Microsoft said on Thursday that it was reorganising part of the company to better position itself as one of the significant players in the emerging field of artificial intelligence.

The company has created a new organisation that combines its research group, one of the largest in the technology industry, and a number of products that rely on artificial intelligence, including its Bing search engine and Cortana virtual assistant. The new artificial intelligence and research group at Microsoft will have more than 5,000 employees.

The government will seek compensation from the Mukesh Ambani-promoted Reliance Industries (RIL) for producing natural gas that migrated from an adjoining block of Oil and Natural Gas Corporation.

Besides, the petroleum ministry will conduct an internal inquiry into any lapses by the state-owned company.

State-owned NTPC today announced the listing of its Rs 2,000 crore Green Masala Bonds at Singapore Stock Exchange.

“NTPC has become the flag bearer for Rupee denominated Indian paper bringing in a new set of investors to meet the financing needs of the Indian Infrastructure sector on listing of INR 2000 Crore Green Masala Bonds at Singapore Stock Exchange,” the company said in a statement.

Private sector lender Yes Bank plans to raise up to Rs 2,500 crore by issuing long-term bonds on a private placement basis.

"The bank proposes to raise funds by issuing senior unsecured listed rated redeemable long-term bonds in the form of debentures amounting to Rs 1,000 crore, with a green shoe option for an additional amount up to Rs 1,500 crore on a private placement basis," it said in a regulatory filing.

MUMBAI: Market benchmark Sensex surged over 181 points and the NSE Nifty reclaimed the 8,800-mark on Thursday after global markets cheered a surprise deal by OPEC to cut oil production for the first time in eight years.

Short-covering of bets with Thursday being the last session of September expiry in the derivatives segment kept the momentum on.

New Delhi, Sept. 28: Oil and Natural Gas Corporation (ONGC) has sought a review of the natural gas pricing formula as the prices are likely to go down to about $2.5 per million British thermal unit (mBtu) from October, hitting the revenues of the state-run explorer.

According to oil ministry estimates, prices can drop to $2.25-$2.50 per mBtu from $3.06 on gross calorific value (GCV) basis because of a slump in global prices.

New Delhi: Indian army conducted strikes across the Line of Control (LoC) against terrorist launch pads overnight on Wednesday inflicting heavy damage, the Indian army’s director general of military operations (DGMO) Ranbir Singh said on Thursday.

The Indian army action comes against the backdrop of rising tensions between India and Pakistan over cross-border terrorism across the de facto LoC border in Indian Kashmir in the past few weeks.

The National Stock Exchange (NSE) has extended its concession scheme – NSE MORE – in the transaction charges for the currency derivative segment till November 30.

Earlier, the scheme was available for a period of three months from July 1 to September 30.

The ongoing ad war between national carrier Air India and top low-cost carrier IndiGo is taking new turn everyday with both sides leaving no opportunity to take potshots at each other.

In the latest, Aditya Ghosh, President at InterGlobe Aviation that runs IndiGo, on Wednesday tweeted that his airline is the first to start an international flight from Chandigarh.

Coal India has been asked to pay up the arbitration award in a long-running case between the PSU major and Canadian Commercial Corp over a dispute relating to the construction of a coal extracting facility.

The coal behemoth had objected to the international arbitration award for payment of "substantial costs" arguing that it goes against Indian public policy.

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