Mumbai: Acting on aviation regulator DGCA’s orders, Air India has taken off flying duties its operations department head for skipping the mandatory pre-flight medical test. The orders to remove Air India Executive Director (Operations) Capt A. K. Kathpalia from flying duties were issued by the DGCA flight safety department on Wednesday, they said.

“In compliance with the DGCA orders, Capt Kathpalia will not be assigned any flight to operate any more,” airline sources said.

Mumbai: Details emerging of early talks between Vodafone India Ltd and Idea Cellular Ltd indicate that Aditya Birla Group chairman Kumar Mangalam Birla could be chairman of the merged entity.

Two people familiar with the talks between the two said the merged entity would likely have 12 directors on its board—three from either side and six independent ones. Neither wished to be identified because the talks are at a very preliminary stage.

Infosys shares were in green but were trailing firm markets after various news reports suggested that some prominent investors have stepped in to try and bridge differences between the company founders and its CEO.

Infosys shares were up 0.38% at Rs 940. S&P BSE IT index was trading stronger, up 0.75% at 9,779.89 points. BSE Sensex was up 0.54% at 28.442.58 points, while NSE Nifty was up 0.5% at 8,812.8 points.

NEW DELHI: Continuing with its efforts to reclaim lost ground in the Indian passenger vehicles market, Tata Motors will soon launch compact sedan Tigor.

The company today announced that the Kite 5 concept, which was showcased at Auto Expo 2016, will be christened Tata Tigor.

Mumbai: Kotak Mahindra and Axis Bank,have strongly denied rumours that the biggest consolidation in banking space is in the works. For the past few weeks, the stock market has been abuzz with prospects of a merger between the two private banks.

Most people TOI spoke to said that there are strong reasons for such a merger, which could be worth around Rs 2.5 lakh crore ($37 billion) — making it the second most valuable Indian bank after HDFC Bank.

Microsoft will help cloud customers fend off patent lawsuits and expand coverage of related litigation costs, seeking to distinguish its services from rivals in the fast-growing market for internet-based computing.

As more companies host their applications and services on Microsoft's Azure and other cloud providers, they are increasingly becoming the target of lawsuits from companies seeking to make money by claiming patent infringement.

State-run power giant NTPC on Wednesday registered a lower 7.5 per cent net profit at Rs 2,468.72 crore for the third quarter compared to a year ago due to higher fuel cost.

The company spent Rs 12,080.43 crore towards fuel in the quarter ended December 2016 as against Rs 10,580.28 crore in the same period in 2015.

Bengaluru: Indian technology outsourcing companies’ inability to find new customers even as US rival Accenture Plc is managing to do business with firms that dominate the consumer Internet, including Google, Facebook Inc. and Amazon.com Inc., again underlines the reason behind the dismal growth of home-grown companies.

Google, Facebook, Amazon, Uber and Airbnb together accounted for at least $1 billion of Accenture’s $32.9 billion in revenue for the year ended August 2016 (Accenture follows a September-August fiscal), said an executive familiar with the development who declined to be named.

Mumbai: The Securities and Exchange Board of India (Sebi) is looking to increase its oversight of the boards of stock exchanges by having a greater say in the appointment of public interest directors, said three people aware of the matter, including an official with the regulator.

To this end, the Sebi board, when it meets on Saturday, will propose amendments to the Stock Exchange and Clearing Corporation (SECC) regulations pertaining to appointment and remuneration of these directors and also ownership and governance norms, these people said.

Mahindra group realty firm Mahindra Lifespace Developers today announced a partnership with State Bank of India (SBI) to set up a platform for providing quicker and convenient financing of home purchases. The establishment of a market-focused platform will provide information and bespoke home buying solutions for customers across India, the company said in a statement.

Mahindra Lifespace Developers Ltd has projects in Mumbai Metropolitan Region (Mumbai, Thane, Palghar, Alibaug and Boisar), Pune, Nagpur, Ahmedabad, Nashik, the National Capital Region (New Delhi, Gurgaon and Faridabad), Jaipur, Hyderabad, Bengaluru and Chennai.

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