Microsoft on Wednesday lowered its revenue estimates for the current quarter, saying it will feel the impact of the coronavirus epidemic with lower sales of Windows software and Surface devices.

The US tech giant became the latest global firm to warn of a financial hit from the global outbreak of the disease which has killed thousands worldwide.

Banks of the future would be extremely different from now, and regulating the distinct segments of these banks would be a challenging task, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday.

Therefore, an integrated framework for resolution of financial firms operating in India could be expected in the near future as that would add to the resilience of the financial system, Das said at the annual banking event of Mint.

Malaysia's Mahathir returns as interim PM amid political uncertainty

Malaysia's Mahathir Mohamad went back to work on Tuesday with the new title of interim prime minister, a day after he resigned the leadership in a shock move that plunged the country into political turmoil.

The final decision of Adani will, however, depend on the outcome of the due diligence after submission of the EoI. After the EoI process, prospective bidders will get access to data of the airline.

The Deputy Chief Minister of Delhi, Manish Sisodia got a clean chit from the Delhi Police for his tweet that accused police personnel of setting DTC buses of fire during the violence that broke out in and around the Jamia Milia Islamia university in December last year.

In its Action Taken Report (ATR), the Delhi police stated that no cognizable offence is made out against Sisodia. No cognizable offense is made out against Sisodia from the contents of his tweet. Sisodia only tweet his opinion on a video clip that was running on news channels, the ATR said.

After violence erupted in North-east Delhi in which four people, including one policeman, lost their lives, Union Minister of State for Home Affairs G Kishan Reddy has called it 'a conspiracy to defame India at international level' as the US President Donald Trump is on a visit to India.

Talking to news agency ANI, Reddy said, it is a conspiracy to defame India internationally. One police constable died during the riots. I ask Congress party and a few other political parties as to who will take the responsibility and why this conspiracy.

Shares of Larsen & Toubro (L&T) were trading lower for the fourth straight day, slipping 1.3 per cent on Tuesday to hit 52-week low of Rs 1,244 on the BSE. The construction & engineering company's stock was trading at its lowest level since February 18, 2019.

In the last nine months, L&T has underperformed the market by falling 22 per cent, as compared to 2 per cent rise in the benchmark S&P BSE Sensex during the period.

The Supreme Court on Tuesday will hear a petition, filed by the Ministry of Home Affairs (MHA), seeking a direction to execute the death row convicts in the 2012 Nirbhaya gang-rape and murder case separately.

A three-judge bench, headed by Justice R Banumathi and also comprising Justices Ashok Bhushan and Navin Sinha, will hear the plea today.

The Centre moved the apex court after the Delhi High Court had rejected its petition.

Shares of TVS Motor Company slipped 6 per cent to Rs 410 on the BSE on Tuesday after the two and three-wheelers manufacturer said the outbreak of pandemic Coronavirus (COVID-19) in China will lead to 10 per cent drop in its planned production in February. The stock was trading at its lowest level since October 17, 2019.

In the past one month, TVS Motor has underperformed the market by falling 12 per cent, as compared to 3 per cent decline in the S&P BSE Sensex.

Cash is still king in India, but there has been a perceptible shift in favour of digitisation in recent years, according to an internal study of the Reserve Bank of India (RBI). Having a high currency in circulation (CIC) relative to gross domestic product (GDP) is a good indicator of cash being highly preferred for payments. Based on this assumption, India continues to have a strong bias for cash payments, the study noted.

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