In a major breakthrough in speech recognition, researchers at Microsoft claim to have developed the first technology that recognises the words in a conversation as well as humans do.

A team of researchers and engineers in Microsoft Artificial Intelligence and Research created a speech recognition system that makes the same or fewer errors than professional transcriptionists.

Wipro, India's third largest software exporter is expected to see subdued growth and see pressure on margins in the second quarter.

Wipro, which is expected to post results on Friday, has 0-1 per cent sequential growth in revenue; while pointing to factors like uncertainties in the BFSI vertical, continued weakness in energy vertical may arrest its revenue growth towards the lower end of the range.

MUMBAI: Market came under a spell of volatility on Wednesday as the Sensex slipped into the negative zone from a positive start after profit-booking resurfaced at FMCG, auto and realty counters despite higher Asian cues.

Investors went in for profit-booking after Tuesday's biggest single-day rebound in close to five months. But oil and gas, healthcare, energy, utilities, consumer durables, power and IT sectors saw continued buying interest.

Mumbai/New Delhi: Infrastructure conglomerate GMR Group has initiated discussions with SembCorp Industries Ltd of Singapore and US-based Lone Star Funds for selling a significant stake in GMR Chhattisgarh Energy Ltd (GCEL), a 100% subsidiary of GMR Energy Ltd (GEL), three people familiar with the matter said. The move is part of the group’s efforts to bring down its debt that stood at Rs43,400 crore at the end of September.

Thanks to its efforts at improving efficiency in exploration, government-owned ONGC has broken the declining trend in its oil and gas output from onshore assets that prevailed for the past four years.

The production from onshore assets rose nearly 3% to 1.498 million tonnes in the second quarter of FY17 from 1.454 million tonnes in the first quarter of the fiscal.

With a bumper Navratri behind them, carmakers are gearing up for a big Diwali. Dealers for the country’s top two players — Maruti and Hyundai — told FE retail sales have risen 15-16% during the nine-day-long festival driven by fairly chunky discounts. Channel checks by Bank of America Merrill Lynch reveal retail sales are 10-15% higher for most passenger vehicle makers.

Home-grown auto major Tata Motors has increased prices of its passenger vehicles by up to Rs 12,000 across models to offset rising input costs.

“We have hiked prices of our passenger vehicles by one per cent ranging between Rs 5,000 and Rs 12,000 due to rising input costs,” Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors, told PTI.

State-owned Coal India (CIL) will tomorrow begin special spot e-auction of coal and will put on offer 20 mt of the fossil fuel for various sectors, including power, amid government’s efforts for 24×7 power to all.

According to an official, the auction will be conducted for four days beginning tomorrow.

MUMBAI: A month ago, an official of Axis Bank -- India's third largest private sector lender -- received an unexpected telephone call. The caller, an engineer at Kaspersky Lab, the well-known Moscow-headquartered cyber security firm, rattled off the names of several Axis computers which, he claimed, have been breached.

The Kaspersky man said his firm had stumbled on the information in the course of a separate probe. When an Axis team looked into the bank’s servers, it found out that there was indeed an unauthorized login by an unnamed, offshore hacker.

The government said on Tuesday it has imposed a total penalty of Rs 10.8 crore on telecom companies for violating mobile towers radiation rule, assuring that it will look into various safety concerns that have been raised. "As on July 31, 2016, the Department of Telecom tested 3.19 lakh base station and found 205 of them were non- compliant to radiation rules. Total penalty of Rs 10.8 crore has been imposed on telecom service providers," according to the data shared by the telecom ministry at the consultative committee meeting held at Parliament on Tuesday.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.