New Delhi: Infosys Foundation on Monday announced Rs 1.5 crore reward to push innovation in social work following increase in funds under the government rules.

"Infosys Foundation have been working since last 22 years. We had less money but thanks to 2 per cent now, which is more money.

Bengaluru/San Francisco: Google will shut down the consumer version of its social network Google+ after announcing data from up to 500,000 users may have been exposed to external developers by a bug that was present for more than two years in its systems. The company said in a blog on Monday it had discovered and patched the leak in March of this year and had no evidence of misuse of user data or that any developer was aware or had exploited the vulnerability.

Benchmark indices turned choppy on Tuesday as investors turned cautious amid mixed global cues.

The benchmark BSE Sensex opened 150 points higher on buying by domestic institutional investors (DIIs) and rupee recovery.

State oil marketing companies have stepped up pressure on Air India, threatening to suspend supplies in case of default.

On Monday, the Indian Oil Corporation threatened to snap supply at eight airports over pending dues. However, supply was not discontinued, as the airline made a payment of Rs 1 billion. Air India group companies uplift fuel around Rs 220-230 million daily and the amount has risen over last couple of weeks because of increase in fuel prices.

GMR Infrastructure will give Rs 35.6 billion by way of cash and 5.86 per cent stake in its airport holding company to three private equity (PE) investors, ending two years of litigation.

The immediate cash payout works out to around Rs 15 billion, as the three investors are to give new loans of Rs 20.05 billion as part of the transaction. In 2010-11 and 2011-12, GMR Group had raised Rs 14.78 billion via compulsorily convertible preference shares from SBI Macquarie, Standard Chartered Private Equity, JM Financial Old Lane and others.

Shares of Tata Motors hit a six-year low of Rs 185 per share, down 13% on the BSE in intra-day trade on Tuesday, after the company-owned Jaguar Land Rover (JLR) on Monday, reported a 12.3% year on year (YoY) decline in global sales at 57,114 units in September, hit by lower demand in China. The stock was trading at its lowest level since July 26, 2012, on the BSE.

For those surprised by India’s decision to hold interest rates last week, the central bank’s forward-looking surveys hold some explanation: demand in the world’s fastest-growing major economy may be cooling.

The capacity utilization rate, consumer confidence, and the outlook for demand in the manufacturing sector in the third quarter were less optimistic, the results of separate surveys released by the Reserve Bank of India show.

Despite claims by a company executive that Microsoft tech support has the tools to help users recover the files deleted by the “Windows 10 October 2018” update, users have not yet been able to avail the facilities, a media report said. Microsoft on Saturday paused the roll-out of the software update after several users complained that installing the update was wiping off their data.

Tata Motors Monday launched a new premium variant of its lifestyle sports utility vehicle (SUV) Hexa with 16 new features, priced at Rs 1.527 million (ex-showroom New Delhi).

The Hexa XM+ also been made available with an electric sunroof to enhance, which comes with a two years warranty, it said.

Larsen & Toubro (L&T) Monday said the power transmission and distribution business of its arm L&T Construction has bagged orders worth Rs 18.81 billion in the domestic and international markets.

"The business has secured major orders for constructing 22 132/11kV substations in Kuwait," the engineering and construction major said in a BSE filing.

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