BS Reporter
BS Reporter
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Periscope: Drive against red beacons on cars begins today
In other news, BJP's Amit Shah will visit Shimla on Wednesday and Thursday
 "Periscope: Drive against red beacons on cars begins today")
eSahai to launch medical taxi hailing service
Company expects to have 2,000 medical taxis up and running on its platform across five-six cities
 "eSahai to launch medical taxi hailing service")
Reliance Industries moves SAT against Sebi ban, penalty
RIL was asked to disgorge Rs 447 crore, along with an annual interest of 12% since November 29, 2007
 "Reliance Industries moves SAT against Sebi ban, penalty")
Ex-US ambassador Vinai Thummalapally joins Cyient's board
Appointment became effective since April 20
 "Ex-US ambassador Vinai Thummalapally joins Cyient's board")
Royal Enfield sales grow 25% in April
Over 60,000 units sold in April
 "Royal Enfield sales grow 25% in April")
Maruti sells record 144,081 cars in April, domestic volumes up 23%
Maruti Suzuki has started the new financial year on a strong footing
 "Maruti sells record 144,081 cars in April, domestic volumes up 23%")
Burning cash: Ola reports 3-fold jump in losses at Rs 2,313 crore in FY16
Ola which is engaged in a battle with global rival Uber has been burning money
 "Burning cash: Ola reports 3-fold jump in losses at Rs 2,313 crore in FY16")
Govt to ensure power price at Rs 3/unit: Piyush Goyal
Target set irrespective of source in medium term; minister rules out tariff hike for farmers
 "Govt to ensure power price at Rs 3/unit: Piyush Goyal")
Kotak buys out Old Mutual's 26% stake for Rs 1,293 cr in insurance arm
With this transaction, Kotak Life will be fully owned by Kotak Mahindra Group
 "Kotak buys out Old Mutual's 26% stake for Rs 1,293 cr in insurance arm")
S Chand IPO subscribed 60 times
The 7.7-million share offering has so far received bids for 456 million shares
 "S Chand IPO subscribed 60 times")
Chennai entrepreneurs moot incorporation of mediation clause in contracts
Entrepreneurs often resort to alternate ways to get a quick fix
 "Chennai entrepreneurs moot incorporation of mediation clause in contracts")
Chola Finance net profit up 14% to Rs 221 cr
Total income from operations stood at Rs 1,222 cr
 "Chola Finance net profit up 14% to Rs 221 cr")
Digital transaction in ITC's rural hypermarket up 13%
The company had started offering a 1% discount on purchase of ITC products across Choupal Saagars
 "Digital transaction in ITC's rural hypermarket up 13%")
SC to draft issues in WhatsApp-Facebook privacy case
Two Delhi students have alleged that the messaging services violate right to confidentiality
 "SC to draft issues in WhatsApp-Facebook privacy case")
Telangana assembly passes bill to increase quotas for STs, Muslims
The bill seeks to provide 12% quota for Muslims, 10% quota for STs
 "Telangana assembly passes bill to increase quotas for STs, Muslims")
USFDA completes inspection of Dr Reddy's Srikakulam SEZ unit
USFDA recently issued Form 483 with two observations to DRL's another API facility at Srikakulam
 "USFDA completes inspection of Dr Reddy's Srikakulam SEZ unit")
Bengaluru-based Printo elevates Balu Iyer to position of CEO
Under Iyer's leadership, Printo is looking to double its revenue in the next three years
Hyderabad HC stays SBI's plan to assimilate associate banks' officers
Orders come on last day of deadline for submission of joining options by staff of associate banks
 "Hyderabad HC stays SBI's plan to assimilate associate banks' officers")
Bajaj Allianz Life Insurance appoints Tarun Chugh as MD and CEO
Tapan Singhel re-appointed as MD and CEO of Bajaj Allianz General Insurance for five years
 "Bajaj Allianz Life Insurance appoints Tarun Chugh as MD and CEO")
All LPG grades to be taxed under singular GST rate
Auto LPG is the third most commonly used automotive fuel in the world
 "All LPG grades to be taxed under singular GST rate")