Microsoft announced on Wednesday that it has signed an agreement to acquire Bonsai, an artificial intelligence (AI) startup based in San Francisco, to boost its AI and machine learning capabilities. Microsoft said its acquisition of the small startup is “another major step forward in our vision to make it easier for developers and subject matter experts to build the “brains — machine learning model for autonomous systems of all kinds.”

Odisha Slurry Pipeline Infrastructure (OSPIL), which owns the pipeline carrying iron ore to Essar Steel, has not been receiving payments from the steelmaker, Sunil Kanoria, vice-chairman, Srei Infrastructure Finance, has confirmed. Essar Steel is currently in the midst of a corporate insolvency resolution process. Kanoria told FE that since the pipeline is a leased asset, payments should have been regular. “It’s an operating expense and the company should have paid the monthly rentals.

The Department of Telecommunications (DoT) has clarified that telecom operators can provide internet telephony to its subscribers using internet services from other service providers. Internet telephony services are untethered from the underlying access network. Hence, internet telephony service can be provided by telecom operators using internet service of other service providers, a DoT notification said.

Going by the recent order on Alok Industries from the National Company Law Tribunal (NCLT), it would appear State Bank of India (SBI) has no objection if the resolution plan is not put to vote again. When the plan was voted on, in April, 70% of the lenders voted for it. However, since the law at the time required a 75% majority for a plan to be approved, the plan was turned down.

NEW DELHI: The telecom department has received legal opinion on the issue of raising demand for dues pertaining to Vodafone, ahead of the proposed mega-merger of Vodafone and Idea Cellular in the Indian market, according to a senior government official.

The legal opinion had been sought by DoT (Department of Telecom) recently as some of the demands for arrears are sub judice.

Anil Chanana let the cat out of the bag at an analyst call earlier this year. The chief financial officer of HCL Technologies said he expects half the growth for the current fiscal to come organically. “If I take 10.5% as being the middle of the range, I am cutting it exactly in half — 5.25% is organic and 5.25% is inorganic.”

It looks like the government wants to play safe with Air India's privatisation as general elections are just around the corner. Weeks after the divestment process found no takers for the beleaguered national carrier, the government said it would soon review the plan to sell a stake in Air India. The process, now turned out to be a complete failure, was anyway facing stiff resistance from not only the opposition but from some within the government.

Prime Minister Narendra Modi today performed Yoga with over 50,000 enthusiasts at the Forest Research Institute campus here, saying the ancient Indian discipline has emerged as the most powerful unifying force in a strife-torn world.Addressing the large gathering in the backdrop of the iconic British-era building of FRI, Modi said yoga has shown the world the way from "illness to wellness" and enriching lives across the globe.

Tata Consultancy Services (TCS) has expressed concerns regarding the government’s decision to utilise postal department staff as citizen service executives at post office passport seva kendras.

The decision was in contravention of the provisions of the master services agreement signed between the company and the Ministry of External Affairs (MEA) on October 13, 2008, TCS said.

Engineering conglomerate Larsen & Toubro (L&T) has written to the NITI Aayog raising concerns over the recent submarine project award to public sector owned Mazagon Dock Shipbuilders on a nomination basis, according to people with direct knowledge of the development.

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