Microsoft is believed to be working on an operating system that will be more secure, stay connected all the time and carry out updates quietly in the background. In a blog post by Microsoft, published on the sidelines of ongoing Computex 2019 tech event in Taiwan, Nick Parker, CVP of Consumer and Device Sales talks about a 'modern OS' for modern PCs.

Volvo Cars has made a multi-million euro investment in Varjo Technologies Oy, whose headset with screens and cameras can be used to allow engineers to test-drive cars to dodge hazards such as virtual moose.

Varjo—founded by Nokia Oyj and Microsoft Corp. alumni—has been developing an augmented-reality headset with a significantly higher image resolution than those produced by its rivals, costing $5,995 plus camera add-ons.

Domestic equity benchmarks opened on a positive note Thursday led by gains in index heavyweights TCS, RIL and ITC, ahead of the expiry of May derivatives contracts.

After rising over 100 points in opening session, the BSE Sensex was trading 94 points, or 0.24%, higher at 39,596.05. Similarly, the broader NSE Nifty rose 15 points, or 0.13%, to 11,876.10.

Sectoral regulator Trai is likely to seek a clarification from incumbent operators — Vodafone Idea and Bharti Airtel — regarding the variation in the subscriber data. Both the operators share one set of subscriber numbers with Trai and another with investors. The numbers shared by Reliance Jio, however, do not differ.

Sources in the Telecom Regulatory Authority of India (Trai) told FE they are aware of the mismatch and will soon seek a clarification from the operators.

As excitement over the the ICC World Cup 2019 mounts, starting on Thursday, official broadcaster Star India is all set to reap the benefits. The company is expected to notch up `1,800 crore in advertising revenues, Sandeep Goyal, chairman at Mogae Media, told FE.

Star India’s advertising revenues from the 2015 cricket world cup were an estimated Rs 700-1,000 crore.

GMR Infrastructure suffered Rs 2341.25 crore loss on consolidated basis during the quarter ended March 31, owing to impairment losses of some of the power assets, the infra major said in a filing with bourses Thursday. The company reported Rs 4.81 crore profit after tax during the same quarter in FY18. Consolidated total income stood at Rs 2293.63 crore during the quarter under discussion against Rs 2234.88 crore in the same quarter in FY18, it said.

The Chennai Bench of the National Company Law Tribunal (NCLT) has ordered initiation of the corporate insolvency and resolution process (CIRP) against Chennai-based infrastructure company Marg, the original promoter of the Karaikal Port.

The insolvency proceeding was ordered against the company, which was into a number infra projects including airport and metro in its hey days, on a petition filed by ICICI Bank, alleging a default of `71.69 crore.

State-owned power generator NTPC gained from improved coal supply to its power plants in the pre-election season, as it was able to reduce its traditional under-recoveries stemming from fuel shortages. The company’s fixed cost under-recoveries, which increases with fuel-related uncertainties, were at Rs 800 crore in FY19, 43% lower than FY18, as it received more fuel from Coal India and increased production from its own captive mines.

Punjab National Bank has tagged the current financial year as one of ‘growth and profitability’, though the bank continues to remain troubled on the asset quality front with a projection of Rs 12,000 crore as incremental slippages for FY20.

The bank’s total fresh slippages stood at Rs 16,616 crore in FY19 against Rs 40,672 crore in FY18. As for Q4FY19, the bank’s slippages stood at Rs 5,130 crore. One large account that slipped during the last quarter was the bank’s Rs 1,600 crore exposure to IL&FS.

State Bank of India (SBI) chairman Rajnish Kumar expects fiscal 2020 to be a turning point for India’s biggest lender. The bank will direct its efforts to achieve a more sustainable mix of business both in its domestic and overseas operations, Kumar wrote to the bank’s shareholders in SBI’s FY19 annual report.

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