There is some bad news for domestic air travelers. In a latest move major Airlines (Air India, Jet Airways and Kingfisher Airlines) including low-cost carriers have withdrawn all promotional fares and increased basic fares by around Rs 2,000 on several sectors from Tuesday.

The companies have decided to stop the low-fare advance purchase (APEX) schemes, quoting that the airfares would now be decided by the market.

India's No. 2 motorcycle maker, Bajaj Auto plans to increase its stake from 25% to 30% in KTM Power Sports, Europe`s second-largest sports bike manufacturer.

During a press conference, Rajiv Bajaj, Managing director of Bajaj Auto, disclosed that the company is tightening its grip on KTM Power Sports and the stake hike would be concluded in six to eight weeks.