The telecom department will challenge the telecom tribunal TDSAT's order allowing Reliance Communications to sell spectrum to Reliance Jio without providing the bank guarantee.

"The licence conditions do not provide for accepting any barter system. DoT will challenge TDSAT order that directs it to allow RCom sell spectrum with land as security," a senior DoT official told PTI.

Artificial Intelligence (AI) is the big buzzword in the world of technology as it promises to change the way we live and interact with devices. For Microsoft, there is nothing “artificial” about delivering on “intelligence” as the supreme aim is to empower nearly one billion people with disabilities.

The excitement about AI is so evident on the Microsoft campus here that various teams associated with the task have focused their energies towards achieving the impossible — to give differently-abled a normal, dignified life.

ICICI Bank shares zoomed nearly 10% on Monday after the bank’s quarterly results showed an improvement in asset quality for the quarter ended September 2018. ICICI Bank share price surged by 9.8% to an intra-day high of Rs 346.55 per share on the NSE on Monday, the highest level in over a month. ICICI Bank was the top gainer on both the Sensex and Nifty indices in Monday’s trade.

Country’s largest lender State Bank of India (SBI) and Japan' Hitachi will enter into a joint venture (JV) for establishing card acceptance and digital payments platform in India. Hitachi Payments Services, a unit of Hitachi, will pick up 26 per cent stake in SBI Payment Services, a wholly-owned subsidiary of SBI. Both parties will apply for regulatory approvals, Hitachi said in a statement on Monday.

Last week, Bharat Heavy Electricals (BHEL) announced a buyback of its 189.3 million equity shares (nearly 5.16 per cent of the paid up equity share capital) at Rs 86 apiece, amounting to Rs 16.28 billion. The buyback price is at around 28 per cent premium to the current market price of Rs 67 on the Bombay Stock Exchange (BSE).

Analysts believe investors should subscribe for the buyback offer, as the long-term outlook of the business remains a concern.

It's that time of the year when companies across sectors will line up to provide customers n number of offers and deals. Well, one such offer is here for you to make the most of it. Mukesh Ambani-led Reliance Jio has come up with a 100 per cent cashback Diwali offer on prepaid recharges.

With prepaid recharges available across different slabs, a customer making a recharge of Rs 149 or above through a retailer, Jio website, app, or any of Jio's partner websites will be eligible for a 100 per cent cashback.

South Korean auto major Hyundai could bring in a smaller electric SUV to India after assessing the response for its bigger Kona electric SUV which it plans to introduce in the country next year, a top company official said.

The company, which operates in the country through its wholly-owned subsidiary Hyundai Motor India Ltd (HMIL), would launch its first electric model Kona in the second half of the next year.

Mumbai: The BSE Sensex recovered over 173.33 points in opening trade on Monday on sustained buying in recently battered stocks amid strength in the rupee.

The 30-share Sensex, which lost 340.78 points on Friday, recovered by 173.33 points, or 0.52 per cent, to 33,522.64. Positive trend appeared in some sector led by Infra and Auto, while mixed movements were seen in the banking stocks.

New Delhi: One97 Communications Ltd, the parent company of mobile payments app Paytm, widened its net loss by 70% in the last financial year as higher expenses offset a surge in revenue, showed data from business intelligence platform Tofler. The company, backed by China’s Alibaba Group Holding Ltd, posted loss of 1,490.7 crore in the year ended 31 March, 2018.

IBM’s purchase of Red Hat Inc. is a $33 billion bid aimed at catapulting the company into the ranks of the top cloud software competitors. The cash deal, IBM’s biggest ever by far, boosts the 107-year-old computer-services giant’s credentials overnight in the fast-growing and lucrative cloud market — and gives it much-needed potential for real revenue growth.

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