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."

The Supreme Court on Thursday dismissed a plea on lifting the ban on the bull-taming sport of Jallikattu, a day after the AIADMK urged the Prime Minister to immediately issue an ordinance to remove bulls from the list of animals that are banned from being exhibited or trained so that there Jallikattu could be held smoothly this year.

The petition had sought the top court intervention to pass the judgement.

President-elect Donald Trump has said that Russia and its President Vladimir Putin would be assets in fighting the Islamic State terror organisation, which he called the number one issue, and blamed President Barack Obama policies for creating a void in the Middle East that gave it room to grow.

In his first news conference as President-elect on Wednesday that was slim on foreign policy, a recurring theme was regaining global respect for the US.

Hindustan Organic Chemicals Limited (HOCL) is locked in upper circuit of 20% at Rs 25.80 on the BSE on back of heavy volumes after the company announced that the board will consider the proposal to sell part of the company’s land at Rasayani to Bharat Petroleum Corporation (BPCL).

“A meeting of the board of directors of the company will be held on January 20, 2017, to consider and approve the proposal to sell part of HOCL land at Rasayani to BPCL, proposal to sell land, plant & machinery of C.N.A plant at HOCL Rasayani to ISRO as per Government of India (GOI's) directions, etc,” the company said in a BSE filing.

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