To help researchers and academia build Indian language speech recognition for all applications where speech is used, Microsoft India on Thursday launched its Indian language “Speech Corpus”, offering speech training and test data for Telugu, Tamil and Gujarati. This is the largest publicly available Indian language speech dataset which includes audio and corresponding transcripts, Microsoft said in a statement.

Shares of Wipro were up for the seventh straight day, rising to Rs 322, up 1% on the BSE.

In past three trading days, the stock has risen 4% after the information technology (IT) services firm on Sunday announced that it has won its largest contract to date from US-based human resources (HR) and financial solutions company Alight Solutions LLC. The stock hit a high of Rs 328 during intra-day trade on Monday, September 3, 2018.

The Indian Space Research Organisation (Isro) wants private industry to take over responsibilities of developing and manufacturing small rockets, PSLV rockets and satellites from 2020. In the next three years, the industry is expected to get orders worth Rs 90 billion.

Speaking at the World Space Biz, organised by CII and Antrix Corporation, K Sivan, chairman, Isro said the space agency will now be mostly occupied with the manned space mission, which has to be launched within four years.

Nearly nine months before its term was to end, the Telangana Assembly was on Thursday dissolved by the Governor on a recommendation by the state cabinet.

Governor E.S.L. Narasimhan accepted a resolution of the cabinet recommending dissolution of the Assembly. He asked Chief Minister K. Chandrasekhar Rao and his Council of Ministers to continue in office as caretaker Government.

Mumbai: The BSE Sensex rebounded over 150 points in opening trade on Thursday on value-buying in select bluechip stocks, recovery in rupee and fall in global crude oil prices, but pared some gains on mixed Asian trend.

The 30-share BSE index recovered by 164.46 points, or 0.43 per cent, to 38,182.77 in opening trade. It, however, lost some steam and was trading 48.46 points, or 0.13 per cent, higher at 38,066.87 at 0940 hrs.

Refunds due to as many as 1,500 Amazon customers have been siphoned off by hackers, according to a legal complaint filed by the e-commerce giant. The incident came to light after the legal cell of Amazon filed a complaint in Lucknow yesterday. Based on the complaint, an FIR was lodged against unknown hackers at Vibhuti Khand police station. Notably, many customers had initially complained that refunds were not being credited to their bank accounts.

Reliance Industries Ltd.’s recent gains are helping one of India’s most-valuable companies catch up with the benchmark index, which it had trailed for much of the past decade. The company’s shares have surged 135 percent since it launched telecom services in 2016, nearly four times the advance in the S&P BSE Sensex, making it the best performer in the 30-stock index. It has climbed 26 percent so far this quarter.

India’s efforts to sell a $1.6 billion stake in Oil & Natural Gas Corp. has run into concerns that government policies on fuel pricing would weigh on the state-run explorer’s share price, according to people with knowledge of the situation. Investors and fund managers that met with Indian government officials during a U.S. roadshow last month voiced concern that the government may reimpose fuel subsidies and that the nation’s state-set natural gas prices are too low,

Mahindra and Mahindra (M&M) managing director Pawan Goenka on Wednesday said tractor sales may be subdued during the July-September quarter because of floods in Kerala and several other parts of the country as well as a delayed start to the festival season which perks up buying.

However, Goenka added that sales are expected to pick up during the October-December quarter.

Over the past decade, L&T has experienced significant growth in its core E&C business’ working capital. Our analysis suggests that in the core E&C business, working capital has increased by Rs 148 billion for L&T over FY10- FY18 (a rise of ~5x). As a percentage of E&C sales, this number has risen from ~7.3% in FY10 to ~19.1% in FY18 (peaking in FY16 at ~23%). During the same time frame, the comparable E&C revenue base has gone up ~3x.

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