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Maruti, Hyundai post double digit sales growth in May

Report 10% sales growth in domestic market; Maruti sold 1,13,162 vehicles, while Hyundai sold 41,351 units

Jet fuel price hiked 9.2%

Price revision to hurt margins as airlines not hiking fares

Maruti resumes production at Gurgaon plant, Manesar on hold

The company is estimated to have lost production of 10,000 vehicles after it was forced to shut operations at both plants

Sebi tightens redemption rule for fund houses

Up to Rs 2 lakh to be allowed in any circumstance; some restriction in exceptional circumstances

Flipkart offers zero interest finance option for big-size items

Move seeks to make online shopping affordable for costlier items; customers can opt for EMIs with zero processing fee, down payment and interest

RIL temporarily shuts down PTA, PET units at Dahej due to water shortage

Firm says shortage due tp lower release of dam water and increased salinity of water supply to the manufacturing complex

Govt bullish on farm sector growth on hopes of good monsoon

India's agriculture growth had averaged just 0.5% in the first two-years of Modi govt due to back-to-back droughts

Maruti set to lose production of 10,000 cars

This will not only impact Maruti's May sales, but also the auto industry since the firm has 48% share in domestic passenger vehicle market

Private sector mobilised over Rs 2.36 lakh cr in FY 2015-16

Companies drum up Rs 4.92 lakh cr through bonds via private placements last year

New Sanofi vaccine facility starts commercial production

Unit will initially produce pentavalent and cholera vaccines, will be also registered for hepatitis B and tetanus shots

E-commerce firms second largest drivers of warehousing space: Study

The report by US based property consultancy CBRE also states that 2 million sq. ft. of warehousing space was taken up by e-commerce firms in 2015

Aurobindo Q4 net up 39% at Rs 563 cr

Company crosses $2 bn revenue mark in FY16

Ashok Lavasa takes over as finance secretary

The post of finance secretary has been lying vacant since Ratan Watal retired in April

MuSigma faces uncertain future as founder and CEO divorce

Split comes months after Rajaram moved to the US, stares at lawsuit by US investor

ISB's one-year management course sees higher competition

Interest for admission to the course also increased due to strong placements with the Class of 2016, which received a record 1,149 offers

Rolta Q4 net up 64% y-o-y

Revenue for the quarter slipped 10.5% at Rs 846 crore from last year's fourth quarter revenue of Rs 946 crore

Exchange traded investment grade gold should be exempt from indirect taxes: IIM-A

Calling for a spot gold exchange in India for efficient price discovery of the precious metal

Lycos Q4 net profit up 8.66% at Rs 84 crore

The total income rose to Rs 2,255.9 crore, an increase of 15.27% over Rs 1,957 crore in the previous year

Vahanalytics raises seed fund of $200,000 from Venture Catalysts

Launched in 2016, Vahanalytics aims to make drivers and roads better through smarter data and machine learning

Voices from villages don't reach Delhi: Gadkari

Gadkari said that people were not migrating happily from rural areas to urban areas but were forced to due to lack of amenities