Bajaj Auto, India’s largest two-wheeler exporter, plans to enter the Russian market with its Pulsar range of motorcycles. Bajaj will be the first Indian company to export a mass market motorcycle to Russia. Eicher, which manufactures middleweight motorcycle, is the only domestic player exporting two-wheelers to Russia.

Bajaj recently shipped a few containers of the Pulsar to Russia. “We found the Russian market to have a good potential and found a good local partner to be the country-wide distributor. The distributor is developing the channel to market and service two-wheelers”, said S Ravikumar, president (business development and assurance) at Bajaj Auto.

Intending to become a partner in the ambitious Digital India programme, Microsoft CEO Satya Nadella today said his company will take low-cost broadband technology to some five lakh villages across the country.

Speaking at a dinner hosted here in honour of visiting Prime Minister Narendra Modi, Nadella said that Microsoft wants to make things and make things happen.

Mumbai: Shares of Jaypee Group companies were trading weak on Monday after Care Ratings downgraded the debt ratings of a group company to default category.

Care on Friday downgraded Jaypee Infratech Ltd’s Rs.6,550 crore in long-term bank facilities and Rs.1,300 crore in non-convertible debentures to D rating.

NEW DELHI: Engineering major Larsen & Toubro (L&T) today said its arm L&T Construction has bagged orders worth Rs 1,509 crore so far this month.

"The water and effluent treatment strategic business group of L&T Construction has won new water and waste water infrastructure orders worth Rs 1,509 crore in September 2015," L&T said in a BSE filing.

Over two years after the state-run Oil and Natural Gas Corporation (ONGC), with its consortium partners Bharat Petroleum Corporation Limited (BPCL) and Japanese conglomerate Mitsui, signed a memorandum of understanding to set up a re-gasification LNG terminal at New Mangalore Port, the project is again on the back burner.

The consortium had in March 2013 signed the MoU to carry out a feasibility study for a 2-3 million metric tonnes per annum (mmtpa) terminal, which could be expanded to 5 mmtpa.

MUMBAI: The benchmark BSE Sensex rose over 73 points at 25,936.89 in early trade on Monday as investors indulged in widening their positions on the first session of October series in the derivatives segment.

However, caution prevailed ahead of RBI policy review tomorrow and continued fund outflows by foreign investors amid weakness at other Asian markets as investors await US jobs data.

San Jose: Google will COLLABORATE with the Indian Railways to provide wi-fi services at 500 stations by next year, Prime Minister Narendra Modi announced on Sunday as he visited the headquarters of the search engine giant in San Jose.

Modi, who took a tour of the Google campus seeing the latest products and forward-looking researches, was given a presentation of Google Earth in which the ghats of his Lok Sabha constituency Varanasi were shown.

New Delhi: The Indian Space Research Organisation (Isro) on Monday successfully launched astronomy satellite Astrosat along with six foreign satellites from Satish Dhawan Space Centre in Sriharikota, an island off the Bay of Bengal coast in Andhra Pradesh.

This is India’s first dedicated satellite for astronomy mission. The satellites were released through the Polar Satellite Launch Vehicle PSLC -C30.

Mumbai/Washington: India’s biggest lender, State Bank of India (SBI), sees inflation below the Reserve Bank of India’s (RBI) target at year’s end, giving governor Raghuram Rajan room to reduce borrowing costs.

Rajan is expected to lower the benchmark repurchase rate for the fourth time this year to 7% in a policy review on Tuesday. Thirty seven of 45 economists in a Bloomberg survey predict a quarter-point cut, with seven forecasting no change and one anticipating a 50 basis-point reduction.

NEW DELHI: Even as Prime Minister Narendra Modi is in the US, Air India on Sunday announced it was starting the only non-stop link with America's west coast with a flight between Delhi and San Francisco from December 2.

"San Francisco will become Air India's fourth destination in the United States. Air India operates daily non-stop flights to New York (JFK), Newark (EWR) and Chicago (ORD)," a statement said. The service is looking to cater to the large Indian community in Silicon Valley, where Modi paid a visit.

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