The Supreme Court ban on registration of diesel vehicles of 2,000cc and above capacity in the national capital region appears to have impacted sales volume of Mahindra & Mahindra and Toyota. The ban, imposed on December 16 to address deteriorating air quality, is in place till March 31. After reporting sales growth of 19 per cent and 36 per cent, respectively, in October and November last year, M&M's sales in December saw a moderate growth of one per cent. Bulk of the company’s products (such as Scorpio and XUV500) have an engine capacity of over 2,000 cc and have been hit by the ban imposed by the Supreme Court.

Mumbai: The Indian rupee on Friday opened marginally lower but soon erased all the losses and was trading little changed against the US dollar in thin trade.

The local currency opened at 66.20 per US dollar and touched a high and low of 66.16 and 66.21, respectively. At 9.12am, the rupee was trading at 66.16 per US dollar, down 0.01% from its previous close of 66.15. In 2015, rupee weakened 4.7%.

MUMBAI: Stock markets opened on a subdued note on the first trading day of 2016, with the benchmark BSE Sensex sliding over 51 points in early trade on profit-booking after recent gains.

The 30-share index, which had gained 157.51 points in the previous session, fell 51.29 points, or 0.20 per cent, to 26,066.25 in early trade.

Petrol price was on Thursday cut by 63 paise a litre and diesel by Rs 1.06 a litre, the third reduction this month on the back of softening in global oil rates.

Petrol will now cost Rs. 59.35 a litre in Delhi with effect from midnight on Wednesday, as against Rs. 59.98 currently. A litre of diesel will cost Rs. 45.03 as opposed to Rs 46.09 presently, said Indian Oil Corporation (IOC).

Country’s largest car-maker Maruti Suzuki India (MSI) on Friday reported a 8.5 per cent increase in total sales in December at 1,19,149 units as against 1,09,791 units in the same month in 2014.

The company said its domestic sales increased 13.5 per cent during the month to 1,11,333 units as against 98,109 units in December 2014.

Coal India Ltd (CIL) has mulled raising coal prices by an average 13-13.5% across all grades, though the price of the lowest-grade coal between 2,200 and 2,500 GCV (gross calorific value) may be raised by 40-43%, a CIL director told FE on the condition of a

“The proposal of the price rise has been tabled at the level of the functional directors, but before that, there is already an in-principle approval from the coal and power ministries regarding increasing prices,” the director said.

Ujjivan Financial Services, the microfinance lender that was granted licence to convert into a small finance bank, has filed draft papers with markets watchdog Sebi to raise at least Rs 650 crore through an IPO.

This is the second microfinance institution after Equitas Holding to approach the Securities and Exchange Board of India (Sebi) for an IPO this year.

NEW DELHI: As the clock ticked eight, the odd- even vehicular restriction policy of the Delhi government came into effect today with thousands of volunteers taking to the streets to assist traffic police in enforcing the pilot plan that will stay in force in the national capital till January 15.

As per the scheme, cars bearing odd-numbered registration plates shall ply on city roads today while those with even number plates, if taken out, will attract a penalty of Rs 2,000 under relevant sections of the Motor Vehicles Act.

State-run Canara Bank and private lender Yes Bank on Thursday announced raising Rs 1,500 crore each by issuing Basel III compliant tier-II bonds.

"Bank has successfully raised Rs 1,500 crore of Basel-III compliant tier-II bonds. The issue was closed on December 31, 2015," Yes Bank said in a regulatory filing.

NEW DELHI: Continuing his meteoric rise, Indian Test captain Virat Kohli was on Thursday named 'Cricketer of the Year', while Mithali Raj was picked for the top women's award in the BCCI annual honours to be given away on January 5 in Mumbai.

The 27-year-old batsman, who took over as captain in the middle of the tour of Australia after Mahendra Singh Dhoni's sudden retirement, delivered some good results.

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