To groom professional political leadership in the country, the Yogi Adityanath government on Wednesday announced that it will set up a Political Training Institute in the National Capital Region (NCR).

The institute is proposed to be set up over an area of almost 10 acres in Ghaziabad at a cost of nearly Rs 2 billion.

Shares of YES Bank, Dewan Housing Finance Corporation, Goa Carbon, Philips Carbon Black and Infibeam Avenues have rallied more than 40% from their respective 52-week lows.

YES Bank was up 5% to Rs 237 in intra-day trade, extending its past two days 9% gain on the BSE, after the board of private sector lender inducted TS Vijayan, former chairman of Insurance Regulatory and Development Authority of India (IRDAI) and Life Insurance Corporation of India (LIC), and OP Bhatt, former CMD of State Bank of India (SBI), as external experts in the committee.

Tata Motors Wednesday launched an updated version of its compact sedan Tigor, priced between Rs 520,000 and Rs 738,000 (ex-showroom).

The petrol variants of the model are priced between Rs 520,000 and Rs 665,000, while the diesel trims are tagged between Rs 609,000 and Rs 738,000.

Shares of IT companies slipped in the intraday trade on Wednesday as the rupee recovered from all-time lows.

At 12:13 am, shares of TCS were trading two per cent lower at Rs 2,050 a piece on BSE. The stock dropped as much as 2.87 per cent to Rs 2,030 during the trade. On similar lines, Infosys was down over two and a half per cent at Rs 698.75. HCL Tech was trading at Rs 1,045.50, down 2 per cent.

The Supreme Court Wednesday asked the Centre to provide details of the decision making process in the Rafale fighter jet deal with France in a sealed cover but clarified that it does not want information on pricing and technical particulars.

The bench, comprising Chief Justice Ranjan Gogoi and Justices S K Kaul and K M Joseph, also made it clear that it was not taking into account the allegations on corruption in the deal made in the petitions.

At least seven people were killed and several others injured as eight coaches and the engine of the New Farakka Express train derailed in Uttar Pradesh’s Raebareli district on Wednesday morning.

New Farakka Express, train number 14003, was coming from Malda Town in West Bengal to New Delhi when 8 coaches and the engine derailed 50 meters from Harchandpur railway station in Raebareli.

The rupee on Wednesday opened 25 paise up at 75.14 against the US dollar. The domestic unit fell 33 paise on Tuesday to finish at a fresh lifetime low of 74.39 against on high crude oil prices, strengthening of the greenback and unabated foreign fund outflows.

Government bonds on Tuesday declined sharply as the rupee weakened to new lows amid a rise in oil prices as well as tightening US yields.

Microsoft Corp. is on track to catch up with Amazon.com Inc. by obtaining top federal security authorizations early next year, bolstering the company’s position in the Pentagon’s winner-take-all competition for a multibillion-dollar cloud computing deal.

The software company said Tuesday that it will earn the certification required to host the government’s most sensitive and classified information -- a distinction previously held only by Amazon Web Services -- by the end of the first quarter of 2019.

Instagram has added more weapons to battle cyber bullying, using artificial intelligence to scan photos for abusive content at the Facebook-owned service.

The move comes after Facebook also increased anti-harassment measures, following a survey which said young victims of online abuse feel social media firms aren't doing enough to fight the problem.

India’s second largest carmaker Hyundai Motor India Ltd will ship out its all new Santro model to global markets apart from catering to the domestic market, said a top company official on Tuesday.

The company will begin booking for the new model online from Wednesday onwards till October 22, he said.

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