Reliance Industries Ltd (RIL) is set to miss its deadline for re-opening all 1,400 retail fuel outlets by March-end. Till December, the company had 750 operational retail outlets, up from 320 such outlets in April last year.

"We are opening all our outlets one by one. In the next few months, we would be opening the other closed outlets. A lot of infrastructure details have to be looked into before re-opening of these outlets," said a company official.

TVS Motor today announced the launch of its new four-stroke moped, TVS XL 100, in Andhra Pradesh and Telangana.

The TVS XL 100 is powered by a 99.7cc four-stroke engine, which delivers 4.2PS power with initial pick up and a top speed of 60 kmph. The company claims the vehicle can give mileage of 67 kmpl, which is the highest among all auto-geared two-wheelers.

MUMBAI: Markets regulator Sebi on Wednesday cracked down on 16 entities for irregularities in the commodities derivatives market by banning them till further orders for manipulating trading in castor seeds futures on National Commodity & Derivatives Exchange (NCDEX) a few months ago. Of the entities banned by Sebi, four are commodities brokers - Mid India Commodities, Investmart Commodities, Neer-Ocean Multitrade and Leo Global Commodities - and other well known names in the space which include Ruchi Global, Stride Multitrade, Vijay Saraf and Sisne Polymers.

MUMBAI: HDFC Bank plans to partner a slew of financial technology startups that will innovate in various areas such as payments, security and analytics. Through such partnerships, the bank expects that it can roll out pilot projects within weeks.

The most valuable private bank has already succeeded in migrating 63% of customer-initiated transaction onto internet and mobile banking platforms. The share of these low-cost channels was only 13% a decade ago. ATMs, which accounted for 53% of transactions in 2005, are 21% of total transactions today.

Calcutta, March 2: Coal India's production has increased 9.2 per cent in the first eleven months of 2015-16. Production during the period was 477.31 million tonnes (mt) against a target of 491.27mt.

In February, the public sector miner produced 51.01mt with five of the eight subsidiaries achieving their actual production target for the month. However, only two subsidiaries achieved the offtake target as demand was subdued and thermal power plants had surplus coal.

New Delhi: The National Democratic Alliance (NDA) on Thursday set the ball rolling on its plans to reset the subsidies regime by making Aadhaar the central pillar.

It introduced the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2016 in the Lok Sabha, which seeks to make the use of Aadhaar mandatory for availing government subsidies but at the same time tries to address concerns regarding privacy and protection of personal information.

The Mahindra and Mahindra Ltd (M&M) stock is one of those which haven’t participated in the recent breathtaking rally. Just when investors regained faith in the company’s growth prospects, a host of developments have cast a pall of gloom on the stock. Leading brokerage firms like Credit Suisse, CLSA and Nomura have downgraded the stock.

First, the excise duty exemption on its Haridwar plant expired in January, which will increase price of vehicles made there.

he government’s decision to allow foreign exchanges to hold up to 15 per cent stake in Indian bourses has come as a shot in the arm for entities like the BSE and the National Stock Exchange (NSE) that are planning to become listed entities.

“Investment limit for foreign entities in Indian stock exchanges will be enhanced from 5 per cent to 15 per cent on a par with domestic institutions. This will enhance global competitiveness of Indian stock exchanges and accelerate adoption of best-in-class technology and global market practices,” according to the Budget presented in Parliament on February 29.

Private sector lender Yes Bank on Thursday said it has bought over 5 per cent stake in an investor advisory firm, IiAS, from BSE.

Yes Bank said in a regulatory filing that it has acquired 5,00,750 equity shares of Institutional Investor Advisory Services (IiAS) from BSE Limited which is equivalent to 5.006 per cent of the paid-up capital of the company.

Leading bourse BSE on Thursday said it has received 112 complaints against 102 companies in February this year.

During the period, the stock exchange has resolved 146 grievances against 128 companies, according to a statement.

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