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How Microsoft CEO Satya Nadella led company’s biggest turnaround in 2018

How Microsoft CEO Satya Nadella led company’s biggest turnaround in 2018

Microsoft CEO Satya Nadella, it seems, is determined to break free of the company’s current work culture by taking it back to its core roots when it was under its co-founder Bill Gates.

The year 2018 was particularly a good year for Microsoft as the company continues to grow under the stable leadership of its Indian-origin CEO Satya Nadella. The company which is headquartered in Redmond finished as the most valuable company in the world in November 2018, surpassing Apple and Amazon, reported Forbes.

L&T Construction bags orders worth Rs 1,060 crore in domestic market

L&T Construction bags orders worth Rs 1,060 crore in domestic market

Larsen & Toubro (L&T) on Thursday said its construction arm has won orders worth Rs 1,060 crore in the domestic market.

"The smart world and communication business has secured a major order from the Andhra Pradesh State FiberNet Limited (APSFL) for Bharatnet Phase-II works to establish an IP/MPLS Infrastructure covering the 13 districts of Andhra Pradesh," the engineering and construction major said in a BSE filing.

Malaysia Airports Holding cancels Hyd airport stake sale pact with GMR

Malaysia Airports Holding cancels Hyd airport stake sale pact with GMR

Malaysia Airports Holding Berhad has said it terminated the Share Purchasing Agreement (SPA) with the GMR Group for selling its 11 per cent stake to the latter as the Indian infra major did not fulfil the obligations as per the agreement before December 31.

DRDO weapon systems worth Rs 2.75 trillion to be inducted in defence forces

DRDO weapon systems worth Rs 2.75 trillion to be inducted in defence forces

The Defence Research and Development Organisation (DRDO) has said that its weapon systems and platforms worth over Rs 2.75 trillion have either been inducted into the services or would be joining them soon.

Speaking exclusively to ANI, DRDO Chief G Satheesh Reddy said their recent successes in the field of radars and missile technologies has further enhanced the trust levels of the services in his organisation and they are inducting its platforms in bigger numbers.

HPCL releases 1.6 cr LPG connections under PMUY

HPCL releases 1.6 cr LPG connections under PMUY

The Government on Wednesday gave out the 6-croreth free cooking gas (LPG) connection as the scheme to make available cleaner fuel in every household kitchens runs ahead of schedule. Government of India introduced ‘Pradhan Mantri Ujjwala Yojana’ (PMUY) for which budgetary provision of Rs 12,800 crore has been provided for releasing 5 Crores LPG connections to women member of BPL households by March’19 and additional 3 Crore LPG connections by March 2020.

Trai moves SC against TDSAT order on predatory pricing

Trai moves SC against TDSAT order on predatory pricing

The telecom regulator Trai has approached the Supreme Court against TDSAT order, which dismissed its predatory pricing tariff rule, Parliament was informed on Wednesday.

“Trai has filed an appeal before Supreme Court against the order of TDSAT dated 13th December, 2018. The appeal is yet to be listed,” telecom minister Manoj Sinha said in a written reply to the Lok Sabha.

Niti Aayog against Rs 14,000 crore infusion in BSNL, MTNL for 4G service

Niti Aayog against Rs 14,000 crore infusion in BSNL, MTNL for 4G service

New Delhi: The government think tank Niti Aayog have objected the proposal of preferential equity infusion in the two PSUs -- BSNL and MTNL -- amounting to nearly Rs 14,000 crores for acquiring 4G spectrum observing that the returns on such high investments from them are almost nil and it is not essential.

The department of telecom (DoT) had sought Niti Aayog’s views on the 4G spectrum allocation proposals for PSUs — BSNL and MTNL — that might cost the exchequer about Rs 14,000 crore.

Sensex, Nifty open weak on negative global cues

Sensex, Nifty open weak on negative global cues

Mumbai: Domestic equities declined for the second day as the BSE benchmark Sensex on Thursday fell over 100 points on weak global cues and heavy selling by foreign and domestic institutional investors.

The 30-share index was trading 103.90 points, or 0.29 per cent, lower at 35,787.62 in morning trade. Similarly, the NSE Nifty declined by 28.85 points, or 0.27 per cent, to 10,763.65.

Reliance Jio begins to devour Vodafone Idea, Airtel user base

Reliance Jio begins to devour Vodafone Idea, Airtel user base

New Delhi: Reliance Jio Infocomm Ltd has wrested market share from Bharti Airtel Ltd and Vodafone Idea Ltd, as the relatively new entrant in the telecom sector continued to add a large number of users even as its bigger rivals lost customers. Reliance Jio added 10.5 million users in October while Vodafone Idea and Airtel lost 7.3 million and 1.8 million users, respectively, according to data released by the Telecom Regulatory Authority of India (Trai) on Wednesday.

Sebi committees a glimpse into Ajay Tyagi’s style quotient

Sebi committees a glimpse into Ajay Tyagi’s style quotient

Mumbai: Every leader brings in a unique management style that is a mix of his personality and work experience. Ajay Tyagi, the current chairman of the Securities and Exchange Board of India (Sebi), also seems to have drawn from his experiences as a bureaucrat in Delhi’s corridors of power. In his 21 months at the helm of the powerful markets regulator, Tyagi has set a unique record, constituting 15 committees, including working groups, and introducing a whopping 34 consultation papers.

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