Tata Consultancy Services (TCS) has signed a global partnership with JDA Software, provider of end-to-end supply chain and retail solutions, to build next-generation cognitive solutions.

Under the agreement, it will also offer consulting and system integration services around digital technologies to optimise supply chains for customers worldwide.

State-run power generation company NTPC has threatened to curtail power supply to Jammu & Kashmir from February 19 unless the state’s power development department clears dues that have shot up to almost Rs 2,000 crore. Of the total outstanding dues, as much Rs 1,626 crore has been pending for more than 60 days.

As per the regulation notice sent to the electricity distribution company (discom) by NTPC, some of the bills for which payments have not been made were issued as early as February 2018.

Even as the Supreme Court on Monday dismissed the petitions of operational creditors of bankrupt Essar Steel, which includes Indian Oil Corporation, the promoters of the company — Ruias — moved the National Company Law Appellate Tribunal (NCLAT) against the January order of the Ahmedabad bench of the National Company Law Tribunal (NCLT) which had rejected its plea for placing an offer for resolution of the company.

The finance ministry through the Specified Undertaking of the Unit Trust of India (SUUTI) will sell up to a 3% stake in Axis Bank through the offer-for-sale (OFS) mechanism on Tuesday and Wednesday, the bank said in a notification to exchanges on Monday. The floor price for the offer would be Rs 689.52 per share. Axis Bank’s shares ended 1.1% lower than their previous close at Rs 710.35 on the BSE on Monday.

DLF’s operational performance continued to improve in Q3FY19 with new sales coming in at Rs 560 crore (Rs 630 crore in Q2FY19); the company also made positive operational cash flow (post-capex ex-dividend) for the second quarter running. Management continues to focus on liquidating Rs 12,300-crore inventory and scaling up the rental portfolio (DCCDL).

Amazon.com Inc said on Monday it has signed an agreement to buy eero, a startup company that makes home routers, to help customers better connect smart home devices.

Terms of the deal were not disclosed.

The Department of Telecom (DoT) is divided over the allocation of backhaul airwaves to mobile operators, with half of them backing the auction route for selling microwave spectrum and the remaining half sticking to the current practice of allotment on a first-cum-first-served basis.

The latter is international practice. According to at least two persons privy to the development, an internal panel of the DoT that is working on a policy of allotting backbone airwaves has not been able to decide on the matter due to differing views of the members.

Shares of Mahindra & Mahindra (M&M) hit a 52-week low of Rs 661 per share, down 3 per cent on the National Stock Exchange (NSE) in early morning trade on Monday after the management revised its tractor volume guidance lower to 10 per cent from earlier lower band of 12-14 per cent. It also expects FY20 tractor growth to be in single digits. The passenger vehicles industry is expected to grow at around 5-6 per cent in FY19.

The rupee opened eight paise higher at 71.23 against the US dollar on Monday.

The domestic unit appreciated by 14 paise Friday to close at 71.31 against on persistent foreign fund inflows even as the greenback strengthened overseas amid fresh concerns over global growth.

Debt-ridden telecom operator Reliance Communications (RCom)'s subsidiary Reliance Realty will develop the Maharashtra’s first and largest Smart Fintech Centre in Navi Mumbai, RCom announced on Monday. The Department of Information Technology, Government of Maharashtra and the Maharashtra Industrial Development Corporation (MIDC) granted approval to Reliance Realty to develop the Smart Fintech Centre at its Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai, under the Government of Maharashtra’s new Fintech Policy.

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