Cortana is set to fly the friendly skies thanks to a new partnership between Microsoft and Boeing, bring the Microsoft intelligent assistant closer still to the domain of its namesake. Microsoft and Boeing announced a partnership today to move Boeing’s suite of digital aviation offerings over to Azure, and the end result is that said servers are going to begin to get smarter, according to Microsoft.

CityPilot has taken a key early step towards fully autonomous public transportation: The Mercedes-Benz self-driving bus program saw one of its Future Bus vehicles drive 20 km (or around 12.4 miles) in the Netherlands, on a route that connected Amsterdam’s Schiphol airport with the nearby town of Haarlem. To make the trip, the bus had to stop at traffic lights, pass through tunnels, and navigate among pedestrians.

Bengaluru: Infosys Ltd has appointed new heads for its merger and acquisitions (M&A) division and its cloud, infrastructure and security (CIS) arm.

Deepak Padaki will now head M&A for Infosys, replacing Ritika Suri, who has been tasked by chief executive officer Vishal Sikka to head large deals programmes at the company.

HDFC pack including Housing Development Finance Corporation, HDFC Bank and Gruh Finance shares hit their fresh 52-week high of Rs 1,386.40, Rs 1,238.50 and Rs 306.40, respectively, on Monday despite benchmark indices ended the day in red. Gruh Finance is a subsidiary of HDFC.

In the National Stock Exchange, Hero MotoCorp, Indian Oil Corporation, Hindalco Industries, Godrej Industries, Finolex Cables, Lakshmi Vilas Bank, LIC Housing Finance and Kesoram Industries stood among the 72 stocks which hit their fresh 52-week high on Monday.

Bharti Airtel and Idea Cellular shares slumped after the telecom majors announced cut in their data tariffs, contributing to the stock markets fall with the BSE Telecom index plunging 3.23 per cent on Monday.

Idea Cellular shares closed 6.52 per cent down at Rs 103.90. The scrip opened at Rs 112 and touched its high and low of 112.70 and Rs 102.75, respectively.

Rating agency Moody's today said Yes Bank's baseline credit assessment (BCA) of "Ba1" reflects potential weaknesses in funding and liquidity profile.

The private sector lender has maintained an adequate loans to customer deposit ratio of 95% at end-March 2016. But higher reliance on corporate deposits relative to its peers creates risks in volatile markets.

MUMBAI: The sensex recovered by 147 points in early trade on Monday on sustained buying by foreign funds and retail investors after Reliance Industries reported better-than-expected earnings and exports rose 1.27 per cent in June.

Moreover, good progress in monsoon and mixed Asian markets influenced trading sentiments here.

New Delhi: At least 15 companies, including Wipro Ltd, Infosys Ltd and International Business Machines Corp. have shown an interest in handling the back end operations of India Post Payments Bank (IPPB).

All of these companies have responded to a request for proposal (RFP) released by the department of posts on 1 July on its website, a person with direct knowledge of the matter said.

Air India has approached the government asking it to guarantee non-convertible debentures (NCD) worth `10,500 crore that it wants to issue against long-terms debt on its books. Converting loans into NCDs would bring down the interest rate by about 2%, senior executives at the airline explained. The country’s national carrier also plans to use the proceeds from a sale and lease back of wide-bodied aircraft to retire Rs ,500 crore or about a fifth of its short-term debt.

Axis Bank shares gained as much as 1.76 per cent in the early trade on Monday and touched their highest level since August 11, 2015. The scrip gained after the Reserve Bank of India on Friday increased limit for foreign shareholding in the third-biggest private sector lender to up to 74 per cent from 62 per cent earlier.

At 10.39 am, shares of Axis Bank were trading 1.52 per cent up at Rs 573.35. The scrip opened at Rs 571.80 and has touched a high and low of Rs 574.70 and Rs 569, respectively, in trade so far.

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