New Delhi, May 18 (IANS) A leading automobile firm, Maruti Suzuki India, on Monday said it has commenced commercial production at the second plant of its Kharkhoda manufacturing facility in Haryana.According to the automobile company, the second plant has an annual production capacity of 2.5 lakh units, taking the total capacity at the Kharkhoda facility to 5 lakh units per annum.With the latest expansion, Maruti Suzuki’s overall annual production capacity across its manufacturing facilities i…
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New Delhi, May 18 (IANS) Bank of India on Monday announced an increase in interest rates on medium- and long-term fixed deposits of less than Rs 3 crore, effective today.According to the state-owned lender, the revised interest rate for fixed deposits with tenures ranging from one year to less than two years has been increased to 6.50 per cent per annum.For deposits with maturities between two years and less than three years, the interest rate has been revised to 6.60 per cent, while three-year …
New Delhi, May 18 (IANS) HDFC Asset Management Company on Monday said it experienced a cybersecurity incident after receiving a communication from an anonymous source claiming access to certain portions of its IT infrastructure, according to an exchange filing.The HDFC Bank-backed firm said the incident occurred on May 16, following which it immediately activated necessary containment and incident response protocols to mitigate potential risks.HDFC AMC said it has engaged a specialist cybersecur…
New Delhi, May 16 (IANS) Emcure Pharmaceuticals on Saturday said the United States Food and Drug Administration (US FDA) completed a current Good Manufacturing Practices (cGMP) inspection at its formulations manufacturing facility in Sanand, Ahmedabad, Gujarat, and issued a Form 483 with seven observations.The inspection was conducted between May 6 and May 15, 2026, at the company’s facility located in the G.I.D.C. industrial area in Taluka-Sanand, Ahmedabad. According to the company, the obse…
New Delhi, May 15 (IANS) Shares of gold loan NBFC Muthoot Finance declined over 8 per cent on Friday as the company reported weak operational performance in March quarter, which highlighted concerns over falling customer numbers and rising impairments despite strong profit growth.On the BSE, the NBFC stock fell as much as 8.12 per cent to hit an intraday low of Rs 3,242.20 apiece. At the last count, the stock was trading at Rs 3,290, down 6.77 per cent from the previous close.In its quarterly fi…
Mumbai, May 14 (IANS) State-run gas distributor Mahanagar Gas Limited (MGL) has hiked compressed natural gas (CNG) prices across the Mumbai Metropolitan Region (MMR), raising retail rates by Rs 2 per kg.Following the latest revision, CNG will now cost Rs 84 per kg across Mumbai, Thane, Navi Mumbai and other parts of the MMR with immediate effect.The fuel was previously priced at Rs 82 per kg. The latest hike comes amid rising input costs and prevailing market conditions.Reports claim that soon a…
New Delhi, May 12 (IANS) Leading automobile firm Maruti Suzuki India Limited on Tuesday said that it selected six startups under the 10th cohort of its flagship accelerator programme to develop AI-based and technology-driven solutions aimed at improving automation and enhancing customer experience.According to the firm, the selected startups, named Goat Robotics, SheerDrive, Schijnenn Digital, GenbaNEXT, Swayatt Drishtigochar and Swiftex, have been awarded paid Proof of Concepts (PoCs) to co-cre…
New Delhi, May 8 (IANS) Quick commerce services provider Swiggy on Friday reported that its FY26 full financial year loss widened to Rs 4,154 crore compared to Rs 3,117 crore in the previous fiscal.However, the company reported a narrowing of its net loss to Rs 800 crore for the quarter ended March 31, 2026, compared to a loss of Rs 1,081 crore in the same period last year.The online food and grocery delivery platform posted a 45 per cent year-on-year rise in revenue from operations at Rs 6,383 …
Mumbai, May 1 (IANS) India’s stock market activity in April presented a contrasting picture, as strong gains in equities boosted cash market trading, while higher taxes and regulatory tightening weighed on derivatives volumes.Cash market turnover rose 7 per cent during the month, supported by a sharp rebound in equities after the steep correction seen in March.Benchmark indices staged their strongest monthly recovery in over a year, with the Sensex climbing 6.9 per cent and the Nifty advancing…
Mumbai, April 30 (IANS) State-owned Union Bank of India on Thursday dismissed recent media reports regarding variations in deposits, stating that the claims are based on an unverified letter and contain factual inaccuracies.In a clarification statement, the bank said its financial statements undergo rigorous audit processes and have received unmodified audit opinions, confirming a true and fair view in line with regulatory and accounting standards.The bank said that it continues to focus on depo…