Wholesale despatches of automobiles bounced back smartly in December with automakers replenishing the stocks at dealers ahead of the price increases in January. A low base effect also helped boost the numbers. The smart 14% y-o-y rise in the CV despatches at Ashok Leyland was encouraging; the Street had not pencilled in such a strong performance, said the automaker.

Private equity firm KKR is setting up a private infrastructure investment trust (InvIT) to house operating renewable energy assets it aims to acquire in India. InvITs will manage income-generating infrastructure assets, offer a regular yield to investors and a liquid way to invest in infrastructure projects. This will be the second InvIT backed by KKR in India.

Tata Steel transferred its stake in two companies to TSDPL, a wholly-owned subsidiary of the firm. The steel conglomerate today transferred the 51% stake it holds in JCAPCPL and 50% stake it holds in TBSPL to TSDPL. according to Tata steel, this step was taken to reorganise the company's India footprint into four clusters to to drive scale, synergies and simplification.

The elimination of inter-operator IUC charges may result in certain EBITDA gains for Vodafone Idea and some impact for Jio, while it will be neutral for Airtel, according to a report by Credit Suisse. The zero IUC (Interconnect Usage Charges) regime was previously slated to come into effect from January 2020, but then the telecom regulator deferred its implementation till January 1, 2021.

Despite disruptions in commercial activities due to the COVID-19 crisis, sales of motor spirit and diesel have increased during 2020, which indicates a revival of the economy, an official of Indian Oil Corporation (IOC) said on Friday. During 2020, sales of motor spirit have increased by 108 percent and diesel by 96 percent over the previous year, IOC director (marketing) Gurmeet Singh said.

LinkedIn is an American business & employment-oriented online service that operates via websites and mobile apps. Launched on May 5, 2003, the platform is mainly used for professional networking, and allows job seekers to post their CVs and employers to post jobs. "Cloud and distributed computing” and “Statistical Analysis and Data Mining” are the most popular skills to get hired. Did you know it?

The government has sought bids from top 19 law firms for selecting legal advisors that will facilitate for disinvestment of 10% equity in Rashtriya Chemicals & Fertilizers Limited (RCFL) through an offer for sale or OFS. Firms are to submit their bids by January 29, the department of investment and public asset management (DIPAM) said on Friday.

Paddy procurement has increased by 25% so far in the ongoing Kharif marketing season to 487.92 lakh tonnes, valued at Rs 92,121 crore. The Kharif marketing season (KMS) starts from October. The Food Corporation of India (FCI) and state agencies have purchased 487.92 lakh tonnes of paddy till December 31 as against 390.56 lakh tonnes in the corresponding period of the previous year.

Adani Green Energy Ltd (AGEL) on Friday said its wholly-owned subsidiary Adani Renewable Energy Holding Eight Ltd (AREHEightL) has been awarded a 600-megawatt wind-solar hybrid power project by Solar Energy Corporation of India. With the latest win, AGEL's total capacity stands at 14,795 megawatts (MW) of renewable energy. Of this, 2,950 MW of renewable energy projects are operational.

The country's largest two-wheeler maker Hero MotoCorp on January 1 reported 5.02 percent increase in total sales at 4,47,335 units in December. The company had sold 4,24,845 units in the same month of the previous year, Hero MotoCorp said in a statement. Total motorcycle sales stood at 4,15,099 units last month as against 4,03,625 units in December 2019, up 2.84 percent.

Bajaj Auto on January 1 said it has become the first two-wheeler company globally to cross a market capitalisation of Rs 1-lakh crore. This market valuation is considerably higher than all other domestic two-wheeler companies, Bajaj Auto said in a statement. The company's sharp focus on the motorcycles category and its unwavering commitment to strategies helped in achieving this feat.

The ED on January 1 said it has attached assets worth Rs 72 crore of a Maharashtra-based man whose wife's alleged transaction with Shiv Sena leader Sanjay Raut's spouse is under its scanner in the over Rs 4,300 crore PMC Bank money laundering case. The central probe agency alleged that the man, Pravin Raut, had "siphoned off" Rs 95 crore worth of funds from the scam-hit bank.

The CBI has booked Delhi-based Shakti Bhog Foods Limited for an alleged fraud of Rs 3,269 crore on a consortium of 10 banks led by the State Bank of India (SBI), officials said on January 1. On a complaint from the SBI, the agency has booked the managing director of the company, Kewal Krishan Kumar, and other directors Siddharth Kumar and Sunanda Kumar, they added.

Bank credit growth on a year-on-year basis stood at 5.4% in the September quarter of the current fiscal year compared to 5.7 per cent growth in the previous quarter, RBI data showed. Credit growth for metropolitan branches, which have a major share in bank credit, decelerated to 3.3 per cent year-on-year in September 2020 quarter as compared to 4.7 per cent in April-June.

Amazon has entered the Indian television market by introducing its first series of televisions under the AmazonBasics brand. AmazonBasics televisions have been unveiled in two different sizes including 50-inch and 55-inch. The 50-inch TV will cost you Rs 29,999 whereas the 55-inch Smart TV can be bought at Rs 34,999. Both the models have been listed on the Amazon India website.