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.

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.

A Google model based on Artificial Intelligence (AI) and Machine Learning (ML) that helped NASA discover two exoplanets, is now available for researchers to process data from Kepler Space Telescope. The “TensorFlow” model decoded massive sets of data from NASA’s Kepler Space Telescope to discover two exoplanets last year, including one that has the first known eight-planet system like ours. One of the two newly-discovered planets is Kepler-90i — a sizzling hot, rocky planet that orbits its star once every 14.4 days.

A consortium of Jet Airways, Air France-KLM and Delta Airlines understood to have expressed interest in the disinvestment of national carrier Air India, according to sources. Moving ahead with the strategic disinvestment of loss-making Air India, the government is expected to soon invite Expression of Interest (EoI) from the bidders. Against this backdrop, sources said a consortium of three full services, including Jet Airways, are keen to put in their bid for the national carrier.

The BSE Sensex surged over 300 points in early trade and the Nifty reclaimed the 10,300-level on fresh capital inflows by foreign funds ahead of key IIP and inflation data to be released after market hours today.

Asian markets too were trading in the green on strong cues from Wall Street after a better-than-expected US jobs report on Friday.

State owned lenders SBI and UCO Bank are looking for buyers to sell non-performing accounts (NPAs) worth Rs 12.45 billion and have invited bids from ARCs, banks, NBFCs and FIs to clean their books of such dud assets.

"In terms of bank's revised policy on sale of financial assets in line with the regulatory guidelines, we place Zenith Birla (India) Ltd and Sona Alloys Pvt Ltd for sale to ARCs/banks /NBFCs/FIs," SBI said in the bid document.

Amazon.com Inc’s video service will look to add more regional content in India, two company executives said, as it competes with a host of global and local players for a bigger share of a fledgling online streaming market.

In little after a year of its launch in India, Amazon’s bet on original Hindi shows and a library of films in five local languages has paid off — India is the fastest growing market for its Prime Video service, Tim Leslie, global vice-president at Amazon Prime Video, told Reuters in an interview late Saturday, on the sidelines of the India Today Conclave 2018 in Mumbai.

MUMBAI: The Securities and Exchange Board of India (Sebi) is set to buy IDBI BankBSE -5.54 %'s building in Bandra-Kurla Complex (BKC), Mumbai's financial hub, for close to Rs 1,000 crore.

The capital market regulator will acquire the state-owned bank's seven-storey building, which has 3.21 lakh square feet of super builtup area, close to its existing office, making this the second biggest transaction at BKC since 2013.

Onavo, the data-security app maker that Facebook acquired in 2013, has launched a new Android app that let users lock other apps on their devices using a PIN code, pattern or fingerprint. ‘Bolt App Lock’ — from the Israeli company that provides analytics products for mobile apps — adds to the long list of mobile applications that help users lock other apps on their smartphones.

New Delhi: ONGC Ltd is in talks with Saudi Aramco and Kuwait's Petrochemical Industries Company to sell its 26 per cent stake in ONGC-Petro Additions Ltd (OPaL) to repay the bank loan it has taken to fund the acquisition of refiner HPCL.

The state-owned explorer had been keen to induct a strategic partner in OPaL.

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