ITC has rallied nearly 6% to Rs 260 (adjusted to bonus), also its fresh 52-week high on the National Stock Exchange (NSE) in early morning trade. The stock was traded ex-bonus (1:2) on Friday.

The board of directors of the company at its meeting held on May 20, 2016, had recommended the issue of bonus shares in the proportion of 1 (one) bonus share of Rs 1 each for every existing 2 (two) fully paid-up ordinary shares of Rs 1 each.

Maruti Suzuki, the country’s largest car maker, has seen its first double digit monthly sales decline in recent history as it lost production due to disruption in component supply and a maintenance shutdown. The company’s sales in the domestic market slipped 10.2% in June, while exports saw a deeper cut of 45%. The impact of decline in Maruti’s domestic sales will reflect in the overall industry’s performance during June as the Delhi-based company enjoys a 48% market share.

Nasscom, the information technology sector’s apex association, proposed on Thursday to form an empowered group to address policy issues impacting this and the e-commerce segments, such as the proposed goods and services tax (GST).

If this isn't done, it said, the government's entire Digital India programme would halt.

New Delhi: As the election commission prepares to hear the 21 Aam Aadmi Party (AAP) MLAs appointed as parliamentary secretaries on a plea for disqualifying them for holding office of profit, it has sought details from the Delhi government on the facilities being provided to them and their nature of work.

In a letter to the Delhi chief secretary, the commission has sought details of the facilities being provided to them as parliamentary secretaries. It has also asked for information on the nature of the work as parliamentary secretary.

7th Pay Commission recommendations have been given an approval by the Narendra Modi government, and that means that over 1 crore government employees are now going to find themselves with lump sum cash, given the arrears that will be doled out. Additionally, with increased monthly salary, the disposable income will go up.

Where should they (government employees and pensioners) invest this in-hand surplus? It all depends on the time-frame that is being eyed, says Naveen Kukreja, CEO & Co-founder of Paisabazaar.com.

HDFC Bank today launched SM@Bank, touted as India's full fledged banking service for small and medium enterprises (SME). The new entity would allow clients access full bouquet of services instantly on 24x7 basis over personal computers or mobile phones.

The existing brick-and-mortar service format for the SMEs would coexist with SM@Bank and it would be the sole discretion of customers to choose between the two formats, HDFC Bank Group Head (Business Banking) Aseem Dhru told Business Standard over a video-conference call.

Money held by Indians in Swiss banks has fallen by nearly one-third to a record low of 1.2 billion franc (about Rs 8,392 crore) amid a continuing global clampdown on the famed secrecy wall of Switzerland's banking system.

The funds held by Indians with banks in Switzerland fell by CHF 596.42 million to CHF 1,217.6 million at the end of 2015, as per the latest data released today by the country's central banking authority SNB (Swiss National Bank).

National Highways Authority of India (NHAI) has received environment clearance for updgrading the 146-km long carriageway of Kanpur (Chakeri) to Allahabad section of NH-2 in Uttar Pradesh at a cost of Rs 1,246 crore.

"Based on the recommendation of the Expert Appraisal Committee, the Environment Ministry yesterday gave environment clearance to the NHAI's proposal 'Rehabilitation and Upgradation of existing carriageway of Kanpur (Chakeri) to Allahabad section of NH-2'," a senior government official said.

Mumbai, June 29: The State Bank of India today said it would raise long-term capital of up to $1.5 billion (over Rs 10,000 crore) by issuing bonds in dollar or other convertible currencies.

The decision was taken by the executive committee of the bank today.

New Delhi: Air India Ltd’s chairman and managing director Ashwani Lohani has hit out at the previous government, saying it left the state-owned airline in a mess led by a botched merger and billions of dollars in aircraft debt.

Air India, the international arm, and Indian Airlines which flew mostly domestic routes were merged by the United Progressive Alliance government in 2007 under a single banner, Air India Ltd.

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