India’s third largest two-wheeler maker Bajaj Auto on Monday reported a 12% decline in total motorcycle sales in January at 246,955 units as against 281,390 units posted in the same month last year.

Exports grew 4% during the reporting month at 142,992 units as compared to 137,644 last January.

HDFC Bank is likely to raise Rs 10,000 crore on Tuesday. The private lender is said to have appointed Bank of America Merrill Lynch to manage the share sale. The bank is considering a part-American depository receipt (ADR) issue and part-qualified institutional placement. Fund raising through the ADR route would be a smart move, as these are trading at a 10 per cent premium to domestic shares. Also, the fund-raising regime through this route has recently been eased.

Moving expeditiously to resume the process of mines allocation, the mines ministry has appointed investment banker SBI Capital Markets to suggest rules for auctions and the bidding parameters for selection.

SBI Capital Markets is the investment banking arm of State Bank of India.

As the prolonged Sebi-Sahara battle continues, the Securities and Exchange Board of India (Sebi) has revised lower the expenditure it intends to recover from the business group to Rs 25.88 crore in the current financial year towards money spent on identifying the investors and making refunds.

According to the court orders, Sahara was asked to bear the costs incurred by Sebi in identifying the investors and repayment of refunds to them, which has been an uphill task for the capital markets watchdog.

Mobile numbers will soon become an integral part of a person’s identity as the Narendra Modi government moves ahead to provide government services using the digital platform.

In his tweet address to the 18th National Conference on e-Governance, Prime Minister Narendra Modi wrote, “While we look at e-Governance, let us think about ‘mobile first’ and thus give importance to m-Governance (mobile governance),” he tweeted.

Prime Minister Narendra Modi on Saturday hailed scientists for the successful test-firing of 'Agni V' and said the missile is a prized asset for the country's forces.

"Successful test-firing of Agni V from a canister makes the missile a prized asset for our forces. I salute our scientists for their efforts," he tweeted.

A sharp drop in banking stocks following weak results and Coal India's mega offering saw the markets post their biggest drop in three weeks on Friday. Earnings posted by ICICI Bank and Bank of Baroda raised asset quality concerns, spooking banking stocks - which have weight of nearly a third on benchmark indices. Market players said selling pressure accentuated as investors liquidated their positions to invest in the share sale of state-owned Coal India.

Customers of Vodafone, Idea Cellular, Tata Teleservices and BSNL in some circles have reported maximum discrepancies in their phone bills, according to a latest report by telecom regulator TRAI.

As per the Telecom Regulatory Authority of India (TRAI) guideline, not more than 0.1 per cent of the total bills raised by a company in a service area should be disputed.

Ashok Leyland’s Q3 results were strong as volumes grew 80% y-o-y and 6% q-o-q on the recovery in the MHCV cycle and the economy.

Launch of various products led to this growth. The company’s market share rose to 26.6% in MHCV truck segment, which was a drastic improvement from 20% y-o-y and in the bus segment, it rose 250 bps to 37.5% y-o-y.

ICICI Bank, the country's largest private sector lender, said on Friday its consolidated net profit for the quarter ended December 31, 2014, rose 14 per cent from a year earlier to Rs 3,265 crore.

On a standalone basis, the net profit was up 14 per cent from a year before, at Rs 2,889 crore.

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