Petrol price was on Monday slashed by a marginal 4 paise a litre and diesel by 3 paise a litre as the government raised excise duty to deny consumers full benefit of falling international oil prices.

Now petrol in Delhi would be available for Rs 59.95 per litre as against Rs 59.99 earlier. For diesel, one has to shell out Rs 44.68 for a litre as compared to Rs 44.71 previously, according to Indian Oil Corp (IOC).

Bajaj Auto on Monday unveiled a 150 cc bike ‘V’, which contains metal from India’s first aircraft carrier INS Vikrant.

The commuter segment bike is expected to be priced between Rs 60,000 to Rs 70,000.

Larsen & Toubro (L&T) shares gained over 5 per cent on Monday after the engineering and construction giant reported a 19 per cent rise in consolidated net profit at Rs 1,034.8 crore for the quarter ended December 31.

At 11.43 am, L&T shares were trading were trading 4.20 per cent up at Rs 1148.50. The scrip opened at Rs 1125.00 and touched a high and low of Rs 1159.00 and 1120.00, respectively, in trade so far.

NEW DELHI: Hinduja Group flagship firm Ashok Leyland today reported 30.47 per cent increase in total sales at 13,886 units in January.

The company had sold 10,643 units in the same month last year.

Market benchmark BSE Sensex reclaimed the 25,000-level by surging over 131 points in early trade, extending weekend's gains on fresh foreign capital inflows amid a mixed trend at other Asian bourses.

The 30-share index rallied by 131.63 points, or 0.52%, to 25,002.32, with capital goods, healthcare, IT, consumer durables, realty and auto sector stocks leading the rise.

A cabin crew member of national carrier Air India was recently caught by vigilance officials stealing in-flight meals.

Following a tip-off about a woman cabin crew member arriving from an international flight (AI 274) from Colombo, the officers screened her baggage to find that she had pilfered various items, according to a report in Hindustan Times.

Life Insurance Corporation of India (LIC) will launch its e-services today that will enable policyholders to have easy access to their policies, policy status, claim information, among others.

The e-services will include policy image, status of policy, claim status and renewal information. One can also choose to pay their premiums online with the help of these services, making the process quicker and easier. E-mail and SMS alerts will also be a part of these services.

Maruti Suzuki India has dipped 3% to Rs 3,971 on the BSE after the country’s largest car-maker reported a 2.6% decline in total sales in January 2016 at 113,606 units, due to lower export sales. The company had sold 116,606 units in the same month in 2015.

Earlier, in the month of March 2015, Maruti Suzuki India had recorded negative growth of 1.6% in monthly sales.

All public sector and private banks have been asked by the Reserve Bank of India to conduct a “thorough internal audit” and put the report before their respective audit committees, as part of the central bank's efforts to check fraudulent foreign exchange transactions. The move comes in the wake of irregularities that came to light last year in Rs 6,100-crore import remittances effected by Bank of Baroda’s Ashok Vihar branch in New Delhi.

MUMBAI: Market regulator Sebi on Friday reduced position limits in the agri commodities derivatives trading segment which, market players said, would make the segment safer and reduce volatility. But the move may also hit all those participants who want to hedge their risks through commodity exchanges (comexes).

The decision follows National Commodity & Derivatives Exchange (NCDEX) on Wednesday suspending trading in castor seeds futures as it feared concentration of positions among a handful of participants and chances of default by a few members. The new rules will be effective March 1, a release from the regulator said.

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