From June 2016, Microsoft CEO Satya Nadella will be immortalised in textbooks of school students in Andhra Pradesh. A report in The Hindu states that the Andhra Pradesh government has revised Telugu non-detailed books from the sixth to the 10th standard and English textbooks from first to fifth standard.

Satya Nadella will be one among some of the new people featured in the new textbooks.

Tata Motors' Differential Voting Rights (DVR) has surged 7% to Rs 260 on the National Stock Exchange (NSE) in early morning trade after the stock along with three other companies would be added in the benchmark Nifty50 index with effect from April 1.

Aurobindo Pharma (up 3% at Rs 673), Bharti Infratel (3% at Rs 386) and Eicher Motors (1.5% at Rs 19,195) were gained more than 1% each in intra-day trade.

The 412 million shares, worth around Rs 5,000 crore, put on the block by the government in power utility NTPC have been fully subscribed.

The offer for sale (OFS) has so far seen (as of 11:45 am) 432 million bids — 1.3 times shares on offer. The indicative price, or the price at which most bids were received, was Rs 122.05 compared to the floor price of Rs 122 per share, data provided by the BSE showed.

Capital markets regulator Sebi has sought clarification from merchant bankers of four companies including Advanced Enzyme Technologies regarding their proposed initial public offerings.

KPR Agrochem, S P Apparels and Thyrocare Technologies are the other companies from which Sebi has sought information.

NEW DELHI: Billionaire Mukesh Ambani, owner of the world's largest refining complex, on Sunday said global oil prices are likely to remain low for 3-5 years, benefiting a net importing nation like India.

"As we see the situation (oil prices), it's low for long. And this is really the first time in the world that oil prices have gone down on incremental supply," he told CNN's Fareed Zakaria in an interview. Ambani, the richest Indian, said there have been spikes in oil prices in past. "But never has it (fallen) because there has been more supply than demand.

An arbitral tribunal consisting of Justice (Retd) Ajit Prakash, Justice Rekha Sharma and Justice SN Aggrawal on February 16 ruled in favour of real estate company DLF Commercial Developers Ltd in their dispute with the New Delhi Municipal Council (NDMC) over non-payment of monthly concession fee of Rs. 1 crore for the construction of a multiplex-cum-commercial facility at Yashwant Place in Chanakyapuri.

NEW DELHI: The forthcoming Budget is likely to set out a clear agenda for revival of banking sector, including setting up of a 'bad bank' and an aggressive roadmap for recapitalisation, SBI Research said in a note today.

State Bank of India in a research note said it is "time for a bad bank" as lenders are dealing with close to Rs 6.5 lakh crore of stressed assets, which do not include write-offs of bad debt.

BENGALURU: India's second largest software exporter Infosys has laid out an ambitious charter for next year under the leadership of Vishal Sikka and internally communicated to executives and employees that the company must grow revenues by 16% in the financial year ending March 2017, according to two people present at Infosys's annual strategy meeting last week.

The top brass at Infosys led by Sikka, who has laid out a broader vision of making Infosys a $20-billion company by 2020, wants Infosys to outpace all its top-tier rivals such as TCS and US-based Cognizant Technology Solutions, which has forecast revenue growth in the range of 10-14% for 2016.

NEW DELHI: ONGC has alleged that RIL in a "well-planned and deliberate strategy" produced about $1.4 billion worth of its gas over past six years and demanded that the Mukesh Ambani firm pay full compensation with 18 per cent interest.

Reliance Industries had in 2001 and again in 2007 acquired seismic data to study hydrocarbon reservoir lying several hundred meters below the sea-bed not just in its Bay of Bengal KG-D6 block but also of neighbouring blocks of ONGC without the knowledge of the state-owned firm, it alleged.

Extending its climb for the fourth consecutive session, the benchmark BSE Sensex traded over 70 points on Monday amid a firming trend in Asian bourses.

At 1016 hours, the 30-share index was trading up 70.29 points, or 0.30%, to 23,779.44, slightly lower from its early morning trade.

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