Business and Economy

Preparations in full swing for Bengal Global Business Summit held on Feb 7 & 8

Kolkata, Jan 20: Preparations for the Bengal Global Business Summit (BGBS) 2019, scheduled for February 7 and 8 at the Biswa Bangla Convention Centre, New Town, are on in full swing. Bengal Global B...

Facebook testing 'LOL' app to woo kids, experts wary

New Delhi, Jan 19 (IANS) In a fresh attempt to woo children into joining its network and boost user growth, Facebook is testing a new hub called "LOL" that will let kids share and post humorous meme ...

'Speed Limit' feature on Google Maps expanding in US

San Francisco, Jan 19 (IANS) The "speed limit" feature on Google Maps that has been confined to only some parts of the US, seems to have expanded to new areas, a media report said. "One tipster fr...

Samsung files new patent application for 3D displays

San Francisco, Jan 19 (IANS) Samsung has filed a new patent application at the US Patent and Trademark Office for 3D displays that users may connect to their smartphones and tablets, media reported. ...

Google's censored China search engine project triggers protests

San Francisco, Jan 19 (IANS) Google's offices in the US, UK, Canada, India, Mexico, Chile, Argentina, Sweden, Switzerland, and Denmark witnessed renewed protests by human rights groups over its plan ...

Rythu Bandhu scheme part of national agenda of action: Telangana Governor

Hyderabad, Jan 19 (IANS) The Telangana government's Rythu Bandhu Scheme to provide investment support to every farmer has become part of national agenda of action, Governor E.S.L. Narasimhan said on ...

Facebook releases Messenger redesign on Android, iOS

San Francisco, Jan 19 (IANS) Facebook has redesigned its messaging app -- Messenger -- with a new interface and the update can be downloaded on both Android and iOS devices via Google Play and App St...

Mizoram urges Centre to cover 80% people under National Food Security Act

Aizawl, Jan 19 (IANS) Mizoram has urged the Centre government to raise the coverage from 64.73 per cent to at least 80 per cent of its 12 lakh population under the National Food Security Act (NFSA) i...

Microsoft to officially kill Windows phones

San Francisco, Jan 19 (IANS) Tech giant Microsoft has asked its users to switch to an Android or iOS device as it announced the end of support for Windows 10 Mobile. In an "End of Support" page, t...

BJP's claim bogus, UPA-1 growth rate best ever: Chidambaram

New Delhi, Jan 19 (IANS) Rubbishing the BJP's claim of higher growth rate as "bogus" and concocted by the Niti Aayog, former Finance Minister P. Chidambaram on Saturday said economic growth during th...

Jio added most subscribers in Nov 2018, followed by BSNL: TRAI

New Delhi, Jan 19 (IANS) Reliance Jio led the subscription race in November 2018 adding around 88.01 lakh subscribers across the country, the highest among all the telecom service providers. Data ...

Anil Ambani's son Anshul Ambani joins Reliance Group as management trainee

Mumbai, Jan 19 (IANS) Twenty-three-year-old Anshul Ambani, the youngest son of Anil Ambani, joined the Reliance Group last week, a statement said on Saturday. In the statement, the Reliance Group ...

'Google Photos' to get new features including suggested sharing

San Francisco, Jan 18 (IANS) The latest version of Google's photo sharing and storage service "Google Photos 4.8" that reached Android smartphones recently is expected to get more features like autom...

Mitsubishi alleges Ghosn received $8.9 mn in illegal payments

Tokyo, Jan 18 (IANS) Japanese automaker Mitsubishi on Friday alleged that ousted Nissan chairman Carlos Ghosn received $8.9 million in illegal payments from a Netherlands-based joint venture between ...

Samsung to launch Galaxy M10 for Rs 7,990, M20 for Rs 10,990

New Delhi, Jan 18 (IANS) Samsung will launch two industry-first Galaxy 'M' smartphones in the under Rs 10,000 price segment in India on January 28 that will be available on Amazon.in from March 5. ...

Huawei to roll out 'EMUI 9.0' in India from next week

New Delhi, Jan 18 (IANS) Chinese electronics giant Huawei on Friday announced that its Android Pie-based custom operating system (OS) -- EMUI 9.0 is rolling out on the "P20 Pro" and "Nova 3" smartpho...

India, Uzbekistan sign agreement on uranium import

Ahmedabad, Jan 18 (IANS) India and Uzbekistan signed an agreement on importing uranium from the Central Asian nation following a bilateral meeting between Prime Minister Narendra Modi and Uzbek Presi...

Himachal CM asks banks to help increase farmers' income

Shimla, Jan 18 (IANS) Himachal Pradesh Chief Minister Jai Ram Thakur on Friday said the banks should focus more to improve the investment credit by funding those schemes that helped in increasing the...

Hero Cycles to invest Rs 400 cr in hi-tech cycle valley

Chandigarh, Jan 18 (IANS) Leading brand in cycles, Hero Cycles, will invest around Rs 400 crore in the Hi-Tech Cycle Valley project in Punjab, Chief Minister Amarinder Singh said here on Friday. H...

Amazon's AWS launches service to automate data backups

San Francisco, Jan 18 (IANS) Retail giant Amazon's Cloud arm Amazon Web Services (AWS) has launched "Backup" -- a new feature which makes it easier for companies to backup their data using its Cloud ...

Sensex, Nifty ends flat; healthcare stocks fall 2%

Mumbai, Jan 18 (IANS) Mixed global cues, weakness in the Indian currency and heavy selling in the healthcare and finance stocks dragged the key equity indices on Friday, with Sensex and Nifty ending ...

BJP promises Budget 2019 will bring relief to farmers

New Delhi, Jan 18 (IANS) Rejecting the farm loan waiver as a permanent solution, the BJP on Friday said that the Centre will announce relief measures in Budget 2019 that will boost farmers economical...

Sun Pharma stocks plunge on revelation of whistleblower's complaint

Mumbai, Jan 18 (IANS) The stock of pharmaceutical major Sun Pharma ended up as the top loser on the BSE Sensex on Friday following reports of a complaint by a whistleblower to the Securities and Exch...

Doing business in India now easier, cheaper, faster, smarter: Modi

Gandhinagar, Jan 18: Prime Minister Narendra Modi on Friday said that his government had made doing business in India easier, cheaper, faster and smarter with his term accounting for almost 45 per c...

LG to launch phone with second screen add-on: Report

San Francisco, Jan 17 (IANS) South Korean electronics major LG Electronics is set to launch a smartphone with an option for a second screen attachment. The smartphone, whose name hasn't been final...

Iconic Moto Razr to make comeback in US

San Francisco, Jan 17 (IANS) The iconic Moto Razr phone is set to make a comeback as Lenovo Group Inc. has collaborated with American telecommunications giant Verizon Communications Inc. to begin sel...

Sri Lankan President signs 3 loan agreements with ADB

Manila, Jan 17 (IANS) Sri Lankan President Maithripala Sirisena signed on Thursday three loan agreements totalling $455 million with the Asian Development Bank (ADB) to fund projects in higher educat...

Modi arrives for Vibrant Gujarat Summit

Ahmedabad/Gandhinagar, Jan 17 (IANS) Prime Minister Narendra Modi on Thursday arrived in Gujarat capital for a three-day visit to his home state to throw open his pet biennial Vibrant Gujarat Global ...

6 more start-ups graduate from NetApp Excellerator Programme

Bengaluru, Jan 17 (IANS) Data storage and management company NetApp on Thursday announced the graduation of its third cohort of six start-ups as part of the NetApp Excellerator Programme. The prog...

Lenders considering restructuring plan for Jet Airways: SBI

New Delhi, Jan 17 (IANS) The State Bank of India (SBI) on Thursday said that lenders to the financially stressed Jet Airways are in talks for a restructuring plan to ensure long term viability of the...

Volkswagen to pay NGT-slapped Rs 100-cr fine

New Delhi, Jan 17 (IANS) Despite the National Green Tribunal (NGT) order asking Volkswagen group to pay Rs 100 crore for violating vehicular emission norms lying pending with the Supreme Court, the c...

Tax Exemption Limit Likely To Be Increased From Rs 2.5 Lakh To Rs 5 Lakh

New Delhi: Finance Minister Arun Jaitley is likely to increase the tax exemption limit from Rs 2.5 lakh to Rs 5 lakh in the interim budget on February 1. Sources in Finance Ministry told Cross T...

Microsoft's venture fund to invest in Indian startups

Bengaluru, Jan 16 (IANS) Microsoft on Wednesday announced that its corporate venture fund M12 will invest in Indian startups with a funding size of $2 million to $10 million. Rashmi Gopinath, part...

Indian equities end flat on May's Brexit defeat

Mumbai, Jan 16 (IANS) Broadly negative global cues, especially owing to the political uncertainty in the UK, subdued the Indian equity market on Wednesday. Both major indices -- Sensex and Nifty50 --...

OPPO could showcase 10x zoom lens for smartphones in Feb

San Francisco, Jan 16 (IANS) Chinese handset maker OPPO has confirmed that it is working on a 10x zoom lens smartphone camera system with optical image stabilisation, the media reported. The techn...

PCBL to select site for south India plant by March, net profit up 92% in Q3

Kolkata, Jan 16 (IANS) RP-Sanjiv Goenka Group's Phillips Carbon Black Ltd (PCBL) will freeze the location of its proposed Rs 600-crore Greenfield project in south India by March, an official said on ...

Cabinet okays Rs 22,594 cr for tripling Numaligarh Refinery capacity

New Delhi, Jan 16 (IANS) The government on Wednesday approved tripling the capacity of Numaligarh Refinery in Assam and setting up of oil and product pipelines at a cost of Rs 22,594 crore, so as to ...

Honor 10 Lite with dewdrop notch display in India

New Delhi, Jan 15 (IANS) Huawei's sub-brand Honor on Tuesday launched the Honor 10 Lite with its home-grown Kirin 710 processor and a dewdrop notch display in India at a starting price of Rs 13,999. ...

Global smartphone market to shrink in 2019

Seoul, Jan 15 (IANS) The global smartphone market is expected to shrink further in 2019 due to weaker demand and other unfavourable factors, a report said on Tuesday. Global smartphone production ...

Stop merger of public sector banks: CPI-M

New Delhi, Jan 15 (IANS) The CPI-M on Tuesday urged the government to stop the merger of three nationalized banks, saying it will weaken all three post unification. The CPI-M said it was "deeply c...

Jaitley in US for medical chek-up

New Delhi, Jan 15 (IANS) Finance Minister Arun Jaitley has gone to the US for what is believed to be a medical check-up relating to his kidney ailment. Jaitley, 66, who had undergone a renal trans...

Equities up on rate cut hopes, positive Asian market cues

Mumbai, Jan 15 (IANS) Expectations of an interest rate cut in the monetary policy over lower monthly inflation combined with a rebound in Asian markets gave a push to the Indian equity market on Tues...

Government open to review GST in education sector: Shiv Pratap Shukla

New Delhi, Jan 15 (IANS) Minister of State for Finance Shiv Pratap Shukla on Tuesday said the government is open to reconsider the Goods and Services Tax (GST) rates on certain components in the educ...

Leverage technology, AI to boost flying ecosystem: Suresh Prabhu

Mumbai, Jan 15 (IANS) Stressing the importance of Artificial Intelligence and Big Data, Civil Aviation Minister Suresh Prabhu stressed here on Tuesday the need to leverage these modern technologies t...

Equity indices open higher

Mumbai, Jan 15: Despite negative global cues, major Indian equity indices opened higher on Tuesday owing to the gains in the financials. Data showed in the after market hours on Monday that retail...

Equity indices open in red, Sensex down 170 points

Mumbai, Jan 14: The key Indian equity indices opened in the negative territory on Monday with the S&P BSE Sensex losing over 170 points. All the sectoral indices on the BSE traded in the red excep...

India's December wholesale inflation eases to 3.80%

New Delhi, Jan 14: India's annual rate of inflation based on wholesale prices eased to 3.80 per cent in December 2018 from 4.64 per cent in November, official data showed here on Monday. However, ...