The Oil Marketing Companies (OMCs) have increased prices of petrol by 83 paise per liter and dieael rates by Rs 1.26 per liter in order to align the domestic rates of the automobile fuels with global prices.

Post the change, effective today, petrol will be priced at Rs 63.02 per liter while a liter of diesel will cost Rs 51.67 per liter in Delhi, including state taxes.

Indian shares edged down on Monday, heading for their second session of declines, as state-run lenders such as Bank of Baroda slumped after a surge in provisions led to quarterly losses.

Global market sentiment was subdued in the wake of soft Chinese indicators, which have added to doubts about whether the world's second-largest economy is stabilising.

Mumbai: Bank of Baroda shares slumped the most since November after the Indian lender reported a surprise quarterly loss and its chief executive officer flagged an increase in bad loans over the coming months.

Shares of the nation’s second-largest state bank sank as much as 9.7% to Rs.139.80 apiece, before closing 8.36% lower at Rs.142 apiece.

BENGALURU: Infosys has entered a new era of remuneration for senior leadership after promoters hung up their boots to make way for a professional CEO. In doing so, the company has stepped out of the shadows of its founder N R Narayana Murthy's philosophy of compassionate capitalism which hailed the spirit of social equity.

Vishal Sikka , the first non-founder CEO brought in to put Infosys back on track, has lifted the fortunes of Infosys, which struggled to grow till two years back.

New Delhi: Hyundai Motor Co. will not need to build new factories in India as local car sales are unlikely to grow faster than 10% annually over the next five years.

“Double digit is not possible. It is not easy. But I am not pessimistic, I am very positive about the market, but it will not be a six million market (by 2021),” Y.K. Koo, managing director and chief executive of Hyundai Motor India Ltd said in an interview on Saturday. “I am expecting the market to grow by 5-7% every year.”

KOLKATA: Even as the emphasis is shifting towards digital banking channels, high street Indian private sector lenders such as HDFC Bank and Yes Bank, among others are accelerating their branch expansion plans to consolidate their presence at the grassroots before small finance banks dot the local banking landscape and new entities plan their universal banking foray.

Amid concerns over companies refusing to share extra profit with investors, regulator Sebi has readied a new regulation mandating listed firms to put in place a 'dividend distribution policy'.

The new regulatory framework will be applicable to the top 500 listed companies based on their market valuation initially and would be later expanded to others.

Tamil Nadu Chief Minister Jayalalithaa on Monday casted her vote while, exuding positivity and said the coming two days will unravel judgment of people of the state.

"In two days you will know what peoples judgment is," said Jayalailthaa at Chennai's Stella Maris College.

Bharat Heavy Electricals Limited (BHEL) on May 14, 2016 commissioned a 660 MW supercritical thermal unit at Mouda Super Thermal Power Station (STPS) at Mouda in Nagpur district of Maharashtra. The order for setting up two coal-based thermal units of 660 MW was placed with BHEL by NTPC Ltd.

While the first unit has been commissioned, work on the other 660 MW unit is also in an advanced stage. Notably, BHEL has earlier set up two units of 500 MW each at Mouda STPS, which are in operation.

Almost after a year of no food product being pulled out of the market, the regulator has decided to bring a comprehensive recall policy this financial year.

The last big food recall was in June 2015, of Nestle India's Maggi noodles. The Food Safety and Standards Authority of India (FSSAI) had ordered the removal on reports that it contained traces of lead and monosodium glutamate. Subsequent lab tests cleared Maggi and the product is now back on retail shelves.

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