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.

With bad loans continuing to be a problem, ICICI Bank is reportedly planning to re-start a special vertical to handle such assets.

The country's largest lender State Bank of India already has such a group called Stressed Assets Management Group to handle high NPAs, which came lower during the December quarter.

Come April, all senior-level Infosys employees are in for a bonanza. They will be eligible for a double bonus that could go beyond $100,000.

This long-term bonus, for those with the designation of associate vice-president and above at Infosys, was earlier disbursed once every two years but, since 2014, it’s become an annual payout. This will result in employees becoming eligible for double disbursal as the last one was made in 2013, people familiar with the situation told FE.

BENGALURU: Wipro has been recognized as the world's most ethical company by the Ethisphere Institute for 2015. The world's most ethical companies designation recognizes those organizations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company.

The Ethisphere Institute has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character.

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