Tata Motors is planning to double the share of CNG vehicles in its overall sales in the financial year 2023-24, an ETAuto report said. This comes on the back of healthy consumer demand for CNG vehicles, which have grown in popularity because of the high prices of petrol and diesel. Moreover, an increase in the number of CNG pumps has also attracted customers towards CNG.

The launch of Tata's premium hatchback with a CNG fuel option and the difference in the prices of petrol and CNG is helping the sales, the company told ET.

Shares of Force Motors (FML) hit an over four-year high of Rs 2,570.55, as they rallied 10 per cent on the BSE in Tuesday’s intra-day trade amid heavy volumes on expectation of healthy sales momentum in June. The stock of passenger cars & utility vehicles company was trading at its highest level since August 2018. In past three months, it has zoomed 129 per cent, as against 10 per cent rise in the S&P BSE Sensex.

American short seller Hindenburg Research’s report on the Adani Group in January was "targeted misformation" aimed to damage its reputation and misused by "vested interests", Gautam Adani, chairman of the Indian business conglomerate, has said.

Adani, in a letter to shareholders of group flagship Adani Enterprises, said Hindenburg published the report before India’s Republic Day and just as the company was planning follow-on public offering (FPO) that would have been the largest in India's market history.

The Congress on Tuesday staged a demonstration against the AAP government in Delhi over a hike in power tariffs in the national capital.

The monthly electricity bills of the majority of domestic consumers in Delhi -- who use more than 200 and up to 600 units -- will be hiked by up to Rs 265 due to an increase in the power purchase adjustment cost (PPAC) levied by discoms, officials said on Monday.

TCS has suspended four employees for violating its code of conduct, following a whistleblower complaint received earlier this month, sources said on Friday.

The Tata Group company, the largest IT services exporter in the country, has also barred an unspecified number of vendors who provided talent on a contractual basis, they added.

Credit card dues have grown by 30 per cent in the last year, which is double the pace of growth of overall bank loans, The Times of India (ToI) has reported. This has resulted in a situation where the credit card due payments have crossed the Rs 2 trillion mark for the month of April.

However, the report said lenders do not see this as something to be worried about as they see the share of credit card dues as small. Notably, the Reserve Bank of India has expressed its concern about growing unsecured bank credit.

India will remove additional duties on eight US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's measure to increase tariffs on certain steel and aluminium products, government sources said.

During the recent state visit of Prime Minister Narendra Modi to the US, both countries decided the termination of six WTO (World Trade Organisation) disputes and the removal of these retaliatory tariffs on certain US products.

Fintech major Paytm could add 15 million new customers for soundbox devices in the next 2-3 years, said a Bank of America (BofA) Securities report, which admitted that competition is high but Paytm has a first-mover advantage in this segment.

“Paytm was the first company in India to start deploying Soundboxes at scale and in the process, created a new market. As a result, Paytm has first-mover advantage in this space,” said the report.

Embattled Adani group is eyeing a 20 per cent year-on-year growth in pre-tax profits to reach Rs 90,000 crore EBITDA in 2-3 years on the back of robust growth in businesses ranging from airports to energy, according to a company note.

Earlier this month, the group repaid loans aggregating $2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller.

Praising Prime Minister Narendra Modi after he returned from his maiden state visits to the United States and Egypt, Union minister Meenakashi Lekhi on Monday said that the respect and honour the PM received on foreign soil is for the whole nation.

"The respect and honour Prime Minister Narendra Modi recieved during this state visit, that is for the whole nation," Lekhi said here.

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