BENGALURU: Chief operating officer and board member of Larsen & Toubro Infotech Chandrashekar Kakal has quit the company.

Kakal’s exit comes at a time when the privately-held technology arm of Larsen and Toubro is looking to build a team of senior executives before it goes public next year.

The recent restructuring of Google sort of led to a wave of shock across the globe. Google is now the largest subsidiary corporation of Alphabet, the newly established holding company that manages Google and all of the company’s side projects.

Let alone everything else, the website abc.xyz has specifically been creating a lot of buzz owing to its cool and crisp factor. But did you know the reason behind naming the website abc.xyz instead of alphabet.com? It’s because latter has already been taken by BMW-owned fleet management service.

Twitter has finally removed the 140-character limit from direct messages. The company has began rolling out this change across its Android and iOS apps, on twitter.com,TweetDeck, and Twitter for Mac. It will continue to roll out worldwide over the next few weeks. To get access to direct messages that have no characters limit, people need to upgrade the latest versions of the company’s apps.

Banking stocks gained on Thursday as record low retail inflation stoked rate cut hopes in the upcoming monetary policy review in late September.

Share price of public sector banks such as State Bank of India (SBI), Bank of Baroda and Punjab National Bank were up over 2 per cent in the early trade. Private lenders ICICI Bank, Federal Bank, Axis Bank and HDFC Bank also gained over 1 per cent.

Nucleus Software Exports shares gained over 14 per cent in the afternoon trade on the Bombay Stock Exchange (BSE) after the company announced tie-up with Microsoft to deliver cloud-based lending solution globally.

At 12.38 pm, the share price of the company was trading 14.98 per cent higher at Rs 294. It opened at Rs 259.80 and had touched a high and low of Rs 298.80 and 256.70, in trade so far.

KOLKATA: NTPC has invited global bids for its 100 mw (10x10 mw) solar capacity project in Uttar Pradesh under the National Solar Mission, a project that equipment supplier has been eyeing since March.

In UP, the state government has joined hands with NTPC to develop a 375 mw solar power park in Jalon district at an estimated cost of Rs 3,000 crore. The state government plans to hand over about 750 hectares to NTPC on a nominal rent for developing the solar park in a phased manner.

NEW DELHI: Oil producers usually prefer to bake the Earth for profit. But ONGC is bucking that trend by using some of its profit to nurse the ground and clean up key sources of water in the Himalayas.

The flagship explorer has joined four expeditions launched by the Indian Mountaineering Foundation, the apex mountaineering body, to take PM Narendra Modi's 'Swatchh Bharat' campaign to Himalayan heights - literally.

In a relief for Nestle India and Maggi lovers, the Bombay High Court has lifted the ban imposed on the sale of Maggi noodles for six weeks.

However, this is conditional to fresh tests conducted on all the recalled variants of Maggi noodles by three pre-approved laboratories. The High Court has allowed Nestle India to send five samples of each variant of the noodles for fresh testing to three labs in Punjab, Hyderabad and Jaipur.

Maruti Suzuki is set to relaunch the diesel variant of its Ciaz sedan in the second half of this month. The facelifted sedan will come with additional features and is based on a hybrid technology. It will use kinetic energy from rolling wheels to charge the battery and offer better mileage.

This is Maruti’s first experiment with hybrid technology. The relaunch is happening about 10 months after launch of the Ciaz last October. Maruti dispatched only 2,099 cars in the domestic market last month. Maruti has been selling about 4,000 Ciaz sedans to dealers a month, with sales crossing 6,000 in a couple of months.

Shares of mobile service providers gained after the government permitted spectrum sharing between a move that could resolve the issue of call drops and improve efficiency in their respective telecom circles.

With spectrun sharing mobile service providers will now be able to share their spare spectrum with other services in the same circle in the same band.

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