For Microsoft CEO Satya Nadella, quantum computing is among three technologies -- the other two being Artificial Intelligence (AI) and Mixed Reality -- that will soon disrupt the status quo, impacting our lives, communities and economies.

Believed to be a lot faster and more capable than the existing computing systems, quantum computing is set to herald the next wave of the digital revolution.

New Delhi: Sebi on Thursday said it will launch Unified Payments Interface as an alternative payment option for retail investors, buying shares in a public issue, in a phased manner from January 1 next year, which will cut listing time for an IPO to three days from six at present.

Smiles were back on the faces of investors on Friday as stocks joined their overseas peers in staging a spectacular rally on the back of falling crude oil prices and the easing of worries over the spat between US and China.

The 30-share BSE Sensex rose almost 580 points to end above the 35000-mark at a one-month high of 35011.65.

Mass employee walkouts. Leaks about an effort to get back into China. Successful demands to stop building artificial intelligence for the Pentagon. These days, Google workers are exerting an unusual level of control over their company.

But chief executive officer Sundar Pichai signaled on Thursday that he’s still in charge and won’t be constantly swayed by staff uprisings.

The net profit of Indian Oil Corp (IOC) for the second quarter of the current fiscal dropped 12% to Rs 3,247 crore, compared with Rs 3,696 crore, owing to lower margins and foreign exchange losses, a factor which also affected the other two state-owned oil marketing companies —BPCL and HPCL — in the quarter under review.

Punjab National Bank (PNB), the country’s second-largest public sector lender on Friday reported a net loss of Rs 4,532 crore in the September quarter of FY19, against a net profit of Rs 561 crore a year ago as provisions soared 300% on a year-on-year (y-o-y) basis to Rs 9,758 crore.

The proposed Silicon Valley Hub in Kolkata, the flagship information technology (IT) project of the West Bengal government, has attracted four major players — Reliance Jio, Tata Consultancy Services, Capgemini and Firstsource.

The four companies are the major ones among others to have submitted proposals under the expression of interest (EOI) floated by the West Bengal government for setting up units in the proposed hub, said Amit Mitra, finance,

The divide between incumbent telecom operators and latest entrant Reliance Jio, in terms of subscriber additions, continues to prevail even though it’s been more than two years since the Mukesh Ambani-owned company joined the bandwagon.

LIC Housing Finance Ltd was eyeing 15-16 per cent growth rate during the current financial year, a top company official said Friday. After inaugurating the 21st edition of the property fair ‘Ungal Illam’ here, company Managing Director and CEO, Vinay Sah said, “We have targeted to grow at about 15-16 per cent this year. Our H1 (April-September period), growth rate was in the range of 20 per cent.”

Indian power producer NTPC Ltd reported a marginal fall in September-quarter profit on Friday, missing estimates, as higher expenses weighed.

Profit came in at 24.26 billion rupees ($334.03 million) for the three months ended Sept. 30, compared with 24.39 billion rupees a year earlier, said the country's largest electric utility company by market capitalisation.

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