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.

State Bank of India, the country’s largest lender, on Tuesday said it had tripled its target for purchase of loan portfolio from non-banking financial companies (NBFCs) and was looking for opportunities both in priority and non-priority sectors.

According to the bank’s internal assessment, there may be an opportunity to buy additional portfolio in range of Rs 200 billion to Rs 300 billion, SBI said in a statement.

Mobile messaging platform WhatsApp Tuesday said it has built a system that stores payments-related data in India, in line with RBI's data localisation policy.

The Reserve Bank of India (RBI), in a circular in April, had said all system providers will have to ensure that the entire data relating to payment systems operated by them are stored in a system only in India. It had given time till October 15 to comply with the mandate.

Yes Bank shares extended rally on Tuesday, and gained more than 4% intra-day after reports that promoters Rana Kapoor and Madhu Kapur have initiated moves to reach an out-of-court settlement. Notably, Yes Bank shares zoomed to an intra-day high of Rs 233.8, in second straight day of rally.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.