BENGALURU: Ravi Venkatesan, the former Infosys cochairman, is discussing a potential offer to join US ecommerce giant Amazon in its India business in a senior role, said two sources familiar with the matter. Venkatesan, who has earlier also served as the head of Microsoft India, could join as either a board member, chairman or a senior advisor at Amazon India, the sources said.

Just a day before Karnataka polls result, key indices on Monday opened in green. The benchmark BSE Sensex was trading at 35,591.51 mark and was up by 57.25 points while Nifty was tradung beyond 10,800 mark. Market breadth, indicating the overall health of the market, turned positive. On the BSE, 770 stocks rallied, 661 stocks declined, while 55 stocks remained unchanged.

One97 Communications, the company that owns Paytm, plans to process Rs 600 billion in monthly bank transfers by the end of this year. The company is also planning to invest Rs 50 billion in its core business, expecting to increase the number of transactions from a billion to 2 billion.

Air India has recorded a 20 per cent growth in revenue in March-April 2018. The carrier has also embarked on a route-analysis exercise, focusing on increasing flying hours of its aircraft, to add more trips, Chairman and Managing Director, Pradeep Singh Kharola, said.

The airline is focussing on improving the operational efficiency, both in the domestic and international sectors, even as it is buoyed over the load factor, on time performance and revenue growth, Kharola said.

Market regulator, the Securities and Exchange Board of India (Sebi) as well as stock exchanges have stepped up surveillance to keep a close tab on possible manipulations and excessive volatility in the markets ahead of assembly elections results in Karnataka.

The results of the single-phase assembly elections will be declared on May 15. However, before the formal announcement of the results, several agencies conducted exit polls, predicting the outcome.

The 72.13 per cent voter turnout in the Karnataka Assembly elections has broken all records and is the highest since the 1952 state polls, Chief Electoral Officer Sanjeev Kumar said on Sunday. Women and young voters exercised their franchise in large numbers on Saturday, he told PTI.

“The voter turnout in the polls broke all records last night. By midnight, the figures showed that it was 72.13 per cent,” he told PTI here.

World’s richest man and Amazon’s top boss Jeff Bezos is against the concept of work-life balance, and calls it a ‘debilitating phrase.’ He prefers work-life harmony instead. “I get asked about work-life balance all the time. And my view is, that’s a debilitating phrase because it implies there’s a strict trade-off,” Jeff Bezos said.

Alarmed by the mammoth spread of fake news, tech giant Microsoft is working round-the-clock on building “trusted” algorithms to control false news on its platforms like Bing Search engine and professional networking website LinkedIn.

According to David Heiner, Strategic Policy Advisor at Microsoft, the problems Facebook and YouTube are facing with fake news today have alerted the tech companies the world over and Microsoft is right on the job in building Artificial Intelligence (AI)-driven systems to fight back.

The benchmark Sensex ended the week with strong gains, rallying 620.41 points close at 35,535.79, while the broader Nifty ended at 10,806.50, garnering 188.25 points.

Bulls dominated and remained in control despite anxiety ridden trading week ahead of Karnataka Assembly elections, also inhibited by weak rupee, surging crude prices and US bond yields as well as political tensions in middle east.

A staggering 93% of the total H-4 visa holders in the US having work authorisation are from India, a latest Congressional report on the spouse visa has said. Over one-fifth of the H-4 visa holders with work authorisation live in California, it said.

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