Microsoft Corp surpassed Apple to become the world’s most valuable publicly traded company. All it took was a $300-billion rout. After briefly claiming the top spot on Monday, Microsoft shares rose 0.6% on Tuesday, pushing the company’s market value to $828.1 billion at the close. That exceeded by more than $1 billion the value of Apple, which has tumbled this month on concern about iPhone unit sales.

The BSE benchmark Sensex on Thursday opened on a strong note. The S&P BSE Sensex opened at 35,997.29 and the Nifty50 barometer of the National Stock Exchange (NSE) started at 10,808.70.

At 10:17 AM, Sensex was at 36,052.66 mark, up by 332.45 points or 0.93 per cent while Nifty was at 10,813.05 mark, up by 85.20 or 0.79 per cent.

A jury in California rejected claims that Tata Consultancy Services Ltd. has discriminated for years against American workers in favor of staffing its US offices with Indians.

The verdict is a major victory for the Indian outsourcing industry, whose business model depends heavily on exporting Indian engineers to the US A federal jury in Oakland, California,

Despite a recent interaction between government and officials with Gem Jewellery Export Promotion Council (GJEPC), leaders say the absence of finance for the cash-hungry industry is being addressed, while others warn that if the current scenario persists, the impact could affect the country's exports as well.

The committee of creditors (CoC) to insolvent Essar Steel argued before the bench here of the National Company Law Tribunal that the offer made by the company's promoters, the Ruias, was "not maintainable" and wanted it dismissed. Their counsel, Ravi Kadam, also requested day-to-day hearing of the matter. The case was deferred to December 10, as one of two on the bench was on leave.

The Madras High Court granted anticipatory bail to TVS Motor Chairman Venu Srinivasan on Wednesday in connection with the alleged idol theft case in Tamil Nadu.

Srinivasan's name was mentioned in a first information report (FIR) by the local police. The case was then transferred to the Idol Wing of the Crime Branch-Central Investigation Department. The FIR accused him of replacing a century-old peacock idol at Chennai’s Kapaleeswarar temple with a fake one.

An Air India plane carrying 179 passengers struck a building at Stockholm's Arlanda airport with its wingtip as it taxied to gate on Wednesday, but no injuries were reported, police said.

"The 179 passengers could disembark from the plane on a mobile staircase and thereafter enter the terminal," police wrote in a statement.

The Delhi High court on Wednesday upheld the the conviction of 88 people by a trial court in connection with 1984 anti-Sikh riots in East Delhi's Trilokpuri area.

Last week, a Delhi court awarded death sentence to an accused and life imprisonment to another in the 1984 anti-Sikh riots case.

Chief Minister Arvind Kejriwal Wednesday ordered the suspension of Delhi's food and supplies commissioner over alleged irregularities in ration system, Food minister Imran Hussain said.

The orders of the food commissioner's suspension have been sent to Lt Governor Anil Baijal, Hussain said at a press conference here.

Shares of information technology (IT) companies are trading higher for the third straight session, with the Nifty IT index gaining 5% so far during this period on value buying.

Tata Consultancy Services (TCS) and Infosys, from the index, are up 4% each at Rs 1,961 and Rs 663, respectively. NIIT Technologies, Mindtree, Tata Elxsi, Tech Mahindra and HCL Technologies are up in the range of 1% to 3% on the National Stock Exchange (NSE).

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