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The benchmark The benchmark surged <a href="http://www.wionews.com/world/moodys-upgrades-indias-credit-rating-first-time-since-2004-24407">414 points in early trade as Moody&#39;s upgraded</a> India&#39;s credit ratings.

Nifty also rallied climbing to 10,339.15 in opening trade.&nbsp;

Moody&rsquo;s said the goods and services tax(GST) will &quot;promote productivity&quot;, also forecasting India&#39;s GDP growth to grow at of 6.7 per cent for the fiscal year ended March 2018, with 7.5 per cent in 2019 and &quot;similarly robust&quot; levels from 2019 onward.

The credit agency also raised India&rsquo;s long-term foreign-currency bond ceiling to Baa1 from Baa2, and the long-term foreign-currency bank deposit ceiling to Baa2 from Baa3.&nbsp; 
&nbsp;

Nifty also rallied climbing to 10,339.15 in opening trade.?

The benchmark The benchmark surged 414 points in early trade as Moody's upgraded India's credit ratings. Nifty also rallied climbing to 10,339.15 in opening trade. Moody’s said the goods and services tax(GST) will "promote productivity", also forecasting India's GDP growth to grow at of 6.7 per cent for the fiscal year ended March 2018, with 7.5 per cent in 2019 and "similarly robust" levels from 2019 onward. The credit agency also raised India’s long-term foreign-currency bond ceiling to Baa1 from Baa2, and the long-term foreign-currency bank deposit ceiling to Baa2 from Baa3.

Sensex surges over 400 points after Moody's India upgrade

Taking a significant step in the field of healthcare and technology, United States has given approval for a &quot;digital pill&quot;.

The pill, with an embedded sensor, will track patients timings in while taking medicines.

Before this&nbsp;Otsuka Pharmaceutical Co Ltd&#39;s established drug Abilify, equipped with sensors was given approval in 2012.&nbsp;

The new drug contains a tracking device developed by Proteus Digital Health.&nbsp;

Proteus was working on the pill for many years.&nbsp;The drug will help doctors in monitoring if their patients are taking their medicines on time.&nbsp;

The system sends a message from the pill&#39;s sensor to a wearable patch.

The message then transmits the information to a mobile application following which injestion&nbsp;of the medication is tracked on smartphones.&nbsp;

The sensor, which is about the size of a grain of salt, gets activated when it gets wet from stomach juices. It has a coating of copper and magnesium on either side which generates a tiny electric charge.&nbsp;

 
&nbsp;

&nbsp;

The system sends a message from the pill's sensor to a wearable patch. The message then transmits the information to a mobile application following which ingestion of medicines is tracked on smartphones

Taking a significant step in the field of healthcare and technology, United States has given approval for a "digital pill". The pill, with an embedded sensor, will track patients timings in while taking medicines. Before this Otsuka Pharmaceutical Co Ltd's established drug Abilify, equipped with sensors was given approval in 2012. The new drug contains a tracking device developed by Proteus Digital Health. Proteus was working on the pill for many years. The drug will help doctors in monitoring if their patients are taking their medicines on time. The system sends a message from the pill's sensor to a wearable patch. The message then transmits the information to a mobile application following which injestion of the medication is tracked on smartphones. The sensor, which is about the size of a grain of salt, gets activated when it gets wet from stomach juices. It has a coating of copper and magnesium on either side which generates a tiny electric charge.

US gives green signal to 'sensor' pill to track patient's medication

In the past few months, Google has been actively keeping a check on YouTube content.&nbsp;The video sharing website had removed several extremist videos from the site.

As part of its new policy, Google aims to keep a check on videos featuring people and groups that have been designated as &quot;terrorists&quot;&nbsp;by the US or British government.&nbsp;

The move comes&nbsp;after the company faced increasing pressure from governments.&nbsp;The new policy will restrict terrorist groups based on the government&#39;s list.

However, the policy will not affect news clips or educational videos about terrorism.&nbsp;

Citing that such content in the website radicalises viewers and results in deadly terror attacks, governments and human right groups have been forcing YouTube to crackdown on extremist videos for a long time.&nbsp;

Earlier the company had announced that &ldquo;inflammatory religious or supremacist content&rdquo; that does not violates its policies would be allowed with warning labels.

Such videos were restricted to any advertisement revenue.&nbsp;

Google General counsel Kent Walker had said in a blog post&nbsp;then calling for a &quot;right balance&quot;&nbsp;between &quot;free expression&quot;&nbsp;and &quot;access to information without promoting extremely offensive viewpoints.&quot;

&nbsp;

As part of its new policy, Google aims to keep a check on videos featuring people and groups that have been designated as terrorists by the US or British government

In the past few months, Google has been actively keeping a check on YouTube content. The video sharing website had removed several extremist videos from the site. As part of its new policy, Google aims to keep a check on videos featuring people and groups that have been designated as "terrorists" by the US or British government. The move comes after the company faced increasing pressure from governments. The new policy will restrict terrorist groups based on the government's list. However, the policy will not affect news clips or educational videos about terrorism. Citing that such content in the website radicalises viewers and results in deadly terror attacks, governments and human right groups have been forcing YouTube to crackdown on extremist videos for a long time. Earlier the company had announced that “inflammatory religious or supremacist content” that does not violates its policies would be allowed with warning labels. Such videos were restricted to any advertisement revenue. Google General counsel Kent Walker had said in a blog post then calling for a "right balance" between "free expression" and "access to information without promoting extremely offensive viewpoints."

Google's new policy to widen control on 'extremist' videos on YouTube

As Venezuela&#39;s<a href="http://www.wionews.com/world/us-hits-dictator-maduro-with-sanctions-over-disputed-venezuela-vote-18457"> debt crisis deepens, reports say state-owned&nbsp;oil firm PDVSA </a>has not made debt payments to India&#39;s Oil and Natural Gas Corporation(ONGC) for six months.

Venezuela is reeling<a href="http://www.wionews.com/world/trump-warns-venezuelas-maduro-of-economic-actions-over-bid-to-rewrite-constitution-18019"> under crippling US sanctions even though President Maduro</a> vowed on Monday to continue paying debts.&nbsp;

Nearly $300 million in late interest payments on three bonds - PDVSA 2027, Venezuela 2019 and Venezuela 2024 - was also due on Monday but the Venezuelan government gave no roadmap on its restructure and refinancing plans.

ONGC Videsh, the overseas investment arm of ONGC, confirmed to Reuters that PDVSA had fallen behind on the payments, but declined to give details on the delays.

&ldquo;They have got certain challenges at this stage,&rdquo; ONGC Videsh said in an emailed response to Reuters&rsquo; questions.&nbsp;

&ldquo;They have assured that they are working on it (payment of dues). In due course it will be settled and follow up steps will be undertaken,&rdquo; the official added.

&ldquo;We have a good working relationship with PDVSA,&rdquo; the ONGC official said.

Reuters quoted two sources to inform that PDVSA had made no payment since April on a $540 million dividends backlog to ONGC for an investment the Indian firm made in an energy project in Venezuela.&nbsp;

Last week Venezuela&#39;s PDVSA had made an overdue $1.1 billion principal payment, Bloomberg said even as President Maduro attracted international attention from creditors and domestic audience for his handling of the economic crisis.

Venezuela&#39;s Electricidad de Caracas - a state-owned electric company had defaulted on a $650 million bond payment, Wilmington Trust had said last Friday.

The OPEC member&rsquo;s economy has collapsed since global oil prices plummeted in 2014. Venezuela depends on oil for more than 90 per cent of export revenue.

President Nicolas Maduro confused investors this month with a vow to continue paying Venezuela's crippling debt, while also seeking to restructure and refinance it.

As Venezuela's debt crisis deepens, reports say state-owned oil firm PDVSA has not made debt payments to India's Oil and Natural Gas Corporation(ONGC) for six months. Venezuela is reeling under crippling US sanctions even though President Maduro vowed on Monday to continue paying debts. Nearly $300 million in late interest payments on three bonds - PDVSA 2027, Venezuela 2019 and Venezuela 2024 - was also due on Monday but the Venezuelan government gave no roadmap on its restructure and refinancing plans. ONGC Videsh, the overseas investment arm of ONGC, confirmed to Reuters that PDVSA had fallen behind on the payments, but declined to give details on the delays. “They have got certain challenges at this stage,” ONGC Videsh said in an emailed response to Reuters’ questions. “They have assured that they are working on it (payment of dues). In due course it will be settled and follow up steps will be undertaken,” the official added. “We have a good working relationship with PDVSA,” the ONGC official said. Reuters quoted two sources to inform that PDVSA had made no payment since April on a $540 million dividends backlog to ONGC for an investment the Indian firm made in an energy project in Venezuela. Last week Venezuela's PDVSA had made an overdue $1.1 billion principal payment, Bloomberg said even as President Maduro attracted international attention from creditors and domestic audience for his handling of the economic crisis. Venezuela's Electricidad de Caracas - a state-owned electric company had defaulted on a $650 million bond payment, Wilmington Trust had said last Friday. The OPEC member’s economy has collapsed since global oil prices plummeted in 2014. Venezuela depends on oil for more than 90 per cent of export revenue.

Venezuela's state-run oil firm PDVSA misses debt payment to ONGC

The benchmark BSE Sensex gained 103 points in early trade, extending gains for the third day on Monday as the government unveiled its new GST rates on Friday evening.

The NSE Nifty was up 11.25 points at 10,333 points.

On Friday, the GST Council had slashed the list of items in the top 28 per cent GST slab to 50 from 228 with the effect clearly seen in the markets on Monday.

As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to 18 per cent, while a uniform 5 per cent tax was prescribed for all restaurants, except five-star hotels.

&nbsp;M&amp;M, Axis Bank, Hindustan Unilever, TCS, SBI and NTPC, rose&nbsp;by up to 2.10 per cent in early trade.

However, Anil Ambani-controlled Reliance Communications Ltd&#39;s(RCom) shares slumped for the fourth day today after the company posted fourth straight quarterly loss.&nbsp;

RCom shares fell as much as 12.1 per cent in morning trade. 
&nbsp;

The NSE Nifty was up 11.25 points at 10,333 points.

The benchmark BSE Sensex gained 103 points in early trade, extending gains for the third day on Monday as the government unveiled its new GST rates on Friday evening. The NSE Nifty was up 11.25 points at 10,333 points. On Friday, the GST Council had slashed the list of items in the top 28 per cent GST slab to 50 from 228 with the effect clearly seen in the markets on Monday. As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to 18 per cent, while a uniform 5 per cent tax was prescribed for all restaurants, except five-star hotels. M&M, Axis Bank, Hindustan Unilever, TCS, SBI and NTPC, rose by up to 2.10 per cent in early trade. However, Anil Ambani-controlled Reliance Communications Ltd's(RCom) shares slumped for the fourth day today after the company posted fourth straight quarterly loss. RCom shares fell as much as 12.1 per cent in morning trade.

Sensex rises 103 points, RCom slumps

Global transportation technology<a href="http://www.wionews.com/world/uber-loses-uk-appeal-bid-to-overturn-workers-rights-decision-23925"> company, Uber, confirmed a deal on Sunday</a> in which the Japanese company conglomerate Softbank will buy a stake in it.

&quot;We&#39;ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment,&quot; Uber said in a statement.

The deal is said to be worth $10 billion, Bloomberg stated.&nbsp;The move will require changes to Uber&#39;s governance.&nbsp;

&quot;We believe this agreement is a strong vote of confidence in Uber&#39;s long-term potential,&quot; the company added.

The ride-hailing giant earlier voted to overhaul its corporate governance and create incentives for the company to have an initial public offering(IPO) in 2019.&nbsp;

&quot;Upon closing, it will help fuel our investments in technology and our continued expansion at home and abroad, while strengthening our corporate governance.&quot;

Softbank led by Masayoshi Son wanted to invest in the US-based ride-sharing app for around $1billion for a 14% stake for sometime.

SoftBank had said in May it had agreed to invest $5 billion in China&#39;s ride-hailing firm Didi Chuxing, valuing Didi at more than $50 billion.

The global transportation technology company, Uber, has confirmed a deal on Sunday in which the Japanese company conglomerate Softbank will buy a stake in it

Global transportation technology company, Uber, confirmed a deal on Sunday in which the Japanese company conglomerate Softbank will buy a stake in it. "We've entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment," Uber said in a statement. The deal is said to be worth $10 billion, Bloomberg stated. The move will require changes to Uber's governance. "We believe this agreement is a strong vote of confidence in Uber's long-term potential," the company added. The ride-hailing giant earlier voted to overhaul its corporate governance and create incentives for the company to have an initial public offering(IPO) in 2019. "Upon closing, it will help fuel our investments in technology and our continued expansion at home and abroad, while strengthening our corporate governance." Softbank led by Masayoshi Son wanted to invest in the US-based ride-sharing app for around $1billion for a 14% stake for sometime. SoftBank had said in May it had agreed to invest $5 billion in China's ride-hailing firm Didi Chuxing, valuing Didi at more than $50 billion.

Softbank to acquire stake in Uber, invest $10 billion

With the GST Council meeting underway, <a href="http://www.wionews.com/india-news/gst-on-over-200-daily-use-items-expected-to-fall-sushil-modi-23850">Bihar deputy chief minister Sushil Kumar that at least 227 items</a> were there in 28% GST slab, now only 50 remain, which are mostly luxury items, rest have been put in the 18% bracket.

Himanta Biswa Sarma, <a href="http://www.wionews.com/india-news/does-congress-want-to-make-bmws-mercedes-cheaper-jaitley-22889">Assam finance minister added that GST meeting</a> will be &quot;path-breaking with many crucial decisions in favour of traders, manufacturers and consumers.&quot;

The GST council meeting being held today is set to take crucial decisions including extending sops to small traders and businesses.

Earlier, finance minister Arun Jaitley had defended the multiple slabs under the Goods and Services Tax.&nbsp;

The GST -- which was meant to replace India&#39;s myriad indirect taxes with one single tax -- has come under severe criticism.

Jaitley said that bringing everything under 18% GST would help those buying luxury items.&nbsp;

The GST council meeting being held today is set to take crucial decisions including extending sops to small traders and businesses.

With the GST Council meeting underway, Bihar deputy chief minister Sushil Kumar that at least 227 items were there in 28% GST slab, now only 50 remain, which are mostly luxury items, rest have been put in the 18% bracket. Himanta Biswa Sarma, Assam finance minister added that GST meeting will be "path-breaking with many crucial decisions in favour of traders, manufacturers and consumers." The GST council meeting being held today is set to take crucial decisions including extending sops to small traders and businesses. Earlier, finance minister Arun Jaitley had defended the multiple slabs under the Goods and Services Tax. The GST -- which was meant to replace India's myriad indirect taxes with one single tax -- has come under severe criticism. Jaitley said that bringing everything under 18% GST would help those buying luxury items.

227 items were in 28% GST slab, now only 50 remain: Bihar deputy chief Sushil Kumar

OnePlus is soon going to release a new model under its flagship.

The Chinese smartphone manufacturer is all set to launch OnePlus 5T.

<div class="ui-state-default" contenteditable="false">
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Get ready for <a href="https://twitter.com/hashtag/ANewView?src=hash&amp;ref_src=twsrc%5Etfw">#ANewView</a>. Meet the <a href="https://twitter.com/hashtag/OnePlus5T?src=hash&amp;ref_src=twsrc%5Etfw">#OnePlus5T</a> on November 16. <a href="https://t.co/AuAAsRIg2i">https://t.co/AuAAsRIg2i</a> <a href="https://t.co/RHsZuCT7Oe">pic.twitter.com/RHsZuCT7Oe</a>
&mdash; OnePlus (@oneplus) <a href="https://twitter.com/oneplus/status/927581366732046338?ref_src=twsrc%5Etfw">November 6, 2017</a></blockquote>
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The smartphone will be&nbsp;launched on 16 November.

The launch event is set in Brooklyn New York.&nbsp;

For the first time ever, OnePlus will have a live telecast of the launch&nbsp;in India.

PVR Theatres in five cities- Delhi, Mumbai, Hyderabad, Banglore, and Pune will telecast the live event.

The launch event can be attended after booking tickets from Bookmyshow at Rs 99. The bookings have started from 8 November.

The new model will be available on Amazon.in and oneplusstore.in from 21 November.

The phone will thereafter be available at every store and online channel.&nbsp;

&nbsp;

PVR Theatres in five cities- Delhi, Mumbai, Hyderabad, Banglore, and Pune will telecast the live event of the launch of OnePlus 5T scheduled to be held in New York

OnePlus is soon going to release a new model under its flagship. The Chinese smartphone manufacturer is all set to launch OnePlus 5T. Get ready for #ANewView. Meet the #OnePlus5T on November 16. https://t.co/AuAAsRIg2i pic.twitter.com/RHsZuCT7Oe — OnePlus (@oneplus) November 6, 2017 × The smartphone will be launched on 16 November. The launch event is set in Brooklyn New York. For the first time ever, OnePlus will have a live telecast of the launch in India. PVR Theatres in five cities- Delhi, Mumbai, Hyderabad, Banglore, and Pune will telecast the live event. The launch event can be attended after booking tickets from Bookmyshow at Rs 99. The bookings have started from 8 November. The new model will be available on Amazon.in and oneplusstore.in from 21 November. The phone will thereafter be available at every store and online channel.

OnePlus 5T: OnePlus to launch new model under its flagship

Shares of Mahindra Logistics Ltd&nbsp;fell as much as 2.1 per cent on its market debut on Friday after the company raised 8.3 billion rupees ($128 million) via an initial public offering last week.

The issue was, however, subscribed nearly eight times on the last day of the sale.

By 0433 GMT, shares in the company were trading at 425.55 rupees on the National Stock Exchange, down 0.80 per cent versus its issue price of 429 rupees.

The company raised 8.3 billion rupees ($128 million) via an initial public offering last week

Shares of Mahindra Logistics Ltd fell as much as 2.1 per cent on its market debut on Friday after the company raised 8.3 billion rupees ($128 million) via an initial public offering last week. The issue was, however, subscribed nearly eight times on the last day of the sale. By 0433 GMT, shares in the company were trading at 425.55 rupees on the National Stock Exchange, down 0.80 per cent versus its issue price of 429 rupees.

Mahindra Logistics shares fall 2.1% on market debut

Reports are emerging that image sharing platform Instagram is down.

People from India as well as across the globe are tweeting about not being able to login and their Instagram feeds not refreshing.

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No feed. Logged out and now can&#39;t login. Both web version and the app is down.
&mdash; Amrut Atre (@AmrutAtre) <a href="https://twitter.com/AmrutAtre/status/928867789825220608?ref_src=twsrc%5Etfw">November 10, 2017</a></blockquote>
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<a href="https://twitter.com/hashtag/instacrisis?src=hash&amp;ref_src=twsrc%5Etfw">#instacrisis</a> cant login, <a href="https://twitter.com/hashtag/instagram?src=hash&amp;ref_src=twsrc%5Etfw">#instagram</a> is down!
&mdash; Smitesh Mane (@smiteshmane) <a href="https://twitter.com/smiteshmane/status/928866844236120065?ref_src=twsrc%5Etfw">November 10, 2017</a></blockquote>
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Went down the Instagram rabbit hole and realized it&rsquo;s already been an hour ?? got damn I&rsquo;m bored
&mdash; adrianna (@_thadrizzle) <a href="https://twitter.com/_thadrizzle/status/928866916671807488?ref_src=twsrc%5Etfw">November 10, 2017</a></blockquote>
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Thanks Twitter!! Because of you, I come to know if an app is down. <a href="https://twitter.com/hashtag/instagramdown?src=hash&amp;ref_src=twsrc%5Etfw">#instagramdown</a>
&mdash; Arpit Jain (@arpitjain192) <a href="https://twitter.com/arpitjain192/status/928866028599128064?ref_src=twsrc%5Etfw">November 10, 2017</a></blockquote>
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Some users even say that Instagram has been down since last night.

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So <a href="https://twitter.com/instagram?ref_src=twsrc%5Etfw">@instagram</a> has been down since last night. <a href="https://twitter.com/hashtag/instagramdown?src=hash&amp;ref_src=twsrc%5Etfw">#instagramdown</a>
&mdash; Mihir Misra (@MihirMisra_) <a href="https://twitter.com/MihirMisra_/status/928867533184217089?ref_src=twsrc%5Etfw">November 10, 2017</a></blockquote>
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No official statement has been issued from the Facebook-owned company. The photo-sharing platform has more than 800 million users.

People from across the globe are tweeting about not being able to login and their Instagram feeds not refreshing.

Reports are emerging that image sharing platform Instagram is down. People from India as well as across the globe are tweeting about not being able to login and their Instagram feeds not refreshing. No feed. Logged out and now can't login. Both web version and the app is down. — Amrut Atre (@AmrutAtre) November 10, 2017 × #instacrisis cant login, #instagram is down! — Smitesh Mane (@smiteshmane) November 10, 2017 × Went down the Instagram rabbit hole and realized it’s already been an hour ?? got damn I’m bored — adrianna (@_thadrizzle) November 10, 2017 × Thanks Twitter!! Because of you, I come to know if an app is down. #instagramdown — Arpit Jain (@arpitjain192) November 10, 2017 × Some users even say that Instagram has been down since last night. So @instagram has been down since last night. #instagramdown — Mihir Misra (@MihirMisra_) November 10, 2017 × No official statement has been issued from the Facebook-owned company. The photo-sharing platform has more than 800 million users.

Instagram is down globally, outrage on Twitter

Micro-blogging website Twitter has &#39;paused&#39; verification of a handle - a blue tick next to a user&rsquo;s name - citing confusion over the system.

In a tweet posted on Wednesday, Twitter Support said, &quot;Verification was meant to authenticate identity &amp; voice but it is interpreted as an endorsement or an indicator of importance. We recognize that we have created this confusion and need to resolve it. We have paused all general verifications while we work and will report back soon.&rdquo;

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Verification was meant to authenticate identity &amp; voice but it is interpreted as an endorsement or an indicator of importance. We recognize that we have created this confusion and need to resolve it. We have paused all general verifications while we work and will report back soon
&mdash; Twitter Support (@TwitterSupport) <a href="https://twitter.com/TwitterSupport/status/928654369771356162?ref_src=twsrc%5Etfw">November 9, 2017</a></blockquote>
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&nbsp;

Twitter Support used the <a href="http://www.wionews.com/business-economy/twitterati-welcomes-280-characters-in-twitter-23736">280-character-limit feature</a> launched by the company two days ago.

&quot;We should&rsquo;ve communicated faster on this (yesterday): our agents have been following our verification policy correctly, but we realized some time ago the system is broken and needs to be reconsidered. And we failed by not doing anything about it. Working now to fix faster,&rdquo; CEO Jack Dorsey tweeted on Thursday.

The decision is believed to be a result of criticism the company faced for verifying the handle of Jason Kessler, a far right activist who organised a white nationalist rally in Charlottesville, USA, in August.

Twitter&rsquo;s policies say it verifies a user&#39;s account who indicate it&rsquo;s in public interest by submitting an online form which contains their email ID, phone number, a website link and a biography.

The blue tick next to a user&rsquo;s name gives him/her authenticity.

The decision is believed to be a result of criticism the company faced for verifying the handle of Jason Kessler, a far right activist who organised a white nationalist rally in Charlottesville, USA, in August.

Micro-blogging website Twitter has 'paused' verification of a handle - a blue tick next to a user’s name - citing confusion over the system. In a tweet posted on Wednesday, Twitter Support said, "Verification was meant to authenticate identity & voice but it is interpreted as an endorsement or an indicator of importance. We recognize that we have created this confusion and need to resolve it. We have paused all general verifications while we work and will report back soon.” Verification was meant to authenticate identity & voice but it is interpreted as an endorsement or an indicator of importance. We recognize that we have created this confusion and need to resolve it. We have paused all general verifications while we work and will report back soon — Twitter Support (@TwitterSupport) November 9, 2017 × Twitter Support used the 280-character-limit feature launched by the company two days ago. "We should’ve communicated faster on this (yesterday): our agents have been following our verification policy correctly, but we realized some time ago the system is broken and needs to be reconsidered. And we failed by not doing anything about it. Working now to fix faster,” CEO Jack Dorsey tweeted on Thursday. The decision is believed to be a result of criticism the company faced for verifying the handle of Jason Kessler, a far right activist who organised a white nationalist rally in Charlottesville, USA, in August. Twitter’s policies say it verifies a user's account who indicate it’s in public interest by submitting an online form which contains their email ID, phone number, a website link and a biography. The blue tick next to a user’s name gives him/her authenticity.

Twitter pauses blue check mark verification after controversy

On November 10,&nbsp;2001, Apple had a breakthrough with the introduction of its first ever iPod.

Apple introduced the iPod Classic first-generation iPod (M8541) on&nbsp;October 23, 2001&nbsp;which went on sale on&nbsp;November 10, 2001.

16 years ago, today, the iPod Classic - an MP3 player which packed up to 5GB of music storage, into a mini 6.5 ounce portable device - first came in the market, with the slogan &quot;1,000 songs in your pocket&quot;.&nbsp;&nbsp;

Apple co-founder, late Steve Jobs, had said in a statement before its launch that &ldquo;with iPod, listening to music will never be the same again&rdquo;.&nbsp;

Famously identified by its scroll wheel surrounded by four buttons, the iPod Classic was, although, not the first ever MP3 device in the market but it was claimed to be the most successful one so far due to its sleek features and easy user interface.&nbsp;&nbsp;

Between the iPod&rsquo;s November 10 release date and December 31, Apple sold about 1,25,000 iPods.&nbsp;

In 2003, Apple launched its first ever fully touch 3rd generation iPod with a Dock Connector port which could be used with a USB as well as FireWire, marking total sales of a million iPods with this launch.&nbsp;

The early success of the iPod, and its products after, were main reasons in the company&#39;s explosive growth.

On November 10, 2001, Apple had a breakthrough with the introduction of its first ever iPod.

On November 10, 2001, Apple had a breakthrough with the introduction of its first ever iPod. Apple introduced the iPod Classic first-generation iPod (M8541) on October 23, 2001 which went on sale on November 10, 2001. 16 years ago, today, the iPod Classic - an MP3 player which packed up to 5GB of music storage, into a mini 6.5 ounce portable device - first came in the market, with the slogan "1,000 songs in your pocket". Apple co-founder, late Steve Jobs, had said in a statement before its launch that “with iPod, listening to music will never be the same again”. Famously identified by its scroll wheel surrounded by four buttons, the iPod Classic was, although, not the first ever MP3 device in the market but it was claimed to be the most successful one so far due to its sleek features and easy user interface. Between the iPod’s November 10 release date and December 31, Apple sold about 1,25,000 iPods. In 2003, Apple launched its first ever fully touch 3rd generation iPod with a Dock Connector port which could be used with a USB as well as FireWire, marking total sales of a million iPods with this launch. The early success of the iPod, and its products after, were main reasons in the company's explosive growth.

16 years ago today, first iPod went on sale

Finance <a href="http://www.wionews.com/india-news/wont-permit-bjp-to-impose-gabbar-singh-tax-says-rahul-gandhi-23939">Minister Arun Jaitley today announced a revised GST tax structure</a>.

The finance minister said he had reviewed taxes on items in the 28% bracket during the GST Council meeting which concluded on Friday.

New measures:

<ul>
	<li>Taxes on 178 items slashed from 28% to 18%.&nbsp;&nbsp;</li>
</ul>

&nbsp;

<ul>
	<li>Only 50 items in 28% tax bracket.</li>
</ul>

&nbsp;

<ul>
	<li>5% tax at restaurants except for 5-star hotels.</li>
</ul>

&nbsp;

<ul>
	<li>New tax slabs to be applicable from November 15.</li>
</ul>

&nbsp;

<ul>
	<li>Eating out is set to become cheaper.</li>
</ul>

&nbsp;

The GST Council pruned the list of items in the top 28 per cent GST&nbsp;slab to just 50 from current 228. Only luxury goods are in the highest tax bracket and items of daily use have been&nbsp;shifted to the 18 per cent&nbsp;category.

As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to 18 per cent, while a uniform 5 per cent tax was prescribed for all restaurants, both air-conditioned and non-AC, finance Minister Arun Jaitley said after the GST Council meeting.

The Federation of Hotel and Restaurant Associations of India (FHRAI) said GST Council&#39;s decision to cut tax rate for restaurants to 5 per cent without input tax credit will help restaurants across India rationalise tariffs.

&quot;We are extremely thankful to the government for making these much-required changes in the GST regime. This will help restaurants across India rationalise tariffs,&quot; FHRAI President Garish Oberoi said in a statement.

Deloitte India said in a statement that a uniform tax rate of 12 per cent doing away with tax rate distinction between AC and non-AC restaurants is welcome, but the critical issue of input tax credit eligibility cannot be ignored.

Traders and small businesses complained that GST had increased their administrative and financial burden.

Finance Minister Arun Jaitley today announced a revised GST tax structure. The finance minister said he had reviewed taxes on items in the 28% bracket during the GST Council meeting which concluded on Friday. New measures: Taxes on 178 items slashed from 28% to 18%. Only 50 items in 28% tax bracket. 5% tax at restaurants except for 5-star hotels. New tax slabs to be applicable from November 15. Eating out is set to become cheaper. The GST Council pruned the list of items in the top 28 per cent GST slab to just 50 from current 228. Only luxury goods are in the highest tax bracket and items of daily use have been shifted to the 18 per cent category. As many as 178 items of daily use were shifted from the top tax bracket of 28 per cent to 18 per cent, while a uniform 5 per cent tax was prescribed for all restaurants, both air-conditioned and non-AC, finance Minister Arun Jaitley said after the GST Council meeting. The Federation of Hotel and Restaurant Associations of India (FHRAI) said GST Council's decision to cut tax rate for restaurants to 5 per cent without input tax credit will help restaurants across India rationalise tariffs. "We are extremely thankful to the government for making these much-required changes in the GST regime. This will help restaurants across India rationalise tariffs," FHRAI President Garish Oberoi said in a statement. Deloitte India said in a statement that a uniform tax rate of 12 per cent doing away with tax rate distinction between AC and non-AC restaurants is welcome, but the critical issue of input tax credit eligibility cannot be ignored.

GST: Taxes on 178 items slashed, says Jaitley

The United Nations is set to open its first official talks on the use of autonomous weapons, but a treaty governing so-called killer robots remains far off, the ambassador leading the discussions said Friday.&nbsp;

Activists and tech leaders including Tesla&#39;s Elon Musk have called on the UN to ban fully-automated weapons systems that could revolutionize warfare while putting civilians at heightened risk.&nbsp;

The Conference on Disarmament will on Monday open five days of talks on the weaponry, but those calling for a ban will not be satisfied, said Indian ambassador Amandeep Gill, who is chairing the meeting.&nbsp;

&quot;It would be very easy to just legislate a ban but I think... rushing ahead in a very complex subject is not wise,&quot; he told reporters.&nbsp;

&quot;We are just at the starting line.&quot;

He said the discussion, which will also include civil society and technology companies, will be partly focused on understanding the types of weapons in the pipeline.&nbsp;

Proponents of a ban, including the Campaign to Stop Killer Robots pressure group, insist that human beings must ultimately be responsible for the final decision to kill or destroy.&nbsp;

They argue that any weapons system that delegates the decision on an individual strike to an algorithm is by definition illegal because computers cannot be held accountable under the international humanitarian law.

Gill said there was agreement among nations that &quot;human beings have to remain responsible for decisions that involve life and death&quot;.&nbsp;

But, he said, there are varying opinions on the mechanics through which &quot;human control&quot; must govern deadly weapons.&nbsp;

The International Committee of the Red Cross, which is mandated to safeguard the laws of conflict, has also not called for a ban but has underscored the need to place limits on autonomous weapons.&nbsp;&nbsp;

&quot;Our bottom line is that machines can&#39;t apply the law and you can&#39;t transfer responsibility for legal decisions to machines&quot;, Neil Davison of the ICRC&#39;s arms unit told AFP.&nbsp;

He highlighted the problematic nature of weapons systems, where there are major variables in terms of the timing or location of an attack -- for example something that is deployed for multiple hours and programmed to strike whenever it detects an enemy target.&nbsp;

&quot;Where you have a degree of unpredictability or uncertainty in what&#39;s going to happen when you activate this weapons system then you are going to start to have problems for legal compliance&quot;, he said.&nbsp;

Computers cannot be held accountable under the international humanitarian law

The United Nations is set to open its first official talks on the use of autonomous weapons, but a treaty governing so-called killer robots remains far off, the ambassador leading the discussions said Friday. Activists and tech leaders including Tesla's Elon Musk have called on the UN to ban fully-automated weapons systems that could revolutionize warfare while putting civilians at heightened risk. The Conference on Disarmament will on Monday open five days of talks on the weaponry, but those calling for a ban will not be satisfied, said Indian ambassador Amandeep Gill, who is chairing the meeting. "It would be very easy to just legislate a ban but I think... rushing ahead in a very complex subject is not wise," he told reporters. "We are just at the starting line." He said the discussion, which will also include civil society and technology companies, will be partly focused on understanding the types of weapons in the pipeline. Proponents of a ban, including the Campaign to Stop Killer Robots pressure group, insist that human beings must ultimately be responsible for the final decision to kill or destroy. They argue that any weapons system that delegates the decision on an individual strike to an algorithm is by definition illegal because computers cannot be held accountable under the international humanitarian law. Gill said there was agreement among nations that "human beings have to remain responsible for decisions that involve life and death". But, he said, there are varying opinions on the mechanics through which "human control" must govern deadly weapons. The International Committee of the Red Cross, which is mandated to safeguard the laws of conflict, has also not called for a ban but has underscored the need to place limits on autonomous weapons. "Our bottom line is that machines can't apply the law and you can't transfer responsibility for legal decisions to machines", Neil Davison of the ICRC's arms unit told AFP. He highlighted the problematic nature of weapons systems, where there are major variables in terms of the timing or location of an attack -- for example something that is deployed for multiple hours and programmed to strike whenever it detects an enemy target. "Where you have a degree of unpredictability or uncertainty in what's going to happen when you activate this weapons system then you are going to start to have problems for legal compliance", he said.

United Nation is all set to hold it's official talk on the use of Killer Robot

Prime Minister Narendra Modi today met DMK supremo M Karunanidhi at the latter&#39;s Gopalapuram residence here.

The meeting between the two leaders lasted about 20 minutes. Modi sat next to Karunanidhi and held his hands.

Earlier, DMK Working President and Karunanidhi&#39;s son, M K Stalin, welcomed the Prime Minister at the gate and honoured him with a red shawl.

Modi was accompanied by Governor Banwarilal Purohit, Defence Minister Nirmala Sitharaman, Minister of State for Shipping Pon Radhakrishnan and state BJP chief Tamilisai Soundararajan.

DMK leaders including Kanimozhi, who is the daughter of Karunanidhi, were also present.

Later, the wheelchair-bound Karunanidhi made a brief appearance outside and waved at his supporters who cheered him.

Karunanidhi, who was taken ill in October 2016 due to a drug-induced allergy, was twice admitted to a private hospital in December last.

Karunanidhi has been since confined to his house, but made one rare appearance on October 19 this year when he visited an exhibition here held to showcase the 75-year journey of DMK&#39;s mouthpiece, &#39;Murasoli&#39;.

Congress vice-president Rahul Gandhi had called on the nonagenarian DMK patriarch at his residence in December, 2016.

The interior of the car is designed with a large 8-inch floating touchscreen in the top spec trim with Ford's latest SYNC 3 infotainment system

Prime Minister Narendra Modi today met DMK supremo M Karunanidhi at the latter's Gopalapuram residence here. The meeting between the two leaders lasted about 20 minutes. Modi sat next to Karunanidhi and held his hands. Earlier, DMK Working President and Karunanidhi's son, M K Stalin, welcomed the Prime Minister at the gate and honoured him with a red shawl. Modi was accompanied by Governor Banwarilal Purohit, Defence Minister Nirmala Sitharaman, Minister of State for Shipping Pon Radhakrishnan and state BJP chief Tamilisai Soundararajan. DMK leaders including Kanimozhi, who is the daughter of Karunanidhi, were also present. Later, the wheelchair-bound Karunanidhi made a brief appearance outside and waved at his supporters who cheered him. Karunanidhi, who was taken ill in October 2016 due to a drug-induced allergy, was twice admitted to a private hospital in December last. Karunanidhi has been since confined to his house, but made one rare appearance on October 19 this year when he visited an exhibition here held to showcase the 75-year journey of DMK's mouthpiece, 'Murasoli'. Congress vice-president Rahul Gandhi had called on the nonagenarian DMK patriarch at his residence in December, 2016.

Ford launches EcoSport at Rs 7.31 lakhs in India

&nbsp;A Qatari investor sold its entire 5 percent stake in top Indian telecoms carrier Bharti Airtel on Wednesday for 96 billion rupees ($1.48 billion), adding to the sanctions-hit Gulf nation&rsquo;s recent stake sales in foreign companies.

An affiliate of the Qatar Foundation Endowment (QFE) sold about 199.9 million shares in the phone carrier at 481 rupees each via a block trade, it said in a statement.

The sale price was a 6.4 percent discount to Bharti Airtel&rsquo;s Tuesday closing price, but will still give the Qatari investor a significant return over its 68 billion-rupee investment in the Indian company in May 2013.

QFE will reinvest the proceeds from Bharti Airtel stake sale as part of the growth of its global portfolio and diversification, it said in the statement.

Rashed Fahad Al-Noaimi, chief executive of investments at Qatar Foundation will step down from Bharti Airtel&rsquo;s board after the settlement of the sale.

The sale comes at a time when other Qatari firms, including its sovereign wealth fund, are cutting stakes in foreign companies to raise cash and withstand pressure on the economy, which has been hit by sanctions imposed by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt since early June.

The Gulf countries cut diplomatic and transport ties with Doha on June 5, accusing it of backing terrorism, a charge which Doha denies.

Qatar&rsquo;s sovereign wealth fund, the Qatar Investment Authority, has responded to the crisis by pumping billions of dollars into local banks to shore up their deposits.

It has also reduced its stake in upscale jeweller Tiffany &amp; Co, Russian energy giant Rosneft and Swiss bank Credit Suisse.

Bharti Airtel shares closed 3.7 percent down at 495.30 rupees. Still, the stock is up 62 percent in 2017 on signs of an end to a bruising price war in the Indian telecoms space and hopes that industry consolidation would benefit established players.

JPMorgan on Wednesday upgraded the stock to &ldquo;neutral&rdquo; from &ldquo;underweight&rdquo;, saying the fundamentals for large players in were &ldquo;falling in place sooner than expected&rdquo;.

?A Qatari investor sold its entire 5 percent stake in top Indian telecoms carrier Bharti Airtel on Wednesday for 96 billion rupees ($1.48 billion), adding to the sanctions-hit Gulf nation?s recent stake sales in foreign companies.

A Qatari investor sold its entire 5 percent stake in top Indian telecoms carrier Bharti Airtel on Wednesday for 96 billion rupees ($1.48 billion), adding to the sanctions-hit Gulf nation’s recent stake sales in foreign companies. An affiliate of the Qatar Foundation Endowment (QFE) sold about 199.9 million shares in the phone carrier at 481 rupees each via a block trade, it said in a statement. The sale price was a 6.4 percent discount to Bharti Airtel’s Tuesday closing price, but will still give the Qatari investor a significant return over its 68 billion-rupee investment in the Indian company in May 2013. QFE will reinvest the proceeds from Bharti Airtel stake sale as part of the growth of its global portfolio and diversification, it said in the statement. Rashed Fahad Al-Noaimi, chief executive of investments at Qatar Foundation will step down from Bharti Airtel’s board after the settlement of the sale. The sale comes at a time when other Qatari firms, including its sovereign wealth fund, are cutting stakes in foreign companies to raise cash and withstand pressure on the economy, which has been hit by sanctions imposed by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt since early June. The Gulf countries cut diplomatic and transport ties with Doha on June 5, accusing it of backing terrorism, a charge which Doha denies. Qatar’s sovereign wealth fund, the Qatar Investment Authority, has responded to the crisis by pumping billions of dollars into local banks to shore up their deposits. It has also reduced its stake in upscale jeweller Tiffany & Co, Russian energy giant Rosneft and Swiss bank Credit Suisse. Bharti Airtel shares closed 3.7 percent down at 495.30 rupees. Still, the stock is up 62 percent in 2017 on signs of an end to a bruising price war in the Indian telecoms space and hopes that industry consolidation would benefit established players. JPMorgan on Wednesday upgraded the stock to “neutral” from “underweight”, saying the fundamentals for large players in were “falling in place sooner than expected”.

Qatari investor sells $1.5 billion stake in Bharti Airtel

More than 3.5 lakh homes were unsold in Mumbai metropolitan region out of the total 6.7 lakh under-construction flats registered with the state real estate regulator till August, according to Cushman &amp; Wakefield and Propstack.

Global property consultant Cushman &amp; Wakefield and real estate data analytics firm Propstack have analyzed Mumbai Metropolitan Area (MMR) projects registered with Maharashtra Real Estate Regulatory Authority (MahaRERA) till August.

According to the report, as many as 6,70,339 units were registered under MahaRERA, of which 52 per cent (3,50,713 units) were unsold and 48 per cent (3,19,626 units) were sold.

The maximum inventories are in 1 and 2 BHK configurations totaling 5,87,500 units. In sales, configurations of one and two bedrooms were the most sold and contributed over 85 per cent of total sales. 
&quot;With over 50 per cent of the current residential inventory remaining unsold, the prices of projects have been largely stable even as the momentum in launches of new projects has been slow in MMR region,&quot; the report said.

The buyers prefer smaller flats due to high real estate prices in MMR region.

Even while the capital values of affordable homes across most micro markets have not seen any drastic changes, the report said that rates are higher by 10-15 per cent when compared to other cities like Bengaluru, Delhi NCR and Pune for comparable projects and locations.

&quot;Maharashtra&#39;s early adoption of Real Estate Regulatory Act (RERA) will ensure that more projects get the requisite funding for completion of projects from domestic and international funds,&quot; said Gautam Saraf, MD (Mumbai), C&amp;W.

He expected that the end-user purchase activities would start picking up in the next few months as RERA gives buyers a safety net for their investment.

&quot;Thus, with improving sales momentum and better project management processes in place, we expect investors to show greater confidence towards the sector and increase their fund allocation to residential real estate,&quot; Saraf said.

According to the report, 43 per cent of all registered projects are expected to be completed on schedule, delays beyond three years are less than 15 per cent.

&quot;Traditionally, delays in projects from their committed timelines had become commonplace and buyers faced huge uncertainty on final delivery. However, with the MahaRERA norms coming in, a developer is now liable to make on-time delivery with a maximum provision of only 12 months delays,&quot; the report said.

PropStack India Director Sandeep Reddy said the market, including end-users, will have better access to information on developers and projects as more and more projects register for MahaRERA.

The data would help create better, sharper analysis of demand as well as design future supply to help avoid demand ? supply mismatches, he added.

"With over 50 per cent of the current residential inventory remaining unsold, the prices of projects have been largely stable even as the momentum in launches of new projects has been slow in MMR region," the report said.

More than 3.5 lakh homes were unsold in Mumbai metropolitan region out of the total 6.7 lakh under-construction flats registered with the state real estate regulator till August, according to Cushman & Wakefield and Propstack. Global property consultant Cushman & Wakefield and real estate data analytics firm Propstack have analyzed Mumbai Metropolitan Area (MMR) projects registered with Maharashtra Real Estate Regulatory Authority (MahaRERA) till August. According to the report, as many as 6,70,339 units were registered under MahaRERA, of which 52 per cent (3,50,713 units) were unsold and 48 per cent (3,19,626 units) were sold. The maximum inventories are in 1 and 2 BHK configurations totaling 5,87,500 units. In sales, configurations of one and two bedrooms were the most sold and contributed over 85 per cent of total sales. "With over 50 per cent of the current residential inventory remaining unsold, the prices of projects have been largely stable even as the momentum in launches of new projects has been slow in MMR region," the report said. The buyers prefer smaller flats due to high real estate prices in MMR region. Even while the capital values of affordable homes across most micro markets have not seen any drastic changes, the report said that rates are higher by 10-15 per cent when compared to other cities like Bengaluru, Delhi NCR and Pune for comparable projects and locations. "Maharashtra's early adoption of Real Estate Regulatory Act (RERA) will ensure that more projects get the requisite funding for completion of projects from domestic and international funds," said Gautam Saraf, MD (Mumbai), C&W. He expected that the end-user purchase activities would start picking up in the next few months as RERA gives buyers a safety net for their investment. "Thus, with improving sales momentum and better project management processes in place, we expect investors to show greater confidence towards the sector and increase their fund allocation to residential real estate," Saraf said. According to the report, 43 per cent of all registered projects are expected to be completed on schedule, delays beyond three years are less than 15 per cent. "Traditionally, delays in projects from their committed timelines had become commonplace and buyers faced huge uncertainty on final delivery. However, with the MahaRERA norms coming in, a developer is now liable to make on-time delivery with a maximum provision of only 12 months delays," the report said. PropStack India Director Sandeep Reddy said the market, including end-users, will have better access to information on developers and projects as more and more projects register for MahaRERA. The data would help create better, sharper analysis of demand as well as design future supply to help avoid demand ? supply mismatches, he added.

3.5 lakh flats unsold in Mumbai metropolitan region: Report

The rupee advanced by 11 paise to 64.85 against the dollar at the interbank forex market today on increased selling of the US currency by exporters and banks. 
 
A weak dollar against other currencies overseas supported the rupee&#39;s gains. 
 
Stocks markets opening with gains also bolstered the domestic currency, a dealer said. 
 
Yesterday, the rupee had staged a mild recovery after a two-session fall and ended higher by 7 paise at 64.96 against the US currency. 
 
The benchmark BSE Sensex rebounded by 244.99 points, or 0.73 percent, to 33,463.80 in opening trade.

A weak dollar against other currencies overseas supported the rupee's gains

The rupee advanced by 11 paise to 64.85 against the dollar at the interbank forex market today on increased selling of the US currency by exporters and banks. A weak dollar against other currencies overseas supported the rupee's gains. Stocks markets opening with gains also bolstered the domestic currency, a dealer said. Yesterday, the rupee had staged a mild recovery after a two-session fall and ended higher by 7 paise at 64.96 against the US currency. The benchmark BSE Sensex rebounded by 244.99 points, or 0.73 percent, to 33,463.80 in opening trade.

Rupee extends gains, up 11 paise in early trade

The BSE Sensex recovered about 245 points in opening trade today, breaking its two-session losing streak on value-buying by investors and optimism ahead of GST Council meeting.

Buying by domestic institutional institutions (DIIs) and a firm trend on other Asian bourses, tracking overnight gains in the US markets, influenced trading sentiment.

Expectations that the GST (goods and services tax) Council might give some relief to some sectors by slashing the indirect tax rates at its meeting which begins today also supported the rebound, brokers said.

The 30-share barometer, which had lost 512.38 points in the previous two straight sessions, was trading higher by 244.99 points, or 0.73 per cent, to 33,463.80, with all the sectoral indices led by oil &amp; gas, realty, PSU and metal trading in green.

On similar lines, the NSE Nifty rose 65.30 points, or 0.63 per cent, to 10,368.45.

Major gainers were Hindustan Unilever, Tata Steel, SBI, Sun Pharma, Reliance Industries, ONGC, NTPC, Dr Reddy&#39;s, Asian Paint, Axis Bank, ICICI Bank, Wipro, Infosys and Bharti Airtel, posting gains of up to 2.14 per cent.

Tata Motors also rose 1.82 per cent ahead of its Q2 earnings to be announced later in the day.

Among other Asian markets, Hong Kong&#39;s Hang Seng was up 0.96 per cent, while Japan&#39;s Nikkei rose 1.98 per cent in early trade. China&#39;s Shanghai Composite Index was up 0.05 per cent.

The US Dow Jones Industrial Average ended 0.03 per cent higher in yesterday&#39;s trade.

Buying by domestic institutional institutions (DIIs) and a firm trend on other Asian bourses, tracking overnight gains in the US markets, influenced trading sentiment

The BSE Sensex recovered about 245 points in opening trade today, breaking its two-session losing streak on value-buying by investors and optimism ahead of GST Council meeting. Buying by domestic institutional institutions (DIIs) and a firm trend on other Asian bourses, tracking overnight gains in the US markets, influenced trading sentiment. Expectations that the GST (goods and services tax) Council might give some relief to some sectors by slashing the indirect tax rates at its meeting which begins today also supported the rebound, brokers said. The 30-share barometer, which had lost 512.38 points in the previous two straight sessions, was trading higher by 244.99 points, or 0.73 per cent, to 33,463.80, with all the sectoral indices led by oil & gas, realty, PSU and metal trading in green. On similar lines, the NSE Nifty rose 65.30 points, or 0.63 per cent, to 10,368.45. Major gainers were Hindustan Unilever, Tata Steel, SBI, Sun Pharma, Reliance Industries, ONGC, NTPC, Dr Reddy's, Asian Paint, Axis Bank, ICICI Bank, Wipro, Infosys and Bharti Airtel, posting gains of up to 2.14 per cent. Tata Motors also rose 1.82 per cent ahead of its Q2 earnings to be announced later in the day. Among other Asian markets, Hong Kong's Hang Seng was up 0.96 per cent, while Japan's Nikkei rose 1.98 per cent in early trade. China's Shanghai Composite Index was up 0.05 per cent. The US Dow Jones Industrial Average ended 0.03 per cent higher in yesterday's trade.

Sensex recovers 245 points on value-buying, global cues

Payment processor PayPal Holdings Inc&nbsp;on Wednesday&nbsp;launched domestic operations in India, a market already dominated by China&#39;s Alibaba-backed PayTM, the country&#39;s leading digital payments firm.

PayPal&#39;s entry in the Indian market comes as a push for cashless transactions by the Narendra Modi-led government is seeing more people use e-wallets and card payments.

The online payment industry is pegged to grow ten-fold to $500 billion by 2020.

&quot;India is transitioning away from our biggest competitor &ndash; cash &ndash; and our digital platform and technology has immense scope to enable this at scale,&quot; Anupam Pahuja, country manager and managing director, PayPal India said.

&quot;For us, the marathon has just begun.&quot;

Alphabet Inc&#39;s Google launched a localized payments app for India in September, trying to gain a foothold in the country&#39;s rapidly-growing digital payments space.

PayPal, the Elon Musk-founded company, will allow Indian consumers to use the platform to shop online at some of the country&#39;s most popular businesses.

Merchants accepting PayPal will be also able to process both local and global payments through PayPal, getting access to the payment processor&#39;s more than 218 million customers around the world and in India.

&nbsp;

'India is transitioning away from our biggest competitor ? cash ? and our digital platform and technology has immense scope to enable this at scale,' Anupam Pahuja, country manager and managing director, PayPal India said

Payment processor PayPal Holdings Inc on Wednesday launched domestic operations in India, a market already dominated by China's Alibaba-backed PayTM, the country's leading digital payments firm. PayPal's entry in the Indian market comes as a push for cashless transactions by the Narendra Modi-led government is seeing more people use e-wallets and card payments. The online payment industry is pegged to grow ten-fold to $500 billion by 2020. "India is transitioning away from our biggest competitor – cash – and our digital platform and technology has immense scope to enable this at scale," Anupam Pahuja, country manager and managing director, PayPal India said. "For us, the marathon has just begun." Alphabet Inc's Google launched a localized payments app for India in September, trying to gain a foothold in the country's rapidly-growing digital payments space. PayPal, the Elon Musk-founded company, will allow Indian consumers to use the platform to shop online at some of the country's most popular businesses. Merchants accepting PayPal will be also able to process both local and global payments through PayPal, getting access to the payment processor's more than 218 million customers around the world and in India.

PayPal starts payment service in India

India&#39;s Tata Motors reported a sharp rise in second-quarter profits on Thursday, helped by higher sales of its Jaguar and Land Rover cars, but warned of challenges ahead for its flagship British subsidiary.

Jaguar Land Rover (JLR), which has been driving Tata Motors&#39; profits for several years, expects sales in the UK and United States to soften because of competition but is confident of growth in China, JLR CEO Ralf Speth told reporters in Mumbai.

&quot;We know that overall the economies are stronger around the world but it&#39;s also clear that we see, one or the other, weakness from a political side, from an economy side. Think about Brexit, think about the U.S. at the current moment,&quot; Speth said.

JLR plans to launch several new products next year including the Jaguar XF Sportbrake sport-utility vehicle (SUV), the E-Pace, a compact SUV, and the I-Pace, its first electric sports car, Speth said after the company announced a three-fold rise in profit.

Tata Motors&#39; consolidated net profit for the quarter ended Sept. 30 rose to 24.83 billion rupees ($382 million) compared with 8.28 billion rupees a year ago, helped by strong demand for Range Rover Velar and other new models.&nbsp;

Analysts on average had expected a net profit of 14.99 billion rupees, according to Thomson Reuters data.

Pre-tax profit at JLR rose 38 percent to 385 million pounds ($505 million) and its margin on earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 11.8 percent from 10.9 percent a year ago.

Retail sales of its Jaguar saloons and Land Rover sport-utility vehicles were up 5 percent on the same quarter last year, as an increase in sales in China helped offset lower UK sales.

JLR, Britain&#39;s biggest carmaker, has said it is already feeling the first effects of Brexit, with EU citizens from outside the UK demanding more secure employment contracts and international suppliers less willing to commit to investing in the country.

While JLR will spend between 4 and 4.5 billion pounds on capital expenditure this year, going forward it will expand its product portfolio in a very controlled manner to ensure sustainable, profitable growth, Speth said.

Second-quarter losses at Tata Motors&#39; domestic business narrowed to 2.95 billion rupees from 6.31 billion rupees a year ago, helped by a 30 percent jump in revenues.

Tata Motors Chief Executive Guenter Butschek said work on turning round the company&#39;s domestic car and truck business was underway. The plan focuses on launching new products, reducing costs and consolidating its supply chain, he told reporters.

Tata Motors' consolidated net profit for the quarter ended Sept. 30 rose to 24.83 billion rupees ($382 million) compared with 8.28 billion rupees a year ago, helped by strong demand for Range Rover Velar and other new models.

India's Tata Motors reported a sharp rise in second-quarter profits on Thursday, helped by higher sales of its Jaguar and Land Rover cars, but warned of challenges ahead for its flagship British subsidiary. Jaguar Land Rover (JLR), which has been driving Tata Motors' profits for several years, expects sales in the UK and United States to soften because of competition but is confident of growth in China, JLR CEO Ralf Speth told reporters in Mumbai. "We know that overall the economies are stronger around the world but it's also clear that we see, one or the other, weakness from a political side, from an economy side. Think about Brexit, think about the U.S. at the current moment," Speth said. JLR plans to launch several new products next year including the Jaguar XF Sportbrake sport-utility vehicle (SUV), the E-Pace, a compact SUV, and the I-Pace, its first electric sports car, Speth said after the company announced a three-fold rise in profit. Tata Motors' consolidated net profit for the quarter ended Sept. 30 rose to 24.83 billion rupees ($382 million) compared with 8.28 billion rupees a year ago, helped by strong demand for Range Rover Velar and other new models. Analysts on average had expected a net profit of 14.99 billion rupees, according to Thomson Reuters data. Pre-tax profit at JLR rose 38 percent to 385 million pounds ($505 million) and its margin on earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 11.8 percent from 10.9 percent a year ago. Retail sales of its Jaguar saloons and Land Rover sport-utility vehicles were up 5 percent on the same quarter last year, as an increase in sales in China helped offset lower UK sales. JLR, Britain's biggest carmaker, has said it is already feeling the first effects of Brexit, with EU citizens from outside the UK demanding more secure employment contracts and international suppliers less willing to commit to investing in the country. While JLR will spend between 4 and 4.5 billion pounds on capital expenditure this year, going forward it will expand its product portfolio in a very controlled manner to ensure sustainable, profitable growth, Speth said. Second-quarter losses at Tata Motors' domestic business narrowed to 2.95 billion rupees from 6.31 billion rupees a year ago, helped by a 30 percent jump in revenues. Tata Motors Chief Executive Guenter Butschek said work on turning round the company's domestic car and truck business was underway. The plan focuses on launching new products, reducing costs and consolidating its supply chain, he told reporters.

Tata Motors' second-quarter profits boosted by rise in Jaguar Land Rover sales

Twitter has&nbsp;increased the word limit for its users to <a href="http://www.wionews.com/world/twitter-to-double-tweet-limit-to-280-characters-23698" target="_blank">280 characters</a>.&nbsp;

The social networking site initiated the move to draw more users.

Twitterati reacted to the extension of the word limit.

Many of them were quite happy to see the extension.

However, some users were not satisfied and demanded an edit button.

&nbsp;

<div class="ui-state-default" contenteditable="false">
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<blockquote class="twitter-tweet" data-lang="en">
All we wanted was an edit button 
All we wanted was an edit button 
All we wanted was an edit button 
All we wanted was an edit button 
All we wanted was an edit button 
All we wanted was an edit button 
All we wanted was an edit button 
All we wanted was an edit button<a href="https://twitter.com/hashtag/280characters?src=hash&amp;ref_src=twsrc%5Etfw">#280characters</a>
&mdash; KEEPER (@Sushimibelle) <a href="https://twitter.com/Sushimibelle/status/928145807030730752?ref_src=twsrc%5Etfw">November 8, 2017</a></blockquote>
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Voters today chose 
-2 new Democratic governors 
-2 black lieutenant governors 
-2 transgender officials 
-A Black Lives Matter lawyer as DA in Philly 
-A Sikh mayor in Hoboken 
-A socialist in Virginia 
-To oust GOP mayor in Atlantic City 
-And to expand Medicaid in Maine<a href="https://twitter.com/hashtag/280characters?src=hash&amp;ref_src=twsrc%5Etfw">#280characters</a>
&mdash; Keith Boykin (@keithboykin) <a href="https://twitter.com/keithboykin/status/928118303419224064?ref_src=twsrc%5Etfw">November 8, 2017</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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When you realise that Twitter increases it&#39;s character limit to <a href="https://twitter.com/hashtag/280characters?src=hash&amp;ref_src=twsrc%5Etfw">#280characters</a>. <a href="https://t.co/3wjSTX7D6T">pic.twitter.com/3wjSTX7D6T</a>
&mdash; Viral Ramesh (@viralramesh) <a href="https://twitter.com/viralramesh/status/928168684102799360?ref_src=twsrc%5Etfw">November 8, 2017</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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When you wake up and see <a href="https://twitter.com/hashtag/280characters?src=hash&amp;ref_src=twsrc%5Etfw">#280characters</a> trending on twitter and u know you don&#39;t need to delete dots and commas anymore to fit in 140 characters. <a href="https://t.co/ZQ68cwbGSI">pic.twitter.com/ZQ68cwbGSI</a>
&mdash; Rehegoo Music (@RehegooMusic) <a href="https://twitter.com/RehegooMusic/status/928176977743400960?ref_src=twsrc%5Etfw">November 8, 2017</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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<a href="https://twitter.com/hashtag/280characters?src=hash&amp;ref_src=twsrc%5Etfw">#280characters</a> vs 140 is a good analogy of financial needs vs wants. 
 
Just because I have $280 doesn&#39;t mean I must spend all $280.
&mdash; thatwasntme (@yours_heidi) <a href="https://twitter.com/yours_heidi/status/928154884406497280?ref_src=twsrc%5Etfw">November 8, 2017</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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My friend slept in class. I took his phone and changed my name in his contacts to &ldquo;dad&rdquo; then I texted him &ldquo; son, I just won 500 million dollars in the lottery. We are rich now. You don&rsquo;t have to go to school anymore!&rdquo; 
~~THREAD~~<a href="https://twitter.com/hashtag/280characters?src=hash&amp;ref_src=twsrc%5Etfw">#280characters</a> 
??????????????
&mdash; Total Man (@Omoso_Omoso) <a href="https://twitter.com/Omoso_Omoso/status/928163061424369666?ref_src=twsrc%5Etfw">November 8, 2017</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Happy <a href="https://twitter.com/hashtag/280characters?src=hash&amp;ref_src=twsrc%5Etfw">#280characters</a> everyone! 
 
Enjoy typing nonsense twice as much! ?? 
 
We&#39;re free! 
 
WOOHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO! ??
&mdash; Shyning77 (@Shyning77) <a href="https://twitter.com/Shyning77/status/928182007351402496?ref_src=twsrc%5Etfw">November 8, 2017</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Don&#39;t reply with &quot;k&quot; you now have <a href="https://twitter.com/hashtag/280Characters?src=hash&amp;ref_src=twsrc%5Etfw">#280Characters</a>
&mdash; Nompumelelo (@Mpumi_Can) <a href="https://twitter.com/Mpumi_Can/status/928180046333964293?ref_src=twsrc%5Etfw">November 8, 2017</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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I think today should be marked <a href="https://twitter.com/hashtag/280characters?src=hash&amp;ref_src=twsrc%5Etfw">#280characters</a> day. <a href="https://t.co/cNaTWgUt2c">pic.twitter.com/cNaTWgUt2c</a>
&mdash; Henry Eyo&trade; (@MeetHenryEyo) <a href="https://twitter.com/MeetHenryEyo/status/928179812811845632?ref_src=twsrc%5Etfw">November 8, 2017</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">&times;</a></div>

Initially, Twitter allowed its users just 140 characters which were not enough for its users to express their opinions.&nbsp;

Twitter had started testing the increase of its word limit in early September.&nbsp;

The word limit has been increased to all languages except for Japanese, Korean and Chinese as these languages did not have any space limitation.&nbsp;

The social networking site has been trying to modify its features to attract more users and <a href="http://www.wionews.com/business-economy/twitter-says-it-could-turn-first-ever-profit-shares-surge-23009" target="_blank">compete with the leading media sites</a>.

Twitter is also working on introducing <a href="http://www.wionews.com/business-economy/saveforlater-twitter-to-soon-introduce-bookmarking-feature-21248" target="_blank">&#39;Save For Later&#39;</a>&nbsp;feature to bookmark posts for its users.&nbsp;

The social networking site initiated the move to draw more users

Twitter has increased the word limit for its users to 280 characters. The social networking site initiated the move to draw more users. Twitterati reacted to the extension of the word limit. Many of them were quite happy to see the extension. However, some users were not satisfied and demanded an edit button. All we wanted was an edit button All we wanted was an edit button All we wanted was an edit button All we wanted was an edit button All we wanted was an edit button All we wanted was an edit button All we wanted was an edit button All we wanted was an edit button#280characters — KEEPER (@Sushimibelle) November 8, 2017 × Voters today chose -2 new Democratic governors -2 black lieutenant governors -2 transgender officials -A Black Lives Matter lawyer as DA in Philly -A Sikh mayor in Hoboken -A socialist in Virginia -To oust GOP mayor in Atlantic City -And to expand Medicaid in Maine#280characters — Keith Boykin (@keithboykin) November 8, 2017 × When you realise that Twitter increases it's character limit to #280characters. pic.twitter.com/3wjSTX7D6T — Viral Ramesh (@viralramesh) November 8, 2017 × When you wake up and see #280characters trending on twitter and u know you don't need to delete dots and commas anymore to fit in 140 characters. pic.twitter.com/ZQ68cwbGSI — Rehegoo Music (@RehegooMusic) November 8, 2017 × #280characters vs 140 is a good analogy of financial needs vs wants. Just because I have $280 doesn't mean I must spend all $280. — thatwasntme (@yours_heidi) November 8, 2017 × My friend slept in class. I took his phone and changed my name in his contacts to “dad” then I texted him “ son, I just won 500 million dollars in the lottery. We are rich now. You don’t have to go to school anymore!” ~~THREAD~~#280characters ?????????????? — Total Man (@Omoso_Omoso) November 8, 2017 × Happy #280characters everyone! Enjoy typing nonsense twice as much! ?? We're free! WOOHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO! ?? — Shyning77 (@Shyning77) November 8, 2017 × Don't reply with "k" you now have #280Characters — Nompumelelo (@Mpumi_Can) November 8, 2017 × I think today should be marked #280characters day. pic.twitter.com/cNaTWgUt2c — Henry Eyo™ (@MeetHenryEyo) November 8, 2017 × Initially, Twitter allowed its users just 140 characters which were not enough for its users to express their opinions. Twitter had started testing the increase of its word limit in early September. The word limit has been increased to all languages except for Japanese, Korean and Chinese as these languages did not have any space limitation. The social networking site has been trying to modify its features to attract more users and compete with the leading media sites. Twitter is also working on introducing 'Save For Later' feature to bookmark posts for its users.

Twitterati welcomes 280 characters in Twitter

HDFC Standard Life Insurance Company&rsquo;s Initial Public Offer or IPO will open on Tuesday. Ahead of its opening, the company&nbsp;raised Rs 2,322 crore from anchor investors, it said in a statement on Monday.

The public issue comprises sale of 1,91,246,050 equity shares, amounting to 9.55 per cent stake, by HDFC Ltd and up to 1,08,581,768 scrips, or 5.42 per cent, holding by Standard Life Mauritius.

Singapore&#39;s sovereign wealth fund Temasek, Norwegian fund Norges, Kuwait Investment, T Rowe Price, Fidelity, Blackrock and JP Morgan are among the anchor investors, according to a regulatory filing.

The shares have been allocated at the upper price band of Rs 290 apiece.

The company&#39;s executive committee and the promoter selling shareholders in consultation with the manager to the offer have finalised allocation of 80,068,600 shares to anchor investors, the filing submitted to the NSE said.

Price band for the offer has been fixed at Rs 275-290 per share.

At present, HDFC owns 61.41 per cent stake in HDFC Standard Life and Standard Life has about 34.86 per cent stake, while the remaining is with employees and PremjiInvest.

HDFC Standard Life Insurance Company?s Initial Public Offer or IPO will open on Tuesday. Ahead of its opening, the company raised Rs 2,322 crore from anchor investors, it said in a statement on Monday.

HDFC Standard Life Insurance Company’s Initial Public Offer or IPO will open on Tuesday. Ahead of its opening, the company raised Rs 2,322 crore from anchor investors, it said in a statement on Monday. The public issue comprises sale of 1,91,246,050 equity shares, amounting to 9.55 per cent stake, by HDFC Ltd and up to 1,08,581,768 scrips, or 5.42 per cent, holding by Standard Life Mauritius. Singapore's sovereign wealth fund Temasek, Norwegian fund Norges, Kuwait Investment, T Rowe Price, Fidelity, Blackrock and JP Morgan are among the anchor investors, according to a regulatory filing. The shares have been allocated at the upper price band of Rs 290 apiece. The company's executive committee and the promoter selling shareholders in consultation with the manager to the offer have finalised allocation of 80,068,600 shares to anchor investors, the filing submitted to the NSE said. Price band for the offer has been fixed at Rs 275-290 per share. At present, HDFC owns 61.41 per cent stake in HDFC Standard Life and Standard Life has about 34.86 per cent stake, while the remaining is with employees and PremjiInvest.

HDFC Life IPO opens for subscription today

Ministers in the Modi government will fan across the country on Tuesday and Wednesday to highlight the crackdown on black money to mark the first anniversary of demonetisation on November 8 which the BJP will observe as &#39;anti-black money day&#39; and Congress as &#39;black day&#39;.

Many of them will speak to media on Tuesday in major cities, while BJP leaders, including ministers, MPs and MLAs, will hold several events to highlight the Modi dispensation&#39;s policies to curb illicit money, party sources said.

Finance Minister Arun Jaitley will interact with journalists in the national capital on Tuesday, while Law Minister Ravi Shankar Prasad and Bihar Deputy Chief Minister Sushil Kumar Modi will speak in Bhopal and Patna respectively.

On November 8, Union ministers Nitin Gadkari, Ananth Kumar, Nirmala Sitharaman, Mukhtar Abbas Naqvi, Suresh Prabhu and Smriti Irani will speak in Mumbai, Hyderabad, Chennai, Chandigarh, Jaipur and Lucknow respectively.

Prakash Javadekar will speak to media in Bengaluru and Piyush Goyal in Ahmedabad. Union minister Jayant Sinha has also been drafted for the exercise, sources said.

BJP chief Amit Shah will be in Gujarat that day.

With the BJP and the Congress involved in a war of words over demonetisation&#39;s implications, Prime Minister Narendra Modi has turned up the heat on the opposition party over the issue of black money and corruption during his election rallies.

The Congress too has planned a nation-wide exercise to project demonetisation as a &quot;failure&quot;.&nbsp;

Ministers in the Modi government will fan across the country on Tuesday and Wednesday to highlight the crackdown on black money to mark the first anniversary of demonetisation on November 8.

Ministers in the Modi government will fan across the country on Tuesday and Wednesday to highlight the crackdown on black money to mark the first anniversary of demonetisation on November 8 which the BJP will observe as 'anti-black money day' and Congress as 'black day'. Many of them will speak to media on Tuesday in major cities, while BJP leaders, including ministers, MPs and MLAs, will hold several events to highlight the Modi dispensation's policies to curb illicit money, party sources said. Finance Minister Arun Jaitley will interact with journalists in the national capital on Tuesday, while Law Minister Ravi Shankar Prasad and Bihar Deputy Chief Minister Sushil Kumar Modi will speak in Bhopal and Patna respectively. On November 8, Union ministers Nitin Gadkari, Ananth Kumar, Nirmala Sitharaman, Mukhtar Abbas Naqvi, Suresh Prabhu and Smriti Irani will speak in Mumbai, Hyderabad, Chennai, Chandigarh, Jaipur and Lucknow respectively. Prakash Javadekar will speak to media in Bengaluru and Piyush Goyal in Ahmedabad. Union minister Jayant Sinha has also been drafted for the exercise, sources said. BJP chief Amit Shah will be in Gujarat that day. With the BJP and the Congress involved in a war of words over demonetisation's implications, Prime Minister Narendra Modi has turned up the heat on the opposition party over the issue of black money and corruption during his election rallies. The Congress too has planned a nation-wide exercise to project demonetisation as a "failure".

One year of demonetisation: Ministers to highlight govt's fight against black money

Finance Minister Arun Jaitley has called November 8, 2016, the day when the BJP government banned the existing currency notes and replaced them with new ones a &ldquo;watershed moment in the history of Indian economy&rdquo;.

In a blog post on the first anniversary of demonetisation, Jaitley said, &ldquo;November 8, 2016 would be remembered as a watershed moment in the history of Indian economy.&nbsp;This day signifies the resolve of this Government to cure the country from &lsquo;dreaded disease of black money&rsquo;.&rdquo;

Highlighting his government&rsquo;s resolve to cleanse the economy and strengthen its foundations, Jaitley wrote in his blog that the process was started soon after the BJP came to power in 2014. &ldquo;This Government took decisions and implemented the earlier provisions of law in a well-considered and planned manner over three years to meet the objective of fight against black money.&nbsp; These decisions span from setting up of SIT to passing of necessary laws for foreign assets to demonetisation and to implementation of GST,&rdquo; Jaitley said.

The government has made elaborate plans to celebrate the first anniversary of demonetisation and has <a href="http://www.wionews.com/business-economy/one-year-of-demonetisation-ministers-to-highlight-govts-fight-against-black-money-23637">deployed many Union ministers</a> to highlight government&rsquo;s fight against black money. The government is celebrating November 8, 2017, as &lsquo;anti-black money day&rsquo;.

The opposition has hit back at the government saying the entire exercise has been a failure. In his blog post, Jaitley highlights the positive outcome of demonetisation to counter opposition charge. &ldquo;RBI has reported in their Annual Accounts that Specified Bank Notes (SBNs) of estimated value of Rs.15.28 lakh crore have been deposited back as on 30.6.2017.&nbsp;The outstanding SBNs as on 8th November, 2016 were of Rs.15.44 lakh crore value.&nbsp; The total currency in circulation of all denominations as on 8th November, 2016 was 17.77 lakh crore. One of the important objective of demonetisation was to make India a less cash economy and thereby reduce the flow of black money in the system.&nbsp; The reduction in currency in circulation from the base scenario reflects that this intended objective has been met,&rdquo; the finance minister says in his blog post.

READ JAITLEY&#39;S ENTIRE BLOG:

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&nbsp;

Finance Minister Arun Jaitley has called November 8, 2016, the day when the BJP government banned the existing currency notes and replaced them with new ones a ?watershed moment in the history of Indian economy?.

Finance Minister Arun Jaitley has called November 8, 2016, the day when the BJP government banned the existing currency notes and replaced them with new ones a “watershed moment in the history of Indian economy”. In a blog post on the first anniversary of demonetisation, Jaitley said, “November 8, 2016 would be remembered as a watershed moment in the history of Indian economy. This day signifies the resolve of this Government to cure the country from ‘dreaded disease of black money’.” Highlighting his government’s resolve to cleanse the economy and strengthen its foundations, Jaitley wrote in his blog that the process was started soon after the BJP came to power in 2014. “This Government took decisions and implemented the earlier provisions of law in a well-considered and planned manner over three years to meet the objective of fight against black money. These decisions span from setting up of SIT to passing of necessary laws for foreign assets to demonetisation and to implementation of GST,” Jaitley said. The government has made elaborate plans to celebrate the first anniversary of demonetisation and has deployed many Union ministers to highlight government’s fight against black money. The government is celebrating November 8, 2017, as ‘anti-black money day’. The opposition has hit back at the government saying the entire exercise has been a failure. In his blog post, Jaitley highlights the positive outcome of demonetisation to counter opposition charge. “RBI has reported in their Annual Accounts that Specified Bank Notes (SBNs) of estimated value of Rs.15.28 lakh crore have been deposited back as on 30.6.2017. The outstanding SBNs as on 8th November, 2016 were of Rs.15.44 lakh crore value. The total currency in circulation of all denominations as on 8th November, 2016 was 17.77 lakh crore. One of the important objective of demonetisation was to make India a less cash economy and thereby reduce the flow of black money in the system. The reduction in currency in circulation from the base scenario reflects that this intended objective has been met,” the finance minister says in his blog post. READ JAITLEY'S ENTIRE BLOG: ×

Demonetisation: 'November 8 watershed moment in history of Indian economy', says Arun Jaitley

Indian ride-hailing firm Ola said it has tied up with Microsoft to build a connected-car platform and will use the U.S tech giant&#39;s Azure cloud-computing service to power its in-car entertainment offering.

Microsoft is separately also in talks over a potential investment in Ola, a source told Reuters, declining to be named as the discussions are private.

The new connected-vehicle platform, for cars that have internet access, will have features to aid navigation and to flag when vehicle maintenance is required, Ola said in a statement on Tuesday.

&quot;Both companies will collaborate to take this platform to car manufacturers globally to integrate with vehicle systems,&quot; Ola said, making the announcement during a visit to India by Microsoft CEO Satya Nadella.

Ola, which has been locked in a fierce battle with rival Uber for a bigger piece of India&#39;s $12 billion taxi market, has said it would invest in artificial intelligence and machine-learning capabilities, which include technologies like its in-car entertainment platform called Play that allows riders to choose music and stream videos.

As part of its partnership with Microsoft, Ola plans to weave the U.S. company&#39;s digital assistant Cortana into its Play service for voice recognition capabilities, the source said.

Ola raised $1.1 billion last month from investors led by China&#39;s Tencent Holdings and Japan&#39;s SoftBank Group and said it was in &quot;advanced talks with other investors&quot; for a further $1 billion.

Any investment by Microsoft could be part of this second tranche, the source said, adding that Ola will switch completely from the Amazon Web Services cloud platform to Microsoft Azure over the next few quarters.

Indian newspaper Mint reported in July that Microsoft was looking to invest up to $100 million in Ola parent ANI Technologies. (https://goo.gl/akiUL2)

A spokesman for Ola said there were no fundraising talks in progress with Microsoft at this time.

Microsoft did not immediately respond to a request for comment.

Microsoft is separately also in talks over a potential investment in Ola, a source told Reuters, declining to be named as the discussions are private.

Indian ride-hailing firm Ola said it has tied up with Microsoft to build a connected-car platform and will use the U.S tech giant's Azure cloud-computing service to power its in-car entertainment offering. Microsoft is separately also in talks over a potential investment in Ola, a source told Reuters, declining to be named as the discussions are private. The new connected-vehicle platform, for cars that have internet access, will have features to aid navigation and to flag when vehicle maintenance is required, Ola said in a statement on Tuesday. "Both companies will collaborate to take this platform to car manufacturers globally to integrate with vehicle systems," Ola said, making the announcement during a visit to India by Microsoft CEO Satya Nadella. Ola, which has been locked in a fierce battle with rival Uber for a bigger piece of India's $12 billion taxi market, has said it would invest in artificial intelligence and machine-learning capabilities, which include technologies like its in-car entertainment platform called Play that allows riders to choose music and stream videos. As part of its partnership with Microsoft, Ola plans to weave the U.S. company's digital assistant Cortana into its Play service for voice recognition capabilities, the source said. Ola raised $1.1 billion last month from investors led by China's Tencent Holdings and Japan's SoftBank Group and said it was in "advanced talks with other investors" for a further $1 billion. Any investment by Microsoft could be part of this second tranche, the source said, adding that Ola will switch completely from the Amazon Web Services cloud platform to Microsoft Azure over the next few quarters. Indian newspaper Mint reported in July that Microsoft was looking to invest up to $100 million in Ola parent ANI Technologies. (https://goo.gl/akiUL2) A spokesman for Ola said there were no fundraising talks in progress with Microsoft at this time. Microsoft did not immediately respond to a request for comment.

Ola ties up with Microsoft for connected car platform