Cognizant Technology Solutions Corp , one of Facebook Inc's content review contractors, said on Wednesday it would shut some content moderation business, including those focusing on identifying objectionable content, resulting in about 6,000 job cuts.

The information technology services provider will also eliminate up to 7,000 jobs in its other units to invest in growth areas such as cloud and internet of things to cushion the impact from a decline in spending by its financial customers.

Ramco Cements, the fifth largest cement producer in India, said on Wednesday its consolidated revenue in the second quarter of current financial year moved up to Rs 1,332 crore from Rs 1,196 crore in the corresponding period of last year.

The profit after tax too moved up to Rs 172 crore from Rs 120 crore despite finance costs going up to Rs 15 crore from Rs 13 crore in the same period. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased to Rs 308 crore in Q2 FY20 from Rs 259 crore in Q2 FY19.

Shares of public sector undertaking (PSU) banks were in focus, rising up to 12 per cent in the intra-day deals on Wednesday. The counters extended their past three days' upmove on the National Stock Exchange (NSE), after the State Bank of India (SBI) reported a good set of numbers for September quarter (Q2FY20).

SBI was trading 3 per cent higher at Rs 290, up 9 per cent in four days on the NSE. The September quarter was mostly full of positives for SBI as the quarter saw improvement in the bank’s asset quality as slippages halved and net interest margin (NIM) and provision coverage ratio (PCR) expanded further.

Amazon, Apple and Alibaba top the list of companies that tech industry leaders worry most about disrupting their business, according to a KPMG report.

In a survey of more than 740 technology industry business leaders globally, DJI, Google, Netflix, Airbnb, Microsoft, Facebook, and Baidu round out the Top 10 list.

Vodafone Group Plc’s Indian venture, reeling under $14 billion of net debt, mounting losses and dwindling subscribers, has approached creditors for better payment terms to revive the sinking carrier, people with direct knowledge of the matter said.

Vodafone Idea Ltd., formed by last year’s merger of the British telecommunications firm’s local unit with billionaire Kumar Mangalam Birla’s Idea Cellular Ltd., has warned lenders that it won’t be able to honor its commitments for long under current conditions, the people said, asking not to be named as the discussions are private.

Security has been heightened in Kashmir following the terror attack in Kulgam district that left five labourers from West Bengal dead, even as a complete shutdown disrupted normal life across the valley on Wednesday, officials said.

The terror attack came at a time when a delegation of parliamentarians from the European Union is in Kashmir to talk to locals and ask them about their experience after abrogation of Jammu and Kashmir's special status under Article 370 of the Constitution.

The November 25 by-polls to three Assembly seats in West Bengal will be the first litmus test for the TMC and the BJP since the Lok Sabha polls in the state. The by-elections will be an indication of which way political winds are blowing in the state. It will be the first electoral contest between the BJP and TMC since this year’s parliamentary polls, in which the saffron party bagged 18 of the 42 Lok Sabha seats in the state, four less than that of the ruling Trinamool Congress.

Incumbent Maharashtra Chief Minister Devendra Fadnavis is likely to be elected as the leader of the Bharatiya Janata Party (BJP) legislative party on Wednesday. BJP president Amit Shah has deputed Union Minister Narendra Singh Tomar and party vice president Avinash Rai Khanna as central observers for the meeting where the newly-elected MLAs will meet on Wednesday to elect their leader.

The meeting of 105 newly-elected MLAs comes at a time when the BJP ally Shiv Sena has refused to support the party for government formation before it agrees to a 50:50 power-sharing formula.

WhatsApp on Tuesday sued Israeli technology firm NSO Group, accusing it of using the Facebook-owned messaging service to conduct cyberespionage on journalists, human rights activists and others.

The suit filed in a California federal court contended that NSO Group tried to infect approximately 1,400 "target devices" with malicious software to steal valuable information from those using the messaging app.

Flag carrier Air India's pilot bodies--IPG and ICPA -- on Tuesday sought appointment with civil aviation minister Hardeep Singh Puri for a clarity on the proposed disinvestment amid the government preparing to exit from the airline business.

The government for long has been trying to sell debt- ridden airline but could not attract bidders. It has now again decided to call bids for sale next month.

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