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TCS named official tech partner for Virgin Money London Marathon

TCS named official tech partner for Virgin Money London Marathon

Tata Consultancy Services (TCS), India's leading IT services provider, today announced a three year partnership with the Virgin Money London Marathon to enhance the digital experience delivered to marathon participants. Under the terms of the partnership, TCS will become the race's Official Technology Partner for the 2016, 2017 and 2018 events.

First established in 1981, and part of the World Marathon Majors, the Virgin Money London Marathon is considered one of the world's foremost marathons. A record total of 247,069 people entered the ballot for the 2016 race, with over 37,000 runners expected to take part on Sunday 24 April.

Apple looks to Google’s Cloud Platform as it diversifies its infrastructure

Apple looks to Google’s Cloud Platform as it diversifies its infrastructure

Rumors are flying today that Apple is moving part of its cloud business from AWS to Google’s Cloud Platform. We did some asking around and yes, it does appear that Apple has made some moves to diversify its iCloud storage, tapping Google for some of that business.

This is another huge win for Google and a — at the very least perceived — loss of ground for AWS, which has watched as Dropbox moved large parts of its US storage business in-house and Spotify moved at least part of its business to Google, too.

Aadhaar will be backed by law, but there’s more to dol

Aadhaar will be backed by law, but there’s more to dol

New Delhi: The Aadhaar bill is just a signature away from becoming a law, but the government still has much to do to shape its financial inclusion plans through the unique identification number.

The Unique Identification Authority of India will be a statutory body with the power to issue regulations. These regulations cover several areas, the framework for which the Aadhaar bill provides.

Air India signs pact for leasing 14 Airbus A320neo aircraft

Air India signs pact for leasing 14 Airbus A320neo aircraft

Air India on Wednesday signed an agreement for leasing 14 Airbus A320neo aircraft with ALAFCO, a Kuwait-based leasing company. The delivery of aircraft is likely to start from early next year. The agreement was signed on the inaugural day of India Aviation 2016, the country’s largest aviation conference and exhibition.

Air India CMD Ashwani Lohani and ALAFCO vice chairman and CEO Ahmad Al Zabin signed the agreement.

ONGC eyes tie-up with foreign service providers to boost output

ONGC eyes tie-up with foreign service providers to boost output

MUMBAI: Oil and Natural Gas Corporation Ltd, India's biggest explorer, plans to enter into partnerships with overseas oilfield service providers to boost output from ageing oil and gas fields, its chairman said.

Under the terms of the tie-up being discussed, firms such as

Petrol prices hiked by Rs 3.07/litre, diesel gets dearer by Rs 1.90 a litre

Petrol prices hiked by Rs 3.07/litre, diesel gets dearer by Rs 1.90 a litre

Indian Oil Corp (IOC) has hiked petrol and diesel price on Wednesday.

Petrol price has been hiked by Rs 3.07 per litre and diesel by Rs 1.90 per litre. Revised prices will take effect from the midnight of March 16 and 17.

After the revision, petrol will cost Rs 59.68 per litre in Delhi whereas diesel will cost Rs 48.33 per litre.

Banking shares gain; ICICI Bank up 3%

Banking shares gain; ICICI Bank up 3%

Banking shares are trading higher on expectation that the Reserve Bank of India (RBI) may soon announce a reduction in key policy rate. The central bank's monetary policy review is scheduled for April 5, 2016.

The US Federal Reserve kept its key interest rates unchanged on Wednesday, and downgraded its forecast for number of rate increases to 2 in 2016 from the earlier projected 4.

Idea Cellular terminates agreement with Videocon Telecom; stock up 2%

Idea Cellular terminates agreement with Videocon Telecom; stock up 2%

Shares of Idea Cellular were up nearly 2% at Rs 100 on the Bombay Stock Exchange after the company said by mutual written consent it has terminated the agreement with Videocon Telecommunications Ltd for acquisition of right to use spectrum in the telecom service areas of Gujarat and Uttar Pradesh (West) for an aggregate consideration of approximately Rs 3,310 crore.

The release further said that no joint intimation of this agreement for Right to Use spectrum under Spectrum Trading Guidelines was filed with Department of Telecom.

ED, Sebi to probe Mallya-Diageo deal for South African Breweries

ED, Sebi to probe Mallya-Diageo deal for South African Breweries

The Securities and Exchange Board of India (Sebi) and the Enforcement Directorate (ED) are set to study a transaction between British multinational Diageo and UB group Chairman Vijay Mallya, in which the British firm acquired the South African Breweries' traditional sorghum beer business for close to $77 million.

The January 2013 transaction to acquire 50 per cent in the beer business was announced within months of the sale of United Spirits to Diageo in November 2012. The money was paid to Mallya in two tranches in his offshore accounts. In April 2015, Diageo had taken full control of the business by buying the other 50 per cent from Pestello Investments, a Mallya-owned company.

Bajaj Auto trades ex-dividend

Bajaj Auto trades ex-dividend

Bajaj Auto is trading 1% higher at Rs 2,250 (adjusted to dividend) on the BSE as the stock turned ex-dividend today, for an interim dividend of Rs 50 per share.

The board of directors of the two-and-three wheeler manufacturer at its meeting held on March 09, 2016, had declared an interim dividend at the rate of Rs 50 per equity share of Rs 10 each (i.e. 500 %), for the financial year ending March 31, 2016 (FY16).

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