Air India is seeing a gain in rail minister Suresh Prabhu's surge-pricing pain. The national carrier on Saturday brought out full page ads, selling unsold seats on its metro flights at Rajdhani II fares four hours before departure time.

The ad, featuring the legendary Maharaja, claimed cheaper Air India spot fares than Rajdhani flexi fares, taking potshot at Prabhu's pricing move panned by train travellers.

Welcoming the recent steps taken by the Reserve Bank to develop a vibrant corporate bond market, SBI chief Arundhati Bhattacharya said there is a need to develop a secondary market for lower-rated papers for the market as a whole to gain traction.

"The only problem that remains is the fact that this market is only open to higher-rated corporates. It is not yet accessible to people with lower ratings," she told reporters on the sidelines of a SBI Caps Securities event.

Hyundai India has silently introduced the Elite i20 with 6 airbags in the top-end trim of the hatchback in both petrol and diesel engines. The Korean car manufacturer has also launched a 4-speed automatic variant of the Magna which is priced at Rs. 9.01 lakh, ex-showroom, Delhi. The Elite i20 Asta (O) with 6 airbags carries a priced tag of Rs 7.75 lakh ex-showroom, Delhi for petrol motor, while the diesel variant is priced at Rs. 8,99 lakh, ex-showroom, Delhi.

Tata Motors today said it has launched its first product, a versatile mini-truck SuperAce, in Vietnam.

The company has launched the vehicle in the Vietnam market, a year after foraying into the South East Asian country along with its local partner TMT Motors.

ITC Ltd is hoping to cross Rs 10,000 crore mark in the food business in the next 18-24 months.

Its food business has crossed $1billion mark in 2014-15 (at the then exchange rate) by posting a revenue of Rs 6,411 crore and it was further increased to around Rs 7,200 crore.

Mumbai, Sept.8: Mahindra & Mahindra (M&M) today joined hands with Ola in yet another instance of growing tieups between car companies and cab aggregators.

The agreement covers M&M and its group companies in finance and insurance as well as Mahindra First Choice, the used car division. The Mahindras will offer an integrated package to Ola drivers who buy their cars, covering purchase, finance and insurance.

New Delhi: A key milestone in the roll-out of the goods and services tax (GST) was achieved after President Pranab Mukherjee gave his assent on Thursday to the constitution amendment bill that enables the implementation of this indirect tax reform.

So far the government has managed to close out processes within deadlines, raising expectations that GST will be rolled out on 1 April next year.

Public-sector explorer ONGC will claim compensation for natural gas worth Rs 11,000 crore being taken out by Reliance Industries (RIL) from its block in the Krishna Godavari (KG) Basin. The move is seen in the light of a report by a one-member panel of former chief justice of Delhi High court A P Shah, which said, “Government of India, and not ONGC, is entitled to claim restitution from RIL.”

The shares of Yes Bank plunged over 6% on Friday even after the company put off its plans to raise nearly $1 billion through QIP.

YES Bank had launched a QIP issue to raise $1 billion but deferred it soon after as its shares tanked over 5% on Thursday. The Bank said that a misintepretation of the new QIP guidelines led to a massive sell-off of its shares.

Markets were down as profit taking emerged in rate sensitive shares after sharp gains in the previous session which lifted the benchmarks to 18-month highs. Further, IT stocks staged a recovery in noon trades after weakness in early deals.

At 12:45pm, the S&P BSE Sensex was down by 221 points at 28,825 and the Nifty50 slipped 69 points at 8,884. In the broader markets, BSE Midcap and the Smallcap indices eased between 0.3%-0.6% each. Market breadth was weak with 1485 losers and 968 gainers on the BSE.

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