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Tata Sons sells 1.5% stake in TCS; stock falls 6%

Tata Sons sells 1.5% stake in TCS; stock falls 6%

Tata Consultancy Services (TCS) dipped 6% to Rs 2,872 on the National Stock Exchange (NSE) after the promoter Tata Sons sold around 1.5% stake in information technology (IT) major through block deals.

Till 09:27 am; a combined 34.74 million equity shares representing 1.8% holding of TCS have changed hands on the NSE and BSE.

Modi, Macron launch UP's biggest solar power plant

Modi, Macron launch UP's biggest solar power plant

DADAR KALAN (Mirzapur): Prime Minister Narendra Modi and French president Emmanuel Macron jointly inaugurated the largest solar power plant of the state at Dadar Kalan village of Chhanvey block of Mirzapur district on Monday.

While the PM was in his usual attire of Kurta Payjama, Macron was in black suit. However, both were wearing a maroon scarf around their neck which provided a distinct touch to the two dignitaries, who spent around 20 minutes at the inauguration ceremony.

Elliot, known for shaking up companies, buys tiny stake in Wipro

Elliot, known for shaking up companies, buys tiny stake in Wipro

Billionaire Paul Singer’s Elliott Management Corp. has bought a stake in Wipro Ltd., its first ever purchase of an Indian-based software outsourcer. The New York hedge fund acquired 1.855 million American depositary receipts, or about 0.04 percent of Wipro’s share capital, according to a filing with the U.S. Securities & Exchange Commission.

End of traditional food coupons? Paytm food wallet used in over 550 companies

End of traditional food coupons? Paytm food wallet used in over 550 companies

With digital transactions on the rise, Paytm recently announced that it is providing food wallet solution to over 550 companies across the country. Paytm food wallet which was launched somewhere around April last year is now serving companies like L’Oreal, Hero Motocorp, Quess Corp, KPIT, Allsource Technologies, Shoppers Stop, GAP, Big Basket and OML among others.

SC seeks details of unencumbered assets of Unitech Ltd

SC seeks details of unencumbered assets of Unitech Ltd

The Supreme Court today sought details of all unencumbered assets of embattled real estate major Unitech Limited and said that they would be auctioned to refund money to home buyers.A bench headed by Chief Justice Dipak Misra also imposed a cost of Rs 25 lakh on J M Financial Asset Reconstruction Company, which had taken over some loans advanced by HDFC Bank to Unitech Limited.

Kathmandu Airport Plane Crash: Bangladesh plane with 71 onboard crashes in Nepal, at least 8 dead

Kathmandu Airport Plane Crash: Bangladesh plane with 71 onboard crashes in Nepal, at least 8 dead

A US-Bangla Airlines aircraft with 67 passengers and four crew members on board on Monday overshot the runway and crashed at Nepal's international airport here, officials said.

The plane caught fire after it careened off the runway during landing and crashed onto a football ground near the airport, the Tribhuvan International Airport spokesperson, Prem Nath Thakur, was quoted as saying by the Kathmandu Post.

ONGC TO BAR KEY EXECUTIVES FROM FLYING TOGETHER IN CHOPPERS

ONGC TO BAR KEY EXECUTIVES FROM FLYING TOGETHER IN CHOPPERS

After losing key executives in a helicopter crash, state-owned Oil and Natural Gas Corp (ONGC) is veering around the idea of barring senior management from flying together in the same chopper.

The company lost five key operational personnel when a Pawan Hans helicopter crashed in the Arabian Sea in January.

India’s Ola takes its Uber rivalry to Australia with launch in Sydney

India’s Ola takes its Uber rivalry to Australia with launch in Sydney

Ola, Uber’s key rival in India, has taken its first step overseas after its service officially went live in Australia via a launch in Sydney.

The company announced its plans to go Down Under at the end of January and in Sydney, which is its first full launch, Ola said it has signed up over 7,000 registered drivers. Initially, passengers will be able to enjoy free rides for a limited time with plans introduce other “new initiatives” — read: promotions — in a bid to keep its service competitive once it begins charging.

Donald Trump considers ex-Microsoft executive as top economic adviser: official

Donald Trump considers ex-Microsoft executive as top economic adviser: official

Washington/New York: Chris Liddell, a former executive at Microsoft Corp. and General Motors Co., is under consideration to become US President Donald Trump’s top economic adviser, a White House official said on Sunday, confirming media reports.

Trump is searching for a new director for the White House National Economic Council after Gary Cohn, a former Goldman Sachs president, said he would resign. Cohn’s decision came after Trump decided to put tariffs on steel and aluminium imports.

Essar Steel: Numetal, ArcelorMittal may be headed for legal battle

Essar Steel: Numetal, ArcelorMittal may be headed for legal battle

Mumbai: Early signals emanating from ArcelorMittal and Numetal, the only companies to have placed binding bids to acquire Essar Steel, hint at a protracted legal battle that could mire the resolution of the steelmaker’s debts.

Although the lenders of Essar Steel have not decided whether they are eligible to bid for the company’s assets, both ArcelorMittal and Numetal have indicated that they will pursue legal options if their bids are scrapped.

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