State Bank of India (SBI), which will see five associate banks merge into it on April 1, has decided to shut down almost half the offices of these banks, including the head offices of three of them. This process will start from April 24.

"Out of the five head offices of the associate banks, we will retain only two. Three head offices of the associate banks will be unbound along with 27 zonal offices, 81 regional offices and 11 network offices of the associate banks," SBI Managing Director Dinesh Kumar Khara told IANS in an interview.

Facing intense competition from cash-rich Reliance Jio, the Aditya Birla Group and British telecom giant Vodafone Plc on Monday announced the merger of their Indian wireless telephony businesses, creating the largest telecom operator in the country.

In a news conference in Mumbai, Vodafone Group Plc Chief Executive Officer (CEO) Vittorio Colao and Aditya Birla Group Chairman Kumar Mangalam Birla said the merger would create a new champion of digital India. It would launch new services soon.

Microsoft has admitted that it is blocking Windows 7 and 8 updates on Intel's seventh generation Core i3, i5, Qualcomm's 8996 and other processors to 'force' users upgrade to Windows 10, a media report said.

According to a report in Forbes on Friday, when a user tries to run Windows Update, Windows is unable to search for new updates generating a message "Code 80240037 Windows Update encountered an unknown error".

London: Google, the primary revenue driver for Alphabet Inc., announced changes to its advertising policies after major brands pulled ads from the platform because they appeared alongside offensive content, such as videos promoting terrorism or anti-Semitism.

The US company said in a blog post on Friday it would give clients more control over where their ads appear on both YouTube, the video-sharing service it owns, and the Google Display Network, which posts advertising to third-party websites.

The government has approved the second tranche of capital infusion in public sector banks to enhance their capital base. In a regulatory filing to the stock exchanges, Dena Bank said it “has received a communication from Government of India vide its letter… dated March 16, 2017 informing inter alia capital allocation of Rs 600 crore as part of turnaround linked infusion plan.” Kolkata-based United Bank of India too said it has received a communication from the central government regarding capital allocation of Rs 418 crore as part of turnaround linked capital infusion plan.

Railway Minister Suresh Prabhu today flagged off the all new Medha rake that comes under country’s first ‘Make in India’ EMU rake for suburban travel on Western Railways. Soon after giving a green signal to the train, Prabhu took to Twitter and said “1/ At Mumbai today to dedicate a host of amenities, services,Rail Infra to the nation from Lokmanya Tilak Terminus. 2/Flagged off new Miraj-Solapur Express.Will give boost to Rail Connectivity in the region, provide convenience to people.” Manufactured by the Integral Coach Factory (ICF) Chennai, the rake has a special indigenous 3 phase propulsion system. Earlier EMUs of Indian Railways have systems from either Bombardier or Siemens.

To boost local talent, tech giant Apple has announced it would invest $508 million in China to build two additional Research and Development (R&D) centres in Shanghai and Suzhou.

According to a report in MacRumors on Friday, Apple's attempt to boost its presence in China began last September with the opening of its first R&D centre in Beijing's Zhongguancun Science Park, often referred to as "China's Silicon Valley".

A court here will deliver today the quantum of punishment in a case of violence and rioting at Maruti Suzuki India Ltd's (MSIL) Manesar plant in 2012 in which a senior officer was burnt alive.

The court of additional district and sessions judge R P Goyal reserved its order after argument of the prosecution and defence over the quantum of sentence today.

Bengaluru: L &T Realty Ltd, the real estate unit of India’s largest engineering company Larsen and Toubro, has secured approval to develop a special economic zone (SEZ) in north Bengaluru, though its focus will be on projects in west India, said a company official.

The Mumbai-based firm plans to develop around 3 million sq. ft of commercial office space in the SEZ, which is part of a large mixed-use development with total developable potential of 9 million sq. ft, and also has a residential township.

Despite state-owned ONGC likely to keep its capital expenditure budget at R30,000 crore in FY18 — this does not include the R8,000 crore it has to pay GSPC if the deal closes — its oil output is likely to fall slightly while gas supplies will rise by over 1 billion cubic metres (bcm). This is based on internal estimates made by ONGC for the next financial year.

Apart from being under fire from the Directorate General of Hydrocarbons (DGH), which has been asked to monitor its production especially in the larger fields, ONGC is in the news for its likely takeover of refining-marketing PSU HPCL.

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