Wall Street opens slightly lower as oil falls
U.S. stocks opened slightly lower on Tuesday as weak oil prices weighed on energy stocks amid fading hopes of a deal to limit oversupply.
Twitter Inc (TWTR.N) said on Monday it would lay off some employees and halt engineering work at one of its development centres in India's technology hub Bengaluru.
The layoffs will impact less than 20 employees at the development centre, according to a source familiar with the matter.
The employees were part of ZipDial, an Indian mobile communications startup bought by Twitter last year, the source said.
"Over the past 18 months, we have incorporated the technology and talent of our ZipDial acquisition across our company," said a company spokesperson.
Twitter said it remained committed to India as a strategic market and would continue to maintain a presence in the city.
The company had 3,860 employees globally as of June 2016. However, it did not disclose the number of employees it had in India.
(Editing by Sriraj Kalluvila and Shounak Dasgupta)
Indian shares closed at their lowest in nearly a month on Tuesday as a slump in European shares offset earlier gains after investors awarded the first U.S. presidential debate to Hillary Clinton over Donald Trump.
MUMBAI Economic Affairs Secretary Shaktikanta Das said the new six-member Monetary Policy Committee, which will set interest rates, will meet before the Reserve Bank of India's (RBI) policy review on Oct. 4 and give their recommendations.