Riding on the wave of sales growth achieved in 2014 and during the first quarter of 2015, Mercedes Benz hopes to get back to its numero uno position this year, according to a top company official.

The German luxury car maker, which sold 10,200 cars in 2014 and 3,566 cars in the January-March quarter — 385 cars more than nearest competitor Audi — hopes to register a double-digit growth in 2015. “We have grown 40 per cent in the first quarter of 2015 and the second quarter will be even better. So, we are confident of achieving a strong double-digit growth in 2015,” Eberhard Kern, managing director and CEO, Mercedes-Benz India, told Business Standard.

State-run NTPC today said, it has entered into an agreement with Jammu and Kashmir State Power Development Corporation Ltd (JKSPDCL) to form a joint venture company for mining at Kudanali-Luburi coal block in Odisha.

NTPC and JKSPDCL will share equity in the ratio of 67:33 in the joint venture company for undertaking exploration, development and operation of jointly allocated Kudanali-Luburi coal block by Coal Ministry to them.

Indian eCommerce firm Snapdeal is in talks with Chinese eCommerce company Alibaba and iPhone assembler company Foxconn Technology Group to raise $500 million investment.

Alibaba and Foxconn are in talks to invest for a joint 10% stake in the company, taking Snapdeal’s potential valuation to $5 billion (about Rs.32,000 crore). However, the deal still needs regulatory approval in India.

Today, before we move out to shop, we do ensure to check out things online, compare prices, read reviews and even make purchase decisions. Welcome all to this new state of bewildered but well informed consumerism in India.

The advent of this disruptive revolution among Indian consumers has led to a new wave in organized retail.

Continuing its winning streak for the fourth straight session, the benchmark BSE Sensex surged over 120 points in late morning trade today on sustained buying by investors in blue-chip stocks amid a firming trend in Asian markets ahead of US Fed policy announcement.

At 11:10 am BSE Sensex traded 122.16 points up to 26808.67. NSE Nifty gained 25.90 to 8073.20.

Microsoft has tied up with Snapdeal to launch an online store that would include full range of Microsoft products such as phones, tablets, PCs and software.

All the Microsoft products will be available on microsoft.snapdeal.com. “This unique, self-contained store built by Snapdeal will allow users accessibility of Microsoft’s unified portfolio of phones, tablets, PCs and Microsoft software,” said Tony Navin, senior vice-president, electronics and home, Snapdeal.

NEW DELHI: Tax authorities will be able to access financial transaction profiles at the click of a button. The Central Board of Direct Taxes is ready to roll out fully from next year a new data mining tool known as the Income Tax Business Application that will allow assessing officers to access all PAN-based information about a taxpayer.

"The Income Tax Business Application, once ready, will vastly improve data mining and business intelligence of the department and the taxman," Central Board of Direct Taxes chairperson Anita Kapur told reporters on Tuesday. "It will be a robust database which will include all sorts of financial transactions data of an entity including human intelligence collected on a person or entity."

HDFC Bank, the country’s second-largest private sector bank, has cut its base rate by 15 basis points (bps) to 9.70 per cent. The new rates came into effect on Monday. Base rate is the benchmark rate to which all loan rates are linked.

This is the second base rate cut in the last three months. In April, HDFC Bank had cut its base rate by 15 basis points to bring it down to 9.85 per cent.

Even though Coal India(CIL) has been allowed to revert to the old system of removing the cap on e-auction volumes with effect from April 2015, in the absence of a specific guideline from the ministry, the state-owned miner is in a fix over determining the volume to be sold via e-auction route.

Coal India (CIL) was at loggerhead with the nodal ministry over the latter's directive last September to halve its lucrative e-auction volumes to 25 MT and finally settled for keeping its e-auction sales to 7 per cent of total sales.

After Nestle's decision to remove 'no added MSG (monosodium glutamate)' tag from Maggi, rival ITC has decided to do the same with their instant noodles brand Yippee. ITC sells Yippee under the Sunfeast brand.

The company, led by chairman Y C Deveshwar, has already started the process of removing the phrase from new batches of its products. ITC has stated its products have been found to be in compliance with all food safety regulations and safe for consumption.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.