L&T Technology Services has taken a leaf out of General Electrics playbook to build a software platform that offers internet of things (IoT) services to its global engineering and manufacturing customers. It also expects the platform-offering service to be a differentiator with rivals as it aims for a $1 billion revenue in the next four years.

The engineering services arm of Larsen & Toubro has used assets of its parent to connect over 4,000 sensors of machines and construction equipment of diverse manufacturers, analyse the data on a software platform to predict performance and efficiency, besides the life of a machine.

Capital markets regulator Sebi will soon put in place stricter norms to check any flow of black money into stock market though controversy-ridden P-Notes and also initiate steps for allowing mutual fund investments through e-wallets.

Besides, Sebi will consider this week new norms for allowing options trading in commodity derivative market, while rules would be relaxed for registration of foreign investors and for common license to brokers to deal in equities and commodities, sources said.

The BJP could be headed for a landslide victory in the Delhi municipal polls with two exit polls predicting the party finishing way ahead of the AAP and the Congress with over 200 of the 270 wards where polling was held today.

Going by the projected figures, the AAP could well be staring at a rout on its home turf, barely two years into its rise to power bagging a staggering 67 of the 70 Assembly seats, while the Congress' attempt to regain ground may come a cropper.

The US has accused top Indian IT firms TCS and Infosys of unfairly cornering the lion's share of H-1B visas by putting extra tickets in the lottery system, which the Trump administration wants to replace with a more merit-based immigration policy.

At a White House briefing last week, an official in the Trump administration said a small number of giant outsourcing firms flood the system with applications which naturally ups their chances of success in the lottery draw.

New Delhi: Prime Minister Narendra Modi’s government is seeking to step up the pace of auctioning power-purchase contracts for wind-energy plants, building on a contest that reaped record-low prices for solar farms earlier this month.

The government plans to offer deals covering almost 4 gigawatts of wind capacity in the current fiscal year ending March 2018 in addition to 750 megawatts of solar capacity it will tender next month, Ashvini Kumar, managing director at Solar Energy Corp. of India, the country’s implementing agency for renewable targets, told reporters in New Delhi.

Microsoft India today said it has enhanced all types of paternal leave benefits and introduced a new family caregiver leave — which entails four weeks of paid leave to take care of an immediate family member. From April 21, Microsoft India has enhanced all types of paternal leave benefits such as paternity, adoption, and surrogacy. Besides, the company has introduced a new family caregiver leave benefit, which includes four weeks of paid leave to take care of an immediate family member with a serious health condition.

NEW DELHI: The railways will increase 3AC coaches in long distance trains to cater to the growing demand for air-conditioned coaches.

Railway data shows that between April 1, 2016 and March 10, 2017, 3AC coaches carried 17 per cent of all passengers in long-distance trains which accounted for 32.60 per cent of all the earnings from passenger fares.

Maruti Suzuki has silently launched the 2017 DZire Tour at a starting price of Rs 5.24 lakh, ex-showroom Delhi. The company will sell the new DZire Tour only for the fleet market. Earlier, the Maruti Suzuki DZire Tour was sold in a diesel version, however, the new car will now also be offered with a 1.2-litre K-Series petrol engine that produces 84 hp of power and 114 Nm of torque.

The diesel version gets the existing 1.3 litre DDiS unit that generates 74 hp of power and 190 Nm of torque. Both engines are paired to a 5-speed manual gearbox. The car manufacturer has not offered the DZire Tour with an automatic or an AMT (Automated Manual Transmission) gearbox.

Markets ended in red for the second straight week due to weakness due to persistent selling pressure in view of disappointing earnings results from companies amidst weakness in the global market, as investors maintained caution ahead of elections in France over the weekend and as geopolitical tensions notably those between the US and North Korea weighed on sentiment. The Sensex fell in three out of five sessions of the week. As trading was largely listless and rangebound throughout the session.

TCS today reclaimed its status as the country’s most valued firm by market capitalisation after Reliance Industries briefly replaced the IT major from the top position. At the end of trade today, Tata Group’s crown jewel TCS commanded a market valuation of Rs 4,55,405.31 crore. This was Rs 299.98 crore more than RIL’s Rs 4,55,105.33 crore valuation.

Earlier in the day, RIL had surged past TCS to clinch the title of most-valued Indian company. However, at the end of trading session the IT major overtook the energy behemoth. Reliance Industries had on Tuesday also briefly regained its status as India’s top-valued firm, overtaking TCS.

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