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Saturday, October 06, 2018

Maruti launches WagonR limited edition
Maruti Suzuki India (MSI) yesterday said it has launched a limited edition of its compact hatchback WagonR, which comes with two optional accessories kits, priced at Rs 15,490 and Rs 25,490, respectively. WagonR Limited Edition comes with various added features including reverse parking sensors. "WagonR customers have always valued substance and style; with this limited edition we intend to make this festive season even more wonderful for them," MSI Senior Executive Director (M&S) RS Kalsi said. The company expects that this new limited edition will bring in freshness to the product and excite the customers across India, he added. WagonR  continues to be among the country's top five selling cars.

Average spot power price rises to Rs4.69/unit in Sep
Average spot power price surged 41 per cent in September to Rs 4.69 per unit as compared to Rs 3.34 per unit in August this year at Indian Energy Exchange (IEX), mainly due to higher demand, coal shortage and lower wind as well as hydro power generation. "The average Market Clearing Price (MCP) at Rs 4.69 per unit registered 41 per cent increase over 3.34 per unit price in August 2018 and 15 per cent increase over Rs 4.09 per unit in same month (September) last year," Indian Energy Exchange (IEX) said.

Zaggle partners with Ketan Diamonds
Hyderabad-based digital payments and group dining deals company, Zaggle, has partnered with Ketan Diamonds, a new entrant in the online diamond jewellery market in the country. With this partnership, all customers holding Ketan Diamond Gift Card powered by Zaggle can purchase and make payments seamlessly. Zaggle has partnered with Ketan Diamonds to provide an alternate payment acceptance platform and mode of payment in the form of co-branded physical &e- gift cards. Speaking on the tie up, Raj N Phani, Founder & Chairman, Zaggle said, “We at Zaggle aim to provide the best deals to our customers through our gift cards. As diamonds are considered to be a woman’s best friend and also the best gift to be presented for any occasion, we are sure that this tie-up will engage more customers and will create customer delight".

Rotary Job Fair 2018
Rotary International District 3141’s annual Rotary Job Fair 2018, will be held today at the Valia College in Mumbai, in association with Equitas Small Finance Bank. This year there are 2000+ positions that need to be filled in and the Rotary Club of Bombay Seacoast (as Lead host Club) is expecting at least 200 confirmations and generating an employment of around Rs. 3.5 crores in 1 day. This will give a big thrust to the Skill India initiative of the Govt of India. The opportunities are from across a variety of industries: Banking, financial services, Insurance etc.

Oil stocks plunge up to 25%
Shares of oil marketing companies yesterday fell over 25 per cent as the government announced Rs 2.50 per litre cut in petrol and diesel prices. On the BSE, shares of Hindustan Petroleum Corp Ltd (HPCL) tanked 25.18 per cent to end at Rs 165.05 and Bharat Petroleum Corp eased by 21.11 per cent to Rs 265.35. Besides, Indian Oil Corp (IOC) tumbled 16.19 per cent to Rs 118.05 and Oil and Natural Gas Corp (ONGC) lost 15.93 per cent to close at Rs 146.95. ONGC was also the biggest loser on the 30-share index.

Rosneft slams Indian taxation system, calls it hurdle
Russian oil firm Rosneft, the biggest foreign investor in India's energy sector, yesterday criticised taxation policy in the country saying it was a major hurdle in its expansion plans. Rosneft and its partners had in August last year completed a USD 12.9-billion acquisition of Essar Oil to enter the world's fastest-growing  energy market, but have to pay a 20 per cent withholding tax even after paying corporate tax and dividend, the Russian firm's First Vice President for Economics and Finance, Pavel Fedorov said. The Indian market's potential is unparalleled and "that's why we love to invest in India," he said.

Cochin Shipyard inks pact with Russia's USC to boost water transport
Cochin Shipyard has inked a pact with Russian firm United Shipbuilding Corporation (USC) to boost water transportation in India, Union Minister Nitin Gadkari said yesterday. Calling on Russian investors to tap the vast opportunities in India's infrastructure space, Gadkari said India has huge potential and appetite for innovation in the field. The water resources minister was addressing the India-Russia Business Summit. As per the MoU between the two entities, USC will engage in development of the stateof-the-art vessels for inland and coastal waterways in the country.

TTF Mumbai to give a strong boost to the Diwali travel market
The three-day Travel and Tourism Fair (TTF) in Mumbai began yesterday in Nehru Centre with over 150 exhibitors from 18 States/UTs and 4 countries. It offers a great face-to-face networking opportunity for travel trade and tourists, to grab the best deals for the upcoming festive seasons. After the hugely successful show at Ahmedabad, Surat and Pune, TTF Mumbai - the last part of the west series of TTF aims at satisfying the needs of avid travellers and travel trade professionals from in and around the city. It brings together under one roof State Tourism Boards, National Tourist Offices, Hoteliers, Airlines, Tour Operators and Travel Agents, Online Travel Agents, Railways and Cruise Lines. It also provides an opportunity for the tourists and travel trade to plan and book for the upcoming Diwali holidays.

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