Newsmakers: Maggi production begins, IndiGo IPO subscribed 80% and more

Nestle starts Maggi production: Swiss giant Nestle said it has resumed manufacturing of its instant noodles Maggi at three of its India facilities and will hit the markets after getting clearances from food testing laboratories. The company will send first samples of the fresh batches to three accredited labs for tests in compliance with the order of Bombay High Court.

Disinvestment shortfall not to upset fiscal deficit target, says FM: Terming disinvestment target as challenging, Finance Minister Arun Jaitley said lower receipts will not upset the fiscal maths and there will be no difficulty in meeting the fiscal deficit target of 3.9 per cent set for the current financial year.

IndiGo IPO subscribed 80%: The Rs 3,018-crore initial public offer of IndiGo's parent InterGlobe Aviation was subscribed 80 per cent on the first day of the issue on Tuesday. The portion reserved for qualified institutional buyers (QIB) was over-subscribed 2.8 times, according to data from the National Stock Exchange.

Robust sales drive Maruti Suzuki Q2 net up 42%: Country's top carmaker Maruti Suzuki India reported a 42.1 per cent jump in net profit at Rs 1,225.56 crore for the September quarter, driven by strong sales growth, lower material cost and favourable foreign exchange. The company had posted a net profit of Rs 862.54 crore during the same period last fiscal. Net sales of the company rose 13.2 per cent to Rs 13,574.8 crore during the second quarter as against Rs 11,996.33 crore during the same period year ago.

Bajaj launches Avenger variants: Bajaj Auto launched the Avenger Cruise 220, Street 220 at Rs 84,000, and the Avenger Street 150 at Rs 75,000 (Delhi showroom prices exclusive of taxes). All three bikes have twin spark, two valve DTS-i engines.