The BSE Sensex rebounded over 130 points in opening trade today, reversing its two-session losing streak on value-buying in select blue-chips amid a strengthening rupee.

Overseas, mixed trend at other Asian markets also influenced trading sentiments here. The rupee recovered from its nearly one-month low by strengthening 32 paise to 68.06 against the US dollar in early trade today. The 30-share BSE index was trading higher by 130.41 points, or 0.37%, to 35,417.15 in early trade today.

Tata Motors is aiming to save Rs 19 billion through cost reduction initiatives during 2018-19, a number comparable to last financial year. It will launch 50 new variants and products in the commercial vehicle (CV) segment, the backbone of the company.

The cost savings of the last year came from both the CV and passenger vehicle (PV) division of the domestic business. Some of the cost saving initiatives include, bringing efficiencies in procurement of raw material and components and alternate cost effective sourcing.

As artificial intelligence (AI) takes centrestage in developing new-age digital technologies, Microsoft Research Lab in India has developed a bouquet of cognitive solutions to address specific challenges faced by enterprises as well as individuals. The solutions developed by the company cover a broad spectrum including helping recruiters to gauge the behaviourial profiles of candidates during virtual job interviews and assisting in real time language translation in vernacular languages among others.

Sebi plans to reduce the cooling off period to one year for its former employees before they take up jobs elsewhere as well as introduce special casual leaves for staff with physical disabilities, according to a senior official.

Besides, the watchdog has proposed a comprehensive review of its recruitment policy.

Amazon.com said on Tuesday that it has partnered with Marriott International to help increase guest access to amenities with Alexa, through its voice-controlled device Echo, in an attempt to expand its presence in the hospitality industry.

Alexa for hospitality would assist in providing services ranging from ordering room service to requesting housekeeping or calling the concierge for dinner recommendations without picking up the phone.

New Delhi: The Indian Railways seems to be in love with mobile apps and vice-versa—a trend that seems to have picked up in the last four-five years.

As a result, in a short span, the Google Play app store has seen more than 250 mobile applications offering a range of railway services. Of these, close to 50 mobile applications have been developed by the national carrier and the rest by individuals and private companies.

As IT major Infosys completed 25 years of its listing on the stock exchange, a former senior official of the firm paid rich tributes to the co-founder N R Narayana Murthy for creating the “dream” company.

“I don’t think the country is going to see one more Infosys again because Infosys has been a dream company for many generations,” says ex-Chief Financial Officer V Balakrishnan.

The government has decided not to go ahead with Air India stake sale in an election year and will provide required funds for its operations, a senior official said today.

The decision comes less than 3 weeks after the proposed 76 per cent strategic stake sale in debt laden national carrier failed to attract any bidder.

Reliance Communications (RCom) subsidiary Global Cloud Xchange (GCX) on Tuesday announced the completion of India data centre for Eagle Subsea Network, scheduled to be fully operational by 2020.

The Eagle express cable system, when it lands in Mumbai, will drive tremendous capacity towards Hong Kong and Europe.

Shares of UltraTech Cement, NTPC, Bharti Infrastructure, Tata Power Company, Vedanta, India Cements and Shree Cement were among 19 stocks from the S&P BSE 500 index hitting their respective 52-week lows on the BSE.

CG Power & Industries, Cummins India, Inox Wind, JK Lakshmi Cement, Kirloskar Oil Engines, Mangalore Refinery Petrochemicals (MRPL), Manpasand Beverages, Motilal Oswal Financial Services and NHPC too hit their respective 52-week lows today.

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