Microsoft has become the most valuable US company with $753.3 billion in market capitalisation, riding past Apple for the first time since 2010 when it came close to the Cupertino-based tech giant.

Apple, which became the first $1-trillion US company in August, came down to $746.8 billion on Friday, owing to lower-than-expected iPhone sales amid reports of its suppliers cutting cost and workforce.

The Bitcoin Cash wars are over. Over the past week, two factions tried to take over the network and the name of Bitcoin Cash, the world’s fourth-biggest cryptocurrency. The struggle created market uncertainty and drove down its price by almost 50 percent, contributing to the slide in Bitcoin as well. Now the dust is settling, with Bitcoin SV on the losing end.

Today, Mahindra & Mahindra (M&M), the utility and electric vehicle major, will launch the Alturas G4 SUV in India—which is a vehicle based on SsangYong Rexton (SsangYong is a South Korean automobile manufacturer and a subsidiary of M&M). With the Alturas G4, the company will foray into the Indian premium SUV segment, currently dominated by Toyota Fortuner and Ford Endeavour.

The Supreme Court has allowed markets regulator Sebi to go ahead with certain proposed amendments to self regulatory organisation (SRO) regulations, including appointment as SRO, that are necessary to regulate mutual fund products.

A Bench led by Chief Justice Ranjan Gogoi accepted Sebi’s plea that the selection process for appointment as SRO for distribution of Mutual Fund (MF) products is required in the public interest.

This festive season, air purifiers joined mobiles phones and TVs to record high growth among consumer electronics on e-commerce platforms.

Sandeep Karwa, senior director of product and business at Flipkart, said that the platform saw a 400% increase in the units air purifier sold during the festive season this year compared to last year.

Vodafone Idea is in the process to reduce the number of its distributors by 16,000, and branded stores by 2,000, by the end of this financial year, a company document said. The company plans to reduce the number of its distributors from around 43,000 to 27,000 by December.

It has around 6,000 branded retail stores, which it plans to cut to 4,000 by March 2019, it said.

Infosys, the country’s second largest software services company, will set up three innovation hubs in Australia and create 1,200 jobs Down Under by 2020. The Bangalore-based company is already setting up similar hubs in the US — its largest market — and expects to hire 10,000 local workers by 2019.

New Delhi: Do you want to inculcate the habit of savings in your child? Then introduce him/her to the banking system. State Bank of India (SBI) has introduced Pehla Kadam and Pehli Udaan savings account for minors. SBI on microblogging site Twitter said, “Introduce your children to modern-day banking, responsible spending and the power of savings with Pehla Kadam and Pehli Udaan Savings Accounts! Loaded with various features, these accounts prepare your little ones for a sound financial future”.

Mumbai: The Securities and Exchange Board of India (Sebi) has initiated an enquiry into DSP Mutual Fund selling bonds of Dewan Housing Finance Ltd (DHFL) in September, two people aware of the matter said. News of the sale had triggered a 60% intra-day crash in DHFL share price. “The market regulator wrote to the fund house earlier this month probing whether there was a violation of model code of conduct by the fund house,

New Delhi: Vodafone Idea Ltd is gearing up to fight rivals Bharti Airtel Ltd and Reliance Jio Infocomm Ltd with an aggressive expansion of its network of fourth-generation (4G) mobile tower sites and segmenting its markets into four categories on the basis of leadership and profitability with a specific strategy for each, said a person aware of the plans.

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