State-run oil marketing companies shares rose on Monday amid flat broader markets on the back of increase in retail fuel prices announced last night. Indian Oil Corp, the country’s largest oil marketer, was trading at Rs 335.3, up 1.36% from the previous close. Other two state-run oil marketing companies – Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd were also trading higher at Rs 490.7 (up 0.57%) and Rs 658.45 (0.12%) in the morning trade. Benchmark indices marginally recovered from early morning weakness. BSE Sensex was trading at 27,257.16 points, up 0.07%, and NSE Nifty regained the 8,400-mark at 8,409.1 points, up 0.1%.

The delivery of first two Airbus A320neo planes to Air India has been delayed by a month due to engine issues and the national carrier is now expected to induct these more fuel-efficient aircraft next month.

As per the earlier schedule, the airline was to take delivery of the two A320neo (new engine option) planes this month as part of its narrow-body fleet expansion plans.

The shares of Reliance will be in focus today as the Mukesh Ambani-led company is slated to announce its financial results for the quarter-ended December 31. On the BSE, RIL shares were trading at Rs 1085.60 apiece, down 4.55 or 0.42% from previous close. On the National Stock Exchange (NSE), its shares were trading at Rs 1085.35, down Rs 5.05 or 0.46% from previous close.

In the last quarter, the company had reported a drop of nearly 23% in net profit. The company's consolidated net profit had declined to Rs 7,206 crore from Rs 9,345 crore during the quarter ended on September 30, 2015.

The BSE and National Stock Exchange (NSE) were trading in the red on Monday morning following weakness in the Asian markets.

The BSE was trading at 27,172.78, 65.28 points or 0.24% while the NSE was trading at 8383.00 down 17.35 points or 0.21% lower from previous close.

Moving the head of Tata Consultancy Services to the top job at Tata Sons' holding company fills a critical hole for the salt-to-software conglomerate, but it leaves another at its most valuable company ahead of a complex and unpredictable 2017.

The promotion of Tata veteran Natarajan Chandrasekaran - the well-regarded, high-performing boss of TCS under whom shares have quadrupled - should be no surprise.

Infosys, India’s second-largest software exporter, is planning to take its software platforms to a larger set of customers and earn 10 per cent of its revenues from them by 2020.

Infosys earns nearly 95 per cent of its revenues from traditional services and has been pushing software-led services to clients, using platforms such as the artificial intelligence tool Mana and cloud-based commerce platforms like Skava, Edge and Panaya.

ICICI Bank has blocked transactions on Flipkart-owned digital payments app PhonePe, accusing it of indulging in restrictive practices and breaking the Unified Payment Interface (UPI) guidelines of interoperability.

The bank began blocking transactions on PhonePe starting Friday, with Flipkart Online CEO Sameer Nigam taking to Twitter to protest the move. He claimed that the bank hadn’t provided the company with any prior warning or information, saying the move was “on purpose”.

With an intention to ensure the safety of woman passengers, national carrier Air India will reserve two rows or six seats for female commuters.

Air India will soon provide the facility to woman passengers travelling alone without any extra charges, a report published in The Hindu said.

Last year, Mukesh Ambani’s Reliance Jio disrupted the telecom space with super affordable 4G tariffs. The company seems to be geared to continue its disruptive streak by launching super-affordble feature phones that, apparently, will do away with the need for smartphones.

According to an Economic Times report, Reliance Jio is considering launching 4G VoLTE-ready feature phones that would cost as little as Rs 999. What's more? The phone is said to be able to access Jio’s high-speed 4G internet, the Jio digital store and play music.

Amazon.com removed doormats resembling the Indian tri-colour flag from its Canadian website on Wednesday, after an Indian government threat to rescind visas of the US company's employees if they did not stop selling the product.

"Amazon must tender unconditional apology," external affairs minister Sushma Swaraj said on Twitter. "They must withdraw all products insulting our national flag immediately."

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