VE Commercial Vehicles, a joint venture between AB Volvo and Eicher Motor Ltd (EML), has been facing tough times in the last few months with industry-wide commercial vehicle sales plummeting.

Slipping international traffic is pushing foreign carriers operating out of India to downsize capacity and drop loss-making routes.

Tata Consultancy Services (TCS), India's largest software company, is planning to extend working hours of its staff beginning April.

In a bid to maintain retail electricity prices ahead of the general elections, due in April-May this year, the government has decided to keep naphtha imports free of customs duty beyond March 31.