Shares of Maruti Suzuki India were trading higher by 2% at a life-time high of Rs Rs 4,120, extending their nearly 3% gains in the past two trading sessions on the BSE, on expectations of strong financial results for the quarter ended June 30, 2015 (Q1).

The stock has hit a record high of Rs 4,138 in intra-day so far. The stock has rallied 24% thus far in 2015, compared to a sub-2% rise in the S&P BSE Sensex.

The Bombay Stock Exchange (BSE) has slapped fines on 530 listed companies for failing to meet a deadline to appoint a women director and boost gender diversity in their boardrooms, a BSE official said on Tuesday.

The Securities and Exchange Board of India (Sebi) last year imposed a quota of at least one female director on the board of every listed firm, and warned of "very serious" consequences if the thousands of companies did not comply by an April 1 deadline.

Reliance Industrial Infrastructure Ltd (RIIL) has reported a net profit of Rs 4.44 crore for the first quarter of this fiscal, down 20.8% from the year-ago level.

The total revenue, however, rose by 13.9% to Rs 26.54 crore in the quarter, the company said.

Tata Motors, India's fifth largest car maker, is ready to experiment with new products, which it says would address white spaces in the passenger vehicle segment and help it reclaim lost market share.

The company has lined up a series of new products in the hatchback, sedan and sport utility vehicle segment, in line with its promise of launching at least two new products every year.

In an effort to ensure a uniform model for engaging private players in mining to boost output, the coal ministry would be coming up with a model mine development operator (MDO) agreement. Apart from Coal India Ltd (CIL), which would engage private players according to the new MDO model, this would also serve as a guideline for state government-run miners as well, for selecting private operators.

Grameen Capital India today announced that L&T Finance has acquired 26% stake in the company for an undisclosed amount.

Grameen Foundation, Citicorp Finance, Amit and Arihant Patni are the other shareholders in the company.

Volvo Buses, the bus making unit of Swedish auto maker Volvo Group, on Tuesday said it will begin this month exporting fully made buses for Europe, the first from an Asian country to its home market.

Volvo plans to utilize the existing manufacturing capacity at its unit, on Bengaluru outskirts, leverage the component supplier base and the low cost talent to offer buses at “ competitive” costs to its inter-city bus customers in Europe.

Mumbai: A fund being set up by ICICI Bank Ltd’s private-equity arm and Tata Power Co. is in advanced talks to acquire an electricity project from Avantha Power and Infrastructure Ltd, people familiar with the matter said.

The fund is in discussions to acquire Avantha’s Jhabua Power Ltd unit and could reach an agreement on deal terms in the next month, one of the people said, asking not to be identified as the talks are confidential. The purchase may value the business at as much as Rs.4,500 crore including debt, the people said.

American Express, First Direct, HSBC, Nationwide, NatWest, Royal Bank of Scotland, Santander and Ulster Bank served as Apple Pay’s launch partners.

According to Apple, the service will be available in 250,000 locations.

GMR-Megawide is in race to acquire operations of five airports worth $2.4 billion in Philippines under PPP model.

As many as six companies, including GMR-Megawide, have evinced interest in the airport projects, according to a statement issued by the Philippines government.

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