Automobile major Maruti Suzuki’s national foray into the light commercial vehicle (LCV) segment will have to wait for the next financial year, as the company is limiting its newly founded LCV arm to pilot testing in five states in the current financial year.

The company is currently piloting this vehicle in Punjab, Gujarat and West Bengal and it plans to introduce the vehicle in Rajasthan and Haryana. The passenger cars major plans to open about 50 showrooms for the new commercial vehicle, Super Carry, which it plans to scale up depending on the response from the market.

Tech giant Microsoft and large equipment manufacturer Liebherr are collaborating on a new generation of smart refrigerators that would help in shopping and planning meals with intelligent food management.

"As part of the Liebherr household appliances division's digital initiative, the duo would develop 'SmartDeviceBox', a communication module which fits into refrigerators and freezers, connecting them to the internet," T J Hazen, Principal Data Scientist Manager at Microsoft, wrote.

Mumbai: The rupee on Friday strengthened for the fourth consecutive session and hit a two-week high against the US dollar after foreign institutional investors (FIIs) continued to buy in local equity markets. Traders are cautious ahead of the US payroll data due later on Friday.

The home currency closed at 66.83 per dollar—a level last seen on 18 August, up 0.2% from its previous close of 66.96. The rupee opened at 66.83 per dollar and touched a high of 66.81, a level last seen on 18 August.

Bengaluru: Shares closed higher on Friday, with the benchmark BSE Sensex recording its biggest weekly gain in nine weeks, as strong August sales data of companies such as Hero MotoCorp Ltd and Tata Motors Ltd lifted investor sentiments.

The NSE Nifty gained 2.36% in the week, its biggest gain in seven weeks, and closed up 0.4 percent at 8,809.65.

After Reliance created a stir in the telecom world with its aggressive data service tariff plans, priced as low as around Rs 50 for each GB, state-owned BSNL has made an offer of less than Re 1 per GB. BSNL from September 9, will put on offer “unlimited” wireline broadband priced at a monthly pack of Rs 249. The company issued a statement in which it said, “BSNL is going to launch a very cost-effective and affordable promotional unlimited Broadband plan Experience Unlimited BB 249 from September 9, 2016.”

NEW DELHI: Reliance Jio Infocomm's move to offer free voice calls and cheap data will force telcos to review their strategy for the upcoming auctions, say experts.

While there will be a temptation to bid conservatively to preserve cash for the inevitable price war triggered by Jio's aggressive tariff plans, analysts say Idea Cellular and Vodafone India will have no choice but to bid aggressively for 4G data airwaves, if they are to compete with Jio, in the upcoming auctions scheduled to take place next month.

NEW DELHI: India's largest real estate firm DLF has sold its seven remaining cinema screens in Delhi—six in Saket and one in Greater Kailash 2—under its cinema exhibition business to Mexican movie theatre chain Cinepolis for Rs 63.67 crore.

The company had earlier sold 32 screens to PVR for Rs 433 crore after the Competition Commission of India gave its nod to the deal. The competition watchdog had, however, asked the firm to exclude seven screens from the transaction to deal with anti-competitive concerns.

NEW DELHI: Air India is likely to enjoy acche din, as its low-cost international subsidiary Air India Express has turned the corner by reporting net profits for the first time since it started operations in April 2005.

The airline reported a profit of Rs 362 crore during the 2015-16 fiscal, helped by lower fuel prices and improved revenues over the past year on the back of flying more people per flight. The airline had incurred losses of Rs 62 crore during the 2014-15 fiscal.

Indian Oil Corporation (IOC) has submitted its bid to enter fuel marketing and retail business in Myanmar.

The state-run firm currently has marketing subsidiaries in Sri Lanka, Mauritius and West Asia. IOC, as part of its overseas expansion, is set to come up with its first international product pipeline to Nepal.

The Securities and Exchange Board of India (Sebi) has tightened the loopholes in the existing spot price polling systems of agri commodities to bring transparency into the system and fix accountability on the exchange or the panellist, effective September 29.

The price polling assumes significance, as the same is used for settlement of contract on the expiry of the respective commodities.

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