Three days after setting stiff time-bound targets for listing of profitable central PSUs, the government on Monday initiated steps to divest up to 25% in the initial public offerings (IPOs) of three railways undertakings — IRCTC, IRFC and IRCON.

The department of investment and public asset management (DIPAM) has invited applications from merchant bankers to manage the IPOs in 2017-18. Though DIPAM did not specify how much stake the Centre would dilute in these IPOs, sources told FE that it could be up to 25% each depending on valuations.

Microsoft Corp and Adobe Systems Inc are joining to make their respective sales and marketing software products more potent competitors to Salesforce.com Inc and Oracle Corp offerings, the two firms said Monday. On the eve of San Jose, California-based Adobe’s annual user conference, the company said that it will work with Microsoft to create a shared data format between Adobe’s marketing software suite, which the company is re-naming its Experience Cloud, and Microsoft’s sales software, called Dynamics, allowing the software systems to work together seamlessly.

NEW DELHI: Indian oil and gas companies are likely use their improved cash flows from market-linked fuel prices to expand their asset base and enhance operational quality, S&P Global Ratings said today.

They are expected to step up investments in upgrading refineries to meet cleaner fuel standards, improve yields and create flexible refinery configurations in product pipeline and gas infrastructure capacities, it said.

The benchmark BSE Sensex recovered by almost 57 points in early trade today on the back of gains in FMCG, capital goods, PSU, power, auto and IT sector stocks amid positive Asian cues.

After falling 130.25 points in the previous session on profit-booking, the 30-share Sensex was trading in positive zone with a gain of 56.92 points, or 0.19%, to 29,575.66.

India is home to world's fourth highest number of billionaires with Reliance Industries chief Mukesh Ambani leading the club of more than 100 super rich Indians, according to a new list released by Forbes magazine.

The Forbes list of the 'World's Billionaires' 2017 consists of 2,043 of the richest people in the world who have a combined net worth of $7.67 trillion, a record 18-per cent increase over the past year.

The BJP on Tuesday welcomed the Supreme Court's suggestion of an out-of-court settlement of the Ayodhya dispute, and said aggrieved parties should keep in mind its "sensitivity" while discussing the matter.

"The Supreme Court has called for an out-of-court settlement between the aggrieved parties. The parties should resolve the issue amicably by talking to each other.

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.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.