Business and Economy

Jio furthers its commitment to reduce gender gap in digital adoption

Mumbai, 15 July 2019: Jio, the world’s largest mobile data network, has today announced that it has partnered with GSMA’s Connected Women Initiative to bridge the gender gap in digital adoption and d...

TECNO's flagship Phantom 9 debuts on Flipkart at Rs 14,999

New Delhi, July 16 (IANS) Hong Kong-based Transsion Holdings' smartphone brand TECNO Mobile on Tuesday said its flagship smartphone Phantom 9 will be available on Flipkart starting July 17. Priced...

Yes Bank logs sharp gains, ends 12% higher

Mumbai, July 16 (IANS) Private lender, Yes Bank on Tuesday logged sharp gain on the BSE over reports that the company is set to get capital infusion from a US-based private equity investor, however, ...

OPPO appoints Sumit Walia as VP product, marketing in India

New Delhi, July 16 (IANS) Aiming to strengthen its product offering and build stronger connect with the Indian consumers, Chinese handset maker OPPO on Tuesday announced Sumit Walia as its Vice Presi...

Laughing with tears of joy most-used emoji in India

New Delhi, July 16 (IANS) Love laughing with tears of joy and blowing kisses with your emoticons? Well, so do most Indians on various social media platforms like WhatsApp, Facebook and dating apps, a...

Sensex up 200 pts, Nifty above 11,650

Mumbai, July 16 (IANS) Sensex was trading over 200 points during the afternoon session of the trade on Tuesday, after openning higher. Buying was seen across sectors except IT. The IT index was...

Amazon Alexa may come to Windows 10's lock screen

San Francisco, July 16 (IANS) Tech giant Microsoft would allow Amazon's voice assistant Alexa to activate on the lock screen in the next update to Windows 10. Microsoft's new update follows change...

Tight liquidity dents June PV retail sales: FADA

New Delhi, July 16 (IANS) Tight liquidity conditions, along with a delay in Monsoon, dented consumer sentiment and dragged passenger vehicle (PV) retail sales lower by 4.6 per cent on a year-on-year ...

Google's 'Internet Saathis' now cover 2.6 lakh Indian villages

New Delhi, July 16 (IANS) Google Indias ‘Internet Saathi programme aimed to empower rural women how to use the Internet has now added two more states -- Punjab and Odisha -- thus reaching 2.6 lakh vi...

Qlik appoints Ankur Goel as MD for India

New Delhi, July 16 (IANS) Data analytics and business intelligence platform Qlik on Tuesday announced the appointment of Ankur Goel as its Managing Director for India. "Data is the one link that c...

IGE says Gangwal limited his financial risks in IndiGo

New Delhi, July 14 (IANS) InterGlobe Enterprises (IGE), a promoter of IndiGo, said on Sunday that Rakesh Gangwal has always limited his financial risk in the airline and also alleged that he pushed f...

Delhi Metro's Magenta Line services disrupted

New Delhi, July 14 (IANS) The Delhi Metro's Magenta Line on Sunday faced a technical glitch leading to disruption of train services and leaving many commuters stranded in stations for over 20 minutes...

Pakistan imported medicines worth Rs 136 cr from India in 2019

Islamabad, July 14 (IANS) Pakistan imported medicines and vaccines worth (Pakistani) Rs 136,99,87,000 from India in 2019, its Health Ministry has said. Express News reported that the imported medi...

Allahabad Bank defrauded of Rs 17,775 cr by Bhushan Power & Steel

Mumbai, July 13 (IANS) After Punjab National Bank, Allahabad Bank on Saturday said that it has been defrauded by Bhushan Power & Steel Ltd (BPSL) to the tune of Rs 1,774.82 crore. The bank said in...

16 mn accounts of Indian Instagram influencers fake: Study

New Delhi, July 13 (IANS) A whopping 16 million accounts of Indian influencers on Facebook-owned Instagram are fake, revealed a new study, suggesting such people are artificially boosting "vanity met...

Odisha CM seeks direct flight between Bhubaneswar-Dubai

Bhubaneswar, July 13 (IANS) Odisha Chief Minister Naveen Patnaik has requested the Union Civil Aviation Ministry to introduce direct flight from Bhubaneswar to Dubai to meet growing demand of people ...

Group of Ministers formed to examine Goa mining revival: CM

Panaji, July 13 (IANS) A Group of Ministers (GoM) has been formed to examine vexed issue of mining in Goa, Chief Minister Pramod Sawant told reporters late on Friday. The GoM includes Union Minist...

Infosys net up 5.1% yearly, down 6.8% quarterly

Bengaluru, July 13 (IANS) Global software major Infosys on Friday reported Rs 3,798-crore consolidated net profit for the first quarter (Q1) of fiscal 2019-20, registering 5.1 per cent annual growth ...

US stocks trade higher amid rate cut optimism

New York, July 13 (IANS) US stocks traded higher on Friday, as Wall Street was buoyed by the two-day monetary policy testimony of the US Federal Reserve's chairman, which opened the door wider for po...

No change in dividend distribution tax

New Delhi, July 12 (IANS) Finance Secretary Subhash Chandra Garg on Friday ruled out any change in the dividend distribution tax, but expressed flexibility that grandfathering tax on buybacks can be ...

India's factory output growth eases in May

New Delhi, July 12 (IANS) India's factory output growth eased in May 2019 as it rose by 3.1 per cent from a revised growth of 4.32 per cent reported for April 2019, official data showed on Friday. ...

ITC eyeing strategic acquisitions in FMCG business

Kolkata, July 12 (IANS) Diversified conglomerate ITC Ltd is engaging with and investing in start-ups while looking at strategic opportunities for acquisitions to accelerate growth in the FMCG busines...

Infosys net up 5.1% yearly, down 6.8% quarterly

Bengaluru, July 12 (IANS) Global software major Infosys on Friday reported Rs 3,798-crore consolidated net profit for the first quarter (Q1) of fiscal 2019-20, registering 5.1 per cent annual growth ...

India's factory output growth eases in May

New Delhi, July 12 (IANS) India's factory output growth eased in May 2019 as it rose by 3.1 per cent from a revised growth of 4.32 per cent reported for April, 2019, official data showed on Friday.

Higher food prices lift India's June retail inflation to 3.18%

New Delhi, July 12 (IANS) Higher food prices accelerated India's June retail inflation to 3.18 per cent from 3.05 per cent in May, official data showed on Friday. However, on a year-on-year (YoY) ...

Special water train reaches Chennai from Vellore

Chennai, July 12 (IANS) In an effort to meet the water requirements of a parched Chennai, a special 50 wagon train carrying water from Tamil Nadu's Vellore district reached the state capital on Frida...

Start work on Delhi Metro IV, orders SC

New Delhi, July 12 (IANS) The Supreme Court on Friday directed authorities to start work on Delhi Metro's 104-km Phase-IV project which had been hit by a feud between the Centre and the Delhi governm...

Air China places $6.5bn order for 20 Airbus planes

Beijing, July 12 (IANS) China's flag carrier has struck a sale agreement for 20 Airbus aircraft at a cost of around $6.54 billion, the company said on Friday. In an announcement sent to the Hong K...

ED attaches Rs 24.77 cr of properties of Choksi

New Delhi, July 11 (IANS) The Enforcement Directorate (ED) attached immovable properties, valuables, vehicles and bank accounts with a total value of Rs 24.77 crore of fugitive diamond trader Mehul C...

KRAS bags $100 mn order for 1,000 Barak missiles

Hyderabad, July 11 (IANS) Kalyani Rafael Advanced Systems (KRAS) on Thursday received a $100 million contract from top Israeli arms firm Rafael to supply 1,000 Barak-8 MRSAM missile kits for the Indi...

Sensex ends 266 points higher on Fed's dovish comments

Mumbai, July 11 (IANS) Indian equity markets edged higher on Thursday as US Federal Reserve's dovish comments helped ease the negative sentiments owing to disappointment over the Union Budget. Sen...

RInfra lenders sign pact for debt resolution

Mumbai, July 11 (IANS) The Reliance Infrastructure Ltd (RInfra) on Thursday said that its 16 lenders have signed the Inter-Creditor Agreement (ICA) for resolution of the company's debt. The compan...

Railways plan to execute 491 projects in northeast

Agartala, July 11 (IANS) The Railway Ministry will execute 491 projects in seven northeastern states at a cost of Rs 6.48 lakh crore, Lok Sabha member from Tripura Pratima Bhowmik said on Thursday qu...

'WhatsApp messages can be traced without diluting encryption'

New Delhi, July 11 (IANS) With India pressing for traceability of WhatsApp messages to check the spread of fake news, a member of the National Security Advisory Board (NSAB) has stressed that the iss...

Uttarakhand fuel hike move comes under fire, Congress urges review

Dehradun, July 11 (IANS) In a move that has come under fire from all quarters, the Uttarakhand cabinet has also decided to increase the prices of petrol by Rs 2.5 per litre, and of diesel by Rs 1, fo...

Google Maps to now give Indian users dining offers

New Delhi, July 11 (IANS) Google Maps on Thursday introduced three new features for Indian users to help them discover local experiences and get recommendations that are personalised for better dinin...

17K Walmart Chile workers walk off the job after talks fall apart

Santiago, July 11 (IANS) Some 17,000 Walmart Chile workers walked off the job on Wednesday after collective bargaining negotiations with the retailer collapsed, union officials said. The strike wi...

For 'monetary consideration,' top officials granted bulk gun licences in J&K

New Delhi, July 11: After a series of raids in Jammu and adjoining districts on Tuesday, the sleuths of Central Bureau of Investigation are close to laying their hands on the biggest gun-running rac...

Sensex ends 174 points lower, Indigo loses 10%

Mumbai, July 10 (IANS) Sensex and Nifty ended lower after the weak auto sales figures and surging oil prices dampened investor sentiments on Wednesday. The Sensex closed 173.78 points or 0.45 per ...

SL to implement free visa on arrival for 39 countries

Colombo, July 10 (IANS) Sri Lanka is likely to launch its free visa on arrival programme for citizens of 39 countries and regions, excluding India and China, starting on August 1 in a bid to attract ...

Delhi's Connaught Place world's 9th most expensive office area

New Delhi, July 10 (IANS) The Connaught Place area of the national capital retained its tag of the ninth most expensive office space during the January-March period of 2019 with an average occupancy ...

Centre focuses on health, agriculture, infra in NE

Agartala, July 10 (IANS) Development of North Eastern Region Ministry (DoNER) is taking steps on a war-footing to develop five basic sectors including health, education and agriculture, in 14 distric...

Samsung VC arm invests $8.5 mn in 4 Indian start-ups

New Delhi, July 10 (IANS) Samsung Venture Investment Corporation (SVIC), the venture capital arm of Samsung, on Wednesday announced its maiden investments in India, totaling $8.5 million (nearly Rs 6...