 4.7-inch screen and 32 GB of storage, is Rs.15,065. This compares with an updated IHS estimate of Rs.13,402 for an entry-level iPhone 6S in 2015.

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