Comments by Federal Reserve Chair Jerome Powell that benchmark U.S. interest rates were “just below” neutral sparked a sharp rally on Wall Street on Wednesday, easing investor worries about the pace of rate hikes by the U.S. central bank next year. Hopes that the United States and China could call a trade war ceasefire at the upcoming G20 summit in Argentina also boosted stocks around the globe.

Telecom regulator Trai on Wednesday decided to retain the existing charges that can be levied by cable landing stations for providing international connectivity through submarine cables. The Telecom Regulatory Authority of India capped charges for accessing low capacity STM-1 at Rs 36,000 per annum and Rs 6.25 lakh for high capacity STM-64 per unit capacity

Reliance Industrial Investments and Holdings (RIIHL), a wholly owned subsidiary of Reliance Industries, has invested in New Emerging World of Journalism Private (NEWJ), a start-up that curates and produces video content for smartphone users. As initial tranche, RIIHL has subscribed to 30,000 equity shares and 125 compulsory convertible debentures for total cash aggregating to Rs 1.03 crore and consequently NEWJ has become a subsidiary of RIIHL and RIL, a company statement said.

Microsoft Corp surpassed Apple to become the world’s most valuable publicly traded company. All it took was a $300-billion rout. After briefly claiming the top spot on Monday, Microsoft shares rose 0.6% on Tuesday, pushing the company’s market value to $828.1 billion at the close. That exceeded by more than $1 billion the value of Apple, which has tumbled this month on concern about iPhone unit sales.

The BSE benchmark Sensex on Thursday opened on a strong note. The S&P BSE Sensex opened at 35,997.29 and the Nifty50 barometer of the National Stock Exchange (NSE) started at 10,808.70.

At 10:17 AM, Sensex was at 36,052.66 mark, up by 332.45 points or 0.93 per cent while Nifty was at 10,813.05 mark, up by 85.20 or 0.79 per cent.

A jury in California rejected claims that Tata Consultancy Services Ltd. has discriminated for years against American workers in favor of staffing its US offices with Indians.

The verdict is a major victory for the Indian outsourcing industry, whose business model depends heavily on exporting Indian engineers to the US A federal jury in Oakland, California,

Despite a recent interaction between government and officials with Gem Jewellery Export Promotion Council (GJEPC), leaders say the absence of finance for the cash-hungry industry is being addressed, while others warn that if the current scenario persists, the impact could affect the country's exports as well.

The committee of creditors (CoC) to insolvent Essar Steel argued before the bench here of the National Company Law Tribunal that the offer made by the company's promoters, the Ruias, was "not maintainable" and wanted it dismissed. Their counsel, Ravi Kadam, also requested day-to-day hearing of the matter. The case was deferred to December 10, as one of two on the bench was on leave.

The Madras High Court granted anticipatory bail to TVS Motor Chairman Venu Srinivasan on Wednesday in connection with the alleged idol theft case in Tamil Nadu.

Srinivasan's name was mentioned in a first information report (FIR) by the local police. The case was then transferred to the Idol Wing of the Crime Branch-Central Investigation Department. The FIR accused him of replacing a century-old peacock idol at Chennai’s Kapaleeswarar temple with a fake one.

An Air India plane carrying 179 passengers struck a building at Stockholm's Arlanda airport with its wingtip as it taxied to gate on Wednesday, but no injuries were reported, police said.

"The 179 passengers could disembark from the plane on a mobile staircase and thereafter enter the terminal," police wrote in a statement.

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