New Delhi: Country’s largest carmaker Maruti Suzuki India has hiked prices of all its products by up to Rs9,000, except that of newly launched premium crossover S-Cross, citing changes in dealer margin.

The average hike in the ex-showroom prices, with effect from 11 August, across models ranges from Rs3,000 to Rs9,000, a Maruti Suzuki India (MSI) spokesperson said.

Mumbai: The government has set a floor price for the sale of shares in top state-run refiner Indian Oil Corp Ltd at Rs387 each, the company said, a 2% discount from Friday’s close.

At the floor price, the 10% stake sale in the company will bring in Rs9,396 crore ($1.4 billion) for the government.

Tracking mobile phone data can help predict how infectious diseases will spread seasonally, a large-scale study has found.

Researchers from Princeton University and Harvard University used anonymous mobile phone records for more than 15 million people to track the spread of rubella in Kenya and were able to quantitatively show for the first time that mobile phone data can predict seasonal disease patterns.

Centre today hiked the minimum export price of onions sharply by $275 per tonne to curb shipments and boost domestic supply to control spiraling retail prices that have soared to Rs 80 per kg.

The decision to increase onion MEP to $700 per tonne from $425 is taken as prices of onions at both wholesale and retail levels have been rising on lower output due to unseasonal rains earlier.

While payments banks are not a threat to the existing universal banks, State Bank of India (SBI) will strengthen its low cost credit delivery model in the wake of the rural outreach of the upcoming entities.

"The kind of remittance services that the payments banks will offer, universal banks already have that in place. Moreover, the payments bank will not be able to provide any credit history to the borrowers. The only way they have an advantage is their access to remote and inaccessible parts due to lower cost of operations. SBI is also coming up with a low-cost model to reach the unbanked areas," Chairman Arundhati Bhattacharya said.

A section of Air India’s pilots is agitating against their being declassified as workmen and proposed pay cuts. This led to the airline’s flights getting delayed on Friday. While Directorate General of Civil Aviation sources said 10 flights were delayed, the airline claimed only three were impacted. “Out of the 300 flights operated today (Friday), so far only three have been delayed, due to non-reporting of crew on time. All our flights are operating smoothly as per schedule,” Air India officials told Business Standard.

The commanders are protesting against a clarification by the labour ministry on Tuesday, excluding them from the workmen category in the Industrial Disputes Act. They can no longer be part of trade unions, their service conditions can be changed, and they will not be able to raise a dispute against their employers.

Shares of Tata Motors have fallen to 18-month lows of Rs 328 after declining nearly 6% in the past two trading sessions, bringing down its market capitalisation (market-cap) below Rs 1 lakh crore on the Bombay Stock Exchange (BSE).

At 12:24 AM, the stock was trading at Rs 331, its lowest level since February 2014 in intra-day trades.

Air India's new chief Ashwani Lohani already has a challenge on his hands even before assuming charge.

Pilots of the national carrier have decided to 'go slow', leading to delays in both domestic and international operations.

Mumbai: Larsen & Tourbo (L&T), India’ largest engineering and construction company, has scrapped a plan to develop a new port in Kacchigadh, near the temple town of Dwarka in Gujarat, owing to environmental reasons, according to two state government officials close to the development.

“L&T has written to the government that it no longer intends to pursue the port project in Gujarat due to environmental reasons. L&T had appointed the Gujarat Ecology Commission to carry out environmental studies and found that the place was full of corals and mangroves. As a result they want to exit,” said an official of the Gujarat Maritime Board (GMB), the state regulator of ports and maritime activities.

Mumbai: The Securities and Exchange Board of India (Sebi), on Thursday proposed to ease norms for infrastructure investment trusts (InvITs) as a way to encourage firms to unlock capital.

In September 2014, the capital markets regulator had allowed firms to launch real estate investment trusts (REITs) and InvITs to help cash-strapped developers get easier access to funds while creating a new investment avenue for institutions and wealthy individuals. However, infrastructure companies have been slow to respond as they sought a relaxation in rules and clarity on taxation.

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