Committed to accelerate Air India’s disinvestment program soon, government is likely to invite the initial bids in a couple of weeks, PTI reported citing Civil Aviation Secretary RN Choubey. The process of Air India’s disinvestment is likely to invite Expressions of Interest (EoIs) from interested parties in the coming few weeks, PTI reported. Currently, the ministry is also engaged in finding buyers for its subsidiaries and Pawan Hans, the report said.

Microsoft has confirmed it will discontinue Windows "10 S" - the latest version of its flagship Operating System (OS), released in mid-2017 in favour of a special "S Mode" that is the new version of Windows designed to compete with Google Chrome OS.

The tech giant is contemplating a new "S Mode" for Windows 10 Home, Enterprise and Pro versions of the OS.

Leading global IT services organisation, Tata Consultancy Services (TCS), on Thursday was named as the fastest growing IT services brand in the world in an assessment done by leading brand valuation firm, Brand Finance.

According to Brand Finance IT Services 15 annual report for 2018, TCS now has a total brand value of $10.391 billion; a growth of 14.4 percent from last year's total of $9.081 billion, with an increase of $1.309 billion.

Ashok Leyland (ALL) hit a new high of Rs 145, up 2.5%, extending its previous day’s 1% gain on the BSE in otherwise subdued market. Hinduja Group flagship ALL has outperformed the market by gaining 8% in past one month, as compared to 3.6% decline in the S&P BSE Sensex.

The company’s net profit jumped almost three-fold to Rs 4.49 billion in Q3 from Rs 1.61 billion in the same period a year earlier, overtaking analysts’ estimates of Rs 4 billion.

MUMBAI: The RBI has penalised SBI Rs 40 lakh for not complying with its directions on detection and impounding of counterfeit notes. The RBI said it found deficiencies on SBI’s part in regulatory compliance with counterfeit note norms. The action is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the RBI added.

Snapping their six-day losing streak, stocks staged a strong comeback in early trade , with the BSE Sensex rebounding by 274 points and the Nifty recapturing the 10,200-mark on fresh buying by domestic institutional investors.

Asian markets were also trading in the green, boosted by easing fears of a global trade war as the White House signalled it would water down plans for contentious metal tariffs.

The stock of India’s second-largest private sector lender ICICI Bank recouped losses in the early trades on Thursday surging over 2% after a six-day rout including the two-day of sharp declines after SFIO probe. Shares of ICICI Bank topped the BSE Sensex on Thursday and contributed the most to the index gains, providing the major boost.

Laying emphasis on keeping pace with the highly-dynamic nature of the digital world, Trai chairman RS Sharma on Wednesday said regulations and policies of the government must also be dynamic so as to cater to constantly changing needs of digital domain.

“A lot is changing in the digital world and policies need to change with it, so as to handle issues that arise with this change.

While the government’s structural reforms augur well for the long term, much would depend on a supportive macro environment and adaptiveness of businesses to the changes, SN Subrahmanyan, CEO & MD, Larsen & Toubro, tells Shubhra Tandon. Excerpts:

The year 2017 saw some significant reforms, the most important being GST. This also caused some disruptions to business. How do you view business activity now and what is your outlook for 2018?

The new 2018 TVS Apache RTR 160 will be launched in India on 14th March. The company has already started sending out invites for the launch event. Though the invite does not mention the exact name of the motorcycle, we believe that the upcoming bike will be the new RTR 160. At the launch of TVS Apache RR 310, the company had announced that the next launch under the Apache line up will be the updated Apache RTR 160.

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