Seattle: Microsoft Corp. chief executive Satya Nadella announced a broad reorganization of the company’s senior executive ranks as long-time chief operating officer Kevin Turner prepares to leave for another job.

Instead of naming one new COO, Nadella appointed two executives to divvy up the sales responsibilities and report to him. Jean-Philippe Courtois will be in charge of global sales, marketing and operations spanning Microsoft’s 13 business areas, Nadella said in a note to employees on Thursday.

Government has invited merchant bankers to help it sell minority stakes in 51 companies, including RIL, ICICI Bank, Axis Bank and L&T, and is looking at exiting them within three years.

The Specified Undertaking of UTI (SUUTI) has investments in these 51 listed as well as unlisted companies, like Hindustan Unilever, ITC Ltd, Jaiprakash Associates and a host of Tata Group firms.

KOLKATA: Hinduja group flagship Ashok Leyland on Friday launched its 'Captain 40iT' tractor in Kolkata adding to its popular Captain series of trucks.

Co-created with drivers and users through an extensive study of their lifestyle, the new Captain 40iT has been designed specifically for Indian requirements, the company's mediastatement stated.

The Railway Ministry is "seriously considering" linking Aadhar Card to train tickets. The move, in consideration since 2013, will be implemented to avoid fraudulent travelling, Zee Business said.

Currently, while railway tickets booking online carry the name of the passengers which makes it impossible to travel on someone else's ticket, offline or traditional tickets booked from a train station only carry the age and the sex of the passenger.

Britain said it would start preliminary talks with India on Friday about an eventual bilateral trade deal after last month's referendum vote to leave the European Union, which has forced London to rethink its trade ties with the rest of the world.

British Business Secretary Sajid Javid also said Britain would have as many as 300 trade specialists in place before the end of the year, up from about 100 now, as the country tries to increase its firepower to operate as a solo trading nation.

MUMBAI: The Reserve Bank of India (RBI) has moved a step closer to shifting monetary policy decisions from the governor to the Monetary Policy Committee (MPC). In their meeting in Bengaluru on Thursday, the board of directors of the central bank took up the issue of the constitution of the MPC, raising expectations that the forthcoming policy review in August might be decided by a panel instead of governor Raghuram Rajan.

Mumbai: The Indian rupee on Friday weakened against the US dollar, tracking losses in the Asian currencies markets as traders awaited US payroll data

The local currency opened at 67.47 a dollar. At 9.12am, the home currency was trading at 67.48, down 0.13% from its previous close of 67.40.

Mumbai: Petrochemical and gas marketing is the next big bet IndianOil Corp. Ltd (IOCL) is taking in a bid to expand its business beyond the core of refining and marketing.

“We are bullish on our new businesses, that is, petrochemicals and gas marketing. There is tremendous demand for petrochemicals, where we are now the second largest player in India,” said B. Ashok, Chairman, IOCL.

Volatility ruled early session as the Sensex fell almost 110 points today after yesterday’s modest recovery, dragged down by infrastructure, PSU and capital goods stocks.

All eyes are on the release of a key US jobs report later in the day, which made investors wait and watch.

NEW DELHI: India's largest real estate developer DLF has shortlisted six potential buyers for 40% stake of the promoters in its rental arm DLF Cyber City Developers Limited that is expected to sell for about Rs 13,000 crore, two people aware of the development said.

The company had invited expressions of interest and received 11offers over the past few weeks.

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