Commercial vehicles maker, Ashok Leyland Limited (ALL), is embarking on a "platform strategy" to regain the market share that it lost in the domestic light commercial vehicle (LCV) segment, according to its president (LCV, defence) Nitin Seth.

"Our target is to go back to the 18% market share, which we used to hold earlier. Towards this, we are looking at bringing in more variants based on our existing three platforms -- DOST (LCV), Partner (mini-truck) and MiTR (mini-bus)," he told Business Standard.

YES Bank has filed an appeal against the Bombay High Court judgment in the YES Bank and Madhu Kapur case. The court order was made public on June 17 but had been stayed for operations for a period of five weeks which ends on Tuesday.

However, with the new appeal, the order had been stayed for operations till August 4, which is the next date for hearing. According to the judgment, the court had termed “invalid” the appointment of two directors on YES Bank's board and declared that the proposed appointments of three others — Rajat Monga, Sanjay Palve and Pralay Mondal — were void.

Maruti Suzuki will launch its premium dealership Nexa on Thursday. Meant for buyers of premium cars, these dealers will only stock the company’s upcoming crossover, the S-Cross, to begin with.

This is the Indian automobile industry’s first experiment with creating a new sales network. The decision to set up Nexa follows the Indian buyers’ preference for more space and better features in cars.

NEW DELHI: Shares of NIIT Ltd extended gains for the second straight session and hit their fresh 52-week high of Rs 67.30 in intraday trade on Monday. Including Monday's gains, the stock has rallied over 28 per cent since Friday. The scrip has gained about 14 per cent in intraday trade today on the BSE.

This was in addition to 11.23 per cent surge, the scrip witnessed on the exchange in the preceding session, thanks to a 25-fold jump in the Q1 net profit, the company reported during the trading session.

The possibility of a rate cut by Reserve Bank of India in its August 4 policy meet is "fading", unless rains resume "convincingly" in central and western India next week, a Bank of America Merrill Lynch report says.

According to the global financial services major, rains are critical in sowing months of July-August and the ongoing dry spell in central and western India, which grows oilseeds, pulses and raw cotton, is worrisome.

After committing $2 billion investment to support its Indian growth in 2014, now Amazon has announced another massive $5 billion investment over the next few years. It has also announced several other service launches in India including Amazon Prime by the end of this year. The company is set to add instant video and subscription-based e-commerce services for Prime users, as ET reports.

Amazon plans to launch its Amazon Instant Video (AIV) service in India this year and has already started conversations with music labels and producers for sourcing content. In December, it hired Nitesh Kripalani, a former Sony Entertainment executive, to lead its new initiatives in India.

Infosys is expected to report 2.7-3 per cent sequential growth in the dollar denominated revenue for the June 2015 quarter. Analysts expect the company's operating margin to fall 140-190 basis points due to wage increases and visa costs.

The country's second largest software exporter (listed on Indian bourses) will declare the June quarter results on Tuesday, July 21. According to the average of estimates by seven brokerages and the forecast of ETIG, net sales of Infosys is likely to increase by 5.1 per cent to Rs 14089.3 crore compared with the previous quarter. Net profit is expected to fall by 1.9 per cent to Rs 3,038.1 crore.

The Securities and Exchange Board of India (Sebi) was gathering legal opinion on the listing of cooperatives, sources said.

Any group of individuals can form a cooperative society to act jointly for common benefit. Shares of cooperative societies in India are not offered to the public.

Indian airlines will no longer require prior permission to import aircraft as the civil aviation ministry plans to do away with the norm to facilitate ease of doing business.

The move is part of a slew of initiatives taken to improve business conditions in the domestic aviation sector. The ministry also expects to soon unveil the much-awaited aviation policy that would help attract more investments into the sector.

Microsoft recognises India as a “growth opportunity”, a senior company executive has said as he voiced enthusiasm over the potential of combining the firm’s technological tools with the country’s ambitious campaigns like ‘Make in India’ and ‘Digital India’.

“What is really exciting is the initiatives going on with the government” and technology plays a very critical role in all, whether it is Make in India, Digital India or the Skill India campaign, General Manager SMS&P (Small and Midmarket Solutions & Partners) at Microsoft India, Meetul Patel told PTI on the sidelines of the Microsoft Worldwide Conference that concluded last week in Orlando.

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