The Congress Party on Monday dubbed the government's move to recommend President's rule in Arunachal Pradesh as 'unconstitutional' and alleged that it exposed the dictatorial tendencies of Prime Minister Narendra Modi and his people.

Congress leader Sandeep Dikshit accused the Central Government of playing with fire in a 'sensitive' border state.

Ruling out any competition to full-service banks from payments and small finance banks, top banker Chanda Kochhar has said they can actually complement the existing banking system and ICICI Bank will explore opportunities for mutually beneficial partnerships.

"Both categories of new banks have important roles to play as India has a very large untapped market.

Mumbai: BSE, the oldest stock exchange in Asia, has set the ball rolling on an initial public offering (IPO) and started discussions with intermediaries to begin work on its listing, two people aware of the development said.

The move comes after the Securities and Exchange Board of India (Sebi) issued a notification regarding the amendments to the Stock Exchanges and Clearing Corporations, or SECC, regulations on 1 January. The amendments were aimed at making it easier for exchanges to list.

Global online retail giant Amazon has invested Rs 1,696 crore into its India unit as part of its planned $2 billion (approximately Rs 13,500 crore) investment over the next few years in the country to take on homegrown rivals Flipkart and Snapdeal.

The investment comes at a time when the company is engaged in a battle with the Karnataka government over taxation issues. The ongoing case has restricted Amazon from growing its presence in the state, one of the key markets for online retail in India.

MUMBAI: In the world of mean machines, the love for diesel is slowly waning. Chrysler is considering adding a petrol variant to its India plan for the Jeep Wrangler, while Jaguar Land Rover, the big three German luxury-vehicle makers and Volvo are boosting their petrol portfolio.

The new thinking among the top makers of sport-utility vehicles (SUVs) and luxury cars is triggered by the curbs imposed on diesel by the Supreme Court.

New Delhi: Prime Minister Narendra Modi on Saturday released some 100 files relating to Netaji Subhas Chandra Bose in the public domain, the freedom icon who created the Indian National Army to throw off the shackles of British colonial rule in India.

The declassification of the documents is widely expected to reveal the truth behind the disappearance of Bose seven decades ago.

TVS Motor Company has introduced two new bikes — 110cc Victor and 200cc Apache — aimed at strengthening its presence in the commuter and performance segments.

“We are launching these two significant bikes that are designed to get us significantly improved market share in motorcycle segment. We have spent about Rs.300 crore in developing the two bikes. Our products will meet not just Indian standards, but also global standards,” Venu Srinivasan, Chairman, TVS Motor Company said after unveiling the new bikes.

The country’s fourth largest mobile operator by subscribers and revenues, the Anil Ambani-led Reliance Communications on Friday said its net profit during the October-December period stood at Rs 171 crore, up 9.6% compared to the preceding quarter, helped by an uptick in subscription and usage for its high margin internet-services, and a better performance at its global operations.

Engineering and construction giant Larsen & Toubro (L&T) today said its consortium with Sojitz Corp of Japan has won a Rs 1,213 crore project from Dedicated Freight Corridor Corporation of India Ltd (DFCCIL).

“The Railways Unit, a part of the transportation infrastructure business of L&T Construction, has won a major order worth Rs 1,213 crore from the DFCCIL,” it said in a statement.

Standard & Poor’s today affirmed its ratings on ONGC, saying it reflects the company’s strong competitive position and expectations of moderate financial ratios despite fall in oil and gas prices.

However, Oil and Natural Gas Corp’s standalone credit profile has been lowered to ‘a-‘ from ‘a’, which reflects S&P’s expectations of weaker financial ratios.

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