Companies from coronavirus-hit China take up 20% of space in India’s biggest auto parts event

Companies from coronavirus-hit China take up 20% of space in India’s biggest auto parts event Chinese companies make up more than 20 percent of the total number of confirmed participants for the Components Expo. It was not immediately known if any of these companies are based in Wuhan, the Chinese city that was declared as the epicenter of the coronavirus.

Budget 2020: External investors keen to see roadmap for $5-trn GDP, says top UK official

Budget 2020: External investors keen to see roadmap for $5-trn GDP, says top UK official What overseas investors would like to see in the budget is a narrative which explains or articulates the target, said Richard Heald, Group CEO, UK India Business Council

Crude oil futures down 1.39% on rise in US inventory, coronavirus economic impact

Crude oil futures down 1.39% on rise in US inventory, coronavirus economic impact In the futures market, crude oil touched an intraday high of Rs 3,799 and an intraday low of Rs 3,751 per barrel on MCX. For the February series, the crude touched a low of Rs 3,735 and a high of Rs 4,663.

Kotak Mahindra Bank gets RBI nod to cap promoters’ voting rights at 20% till March

Kotak Mahindra Bank gets RBI nod to cap promoters’ voting rights at 20% till March The bank says promoters#39; voting rights will be capped to 15 percent from April 1 and their shareholding cut to 26 percent within six months of the final nod from RBI.

Rahul Bajaj to step down from executive role, to stay as non-executive Chairman of Bajaj Auto

Rahul Bajaj to step down from executive role, to stay as non-executive Chairman of Bajaj Auto Bajaj, who has been a director of the company since April 1, 1970, was last reappointed by the board for a five-year term with effect from April 1, 2015, and his term as executive chairman is expiring on March 31, 2020, the company said in a regulatory filing.

KTM introduces BSVI compliant bike range in India

KTM introduces BSVI compliant bike range in India The company, in which Bajaj Auto is a significant stakeholder, said the price increase in the BSVI range compared to the BSIV bikes will be between Rs 3,328 and Rs 10,496 depending on the model.

Hyundai Motor rolls out three millionth car from Tamil Nadu plant

Hyundai Motor rolls out three millionth car from Tamil Nadu plant The three millionth car was the company#39;s latest sedan Hyundai Aura which has been rechristened #39;Grand i10#39; for the Colombian market, rolled out from the assembly line at the state-of-the-art manufacturing facility in nearby Sriperumbudur.

Hunt for next JLR chief begins as Ralf Speth is all set to retire in Sept

Hunt for next JLR chief begins as Ralf Speth is all set to retire in Sept Speth will continue to remain on the board of Tata Sons

USFDA cautions Aurobindo Pharma#39;s oral solids formulation facility of regulatory action

USFDA cautions Aurobindo Pharma#39;s oral solids formulation facility of regulatory action The company stressed that it will work closely with the US Food and Drug Administration (USFDA) to comprehensively address the issues.

Axis Bank to raise up to Rs 4,175cr via NCDs

Axis Bank to raise up to Rs 4,175cr via NCDs "The committee of whole-time directors of the Bank, today approved the allotment of 41,750 senior unsecured redeemable non-convertible debentures of the face value of Rs 10 lakh each, for cash, at par aggregating to Rs 4,175 crore," Axis Bank said in a regulatory filing.

LT#39;s construction arm bags #39;large#39; order from Narmada Valley Development Authority

LT#39;s construction arm bags #39;large#39; order from Narmada Valley Development Authority The company, however, did not provide the exact value of the contract, but according to its project classification, "large" orders are those valued between Rs 2,500 crore and Rs 5,000 crore.

NIIT Technologies: Quality hard to ignore, but is the price justified?

NIIT Technologies: Quality hard to ignore, but is the price justified? While the superior execution should command a premium, the run-up in the stock leaves little valuation comfort. We advise investors to wait for any weakness to gradually buy the stock.

ABN AMRO strengthens partnership with TCS

ABN AMRO strengthens partnership with TCS This will help ABN AMRO, which is one of the largest banks in the Netherlands, to increase its innovation velocity and support its digital ambitions, a statement said.

Airtel Payments Bank raises Rs 225cr from Bharti Airtel, Bharti Enterprises

Airtel Payments Bank raises Rs 225cr from Bharti Airtel, Bharti Enterprises While Bharti Airtel has infused Rs 180.22 crore into Airtel Payments Bank, Bharti Enterprises has injected Rs 44.77 crore.

Auto Expo 2020: Nearly two dozen electric vehicles to charge up event

Auto Expo 2020: Nearly two dozen electric vehicles to charge up event The 2018 Auto Expo saw about 11 electric vehicle unveilings and zero launches

VFS to disburse Rs 1,450cr this fiscal

VFS to disburse Rs 1,450cr this fiscal The outstanding loan portfolio is expected to touch Rs 1,250 crore by the end of the current fiscal, he said.

Ola incentives lure drivers, numbers rise 10% after pay structure review: Report

Ola incentives lure drivers, numbers rise 10% after pay structure review: Report New structure, with average take rate of 20% for firm, gives drivers transparent view of earnings

Tulip Infratech forms JV for housing project in Gurugram at Rs 275cr investment

Tulip Infratech forms JV for housing project in Gurugram at Rs 275cr investment The company will construct 780 apartments, including 150 for the economically weaker section (EWS), in this project.

Was IndiGo within its right to suspend Kunal Kamra?

Was IndiGo within its right to suspend Kunal Kamra? The question is: Did IndiGo, and Air India and SpiceJet, follow the DGCA guidelines while barring the stand-up comedian from flying?

Green tech for mass adoption to be Maruti#39;s focus at Auto Expo: Kenichi Ayukawa

Green tech for mass adoption to be Maruti#39;s focus at Auto Expo: Kenichi Ayukawa Among the main attractions at the auto expo, which will be held from February 5-12 is the global premiere of Concept Futuro-e -- a futuristic electric coupé-style concept vehicle, the company said.