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Microsoft, IIT Roorkee join hands for quantum computing learning

Microsoft, IIT Roorkee join hands for quantum computing learning

Quantum computing, with its power to solve intricate challenges in no time, has been catching the attention of tech researchers and students for some time now. Students today are aware of quantum computing’s ability to run a myriad of conflicting parameters and variables at a pace that is unparalleled. This, however, also begets the need to provide this body of emerging programmers with direct access to quantum programming in course of their education.

Bank credit growth runs only on govt’s infra engine

Bank credit growth runs only on govt’s infra engine

The government spending on infrastructure is helping push the bank credit growth, with almost no private participation, except for Reliance Jio in the telecommunications sector.

The bank credit data from the Reserve Bank of India (RBI) released on August 30 showed that only power, telecommunications, road, and cement sectors are witnessing an uptick in credit demand, thanks to government spending on several infrastructure projects.

Modi-Mahathir meet: Zakir Naik, Article 370 revocation discussed

Modi-Mahathir meet: Zakir Naik, Article 370 revocation discussed

Indian Prime Minister Narendra Modi and Malaysian PM Mahathir bin Mohamad met on the sidelines of Eastern Economic Forum in Vladivostok during which the former raised the issue of Zakir Naik and also discussed the need for legislative changes to Jammu and Kashmir.

ONGC yet to get complete legal ownership of GSPC's KG Basin gas block

ONGC yet to get complete legal ownership of GSPC's KG Basin gas block

Two years after acquiring an 80 per cent stake in Gujarat State Petroleum Corporation’s (GSPC) KG Basin gas block, state-run Oil and Natural Gas Corporation (ONGC) is yet to get complete legal ownership of the block.

Two senior company executives said “the production sharing contract (PSC) of the block is yet to be transferred to ONGC”. The deal was completed in August 2017, for which ONGC paid about ~7,738 crore.

India's BPCL buys US crude set to arrive in China after new tariffs kick in

India's BPCL buys US crude set to arrive in China after new tariffs kick in

An Indian state-owned refiner has swooped in to buy American oil that was en route to China but due to arrive after new tariffs kicked in.

Bharat Petroleum bought one or two cargoes of US crude that were recently diverted from its original destination of China, Refineries Director R Ramachandran said in an interview.

Metal stocks shine on positive global cues; Coal India gains 6%

Metal stocks shine on positive global cues; Coal India gains 6%

Shares of metal companies rallied up to 6 per cent on the BSE on Thursday after a slew of positive global developments lifted investor sentiment.

Among individual stocks, Coal India zoomed 6 per cent, National Aluminium Company (Nalco) rose 4.8 per cent, JSW Steel, Tata Steel, Jindal Steel & Power, and Steel Authority of India all gained over 3 per cent, while Hindustan Zinc was up 2 per cent on the BSE.

Sebi rejigs primary market advisory panel

Sebi rejigs primary market advisory panel

Markets regulator Sebi has reconstituted its Primary Market Advisory Committee (PMAC) that advises it on policy framework and development of initial public offerings and other such segments.

The 23-member panel is chaired by T V Mohandas Pai, chairman of the Manipal Global Education Services, according to the Securities and Exchange Board of India (Sebi).

NSE to conduct mock trading in various segments on September 7

NSE to conduct mock trading in various segments on September 7

National Stock Exchange (NSE) has said it will conduct mock trading sessions for various segments on September 7. The mock trading (contingency) has been scheduled for capital market segment, securities lending and borrowing market, commodity derivatives, currency derivatives and futures and options segments, NSE said in separate circulars on Tuesday.

Normal working hours for capital market segment and futures and options will be between 1015 hours and 1530 hours.

Maruti Suzuki to keep plants shut for two days to tackle sales slowdown

Maruti Suzuki to keep plants shut for two days to tackle sales slowdown

Maruti Suzuki India Ltd, hit by a severe slowdown in demand for automobiles, has decided to keep its two plants in Haryana shut on 7th and 9th September. The company, in a notice to the stock exchanges today, said the two days will be counted as ‘no production days’.

Yes Bank partners Microsoft to strengthen its AI powered banking solutions

Yes Bank partners Microsoft to strengthen its AI powered banking solutions

NEW DELHI : Yes Bank, India’s fourth largest C, has partnered with Microsoft to strengthen its first of its kind, AI enabled chatbot, Yes Robot, with advanced neuro language programming (NLP) engine LUIS (Language Understanding Intelligent Service) and other cognitive services, capable of understanding and resolving the evolving banking needs of customers without the need for human intervention.

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