Twitter CEO Jack Dorsey on Friday morning announced that he is giving roughly one-third of his Twitter stock to the company’s employees equity pool – the amount totals $200 million.

He tweeted, “I’m giving ~1/3rd of my Twitter stock (exactly 1% of the company) to our employee equity pool to reinvest directly in our people.”

The Reliance Group on Thursday said it will make fresh investments of up to Rs 46,000 crore in diverse range of sectors like defence, information technology, electronics and energy in Madhya Pradesh.

According to an official release, the announcement for fresh investments came after Reliance Group’s chairman Anil Ambani met Madhya Pradesh Chief Minister Shivraj Singh Chouhan.

Wipro share price declined 1.57 per cent in morning trade on Friday after the company for the third quarter of the fiscal gave a muted revenue growth guidance in the range of 0.5-2.5% in dollar terms. The IT major attributed this conservative guidance to larger number of holidays during the third quarter and the continued weakness in the energy vertical.

At 11.49 am, share price of Wipro was down 1.57 per cent at Rs 568.85. Sensex was trading 221.25 points up at Rs 27,508.91 during the same time.

NEW DELHI: Some food processing companies now brand their products as 'adulterant free' and 'toxic metal free', and work with farmers to ensure quality raw material, to differentiate themselves amid increasing consumer awareness and safety concerns.

LT Foods that sells Dawat brand of rice, for example, will market its soon-to-be-launched atta (flour) brand as toxic metal free. "We will be launching our atta under the Devaaya brand. It will be branded as lead free and will resonate our company's philosophy of selling safe produce," said Vivek Chandra, chief executive officer for global branded business at LT Foods.

STOCKHOLM: STOCKHOLM: Sweden's Volvo forecast another year of growth in the European heavy-duty truck market but slowing or flat sales in most other major markets next year, while sweeping cost cuts drove a bigger than expected rise in third-quarter core profit.

Volvo, a rival of German Daimler and Volkswagen's truck brands, said the European market was seen growing to 275,000 trucks in 2016 from an expected 265,000 this year, the highest level since before the 2008 FINANCIAL crisis.

NEW DELHI: Air India has for the first time approached states directly with an offer to provide connectivity to these regions with smaller aircraft available with its subsidiary Alliance Air, a move it hopes will fetch higher revenues.

Air India CMD Ashwini Lohani has written to all state governments offering Alliance Air aircraft for providing regional connectivity under the viability gap funding model.

Instagram unveiled a new feature allowing users to post one-second video "loops" in an effort to keep up with rivals offering animated images.

"Boomerang" is a new video application "that lets you turn everyday moments into something fun and unexpected," the Facebook-owned picture-sharing network said in a blog post.

Ideal Cellular has dipped 6% to Rs 143 on the BSE in otherwise firm market after the company’s July-September quarter (Q2) consolidated revenues slid 1.2% quarter-on-quarter (QoQ) to Rs 8,690 crore led by a fall in voice pricing and voice minutes of use due to an increasing rural subscriber base and seasonal effects.

Earnings before interest, tax, depreciation and amortization (EBITDA) margins declined 150bps QoQ to 35.2%. Net profit too declined 13.1% sequentially at Rs 809 crore, but it's better than analyst expectation of Rs 787 crore.

Telecom operator Reliance Communications is planning to roll out a third generation (3G) intra-circle roaming (ICR)-like agreement to continue 2G service in Bihar, West Bengal and Assam after its right to use 2G spectrum expires in December.

"RCom already has existing and valid ICR agreements with other telecom operators, predominantly Tata Teleservices and Aircel, to offer 2G global system for mobile (GSM) services to its customers in these three circles," a source privy to the development said.

One of India’s greatest opening batsmen Virender Sehwag announced on Tuesday that he will be retiring from all forms of international cricket and Indian Premier League (IPL).

Sehwag, celebrating 37th birthday today, had already hinted about his imminent retirement at a function in Dubai yesterday and he took barely a few hours to make it official.

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