NEW DELHI: Utility vehicle major Mahindra & Mahindra today launched a more powerful variant of its compact SUV TUV300 priced at Rs 8.87 lakh (ex-showroom, Mumbai).

The new variant, which comes with all new mHAWK 100 engine, delivers a power of 100 BHP and will be available in the top-end variants of T8 and T8 AMT trims of the TUV300.

MUMBAI: Reliance Industries has started handing out increments and bonuses to its 20,000 employees with junior & middle managers receiving raises of 8-10%. Letters were issued to these employees on Friday, while senior managers will receive theirs along with variable pay this week.

RIL had reported a net profit of Rs 7,398 crore in the March quarter, the highest in eight years. It paid 100% of variable pay or annual cash bonus (ACB) to junior and middle managers.

Google today announced the second class of Indian start-ups that will join the Launchpad Accelerator program at Google Headquarters in the heart of Silicon Valley, California. The six nominees will join the second class on June 13, 2016.

These start-ups will join 18 other promising start-ups from Brazil, Indonesia and Mexico. The two-week boot camp will start by determining each start-up’s critical challenges, and then deploy precise mentorship, actionable solutions, and Google resources that enables their product/app to scale

Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble -- Warren Buffet

Life Insurance Corporation of India (LIC) seems to have put this in practice in the March 2016 quarter. It used the market volatility during this period to hike its stake in frontline companies from the S&P BSE Sensex, including Housing Development Finance Corporation (HDFC), HDFC Bank, Tata Motors, Tata Consultancy Services (TCS) and Maruti Suzuki India.

Bengaluru: Infosys Ltd, India’s second largest information technology (IT) company, plans to bundle services offered by its business process outsourcing (BPO) subsidiary with its own in an attempt to revive growth in the latter.

“So, the way it will work is that many of the service offerings of the BPO can work across all service lines,” said an executive who declined to be named.

IT major Wipro on Wednesday announced a strategic partnership with software vendor Etiya to enable communication service providers deliver digital services.

The joint solution, offered by Etiya and Wipro, offers communication service providers capabilities to deliver digital services that addresses the requirements of the future market and customer expectations, a company release said.

Markets regulator Securities and Exchange Board of India (Sebi) has prohibited Aspen Projects India and its seven directors from selling various movable and immovable properties, as part of its efforts to recover Rs 39 crore dues.

After finding the company and its directors illegally raising funds from the public, the watchdog had earlier asked them to refund the money.

TVS Motor Company, one of India's leading two wheeler manufacturers, has rolled out a special TVS Scooty Zest 110 'Himalayan Highs' edition'. The company said that this is to commemorate TVS Scooty Zest 110's ride to Khardung La Pass by a female rider, Anam Hashim.

With this feat, TVS Scooty Zest 110 has earned a place in the India Book of Records for being the first 110 cc Scooter to reach Khardung La in the Himalayas, said the company in a statement.

Following the footsteps of Nissan, Mahindra and other original equipment manufacturers (OEMs), Ford Motor is planning to set up a new global technology and business centre in Chennai. It would be spread across 28 acres housing a R&D and product testing centre. The firm has invested around $2 billion in India.

While industry sources said the investment would be around Rs 2,500 crore, Ford's spokesperson refused to share details.

Drought in 10 states is estimated to impact the economy by at least Rs 6.5 lakh crore, with 330 million people across 256 districts facing a grim situation, an Assocham study has revealed.

Two consecutive years of poor monsoon, water shortage in reservoirs as well as lowering of groundwater table have created challenges to drought-affected areas in 10 states, the study said.

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