Mobikwik has put out a front-page advertisement taking a dig at Indian companies with Chinese investments, particularly its arch rival Paytm. The latest iteration of Mahindra Thar scored four stars for adult and child safety in Global NCAP crash test. Union Cabinet on Wednesday approved the merger of Lakshmi Vilas Bank with DBS Bank India; the amalgamation will come into effect from November 27. Read for more top stories from the world of business and economy:
Despite significant Chinese investment in Paytm, founder Vijay Shekhar Sharma has been vocal about his support for ban on apps from neighbouring country. He was among first ones to laud government's decision to ban 59 Chinese apps back in June.
Mahindra's latest off-roader Thar, launched in India on October 2, has received good response from the market with bookings of over 20,000 units and a waiting period stretching up to seven months.
The first 50 LNG stations, for heavy vehicles like buses and trucks, will be set up by public sector firms IOCL, BPCL, HPCL, GAIL, PLL, Gujarat Gas and their joint venture companies and subsidiaries.
The new facility, spread across 2,000 square meters with Bio Safety Level (BSL) 3 suite, will be specially designed as a multiproduct facility for viral vaccines in the pipeline that includes dengue, Zika and varicella.
Govt has asked RBI to take action against people in management who drives banks to brink of collapse, says Union minister Prakash Javadekar; deal also marks first instance when a foreign entity was roped in to bail out a struggling bank in India.