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.

To compete against cheaper and high-grade South African, Indonesian and Australian coal, while keeping its prices unchanged, Coal India (CIL) recently strategised a move whereby it is giving up part of its charges levied previously on the consumers.

The coal monolith will no longer charge an extra premium from buyers for purchase of the full quantity of coal as had been done previously.

After the frequent grounding of its aircraft due to rodents, Air India chairman Ashwani Lohani carried out an inspection at Delhi airport and directed the staff to ensure strict maintenance and cleanliness of the hi-lift trucks used by catering companies.

Also, staff of the government-owned airline will be restrained from eating meals in the ramp area (where the aircraft is parked during boarding). “We have also requested Delhi International Airport Ltd to provide space for a staff canteen,” said Lohani.

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