CHENNAI: Mercedes-Benz India has launched its luxury sedan, the CLA-Class, which sets a new benchmark in the segment in terms of styling, size and aerodynamics.

With its surging lines and energetic, expressive surfaces, the CLA captures the attention and does not let go. Its looks do not just set the pulse racing, but they also give the CLA-Class the lowest drag coefficient of any production car in the world.

The Congress and Aam Aadmi Party (AAP) were struggling to come to terms with seeming internal dissension on Thursday. The Congress leadership was upset with senior leader Janardan Dwivedi’s ostensible praise of Prime Minister Narendra Modi. AAP leaders resented the laudatory comments by party founder Shanti Bhushan for former colleague Kiran Bedi and criticism of party chief Arvind Kejriwal.

The Securities and Exchange Board of India (Sebi) through a board of directors meeting on Thursday, eased its recently introduced delisting regulations.

The regulator had asked acquirers to garner shares from 25 of every 100 shareholders in a company, irrespective of the amount of stake they held. It has now said this would not be applicable if it can be shown that all shareholders were contacted.

ICICI Bank chief Chanda Kochhar on Thursday said investors are looking for ‘continuous and quick decision-making’ as also for the capital investment plans of the government in various areas, including infrastructure.

Here to attend the World Economic Forum Annual meeting, Kochhar said everyone is also looking forward to the finalisation of the GST legislation and further steps to improve ease of doing business and enhance investments.

With uncertainty looming large over disinvestment in Oil and Natural Gas Corporation Limited (ONGC) and Coal India, the government is exploring options to sell stake in Indian Oil Corporation (IOCL), Bharat Heavy Electricals (BHEL), National Aluminum Company (Nalco) and NMDC.

At a time when meeting the Budget target of Rs 58,000 crore for the current financial year seems difficult, this stake sale would fetch the government about Rs 18,000 crore (Rs 8,100 crore from IOC; Rs 3,500 crore from BHEL; Rs 1,230 crore from Nalco; and Rs 5,426 crore from NMDC).

In the first major expansion drive for its software development centre in the city, IT major Wipro Technologies has committed a 4,000-seater facility in Bhubaneswar. The facility would come up on the IT firm's existing campus spread over 26 acres of land at the Infocity area on city's outskirts.

"Wipro has discussed its expansion plan for Bhubaneswar. They have committed to set up a 4,000-seater complex in 18 months. Construction work on this facility is expected to commence in a couple of months. Wipro would set up a G+8 block at its existing facility.

Reliance Industries (RIL) kicked off this year’s first benchmark issue of bonds on Thursday by raising $1 billion through a dollar bond issue. The funds would be used for its ongoing capital expenditure, RIL said in a statement.

Despite its rich cash pile (Rs 78,691 crore as of December 2014), RIL prefers to raise debt to finance its ventures. Its cash pile, however, is down from Rs 83,456 crore in December 2013. Between December 2013 and December 2014, RIL’s debt rose from Rs 1,42,084 crore to Rs 1,50,007 crore.

Tata Motors on Thursday launched the Bolt, a hatchback, starting at Rs 4.64 lakh (ex-showroom, Mumbai). The company is pitting this car against segment leaders Maruti Suzuki Swift and Hyundai Grand i10.

The Bolt, Tata Motors’ second launch in five months, is based on the platform of its compact sedan Zest. The base petrol variant of the Bolt costs Rs 36,000 less than the Zest in Mumbai.

The Securities and Exchange Board of India (Sebi) plans a discussion paper on additional measures for algorithmic trading. A note on the conversion of bank loans into equity was also likely, said Sebi Chairman UK Sinha.

Speaking at an Association of Mutual Funds in India meeting, he said Sebi had taken a number of steps on algo trading. “We are likely to take more. We are trying to evaluate what measures to take and what will be their impact. As and when we decide, and it won’t be too long in the future, we will take more measures,” he said.

The half a dozen public interest suits filed in various courts across the country against the proposed launch of the four-wheeled transport vehicle called a quadricycle has been instigated, believes Pune-based Bajaj Auto.

Instigated, I think...I won’t like to say by whom, Kevin D’Sa, its president (finance) told analysts.

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