Tata Motors’ newly appointed chief Guenter Butschek today said the company will undertake a transformation exercise, which would include a relook at brand positioning, revamping products and increasing its global footprint, in order to be “future ready”.

“Tata Motors will undergo a major transformation process in order to get future ready…We would like to effectively review the entire setup of Tata Motors as far as its structure is concerned, as far as the processes are concerned and when it comes to manufacturing, as far as the equipment and tools are concerned,” he told reporters in his maiden media interaction.

Securities and Exchange Board of India (Sebi) has approved IRB Infrastructure Developers’ application for Infrastructure Investment Trust (InvIT), paving the way for launch of India’s first such instrument.

In a notice sent to stock exchanges, Mumbai-based road developer said, “Sebi has granted the certificate of registration in terms of Regulation 6 of Sebi (Infrastructure Investment Trusts) Regulations, 2014 (Regulations) to IRB InvIT Fund to which the company is a sponsor”.

Advocating selective stock-picking in the banking sector amid current uncertainty over rising non-performing loans, ICICIdirect.com has advised investors to stick to shares of strong banks including HDFC and IndusInd Bank. The brokerage house has said other banks shares that can be bought are State Bank of India, Axis Bank and City Union Bank.

On government-owned banks, a ICICIdirect.com report said “entering PSU banks at current levels would not be a prudent strategy despite them seeming to be available at cheap valuations.

India’s largest realty firm, DLF, on Thursday sold its shopping mall at Saket in New Delhi to its wholly-owned subsidiary for Rs 904.5 crore, as part of a strategy to consolidate and monetise rental assets.

DLF said the board of directors had “approved sale of ‘DLF Place Saket’, a shopping mall, having a built-up area of 5,16,000 sq ft along with land parcel... to Nambi Buildwell Pvt Ltd, a wholly-owned subsidiary of the company on an arm’s length basis”.

Tata Consultancy Services (TCS), India's leading IT services provider, today announced a three year partnership with the Virgin Money London Marathon to enhance the digital experience delivered to marathon participants. Under the terms of the partnership, TCS will become the race's Official Technology Partner for the 2016, 2017 and 2018 events.

First established in 1981, and part of the World Marathon Majors, the Virgin Money London Marathon is considered one of the world's foremost marathons. A record total of 247,069 people entered the ballot for the 2016 race, with over 37,000 runners expected to take part on Sunday 24 April.

Rumors are flying today that Apple is moving part of its cloud business from AWS to Google’s Cloud Platform. We did some asking around and yes, it does appear that Apple has made some moves to diversify its iCloud storage, tapping Google for some of that business.

This is another huge win for Google and a — at the very least perceived — loss of ground for AWS, which has watched as Dropbox moved large parts of its US storage business in-house and Spotify moved at least part of its business to Google, too.

New Delhi: The Aadhaar bill is just a signature away from becoming a law, but the government still has much to do to shape its financial inclusion plans through the unique identification number.

The Unique Identification Authority of India will be a statutory body with the power to issue regulations. These regulations cover several areas, the framework for which the Aadhaar bill provides.

Air India on Wednesday signed an agreement for leasing 14 Airbus A320neo aircraft with ALAFCO, a Kuwait-based leasing company. The delivery of aircraft is likely to start from early next year. The agreement was signed on the inaugural day of India Aviation 2016, the country’s largest aviation conference and exhibition.

Air India CMD Ashwani Lohani and ALAFCO vice chairman and CEO Ahmad Al Zabin signed the agreement.

MUMBAI: Oil and Natural Gas Corporation Ltd, India's biggest explorer, plans to enter into partnerships with overseas oilfield service providers to boost output from ageing oil and gas fields, its chairman said.

Under the terms of the tie-up being discussed, firms such as

Indian Oil Corp (IOC) has hiked petrol and diesel price on Wednesday.

Petrol price has been hiked by Rs 3.07 per litre and diesel by Rs 1.90 per litre. Revised prices will take effect from the midnight of March 16 and 17.

After the revision, petrol will cost Rs 59.68 per litre in Delhi whereas diesel will cost Rs 48.33 per litre.

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