Microsoft Corp, the world’s largest software company, plans to announce a new round of layoffs as early as Wednesday as it tries to cut costs further, the New York Times reported.

The latest job cuts are in addition to the 18,000 jobs Microsoft said it planned to cut a year ago, the newspaper said, citing sources familiar with the matter.

The project is already under construction. The data center will consist of three 250,000-square-foot buildings sprawled across the 111-acre site. When the Fort Worth data center comes online in late 2016, it will be 100% powered by 200 megawatts of wind energy and cooled using outdoor air instead of air conditioners.

In a post, Ken Patchett, Facebook’s Director of Data Center Operations stated that the project has been undertaken to bolster Facebook’s growing global infrastructure, be it Facebook on desktop and mobile or Internet.org., reports Mashable.

Shares of YES Bank have dipped 7% to Rs 800 on the NSE after foreign brokerage UBS downgraded the private sector lender to ‘Sell’ with a price target of Rs 740.

The stock hit a low of Rs 795 so far and has seen a combined 7.02 million shares changing hands on the counter on the NSE and BSE till 1253 hours.

When I was listening to Pharrell and Justin Timberlake (assumedly stoned out of their minds) ramble about the meaning of art with Cara Delevigne on Beats 1 over the weekend, I came to the sudden realization that the product that I had been listening to was the future of Twitter.

Apple Music is far from the most intuitive product Apple has pushed out, but the features they’ve finessed that emphasize discovery and live curated content are exactly what Twitter has been missing.

The benchmark BSE Sensex cracked the 28,000-mark by tumbling 500 points today on across-the-board selling by participants, tracking more heavy losses in Shanghai and on fears about Greece’s future in the Eurozone.

At 11:56 am, BSE Sensex trades 485.89 points down to 27,685.80. NSE Nifty sinks 143.00 points down at 8,367.80.

Infosys on Wednesday said it has won a multi-year outsourcing contract from Deutsche Bank.

“Deutsche Bank is committed to applying innovative technology to enhance its efficiency and service to clients. Working with Infosys will help the bank to achieve these goals,” Kim Hammonds, Global Chief Information Officer, Deutsche Bank said in a statement.

ICICI Bank, the country’s largest private sector lender, has charted out an ambitious plan to grow its mobile banking transactions by up to 500 per cent by the end of this financial year.

According to Reserve Bank of India (RBI) data, in FY15, transactions worth Rs 16,000 crore were recorded via the bank’s mobile banking platform. Rajiv Sabharwal, executive director, ICICI Bank, explained the lender is optimistic about the growth plans, considering that in the first three months, the volume of transactions recorded on the mobile banking platform was equal to what the bank had recorded in the last financial year.

Dependence on coal imports will reduce to up to eight per cent only if Coal India (CIL) meets the production of 1,000 million tonnes (mt) by 2020 and if auctioned coal mines are able to achieve their peak capacity in a timely manner, says an ICRA survey.

“Measures are taken by CIL to double output to 1,000 mt by 2020. If CIL is able to sustain seven per cent annual growth in production during FY16 till FY20 and both the schedule II and schedule III coal mines are able to achieve their peak-rated capacity in a timely manner.

Maruti Suzuki is not only the country’s largest passenger vehicle company. If you go by volumes of pre-owned cars sold, it occupies the third slot in the passenger vehicle industry. Maruti’s pre-owned or used car business has grown to a record 358,000 units (in 2014-15).

The sheer volume of units sold, makes True Value (Maruti’s pre-owned car business) the third-largest domestic passenger vehicle seller (irrespective of new or old) after Maruti (at 1.17 million) and Hyundai Motor (at 420,000).

Uncertainty over Greece, as well as the rest of the euro zone, has prompted State Bank of India (SBI), the country's largest lender, to delay plans for a $1.5-billion bond offering.

Confirming the move, a senior SBI official said the bank was waiting for stability to return to the market. "At present, there is uncertainty over pricing issues," he said.

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