Microsoft Corp said on Wednesday its board had approved a new share repurchase programme of up to $40 billion and raised its quarterly dividend.

The company's shares rose 1.3 per cent to $140.35 in after-market trading.

Public sector miners Coal India and Singareni Collieries will dominate domestic coal production in the next 4-5 years, with commercial players likely to hold around 5-7 per cent share.

The government last month permitted 100 per cent FDI in coal mining.

The Indian Railway Catering and Tourism Corporation (IRCTC) is starting a special "Bharat Darshan" tourist package from September 27. It will cover all the places related to Mahatma Gandhi, said IRCTC in a press release. The "Bharat Darshan" tourist package includes a trip to the world's tallest statue — Statue of Unity of Sardar Vallabhbhai Patel in Gujarat's Vadodara.

Market benchmark BSE Sensex rose 83 points on Wednesday, led by gains in energy, metal and power stocks as global crude oil prices eased and rupee recovered against the dollar.

After a rangebound session, the 30-share index ended 82.79 points, or 0.23 per cent, higher at 36,563.88. The index hit an intra-day high of 36,712.99 and a low of 36,465.92.

The NCLAT on Wednesday directed resolution professional of Reliance Communications to raise demand for Rs 577 crore paid to Swiss telecom gear maker Ericsson before the NCLT-Mumbai.

Anil Ambani-led Rcom is presently going through Corporate Insolvency Resolution Process.

Suzuki Motor Corp has asked Maruti Suzuki India to cut down discretionary expenses and plug in resource wastage at its plants in Gurgaon and Manesar to keep costs in control. The advisory from Suzuki, which is the 56% owner of Maruti, comes at a time when vehicle sales have plummeted to a two-decade low and Maruti has had to let go of some 3,000 of its contractual workers as it has pruned its production.

Billionaire Mukesh Ambani has raised promoter stake in flagship Reliance Industries by 2.71 per cent to 48.87 per cent, according to regulatory filing by the company.

Reliance Services and Holdings Ltd, controlled by promoter group firm Petroleum Trust, acquired 17.18 crore or 2.71 per cent stake in Reliance on September 13, it said.

Telecom regulator TRAI has sought views from the public on how long a call should ring one's mobile. It wants to assess the impact of ring duration on the quality of service experience and network performances.

The Telecom Regulatory Authority of India released a consultation paper – Duration of alert for the called party – asking for inputs on appropriate measures to be taken in this regard.

In a big decision approved by the union cabinet, more than 11 lakh railways employees will get 78 days wage as bonus.

Union Minister for Information and Broadcasting, Prakash Javadekar announced the government's decision.

E-marketplace operator Amazon India has added one more fulfilment centre (FC) taking the total to seven such facilities in the extended suburbs of Thane, Mumbai. Located in the Bhiwandi warehousing hub, the new unit spread across 2.7 lakh square feet (1.5 million cubic feet storage space)

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