Amid reports of several IT companies laying off employees, a software engineer on Wednesday committed suicide in Maharashtra's Pune over concerns about his job security.

The engineer who has been identified as Gopikrishna Durgaprasad (25) was a resident of Krishna district​ in Andhra Pradesh and had started working in Pune three days ago.

India's Reliance Jio Infocomm Ltd, which is looking into reports of a major leak of user data, has filed a police complaint alleging unlawful access to its systems, a police officer involved in the investigation said on Wednesday.

The complaint is the telecom company's first official acknowledgement of a systems breach. Jio has so far denied media reports and user accounts of a leak.

Shares of two Nifty 50 companies, Larsen & Toubro (L&T) and Bharat Petroleum Corporation Limited (BPCL) are trading at their adjusted price of 1:2 bonus shares.

The board of directors of L&T and BPCL during last week of May, 2017, had approved issue of bonus shares in the ratio of 1:2 (i.e. one bonus equity share for every two fully paid equity shares held). L&T has fixed July 14, while BPCL fixed July 15 as the record date to identify eligible shareholders for the purpose of bonus shares.

New Delhi: Ford Motor Co.’s local unit has emerged as the largest exporter of cars from India in the quarter ended 30 June, wresting the crown from Hyundai Motor India Ltd, data provided by Society of Indian Automobile Manufacturers (Siam) shows.

Ford India has now outpaced Hyundai for three consecutive months in shipping out vehicles and during the June quarter it led Hyundai by 15,813 units. During the period, Ford’s exports rose 54% to 48,971 units from a year-ago period.

Washington: India is a great place for innovation and there is a lot of opportunity for Indian firms and start-ups to work with Microsoft and develop cloud-based tools and platforms for a global marketplace, according to a senior official of the software giant.

Alyssa Fitzpatrick, general manager of Microsoft’s worldwide channel sales, on the sidelines of the ongoing annual partnership meet of Microsoft ‘Inspire’, said that some of the great things have been happening in the Indian market from an innovation perspective.

Country’s largest bank SBI has waived charges for fund transfer of up to Rs 1,000 through its IMPS (Immediate Payment Service) to promote small transactions. State Bank of India had been charging Rs 5 along with the applicable service tax for IMPS fund transfer of up to Rs 1,000. IMPS is an instant interbank electronic fund transfer service through mobile phones as well as internet banking. “In order to promote small ticket size transactions, SBI has waived off IMPS charges for transfer up to Rs 1,000,” the bank said while informing about the revised IMPS transfer charges under the Goods and Services Tax (GST) regime.

Volvo Cars has introduced the V90 Cross Country, a station wagon based on the S90 sedan in India at a price of Rs 60 lakh, ex-showroom. Like the S90 and the XC90, the V90 Cross Country will also be underpinned by the company's SPA (Scalable Platform Architecture) platform. The station wagon would carry forward the Thor's Hammer LED headlamp setup with DRLs (Daytime Running Lamps) from the S90 and is also offered with vertically positioned LED tail lamps, 20-inch alloy wheels, skid plates at both ends, redesigned bumpers as well as Aluminium brushed roof rails. Inside the Volvo V90 Cross Country, the most prominent change when compared to the S90 sedan is the replacement of faux wood inserts with silver.

The heavyweight IT companies TCS and Infosys have capped the previous two-day gains and are dragging the Nifty IT index down ahead of the first quarter earnings. Stocks of IT companies mostly trade up except TCS which was down 0.89% at Rs 2,453.8 while Infosys shares were mostly flat, down 0.11% at Rs 974.25. NSE’s Nifty IT index trade slightly under pressure, down 0.14% at 10,415.1 points.

With the third tranche of linkage auction on the anvil, the coal ministry now wants to adopt a flexible mode of transportation using both the roadways and railways for easy evacuation of coal. Following the second tranche of linkage auction in which Coal India (CIL) offered 15 million tonnes, the miner could not conclude the fuel supply agreements since there were supply constraints from Mahanadi Coalfields (MCL), South Eastern Coalfields (SECL) and Central Coalfields (CCL).

Reserve Bank of India (RBI) Governor Urjit Patel is slated to appear before the Parliamentary panel on Wednesday in order to provide clarification on an array of queries related to demonetisation.

The agenda of the meeting is -Evidence of the representatives of the RBI on the subject demonetisation and transformation towards digital economy and banking sector in India-Challenges and the way forward.

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