NEW DELHI: Mahindra has introduced its 1.99-litre motor with a 6-speed automatic transmission. The same engine was launched earlier this year to get around the diesel ban in the NCR (National Capital Region). The homegrown manufacturer introduced the motor with the manual transmission only in the XUV500 and the Scorpio. However, the automatic transmission is not introduced in the Scorpio, but it too is expected to feature the gearbox in the near future.

ITC Ltd, using its wide distribution network, is working on two sales strategies with an aim to expand its packaged food business.

In a bid to widen its product offerings in the mass-market segment, the tobacco-to-hotels conglomerate is launching products that are relevant to a particular town, state or community with a potential to grow it nationwide over time.

Coal India shares over 2 per cent on Friday after Centre on Thursday asked state-owned power generation firms to immediately stop imports of the fuel and instead buy coal from the company.

At 2.56 pm, shares of the company were trading 1.79 per cent at Rs 312.70. The scrip opened at Rs 308.90 and has touched a high and low of Rs 314.35 and Rs 308.10, respectively in trade so far. Sensex was trading 47.73 points up at 26,573.19.

Technology giant Microsoft has acquired a messaging-app developer founded by an Indian as the US-based software firm aims to strengthen its position in the emerging era of combining the power of human language with advanced machine intelligence.

Microsoft acquired California-based Wand Labs, a start-up which builds messaging technology for apps, founded in 2013 by IIT-Delhi alumnus Vishal Sharma who was previously the vice president, products at Google.

Government today exhorted the country's second largest car maker, Hyundai Motor India, to set up its third manufacturing plant here without hesitation as steps are being taken by the Centre to improve business environment and push manufacturing.

Commerce and Industry Minister Nirmala Sitharaman said it is, however, up to the company to decide on the plant's location.

Markets regulator Securities and Exchange Board of India (Sebi) has confirmed its interim order banning 112 entities for tax evasion and money laundering besides misusing stock exchange mechanism, while a detailed investigation is on against several others.

The regulator, via an interim order dated March 29, 2016, had barred 246 entities, including the above 112, from markets after they were found to have indulged in a web of "make-believe" trades to jack up share prices and entrap gullible investors.

GMR Infrastructure today denied selling controlling stake in Hyderabad Airport but added that it is exploring opportunities to raise funds.

"We completely deny sale of controlling stake in Hyderabad Airport..We wish to submit that GMR Group has been continuously exploring opportunities to raise necessary funds for the group," GMR Infrastructure said in a clarification to the BSE.

Larsen & Toubro today said its wholly-owned subsidiary L&T Hydrocarbon Engineering has bagged orders worth Rs 1,170 crore across business verticals.

"L&T Hydrocarbon Engineering Ltd has won orders worth Rs 1,170 crore across its various business verticals," the engineering and construction major said in a BSE filing.

New Delhi: Four months after taking charge of Tata Motors Ltd, Guenter Butschek is preparing to introduce several changes at India’s largest auto maker that will realign verticals such as production, supply, research and development and human resources, in an attempt to remove operational bottlenecks. Currently, these verticals function independently and report directly to the managing director, resulting in a lack of coordination at Tata Motors. The company has often been found wanting at processing demand for its vehicles in the market.

Rating agency Fitch has affirmed 'BBB-' rating to NTPC, indicating a low default risk on debt.

"Fitch Ratings has affirmed NTPC Limited's long-term issuer default rating at BBB-. The outlook is stable," the agency said in a statement.

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