Wal-Mart India, the wholly-owned subsidiary of Wal-Mart Stores Inc of the US, on Tuesday launched its B2B e-commerce platform - www.bestpricewholesale.co.in -exclusively for members of Best Price Modern Wholesale (BPMW) stores in Hyderabad and Lucknow, providing them with an online shopping opportunity. As a virtual store, the e-commerce platform provides a similar assortment of products, as well as special items to its members.

Conglomerates are sometimes referred to as “corporate chaos” because of the complex web of businesses they manage. Shares of these companies tend to trade at a discount compared to standalone businesses, as investors find it difficult to gauge a fair value of the diverse businesses these behemoths house. India’s engineering and construction giant Larsen & Toubro has found itself at the receiving end of some very tough questions for these very reasons as investors believe it has spread itself too thin.

Air India and Jet Airways have started offering an additional four per cent incentive since last week to agents for selling business class seats on domestic routes. The move to increase sales comes ahead of Tata- Singapore Airlines’ entry in the domestic market.

The additional incentives are being offered for sale till September-end. Air India and Jet Airways also offer one per cent regular commission. Agents also earn productivity-linked commission for meeting sales targets.

Ratan Tata, who steered the country's biggest industrial group for two decades, said he would discuss everything, from mergers to his private life, in memoirs to be published in a Japanese newspaper.

The 76-year-old industrialist, in comments carried on Tuesday in Japanese in the Nikkei newspaper, said stepping down in December 2012 as chairman of the Tata Group, had given him a chance to reflect.

In a revival sign for the country’s troubled automobile industry, nine leading carmakers’ combined sales in June was 18 per cent higher than those in the same month last year.

A new and stable government at the Centre seemed to have bolstered consumer sentiment, as buyers returned to showrooms — the nine passenger vehicle manufacturers that released their numbers on Tuesday sold a combined 204,287 units in the month, compared with 173,624 in June 2013.

L&T Finance Holdings is trading higher by 2.5% at Rs 76.35 after the company said its board has approved to raise up to Rs 263 crore by issuing Cumulative Compulsorily Redeemable Preference Shares (CCRPS) on private placement basis.

Benchmark indices continue to remain positive in a tight range led by buying among metal and auto shares.

By 10:50, the Sensex was higher by 90 points at 25,504 mark and the Nifty gained by 22 points at 7,634 levels.

Country's largest car-maker Maruti Suzuki India (MSI) today reported a 33.5 per cent increase in its total sales for June at 1,12,773 units as against 84,455 units in the same month last year.

Maruti Suzuki India said its domestic sales rose by 31.1 per cent during the month to 1,00,964 units as against 77,002 units in June 2013.

A reported bomb threat on a Delhi-bound Air India plane from Kochi, with 164 people on board, which landed under emergency conditions at the airport here, was a hoax, police said today.

The Airbus 320 (flight AI-047) was searched "thoroughly" after its emergency landing late last night and no bomb or explosive material was detected, Bangalore Additional Commissioner of Police (Law and Order) Kamal Pant said.

India and China today signed three key MoUs, including one on industrial parks and flood data of Brahmaputra river, coinciding with the visit of Vice President Hamid Ansari here.

The agreements were signed in the presence of Ansari and his Chinese counterpart Li Yuanchao after their talks.

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