Microsoft’s new Windows 10 operating system debuts tomorrow, as the longtime leader in PC software struggles to carve out a new role in a world where people increasingly rely on smartphones, tablets and information stored online.

No one’s expected to line up overnight for Windows 10, the way people did 20 years ago for Windows 95. But Microsoft is counting on tens or even hundreds of millions of people to download its latest release for free in the coming months.

Shares of Punjab National Bank rose over 6 per cent on its first quarter net profit of current fiscal.

At 2:30 pm, Punjab National Bank stocks traded 4.62 per cent up on BSE. On NSE, PNB stocks rose 5.03 per cent.

The Indian basket of crude oil price has plummeted to $54.41 per barrel, its lowest in four months, on the back of multiple factors, including a contraction in the manufacturing sector in China, the world’s second-largest consumer of crude after the US. A stronger US dollar has also made non-US investors to sell commodities, pressuring prices already impacted by the global oversupply concerns from the just-concluded Iranian nuclear deal.

The Indian basket represents the average price of Oman and Dubai sour grade crude and the sweet Brent crude oil processed in Indian refineries in the ratio of 72:28. It stood at $54.41 per barrel on the last trading day of July 24, falling from a peak of $66.54 per barrel on May 6, and the lowest since April 2 price of $54.77 per barrel.

ICICI Bank, the country’s largest private sector lender, has decided to sell loans turned sour of about Rs 1,000 crore to asset reconstruction companies (ARCs).

A top executive with an ARC said the bank had put two accounts, of Falcon Tyres and Tulip Telecom, on sale. The lender has an exposure of Rs 700 crore to Tulip and Rs 300 crore to Falcon.

Markets regulator the Securities and Exchange Board of India (Sebi) has intended to treat brokers of commodity exchanges at par with their counterparts at equity exchanges in terms of registration and transaction fee ahead of registration process.

In a meeting recently held with representatives of commodity broking fraternity, Sebi said that commodity brokers should be treated at par with equity brokers and therefore, pay uniform registration fee of Rs 50,000 per member as currently paid by equity brokers.

Maruti Suzuki, India's biggest car maker, today posted 56 growth in its net profit at Rs 1,192 crore for the quarter ended June 30, 2015, as against Rs 762 crore posted for the same quarter last year.

Net sales of the company grew 18% to Rs 13,078 crore during the reporting quarter as compared to Rs 11,073 crore posted in the corresponding quarter a year ago.

Housing Development Finance Corporation (HDFC), India’s largest mortgage lender, net profit increased by only 1.21 percent to Rs 1,360.98 crore from Rs 1,344.66 crore in the April-June quarter a year ago.

The loan book jumped by 13.6% to Rs 2,31,224 crore at the end of June quarter compared to Rs 2,03,384 crore a year ago. In the last twelve months, loans worth Rs 10,949 crore were sold and after adding this amount the lender recorded a growth in the individual loan portfolio of 23%. The growth in the non-individual loan portfolio was recorded at 10%.

MUMBAI: The story goes that some months ago an investor expressed impatience with Idea Cellular's stance that the Indian consumer wasn't ready for 4G or next-generation, high-speed network technology.

The investor suggested that this belief was misplaced, given that the competition was very busy on this front.

Facebook Inc plans to scale up its service to offer free basic Internet on mobile phones, an executive said, after introducing the application in 17 developing countries over the past year.

In a blog post released to mark the first year of the initiative, Facebook said it will open a portal allowing any mobile operator to offer the service under its Internet.org platform. Facebook currently partners with specific operators to launch the service in different countries.

Bus ticketing website redBus has launched services in Malaysia and Singapore as a part of its overseas expansion drive.

Travelers can now book inter-city bus tickets between Singapore & Malaysia and between cities within Malaysia, under the domain www.redbus.sg and native mobile apps on iOS and Android, ibiboGroup which owns redBus announed today.

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