Reliance Dislodges TCS to Become India’s Most Valuable Company With Reliance Industries’ stock price hitting an all-time high of Rs. 1,179 on BSE earlier today, the conglomerate has gone past Tata Consultancy Services (TCS) to become the most valuable company in India. The Mukesh Ambani-led company is now said to be worth Rs. 7.41 lakh crore as opposed to TCS’ market-cap of Rs. 7.39 lakh crore. The company’s stock has gained around 28 percent this year on the back of strong growth in the petrochemical, retail and telecom sectors....

Samsung Revenues Decline, Profits Stagnate on Below Par Galaxy S9 Sales SamsungElectronics on Tuesdayreported0.1 percent dip in its second quarter net profit from a year earlier amid slower sales of its Galaxy S9 andS9 Plussmartphones. The company posted an operating profit of 14.87 trillion won ($13.4bn) in the April-June period, down 5.4 percent from the record 15.64 trillion won the company earned in the previous quarter. The results mark the company’s the first quarterly decline in operating profit after several quarters of record growth....

Snapchat Partners with NBC to Expand Into English Premier League Content Audio-video sharing platform Snapchat has struck deals with the National Football League (NFL) and NBC Sports Group to offer more sports programming to its users. In its deal with NBC, the company would team up on “Premier League: Extra Time”, which is a weekly show that recaps UK’s top-tier soccer or football matches. “Each Monday throughout the Premier League season, the show will bring snapchatters in the US a recap of the weekend’s top action and standout storylines, while also spotlighting the super fans that make the league one of the most popular in the world,”NBC Group wrote in a blog post late on Monday....

TRAI Chief Getting Swamped With Aadhaar Authentication OTP Requests After Twitter Blunder A few days afterhe revealed his Aadhaar numberon Twitterin a misguided attemptto show the safety and efficacy of the controversial ID system, TRAI Chairman RS Sharma took to the micro-blogging platform to complain about trolls who are apparently using his number to generate an insane amount of (failed) Aadhaar Authentication OTP requests that are fast draining his phone battery....

Twitter Ropes in Academics to Tackle Hate Speech, Harassment In line with its efforts to curb abuse and harassment of users on its platform, Twitter has now selected two research projects that aim to develop metrics to measure the “health” of public conversation.“An update! We’ve selected 2 partners from 230 idea submissions. Our first goal is working to measure the ‘health’ of public conversation, and that measurement be open and defined by third parties (not by us),”Twitter CEO Jack Dorsey said in a tweet on Monday....

Uber Shuts Down Self-Driving Truck Project; Will Focus on Autonomous Cars Global cab-hailing platform Uber has stopped developingself-driving trucksas the programme was no longer competitive in the freight shipping industry, the company announced. Uber said on Monday that it wants to refocus on the self-driving car programme, which was halted following a crash in which a Uber autonomous car killed a pedestrian in Arizona in March, reports Xinhua news agency....

UPI 2.0 to Arrive in August But Without Recurring Payments Feature The upgraded version of National Payments Corporation of India’s real-time payment system, the Unified Payments Interface (UPI), will debut in August. Sources familiar with the knowledge of the new developments have revealed that the next version of UPI, dubbedUPI 2.0, will be up and ready by mid-August and will come with multiple new features. With UPI transactions growing by over1,000%on a YoY basis, banking institutions have been eagerly anticipating the arrival of UPI’s upgraded version to give another major push to digital payments in the country, and as per the new reports, their wait will finally come to an end two weeks from now....