Private sector lender Yes Bank on Wednesday said it will spend Rs 250 crore towards livelihood and water security and environment sustainability over four years.

The fund would be spend on these key focus areas by 2020 through its focused and intensified Corporate social responsibility (CSR) actions, Yes Bank said in a statement.

India's third largest two-wheeler company TVS Motor has set a 12% market share and a 2% growth target by the end of this year. The company is planning to launch one new product in scooter category, besides the special edition of Jupiter brand it has launched.

Aniruddha Haldar, Vice President Marketing, TVS Motor Company said TVS Jupiter has become fastest scooter to achieve one million mark. TVS Jupiter is the second largest scooter brand in the country after Honda Activa. According to the company, the 110cc scooter is the fastest product in the scooter category to reach this landmark in just 30 months since its launch in 2014.

Mumbai: India’s benchmark indices jumped to their highest close in more than seven months on Tuesday, in line with gains in world equities, after Federal Reserve chair Janet Yellen reiterated her faith in US growth while indicating that interest rates won’t be prematurely raised.

Also on Tuesday, the Reserve Bank of India (RBI) left key interest rates unchanged at its bi-monthly monetary policy review, in line with market expectations, and said its monetary policy will remain accommodative.

State-owned IOC, BPCL and HPCL have struck a temporary deal with Reliance Industries and Essar Oil to resume buying petrol and diesel from private refiners on revised terms.

Short of own production, state refiners Indian Oil Corp (IOC), Hindustan Petroleum Corp (HPCL) and Bharat Petroleum Corp (BPCL) buy about 12 million tonnes of diesel annually from Jamnagar refineries of RIL and the Vadinar unit of Essar.

Maruti Suzuki is understood to have told its suppliers last month to ramp up the production of the components used by it as it expects volumes to increase substantially in the next five years and beyond.

Two months back, the company held a suppliers’ conference in Thailand where it unveiled a presentation of its future product plan and the road map to achieve 2 million vehicle sales by 2020, a supplier who attended the meet told FE.

The Debt Recovery Tribunal (DRT) in Bengaluru advised the State Bank of India (SBI) to explore adjusting Rs 2,000 crore deposited by Vijay Mallya in the Karnataka High Court against unpaid loans by the liquor baron and his companies taken to run the defunct Kingfisher Airlines.

The DRT Presiding Officer C R Benakanahalli made an oral comment that the counsels of SBI, who is representing a consortium of banks, that the adjustment of dues would bring down the liabilities for the banks and also reduce interest.

Government-run NTPC on Monday said that its capacity expansion plans combined with relatively smaller cash reserve at the end of last fiscal wouldn’t allow it to buy back shares this fiscal. The company added that it hasn’t received any communication from the government regarding the same.

“The condition for share buyback is ideal only when you have sufficient cash reserves or you do not have any capex plan but we have about 24,000 MW of projects under construction, which require R1,00,000 crore of capital expenditure,” Kulamani Biswal, director finance, NTPC said while ruling out share buyback in the near future.

In a major change of stand, Reliance Industries Limited (RIL) has withdrawn an arbitration slapped on January 14, 2015 against the petroleum ministry seeking damages for 81% contract area being taken away in its deepwater block KG-D6. The private explorer had said that the area being taken away includes five discoveries estimated to hold nearly a trillion cubic feet of natural gas.

After the strong Q3, we had expected Hindustan Petroleum (HPCL)’s Q4 to be stronger. HPCL reported stronger than our expectations and beat our earnings estimates for both refining and marketing. Q4 EBITDA of `25.9 billion (+19% q-o-q) was 10% ahead of our estimate. Refining GRM was $7.5/bbl, vs our estimate of 5.8/bbl. The discount to Singapore complex margin remains very low at -$0.3/bbl (-$0.1/bbl in Q3).

Reliance Communications (RCom), the country’s fourth largest telecom operator, which has been looking to create a 50:50 joint venture with Aircel promoted by Maxis Communications, expects to close out the deal by the end of June.

The new entity, a senior executive observed, should kick off operations with revenues of around Rs 25,000 crore.

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