Advocating selective stock-picking in the banking sector amid current uncertainty over rising non-performing loans, ICICIdirect.com has advised investors to stick to shares of strong banks including HDFC and IndusInd Bank. The brokerage house has said other banks shares that can be bought are State Bank of India, Axis Bank and City Union Bank.

On government-owned banks, a ICICIdirect.com report said “entering PSU banks at current levels would not be a prudent strategy despite them seeming to be available at cheap valuations.

India’s largest realty firm, DLF, on Thursday sold its shopping mall at Saket in New Delhi to its wholly-owned subsidiary for Rs 904.5 crore, as part of a strategy to consolidate and monetise rental assets.

DLF said the board of directors had “approved sale of ‘DLF Place Saket’, a shopping mall, having a built-up area of 5,16,000 sq ft along with land parcel... to Nambi Buildwell Pvt Ltd, a wholly-owned subsidiary of the company on an arm’s length basis”.

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.

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.

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 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.

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

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 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.

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.

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