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Mumbai, July 16 : A benchmark index of Indian equities markets tumbled 230 points Tuesday due to heavy selling pressure in banking and realty stocks after the Reserve Bank of India announced harsh measures to control the rupee's slide.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the negative at 19,788.09 points, was trading at 19,803.86 points in the afternoon session, down 1.15 percent or 230.62 points from its previous day close at 20,034.48 points.

The Sensex touched a high of 19,827.15 points and low of 19,649.58 points in the intra-day.

Beijing, July 16 : China's leading search engine, Baidu, Inc. announced Tuesday that it will buy all equity interests in smartphone apps distributor 91 Wireless Websoft from NetDragon for a record $1.9 billion.

The move, which is Baidu's latest effort to diversify beyond its core search engine business, is set to mark China's biggest merger and acquisition (M&A) in the Internet market after Yahoo's $1 billion deal with Alibaba in 2005, reported Xinhua.

According to the MOU, Baidu will purchase the entire issued share capital of 91 Wireless for a total of $1.9 billion.

Elon Musk, the billionaire chairman and chief executive officer of electric-vehicle maker Tesla Motors, has said that he will release anew new mass transit method on 12 August, 2013 that will revolutionize the entire mass transit industry.

Technology giant, Apple has said that it would launch an investigation into reports that a woman in China was electrocuted while she was using an iPhone device while it was recharging.

Software giant, Microsoft has cut the price of its Surface RT tablets by $150 following a major restructuring at the company, in a move to revive sales of the tablet com[puter inte h highly competitive market.

American telecom giant, AT&T has announced the launch of a new program for customers allowing them to pay monthly instalments for their smartphone and also allows them to upgrade to a smartphone or tablet.

The new programme called AT&T Next comes following the introduction of T-Mobile's Jump early upgrade program in the previous week. T-Mobile CEO John Legere had spoken about transforming the smartphone industry and the industry has taken notice of the innovative ways to attract customers in the competitive market.