Hinduja Group flagship Ashok Leyland today reported a 6 per cent decline in total sales at 10,897 units in August 2016.

The company had sold 11,544 units in August last year. Sales of heavy and medium commercial vehicles declined by 8 per cent to 8,201 units last month as against 8,903 units in the year-ago period, the company said in a statement.

Reliance Industries (RIL) in its 42nd Annual General Meeting announced the much-awaited launch of Reliance Jio on September 5. Chairman Mukesh Ambani announced the there will be no charges on voice calls and roaming within India will remain free for customers. He further declared cheaper data tariffs for Jio customers.

Stocks of Bharti Airtel, Idea Cellular and Reliance Communication came under pressure after Reliance Industries chairman Mukesh Ambani elaborated on the features related to free voice calls and cheaper data rates for its telecom venture Reliance Jio. While addressing the company’s 42nd annual general meeting (AGM), Ambani said, “Jio’s pricing is about solving customers’ pain points and customer should pay only for one service – voice or data.”

Reliance Jio 4G launch: Mukesh Ambani announced special tariff plans that will bring cheer for students. “Any student who has a valid ID car will get the benefit of 25% more data on Jio’s main tariff plans,” Ambani said. “Data should never be unaffordable for anyone. Reliance Jio will move India from data shortage to data abundance,” he promised. “Every snartphone in India will soon support 4G LTE. Jio’s network covers 18,000 Cities & 2 lakh villages,” he added.

Country's largest carmaker Maruti Suzuki India (MSI) on Thursday posted a 12.2 per cent rise in total sales in August at 1,32,211 units as against 1,17,864 units in the same month a year ago.

The company's domestic sales for the month stood at 1,19,931 units, up 12.3 per cent from 1,06,781 units in August 2015.

Bharat Petroleum Corporation (BPCL)’s net profit for the April-June 2016 quarter rose 11 per cent to Rs 2,620.5 crore, year-on-year, even as the state-run firm’s total income from operations fell three per cent to Rs 57,016 crore from Rs 58,768 crore a year ago. Total expenses for the quarter under review also fell four per cent to Rs 53,528 crore from Rs 55,553 crore in the year-ago quarter.

Indian Oil Corp (IOC) will continue importing at least two liquefied natural gas (LNG) cargoes a month after the expansion of the Dahej import terminal on India's west coast, a top company executive said.

Terminal operator Petronet, which is also India's biggest single LNG importer, expanded the Dahej plant's import capacity by 50 per cent to 15 million tonnes a year.

The benchmark BSE Sensex continued its upward streak for a second day on the back of strong cues from the global stock markets.

On Wedesnday morning, the 30-share index was above the 28,000-level, a breached on Tuesday. In early trade, the Sensex was at 28,446.09, up 103.08 points or 0.36% from previous day's close.

Bengaluru: Vishal Sikka’s attempt to change the decades-long perception of Infosys Ltd as a company that merely offers engineers to perform mundane technology work for large conglomerates to that of a true innovator is going to take a while longer.

The first non-founder boss of the country’s second largest software services company is unhappy with the pace of taking on work in disruptive areas such as artificial intelligence (AI) and open-source technologies.

HDFC Bank expects economic growth in the country to slow down marginally to 7.6% in April - June quarter, compared to the 7.9% growth posted in the same period last year.

In terms of gross value added (GVA) calculation, HDFC Bank said it has pencilled a growth of 7.2% compared to 7.4% in the year-ago period.

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