The Reserve Bank of India’s (RBI) announcement launching a new series of 100-rupee denomination notes has been greeted with trepidation by the major companies engaged in the manufacture and supply of Automatic Teller Machines (ATMs) in the country.

Like the new post-demonetisation Rs 2,000, Rs 500, Rs 200 and the new Rs 50 notes and Rs 10 notes, even the new lavender-coloured Rs 100 is a tad smaller in size compared to the blue-coloured Rs 100 notes currently in circulation.

After the Cambridge Analytica data scandal, Facebook has now suspended Boston-based data analytics company Crimson Hexagon over concerns that it harvested users’ data.

According to a report in The Wall Street Journal late on Friday, the social media giant was investigating whether the analytics firm’s “contracts with the US government, a Russian non-profit organisation tied to the Kremlin and the Turkish government violate the platform’s policies”.

Congress President Rahul Gandhi on Saturday expressed "shock" and "disgust" at the alleged rape of a 22-year-old woman in Haryana by 40 men, saying it is a shame that the nation was unable to protect "this daughter of India".

A robust growth in motorcycle and commercial vehicle volumes drove Bajaj Auto’s net profit by 21 per cent to Rs 11.15 billion in the April to June quarter, against Rs 9.24 billion a year ago. The net was lower than Rs 12.5-billion estimated by Bloomberg analysts. The company’s revenue rose 26.7 per cent to Rs 74.19 billion over a year-ago period, missing the consensus forecast of Rs 77.91 billion, too.

Wipro, India’s third-largest IT services company, on Friday announced better-than-expected financial numbers for the first quarter ended June 2018. This was backed by a revival in the key BFSI (banking, financial services, and insurance) vertical, apart from strong growth in North America, which accounts for 55 per cent of the company’s revenues.

L& T Finance Holdings on Friday said its net profit grew 71 per cent to Rs 5.38 billion for the quarter ended June 2018 (Q1), compared to Rs 3.14 billion a year ago. The finance arm of Larsen & Toubro has prepared financial statement for Q1 according to the new accounting rules Indian Accounting Standards, which came into effect from April 1, 2018.

Facing the prospect of low traffic volumes on some of its upcoming highways owing to parallel projects, the National Highways Authority of India (NHAI) has tweaked the second bundle of contracts to be offered under the toll-operate-transfer (TOT) model.

The stretches that were found saturated in terms of traffic volumes will now be replaced with those earmarked for the third tranche of bidding.

The Narendra Modi government comfortably defeated the no-confidence motion in the Lok Sabha on Friday. But if the debate was a trailer of the forthcoming Lok Sabha elections between the Bharatiya Janata Party (BJP) and a united Opposition, it ended in a stalemate.

To deepen the corporate bonds market, the Securities and Exchange Board of India on Friday came out with a proposal that will require large corporates to raise 25 per cent borrowings through this route from next financial year.

The framework is proposed to be implemented from April 1 next year and the large corporates identified as on March 31, 2019 will have to garner at least 25 per cent of their borrowings made in 2019-20 through bond market, Sebi said in a consultation paper.

Shares of Microsoft Corp were set to open at a record high on Friday, after the company reported another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.

Shares of one of the technology world's oldest and best-known names rose 4 per cent to $108.50 in trading before the bell, potentially adding nearly $32 billion to a market capitalisation that was already $802 billion at close on Thursday.

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