Mumbai: Shares of Reliance Industries Ltd (RIL) rallied as much as 2.6% in early trade on Tuesday after Morgan Stanley upgraded RIL to “overweight” from “underweight”, citing confidence about the conglomerate’s downstream projects and improving outlook for telecom business.

Morgan Stanley said it now expected earnings of Reliance Industries to grow 50% over the fiscal years 2015 to 2018.

Microsoft wasn’t kidding when it promised to ship Windows 10 builds more quickly. Today, less than two weeks after its last iteration, the company has kicked out a new build that contains an important new feature: Project Spartan.

The new build’s number is 10047 10049, up a total of 68 from the preceding release.

NEW DELHI: State Bank of India (SBI) on Tuesday said it plans to divest up to 10% stake in its life insurance arm SBI Life.

"The executive committee of the central board has today authorised divestment of SBI's stake in SBI Life Insurance by up to 10%," SBI said in a statement.

MUMBAI/NEW DELHI: Country's largest lender State Bank of India has received all necessary approvals to buy residential properties of cash-starved national carrier Air India, in south Mumbai for Rs 90 crore.

"SBI is now waiting for the airline to complete its side of approvals," sources close to development said. SBI plans to allocate these flats to its top executives of the rank of deputy managing directors and general managers.

New Delhi, March 29: NTPC, the country's largest power utility, plans to set the ball rolling for its twin foreign forays - a 1,320MW power plant at Bagerhat in Bangladesh and a 500MW unit in Sri Lanka.

"We have been powering India's drive to growth and are now working to help drive Asia's growth. We intend to complete the Bagerhat plant by 2018 and will step up work on the Sampur coal project (Sri Lanka)," NTPC chairman Arup Roy Choudhury said in an interaction with The Telegraph.

Thailand’s Ratchanok Intanon did not stand a chance. Saina Nehwal had become the World No.1 badminton player a day before their final at the India Open Super Series, and her swagger on court was evident from the start. Nehwal smashed her way through Intanon, the 2013 champion, in straight sets. For Nehwal, it was homecoming: She had won the 2010 Commonwealth Games gold here at the Siri Fort complex in New Delhi, triggering a run that had seen her become the first Indian woman to win an Olympic medal in badminton, win a string of Super Series titles, and reach the final of the All England Championship.

Mumbai: Tata Motors Ltd has approached investment banks to underwrite the company’s Rs.7,500 crore rights issue to ensure that stocks are not left unsold in case there is lack of demand from shareholders because of volatile market conditions, according to three bankers who are in discussions with the company.

“There are eight investment banks that have been hired for the rights issue and all of them are underwriting it. Apart from the promoter’s portion, the rest of it will be underwritten by us,” said one of the bankers cited above, who requested anonymity because of the confidentiality of the matter.

Many are feared dead in Laden village in central Kashmir’s Budgam district after three houses collapsed following a landslide triggered by incessant rains in the state. Officials said around 60 villagers are trapped in three houses and efforts are on to rescue them.

The Jammu and Kashmir government had declared floods in parts of Kashmir valley as the water levels in the Jhelum river rose steeply overnight. The government advised people living near the banks of the Jehlum and in low-lying areas of the valley to shift to safer places.

State-owned power equipment maker BHEL on Monday said it has bagged over Rs 5,000 crore contract for executing a thermal power project in Telangana.

“Telangana State Power Generation Corporation (TSGENCO) has awarded Bhel with an EPC (Engineering, Procurement and Construction) order for setting up a 1,080 MW thermal power plant in the state,” BHEL said in a statement.

Voicing its concern over the 26-year-old fleet of Airbus A320s in the national carrier Air India, one of its pilots’ union has sought grounding of these planes from aviation regulator DGCA.

The Indian Commercial Pilots Association (ICPA), which represents erstwhile Indian Airlines pilots in the now combined entity Air India, has said the airline continues to fly these A320s even after snags being reported regularly.

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