Mumbai: The capital markets regulator Securities and Exchange Board of India (Sebi) is trying to shorten the gap between an initial public offering (IPO) and the listing of shares to three days from the current six days, according to two people familiar with discussions held by the regulator.

The matter was discussed at a meeting between Sebi officials and market intermediaries late last month, they said.

In a bid to reduce energy bill, Railways has set up a centralised control room to improve scheduling of power being procured by the public transporter.

Railways has started drawing power as a deemed distribution licensee at a lower tariff in Maharashtra, Madhya Pradesh, Gujarat, Jharkhand and partly in Uttar Pradesh.

MUMBAI: Tata Consultancy Services, India's largest IT services company, said it has abandoned bell curve based performance appraisal and is moving to a system of continuous feedback, becoming the latest player to move away from the forcedranking system.

The bell curve system — one of the most popular appraisal methods popularised by former GE CEO Jack Welch — rates a workforce by comparing performances of people in similar tasks. They are then segregated into top, medium and poor performers. But over the last two years, an increasing number of companies have been looking at other ways to evaluate their employees.

Continuing its climb for the fifth straight session, the benchmark Sensex surged over 137 points in early trade on Wednesday as investors built more bets amid increased foreign fund inflows.

The 30-share barometer rose 137.47 points, or 0.53%, to 25,953.83. The gauge had gained 1,142.52 points in the previous four sessions on positive macroeconomic data, forecast of an above-normal monsoon and Infosys' upbeat revenue guidance.

Bajaj Auto on Tuesday said that it aims to sell three lakh three-wheelers in the current fiscal, a growth of over 17% over the last fiscal.

The Pune-based firm sold 2,54,967 three-wheelers during the 2015-16 fiscal.

It’s remarkable that, in spite of the headwinds Mahindra and Mahindra Ltd has run up against, it has still outperformed the BSE Auto index this year. What’s more, it is revving up for a strong ride over the next year, after crossing multiple hurdles in the last few years.

The biggest blow for the company was the Supreme Court ban on diesel vehicles in Delhi a few months ago. With most of its portfolio catering to the diesel segment, the firm has steered a course to include petrol variants in all new launches.

Kabul: A powerful Taliban truck bombing followed by a fierce firefight left at least 28 people dead and several others wounded on Tuesday, officials said, a week after the insurgents launched their annual spring offensive.

“As a result of the bombing 28 people were killed, most of them civilians,” Kabul police chief Abdul Rahman Rahimi told reporters.

New Delhi: An expert panel of the environment ministry has found state-run power utility NTPC Ltd guilty of violating green norms by hauling coal in open rail wagons from its mine in Bilaspur, Chhattisgarh, to its Sipat super thermal power plant in the state.

It has asked the company to look for alternatives instead of merely sprinkling water on coal to prevent dust from blowing out of open wagons.

MUMBAI: Hindustan Petroleum Corp plans to invest around $3.8 billion to ramp up its refining capacity by two-thirds this decade, as the country's oil demand soars and to meet cleaner fuel standards, a company official told Reuters.

Fuel demand in India - the world's third-biggest oil consumer - is rising at its fastest clip in more than a decade, buoyed by Prime Minister Narendra Modi's manufacturing push and as an expanding middle class buys more cars.

To make it easier for investors to get dividend and redemption payments on a fast-track basis, regulator Sebi on Monday proposed new norms to allow depositories to distribute all securities market related cash benefits.

A final decision on the issue will be made after taking into consideration the views of all stakeholders. The regulator has sought public comments till May 5.

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