With Janata Dal's (Secular) HD Kumaraswamy all set to take oath as the Karnataka Chief Minister on May 23, Congress is likely to have its own MLA as the speaker of the state assembly, according to sources.

The local leaders participating in the negotiations will most likely announce the name by Tuesday evening.

Market regulator the Securities and Exchange Board of India (Sebi) is planning to ease the norms for mutual funds (MF) participation in the derivative markets. According to the sources, the regulator is considering measuring such as, allowing domestic funds to 'write' options and increasing cap on F&O investments. The move is a part of Sebi’s efforts to deepen the Indian derivative markets.

Apollo Hospitals on Tuesday adopted IBM's cognitive computing platform Watson for Oncology and Genomics in 10 of its cancer care hospitals.

These platforms will help physicians provide patients with personalised, evidence-based cancer care.

Mumbai: Rajesh Gopinathan, the CEO of Tata Consultancy Services (TCS), saw his remuneration rise to Rs 12.49 crore in 2017-18.

While Gopinathan received a total pay of Rs 6.22 crore in 2016-17, the numbers are not comparable as he assumed charge as the managing director and CEO of the country's largest IT services firm in February 2017.

Calcutta: Indian Railways will prioritise the loading of coal for supply to thermal power plants till June-end in a bid to address the fast depleting stock at the generating units.

At the request of the power ministry, the railways through a May 18 circular gave a higher priority to power plants, effective from May 19 till June 30, 2018.

Shares of Anil Ambani’s ADAG (Anil Dhirubhai Ambani Group) rallied in the afternoon deals on Tuesday with the share price of telecommunication company Reliance Communications (RCom) gaining nearly 20% after the latter moved to NCLAT to challenge the stay order of NCLT in connection with the settlement with Swedish telecom equipment manufacturer Ericsson. Meanwhile, shares of Reliance Naval and Engineering (RNaval) also jumped more than 17%.

India’s largest car manufacturer Maruti Suzuki India (MSIL) is looking to add 400 vendors to its suppliers’ training programme to enhance quality and production efficiency.

Under this programme, the company will assist 400 tier-1 suppliers on global best practices for training workforce by 2020. MSIL has so far established 90 Dojo centres – state-of-the-art facility for learning – to help vendors achieve greater operational efficiency.

SBI Q4 Results 2018: SBI share price today fell more than 1% in the morning deals on Monday as India’s largest bank by assets State Bank of India is all set to announce the financial results for the quarter and the financial year ended 31 March 2018 today, 22 May 2018 (SBI Q4 results 2018 date). Over the course of last one year, SBI share price has declined more than 16% despite the announcement of the mega-plan of Rs 2.11 lakh crore to recapitalise NPA-ridden PSU banks.

As oil prices rise, Moody’s Investors Service said state-owned oil producers ONGC and Oil India Ltd face increasing risk of the government once again requiring them to share the fuel subsidy burden. Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) had for more than 13 years paid as much as 40 per cent of the under-recoveries arising from fuel retailers selling petrol, diesel, cooking gas (LPG) and kerosene at a government-mandated price, which was way below the cost.

The country's largest lender SBI today said its services may be impacted on May 30-31 if the proposed strike by various bank employees' unions take place.

The bank unions have been pressing for various demands, including wage revision in the wake of the proposal for a 2 per cent hike in salary. State Bank of India said the Indian Banks' Association (IBA) has communicated to the bank that the United Forum of Bank Unions (UFBA) has served a notice to go on a nationwide bank strike on May 30-31, 2018.

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