TVS Motor Company was trading higher by nearly 3% at Rs 313, extending its previous day’s 6% rally on the BSE, on back of heavy volumes.

The stock of two-three wheeler maker hit 52-week high of Rs 315 on the BSE in intra-day trade today. It quoting nears to its lifetime high of Rs 322 touched on January 19, 2015.

Consumers who bought the 1.6-litre variant of Maruti Suzuki’s premium crossover, the S-Cross, will get a refund of up to Rs 90,000 from the company. Over and above this, they will also get an extended warranty. Buyers of the 1.3-litre variant will just get the extended warranty. Maruti slashed the price of the model by up to Rs 2.05 lakh with effect from January, so the company wants to offer the refund to buyers who had purchased the car before that as “a token of gratitude”.

The exact extent of the refund will depend on what kind of discounts were offered to consumers who bought this variant of the S-Cross before January 1, 2016.

The rupee depreciated 11 paise to 66.64 against the US currency in early trade today due to higher demand for the dollar from importers amid a lower opening in the domestic equity market.

The rupee had closed 3 paise lower at 66.53 against the dollar at the Interbank Foreign Exchange yesterday on fag-end demand for the American currency.

New Delhi: The department of telecom (DoT) is unlikely to auction the entire spectrum in 700 Mhz as it feels telecom operators may not bid aggressively for the band due to high reserve price.

Also, a DoT committee has found some anomalies regarding the base price suggested by regulator Trai, which requires further clarification.

NEW DELHI: Gold prices declined by Rs 84 to Rs 29,325 per 10 grams due to speculative selling after weak global cues.

At the Multi Commodity Exchange, gold for delivery in far-month June shed Rs 84, or 0.29 per cent, to Rs 29,325 per ten grams in a business turnover of 52 lots.

The Securities and Exchange Board of India or Sebi may get additional powers to regulate money-pooling activities that currently do not come under any other financial sector regulator and those where states have limited powers to act, said three people familiar with the development.

The government is in advanced stages of drafting a new legislation to this effect, confirmed the people cited above, requesting anonymity.

The benchmark BSE Sensex regained the 25,000-mark by surging over 145 points in early session on Monday, mostly driven by widespread buying by investors as well as foreign funds amid firm Asian cues.

The 30-share index surged 145.45 points, or 0.58 per cent, to 25,098.19 points with all sectoral indices led by consumer durables, FMCG, banking and realty, trading in the positive zone, rising by up to 1.65 per cent.

Prime Minister Narendra Modi on Monday said that there would be no dilution in the reservation policy for Dalits and the downtrodden.

He was delivering the Ambedkar Memorial Lecture at Vigyan Bhavan. He also laid the foundation stone for a memorial for Dr. B.R. Ambedkar in New Delhi.

Navin Jindal-promoted Jindal Steel and Power (JSPL) has slapped a Rs 123-crore notice on the state-run power equipment maker BHEL, citing delays in execution of projects at two units of JSPL’s 2,400 MW coal-based plant at Tamnar in Chhattisgarh. JSPL invoked the contractual clause titled ‘liquidated damages’.

BHEL is executing the boiler, turbine and generator (BTG) packages for all the four units of the plant. While it commissioned the first and fourth units on schedule, there were delays of four and eight months respectively in case of the second and third units.

MUMBAI: The Reserve Bank of India has rejected bankers' demand to defer the operationalisation of MCLR, or marginal cost of funds based lending, even as many lenders said that they are not ready to adopt the system. The new system will be operational from April 1 and many banks fear that their margins will be hit if the new method is implemented, while others said that the cost of lending could also go up.

In a closed-door meeting held recently between senior RBI and bank officials, the central bank told lenders that it doesn't want to extend the deadline since it was conveyed to them in December itself.

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