Microsoft in India on Tuesday announced a exchange offer for existing Asha, (a brand formed under erstwhile Nokia which was recently acquired by Microsoft) consumers with the aim of offering the latest OS experience to its consumers through the Lumia 435.

The offer will enable existing Asha consumers to upgrade to a brand new Lumia 435. The ‘Smart Exchange’ offer as Microsoft calls it is valid from till April 15, 2015 or till stocks last across the country, giving existing consumers of Asha 500, Asha 501, Asha 502 and Asha 503 an assured discount of Rs. 1,500/- and an assured discount of Rs. 1,000/- for Asha 305, Asha 306, Asha 308, Asha 309, Asha 310 and Asha 311 consumers. This discount is applicable on MRP of Lumia 435 which is Rs. 5,999/-.

MUMBAI: The tax office is exploring all avenues to mop up revenue collection before March 31. In an unusual development, hundreds of companies have received letters from the income-tax department, "requesting" them to deposit the amount from tax deductions before the financial year closes — as against the normal practice of companies depositing the tax deducted at source (TDS) by the seventh of next month.

State-owned carrier Air India (AI), which began its recruitment process recently, is finding it hard to get the right kind of candidates, compelling it to re-advertise its requirement for 197 commander and senior trainee pilots.

A spokesperson of the national flag carrier said there were just not enough qualified candidates available in the market.

Former Prime Minister Manmohan Singh, industrialist Kumar Mangalam Birla, ex-coal secretary P C Parakh and three others were today summoned as accused by a special court in a coal scam case pertaining to allocation of Talabira-II coal block in Odisha in 2005 and asked to appear before it on April 8.

pecial CBI Judge Bharat Parashar summoned the six accused on April 8 for the alleged offences punishable under Sections 120B (criminal conspiracy) and 409 (criminal breach of trust by public servant, or by banker, merchant or agent) of the IPC and under the provisions of the Prevention of Corruption Act (PCA).

Maruti Suzuki India, India’s largest car maker, on Tuesday said it would be recalling 33,098 vehicles, including its popular models Alto 800 and Alto K10.

According to the company’s statement to the stock exchanges, the recall is to inspect and replace the ‘right hand door latch assembly’. Maruti Suzuki dealers in the domestic market will contact customers who have cars manufactured between December 8, 2014 and February 18, 2015, it stated.

Stock markets fell for the second straight session with the benchmark Sensex today sliding 134.91 points to one-month low of 28,709.87 as investors sold realty, power and oil&gas shares amid lingering worries over an earlier-than-expected hike in US interest rates.

After yesterday's over 604-point crash, the 30-share BSE Sensex opened in positive terrain but soon succumbed to selling pressure. It touched day's low of 28,584.49.

Prime Minister Narendra Modi on Tuesday congratulated Indian cricket team for winning the World Cup match against Ireland at Hamilton.

Prime Minister Modi took to Twitter to send his congratulatory message.

The Madras High Court today asked the Korean automajor Hyundai to take part in the Competition Commission of India's ongoing investigation against all the major car makers in country for alleged violation of trade norms in after-services market and spare parts.

Division bench of Justice Satish K Agnihotri and Justice M Venugopal ruling comes in response to a petition filed by Hyundai against a single judge order, which was passed last month.

A Rs 15,000-crore share sale by the country’s biggest lender, State Bank of India (SBI), could be launched as early as this month, said sources. The lender, with market value of Rs 2.17 lakh crore, plans to launch a follow-on public offering (FPO) under the fast-track route, under which the regulatory approvals required to come out with a public issue are less.

The bank has sounded off all the nine bankers managing the share sale to be ready to hit the market “anytime”, said a banker handling the issue, asking not to be named.

The National Highway Authority of India (NHAI) is likely to fall short of its target of road construction for the current fiscal, and what's more the execution rate declined by 17 per cent to 3.41 km per day during the first eight months of FY15 from 4.14 km per day during the same period in the preceding year.

According to a recent analysis by credit rating firm ICRA, the NHAI has awarded 1,572 km of contracts during eight months of FY 15 (April-Nov ember 2014), while it had set itself a target of 5,500 km for FY 15, 35 per cent of which was earmarked for Build-Operate-Transfer (BOT) segment and rest for Engineering Procurement and Construction (EPC) mode.

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