India's second largest software services firm Infosys has signed a five-year agreement with global express delivery company TNT to help it simplify and transform technology applications.

As part of its turnaround and transformation strategy called 'Outlook', TNT is overhauling its IT capability to reduce complexity and cost and increase flexibility.

Hinduja Group flagship company Ashok Leyland today reported a 36% jump in total sales at 10,762 units for February, 2015, as against 7,915 units in the same month last year.

Sales for its heavy and medium commercial vehicles increased by 48% at 8,230 units in February as against 5,576 units in the year-ago period, the company said in a filing to the BSE.

An Air India pilots union has directed its members not to operate flights with commanders which the airline proposes to hire on contract.

The Indian Commercial Pilots Association which represents pilots on narrow body Airbus A320 fleet also has asked the management to withdraw the recruitment advertisement. Last week the airline announced it will hire 197 pilots including commanders and senior trainee pilots for its Airbus A320 fleet.

Country’s third largest software services firm Wipro has partnered with the World Economic Forum (WEF) to develop a cyber value-at-risk (VAR) framework that will allow organisations to assess threat landscape, the nature of assets needed protection and quality of defences.

As per the Forum’s estimates, if the sophistication of attacks keeps ahead of defensive capabilities, the resultant new cyber regulations and restrictive policies could hurt innovation by about $3 trillion by 2020.

Country’s largest carmaker Maruti Suzuki India (MSI) today reported 8.7 per cent increase in total sales in February at 1,18,551 units as against 1,09,104 units in the same period of last year.

The company said its domestic sales increased by 8.2 per cent during the month to 1,07,892 units as against 99,758 units in February 2014.

Mumbai: Bengaluru-based infrastructure conglomerate GMR Infrastructure Ltd on Monday said it plans to raise Rs.1,401.83 crore by selling shares to existing shareholders, in a bid to repay debt.

The issue will consist of 93.45 crore fully paid-up equity shares with face value of Rs.1 each, the company said in a filing to BSE. Eligible shareholders will be offered three shares for every 14 shares they hold.

Mumbai: Car maker Hyundai Motor India Ltd on Monday reported a 9.7% increase in its February domestic sales. The local arm of the South Korean car maker said it sold 37,305 units in the month against 34,005 units a year ago.

Rakesh Srivastava, senior vice-president of sales and marketing, credited the growth to additional and repeat buyers. He said such buyers were a bigger contributor to sales as compared with first-time buyers. He said the volumes were largely led by the i20, which found over 10,000 buyers during the month.

Merger of the Forward Markets Commission (FMC) with the Securities and Exchange Board of India (Sebi) allows a commodity exchange to expand in segments permitted under a stock exchange and vice versa.

From the proposed Bill in this regard, “all recognised associations under the Forward Contracts Regulation Act shall be deemed to be recognised stock exchanges under the Securities Contracts Regulation Act”.

Companies bidding for telecom spectrum and coal blocks might be in for a shock, as the Budget has proposed an enabling provision to allow service tax at 14 per cent on “all services” provided by the government to business entities.

“As of today, this will practically mean any service, including allocation of spectrum or mines, will attract service tax on the fee or royalty to be paid by companies,” says Sachin Menon, chief operating officer (tax), KPMG.

Shares of housing finance companies are trading lower by up to 4% on the bourses on profit booking after the Finance Minister presented the Union Budget 2015-16 in Parliament today.

LIC Housing Finance (4% at Rs 475), GIC Housing Finance (3% at Rs 243), Dewan Housing Finance (3% at Rs 495), Can Fin Homes (3% at Rs 609) and HDFC (down 2% at Rs 1,322) are trading lower in the range of 2-4% on the BSE.

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