NEW DELHI: Korean auto major Hyundai today launched the all new Elantra priced upwards of Rs 12.99 lakh (ex-showroom, Delhi).

While the petrol variants are priced between Rs 12.99 lakh and Rs 17.99 lakh, the diesel variants are tagged between Rs 14.79 lakh and Rs 19.19 lakh.

The National Stock Exchange is following the steps of the BSE, and moving towards launching an IPO to list its shares.

In a press release from the stock exchange, the bourse said, that the NSE Board had held a meeting on August 22, to appoint investment bankers for its IPO.

Boeing's fuel-efficient 787 aircraft has helped government-owned Air India (AI) achieve operating profit, said Dinesh Keskar, the plane maker's senior vice-president (sales) for the Asia-Pacific.

“The 787 aircraft is a key part of AI's turnaround strategy. It has been able to lower its loss and enhance profitability, owing to fuel savings and reduced maintenance cost offered by the aircraft,” Keskar said on the sidelines of an Indo-American Chamber of Commerce event.

Tech giant Microsoft has acquired artificial intelligence (AI)-based scheduling service Genee that simplifies the scheduling and rescheduling of large group meetings for companies.

Microsoft will integrate the AI technology into Office 365 before shutting down Genee.

Reliance Industries, India’s largest conglomerate, has asked its 40,000-plus employees to stop using phones connections of existing operators, like Airtel and Vodafone, and instead switch to its own high-speed 4G Jio.

RIL has asked employees to port their existing phone numbers to Jio, a move that may open another front with the existing operators, who have been up in arms against the Mukesh Ambani-led firm’s prolonged beta testing.

State-owned NTPC on Monday reported 4% rise in standalone net profit to Rs 2,369.53 crore for the first quarter due to increased power generation and better utilisation of coal-based plants.

The company's standalone net profit in the quarter ended June 30, 2015, was Rs 2,276.50 crore, NTPC said in a BSE filing.

Mumbai: HDFC Bank Ltd, an Indian lender whose earnings have risen by at least 20% every year since 1998, is seeking to bolster its share of the nation’s corporate-loan market as surging bad debts hold back rivals.

The lowest nonperforming-loan ratio among the biggest Indian lenders and the highest market capitalization is allowing HDFC Bank to invest in operations and extend more credit, as counterparts including State Bank of India and ICICI Bank Ltd combat soured debt.

Government department, embassies, consulates and UN bodies will be among those exempted from the levy of 1 per cent tax collection at source (TCS) on cash purchases of above Rs 2 lakh, CBDT said today.

The government has introduced 1 per cent TCS on purchase of goods and services in cash exceeding Rs 2 lakh with effect from June 1.

MUMBAI:SBI chairman Arundhati Bhattacharya has dismissed speculation that there could be a bubble in retail loan segment. She said speaking at a seminar that retail loans is still less than 10% of the country's GDP, which is far lower than other developing countries, hence there is more room to grow.

The domestic stock markets have opened nearly flat from their Friday closes in the first trading session after the next Reserve Bank of India Governor was announced.

The 30-share benchmark BSE Sensex opened at 28,129.33, up 52.33 points or 0.19% higher from its Friday's close. The index had closed the week at 28,088.07, up 11.07 points or 0.04% higher.

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