Maruti Suzuki India Limited (MSIL) has countered the charges levelled against it by the consumer affairs ministry, saying that accepting pre-launch bookings for its mid-size Ciaz sedan is in no way an unfair trade practice and that it does not it violate consumer rights.

The booking is completely voluntary for customers and entirely at their discretion. The company accepts a token amount, which is adjusted against the price of the car at the time of purchase. Customers are free to cancel their booking at any stage; in which case, the token booking amount is fully refunded, said a company spokesperson.

Bandhan, which was recently granted an “in-principle” licence by the Reserve Bank of India (RBI), has collaborated with FIS, a US-based company, as its technology partner for the launch of the proposed Bandhan Bank.

FIS will be providing a fully integrated banking and payments platform via a totally outsourced delivery arrangement at Bandhan, according to a press release by the company. The seven-year technology outsourcing arrangement will provide services like core banking, channel solutions, trade finance, debit card management and transaction switching. FIS will also be responsible for the delivery and management of the entire IT infrastructure including all disaster recovery capabilities and the inter-branch network.

He has his roots in the software product industry, where productivity is not measured by billing the clients on the basis of works rendered for each hour unlike the information technology(IT) services industry. Now at helm of India’s second largest IT services company Infosys as the first non-founder chief executive officer and managing director, Vishal Sikka has clearly charted out that the reincarnated Infosys will not be interested in the ‘services of yesterday’, but something where people will be able to apply ‘design thinking’ leveraging efficiency tools such as automation and artificial intelligence.

During his little over than four months of working with Infosys, Sikka has in several occasions touched upon the way he would like the company to be transformed to the next level though the details are expected after the company’s quarterly earnings on Friday. But in his keynote address at the recently concluded Oracle OpenWorld in San Francisco, he dwelt upon a few of those aspects what he has envisioned for the company.

Pakistan must stop this unprovoked firing and shelling on the border in Jammu and Kashmir, Defence Minister Arun Jaitley said on Thursday.

He said that the ceasefire violations are an effort by Pakistan to precipitate tensions where none exist.

Markets extended gains and were trading near their day's highs after the first hour of trade led financials and capital goods shares coupled with a rebound in IT shares.

At 10:45AM, the 30-share Sensex was up 298 points at 26,545 and the 50-share Nifty was up 88 points at 7,930.

Extending its rising streak for the fourth straight day, the rupee surged by 31 paise to trade at two-week high of 61.09 against the dollar in early trade today at the Interbank Foreign Exchange on sustained selling of the US currency by exporters and banks.

Forex dealers said besides selling of the American unit by exporters and easing global crude prices, gains in other Asian currencies against the dollar and a higher opening in the domestic stock market, buoyed the sentiment.

NEW DELHI: BHELBSE 3.79 % rallies as much as 4.1 per cent in trade on Thursday, after the state-run company said that it has bagged a Rs 7,800 crore contract for setting up a 1,320 MW thermal power project in Tamil Nadu.

At 09:30 a.m.; BHEL was trading 3.4 per cent higher at Rs 208.80. It has hit a low of Rs 208 and a high of Rs 210.25 in trade today.

Kolkata will see the launch of IMG-Reliance and STAR India's football tournament, Hero Indian Super League, on Sunday (October 12). Besides team owners like Bollywood actors Ranbir Kapoor, Salman Khan and Abhishek Bachchan and former cricketers Sachin Tendulkar and Sourav Ganguly, the league has attracted sponsorships from brands across categories.

Most recent, cricketers Virat Kohli and Mahendra Singh Dhoni bought into the Goa FC and Chennai FC teams, respectively.

A better demand environment and lower costs are expected to aid Infosys, the country’s second largest information technology (IT) services company, to post a sequential improvement in financial performance for the July-September quarter (Q2 of 2014-15).

More than the figures, analysts and investors are focused on new chief executive officer Vishal Sikka’s comments about his strategy and vision.

After several postponement of tenders for gas sale, Oil and Natural Gas Corporation (ONGC) has finally allocated gas from its marginal field at Gamij near Kheda to players like Adani Gas Ltd (AGL), Astron Zircon Pvt. Ltd. and Akash Ceramics Pvt. Ltd.

While Adani Gas will utilise the gas to meet the demand from its industrial users, other companies mainly engaged in the production of sodium silicates, tiles, and ceramics will be able to directly procure gas as part of ONGC's effort to directly sell gas from its marginal fields.

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