Shares of Bajaj Auto have moved higher by 2.4% to Rs 2,586 on the National Stock Exchange (NSE) after the company sold 331,317 units in June 2015, representing a year-on-year (yoy) growth of 8%, the highest in past nine months.

The automaker had sold 305,465 units in June 2014. It had sold 345,438 units in the last month May, 2015.

Shares of state-owned oil marketing companies (OMCs) are on a roll with the three listed companies – Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOC) trading at their respective 52-week highs on expectations of higher earnings growth going ahead.

IOC has rallied nearly 6% to Rs 413, while HPCL has surged 4% to Rs 771 and BPCL has gained 2% at Rs 907 on the Bombay Stock Exchange (BSE). BPCL and HPCL are quoting at their record highs on the BSE.

MUMBAI: India's market regulator on Tuesday said it will focus on the cost to a mutual fund investor as part of its customer protection measures.

Speaking at the CII Mutual Fund Summit here, Securities and Exchange Board of India chairman U K Sinha said consumer protection is one of the prime focus areas of Sebi and cost to investor will be an important aspect of the future course of action.

Bharti Airtel Ltd becomes third largest mobile operator in the world. The company claims to have 303 million mobile subscribers, surpassing China United Network Communications Group Co., Ltd. (a state owned telecom operator) and UK’s Vodafone Group, as per the latest data published by WCIS (World Cellular Information Service).

By April end the company’s wireless subscriber base in India was 228.25 million, as per the latest data from the Telecom Regulatory Authority of India.

BlaBlaCar and IRCTC have entered into an advertising partnership to offer more travel options across India.

The partnership will enable BlaBlaCar to advertise its ridesharing services on IRCTC website for users looking to book tickets for their city-to-city journeys. The partnership will help travellers looking for last-minute travel solutions.

Ratan Tata, chairman emeritus, Tata conglomerate, in his personal capacity has made an investment of undisclosed amount in cab service provider Ola cabs. In the course of past 12 months he has invested in Snapdeal, Paytm, CarDekho.com, Urban Ladder and Bluestone.

Ola refused to disclose the financial details of the investment, but confirmed Ratan Tata has acquired a stake in the company in his personal capacity, as reported by livemint.

PSU explorer ONGC, which holds 30% stake in the Barmer oil and gas block in Rajasthan, wants the extant contract to be extended post its expiry in 2020 without any changes. This, according to analysts, brightens the prospects of Cairn India, which holds 70% of the block and is the operator, getting the lease extended by another decade.

The production sharing contract (PSC) for the Barmer block, which contributes 27% of country’s crude oil output, is set to expire on May 14, 2020.

Aashirvaad, Sunfeast, Classmate and Bingo! by ITC crossed the Rs 1,000-crore revenue mark in the last fiscal, while many of its other brands grossed more than Rs 500 crore, the company said in its annual report.

All of ITC’s brands in the last fiscal clocked revenue of Rs 11,000 crore. ITC’s brands range across categories such as food, stationery and personal care products. The food and other business division reported 11% rise in gross revenue in the previous fiscal at Rs 9,038 crore.

Country’s largest IT services firm Tata Consultancy Services (TCS) on Tuesday said it will hire 60,000 people this fiscal and impart training to its existing one lakh employees in various digital technologies.

The software exporter is also ramping up investments in the digital solutions space.

Reliance Industries Ltd (RIL), HDFC Bank and Dr Reddy’s Laboratories are the only three Indian firms to figure in Barclays’ top 111 stock picks from across the world for 2015.

In its ‘Global Top Picks’ report, Barclays has said more than six years into the recovery, the key drivers of the market rally u2013 low inflation, moderate growth and unprecedented monetary support u2013 are set to have a reduced impetus.

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