Maruti Suzuki’s spares and accessories segment is growing at a significantly higher rate than car sales. The country’s largest carmaker’s domestic volumes grew around 11 per cent last year. But its auto parts segment posted a strong growth of 19 per cent. This has become a revenue-spinner for the company, earning ~5,571 crore in FY16. Nearly one-tenth of the company’s revenue of Rs 58,208 crore last year came from spares and accessories.

The combined carrier of Reliance Communications (RCom) and Aircel is looking at raising $1 billion from foreign financial investors, even as it looks to create a war chest for expansion - mainly in data-led opportunities.

The Anil Ambani-owned RCom and Aircel had, on Wednesday, announced the merger of their wireless business to create the country’s fourth-largest telecom operator. The merger is likely to be consummated by the first half of 2017.

NEW DELHI: Telecom regulator Trai has decided to reject the demand of incumbent mobile operators such as Bharti Airtel, Vodafone and Idea Cellular for an increase in the fee that they charge from Reliance Jio to terminate its calls on their networks.

The regulator has also asked the incumbent operators to provide "requisite number" of interconnect points to Jio "at the earliest" and ensure that consumers are not put at an inconvenience due to lack of connectivity, sources told TOI.

It seems that Suresh Prabhu-led Indian Railways’ scheme to offer insurance cover for rail yatris has become a big hit among passengers. Railway Minister Suresh Prabhu today tweeted, “No. of people opting for new insurance scheme crossed 4 million mark. Scheme a great success! One among many passenger friendly initiatives.” Prabhu had during his Railway Budget 2016 announced that Railways will provide the facility of optional travel insurance at the time of booking.

Coal India reported 14.78 per cent decline in consolidated net profit at Rs 3065.28 crore for the quarter ended June 30, 2016 against Rs 3596.93 crore in the same quarter last year. Consolidated total income from operations of the company also slipped by 5.62 per cent to Rs 18,421.87 crore for the quarter under review against Rs 19,518.08 crore in the same quarter last year.

The Central Board of Direct Taxes (CBDT) said assessees taking advantage of the Direct Tax Dispute Resolution Scheme, 2016, will be required to pay the taxes within the stipulated period to avail the relief under the scheme.

"The tax payable under the scheme should be paid to the credit of the government on or before the due date as specified in the scheme. The assessees are advised to pay the tax well on time so as to avail the relief under the scheme," Central Board of Direct Taxes (CBDT) said in an FAQ.

Hyundai Motor India on Tuesday launched an automatic variant of its premium hatchback Elite i20 priced at Rs 9.01 lakh (ex-showroom Delhi).

The new variant comes with 1.4 litre petrol engine with four speed automatic transmission besides additional safety features like six airbags, speed sensing auto door lock and height adjustable front seat belts.

Dr Reddy's Laboratories Limited has been listed as an index component of the Dow Jones Sustainability Indices (DJSI) 2016 in the Pharmaceuticals, Biotechnology and Life Sciences Industry Group.

The company was recognised for its corporate sustainability leadership and is the only pharmaceutical company in the Index of Emerging Markets.

New York: India’s top women bankers, State Bank of India chief Arundhati Bhattacharya, ICICI Bank head Chanda Kochhar and Axis Bank CEO Shikha Sharma, are among the 50 most powerful women based outside the US, according to a list by Fortune which is topped by Banco Santander’s boss Ana Botín.

Bhattacharya, 60, is ranked second on the list, while Kochhar comes in on the fifth spot and Sharma on the 19th position in the Fortune’s ‘50 Most Powerful Women International’ list, which has ranked the women based outside the US.

In the past five years, ITC's assets have grown 72 per cent to Rs 24,000 crore in tandem with its growth plans.

ITC's gross block of assets as of March 2016 stood at Rs 24,338 crore compared to Rs 14,099 crore as of March 2011; net fixed assets have grown from Rs 9,678 crore to Rs 16,700 crore.

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