Business and Economy

Saturday, February 23, 2019BJP youth activists held for trying to forcibly enter Eden Gardens

Kolkata, Feb 23 (IANS) Activists of Bharatiya Janata Party's youth wing were arrested on Saturday for trying to forcibly enter the Eden Gardens here to demand pictures of Pakistan's World Cup winning captain and current Prime Minister Imran Khan and other Pakistani cricketers be removed in wake of the Pulwama terror attack.

"Sixty Bharatiya Janata Yuva Morcha (BJYM) supporters, who wanted to f


Saturday, February 23, 2019Cuevas, Auger-Aliassime, Bedene & Djere advance to Rio Open semis

Rio de Janeiro, Feb 23 (IANS) Pablo Cuevas of Uruguay (ranked 63), Canada's Felix Auger-Aliassime (104), Aljaz Bedene of Slovenia and Serbia's Laslo Djere (90) have advanced to the Rio Open semifinals.

Cuevas, winner of the 2016 tournament, will face Auger-Aliassime, an 18-year-old emerging Canadian star, and Bedene will play Djere in the semifinals, reports Efe news.

Cuevas reached the nex


Saturday, February 23, 2019Apurvi wins gold at shooting World Cup

New Delhi, Feb 23 (IANS) Apurvi Chandela won the first gold for India at the ISSF World Cup by finishing on top of the women's 10 metre Air Rifle category here on Saturday.

Apurvi also set a new world record with 252.9 points on the way to the title.

The Chinese took home both the silver and bronze medals.

Zhao Ruozhu finished second with 251.8 points while her compatriot Xu Hong had to


Saturday, February 23, 2019P.V. Sindhu flies in HAL's Tejas in Bengaluru

Bengaluru, Feb 23 (IANS) India's ace badminton player P.V. Sindhu on Saturday flew in homegrown Light Combat Aircraft (LCA) Tejas at the Aero India air show being held in Bengaluru.

"The flight was a wonderful experience. The captain performed various maneouvers, including a loop," Sindhu told the media after the sortie which lasted for about 40 minutes.

The combat jet's trainer version was


Saturday, February 23, 2019Umtiti ready to start for Barca against Sevilla

Barcelona, Feb 23 (IANS) FC Barcelona coach Ernesto Valverde has said that defender Samuel Umtiti, absent for most of the season due to injury, is fit enough to start against Sevilla.

Since injuring his knee in September, the Frenchman has appeared in just eight matches in all competitions, reports Efe news.

"We think he (Umtiti) is ready to start. (Clement) Lenglet is in danger of s uspens


Saturday, February 23, 2019Sachin Tendulkar biopic on Anil Kapoor's mind

Mumbai, Feb 23 (IANS) Actor Anil Kapoor wants to star in cricket legend Sachin Tendulkar's biopic.

Asked which sports star's biopic would he like to do, Anil told IANS: "Sachin Tendulkar... Because I am a huge fan of his."

The actor had fun working with Madhuri Dixit Nene on "Total Dhamaal". It is the third instalment of the successful franchise "Dhamaal", which originally starred Arshad W


Saturday, February 23, 2019I am in good place now, says fit-again Uthappa

Kolkata, Feb 23 (IANS) Fit-again Kolkata Knight Riders batsman Robin Uthappa, who is back in action after recovering from an ankle surgery, said "he is in a good place" at the moment after taking part in a Syed Mushtaq Ali domestic T20 game.

The 33-year-old, who now plays for Saurashtra, scored 46 against Railways on Thursday.

"I am in a good place right now. Honestly, it has been a learnin


Saturday, February 23, 2019Jet shareholders approve conversion of loan into shares

Mumbai, Feb 23 (IANS) Shareholders of the beleaguered Jet Airways have approved a proposal to convert a part of company's loans into shares with an overwhelming majority.

The development assumes significance as the approval was required to go ahead with the Bank-led Provisional Resolution Plan (BLPRP). As part of this, public sector lenders will become the largest equity owners of the airline,


Saturday, February 23, 2019Odisha government obstructing Central projects worth Rs 1.36 lakh crore: Pradhan

Bhubaneswar, Feb 23 (IANS) Ahead of general and Assembly elections in Odisha, Union Petroleum Minister Dharmendra Pradhan on Saturday accused the state government of stalling Rs 1,36,417 crore worth of Central projects in the state.

Addressing a press meet here, Pradhan alleged that the state government is not cooperating to implement the projects in Odisha.

Giving details of the projects,


Saturday, February 23, 2019Delhi's per capita income almost 3 times the national average: Economic Report

New Delhi, Feb 23 (IANS) The per capita income of Delhi at current prices during 2018-19 was estimated at Rs 3,65,529 - about three times against the per capita income at national level at Rs 1,25,397, according to the Economic Survey Report of 2018-19 tabled in the Delhi Assembly on Saturday.

"The per capita income of Delhi at current prices during 2018-19 is estimated at Rs 3,65,529 against


Saturday, February 23, 2019Microsoft workers ask Nadella to scrap US Army HoloLens contract

San Francisco, Feb 23 (IANS) A group of Microsoft workers has written a letter to CEO Satya Nadella and President Brad Smith, asking them to cancel a controversial contract with the US Army.

In the letter, the workers' coalition urged the top executives to junk the $479 million contract to supply technology for the military's Integrated Visual Augmentation System (IVAS), The Verge reported lat


Saturday, February 23, 2019Deadline for GST returns extended

JAMMU: The Governor Administration after considering the difficulties faced by the Taxpayers in filing the monthly GSTR3B return for the month of January 2019, has got the due date of filing of the said return extended to 28th of February 2019.

The matter was taken up by Advisor to Governor, K.K. Sharma during the course of 33rd Goods and services Tax council meeting held on 20th February 2019


Wednesday, February 20, 2019Nasscom sees economic uncertainties ahead, stops forecasting

Mumbai, Feb 20 (IANS) Industry body Nasscom on Wednesday released the findings of a survey of 100 Chief Executive Officers (CEOs) of information technology companies showcasing "cautious optimism" due to global economic uncertainties like trade wars, Brexit and currency fluctuations.

"As per the survey, global economic uncertainties are leading to a cautionary outlook among CEOs, but they expe


Wednesday, February 20, 2019Vodafone Idea to complete network integration by June 2020

New Delhi, Feb 20 (IANS) The network integration process of Vodafone Idea is on track and expected to complete by June 2020, said the company's Chief Technology Officer Vishant Vora on Wednesday.

Speaking to reporters here, Vora said that already the 'Radio' network integration has completed in nine circles covering 481 million (48.1 crore) of the country's population.

"Jammu and Kashmir, H


Wednesday, February 20, 2019How much do Sunburn promoters owe Goa exchequer, asks HC

Panaji, Feb 20 (IANS) The Panaji bench of the Bombay High Court on Wednesday issued a notice to the Goa Chief Secretary seeking to know the due amount owed to the state government by Percept Limit, an event management agency which hosts 'Sunburn', a popular electronic dance festival.

In its order passed on Wednesday, a division bench of Justice Nutan Sardesai and Justice M.S. Sonak directed th


Wednesday, February 20, 2019Domestic air passenger traffic up 9% in January

New Delhi, Feb 20 (IANS) India's domestic air passenger traffic increased 9.10 per cent on a year-on-year basis in January 2019, official data showed on Wednesday.

According to the Directorate General of Civil Aviation (DGCA), last month passenger traffic grew to 1.25 crore from 1.14 crore in January 2018.

"Passengers carried by domestic airlines in January 2019 were 125.08 lakh against 114


Wednesday, February 20, 2019Tata Motors betting big on electric buses

Kolkata, Feb 20 (IANS) After bagging 255 e-buses' orders from six state transport undertakings (STUs) under the first phase of incentive scheme for electric vehicles in public transport, Tata Motors is betting big on the segment, said an official here on Wednesday.

"There are many towns and cities that are tendering for e-buses. We are participating in them. We are hopeful the demand (for elec


Wednesday, February 20, 2019Saudi Arabia sees global oil market rebalancing by April

New Delhi, Feb 20 (IANS) Both OPEC and non-OPEC oil producers hope that the global crude market will get balanced by coming April following the latest production cuts being implemented since last month, Saudi Arabia's Energy Minister Khalid Al-Falih said on Wednesday.

Following a prolonged period of price slump owing to a supply glut, the Organization of the Petroleum Exporting Countries (OPEC


Wednesday, February 20, 2019ABB chief meets Fadnavis to forge AI partnership

Mumbai, Feb 20 (IANS) ABB Chief Executive Officer Ulrich Spiesshofer met Maharashtra Chief Minister Devendra Fadnavis here on Wednesday to discuss how a partnership could be created to deploy Artificial Intelligence (AI) and digitalisation technologies for the state.

They also discussed issues of robotics, e-mobility and to take skills development to the next level using AI, said a spokesperso


Wednesday, February 20, 2019Sensex ends losing streak, ends 403 points higher

Mumbai, Feb 20 (IANS) A slight ease in crude oil prices along with value buying and a strong rupee aided the benchmark Sensex to snap its longest consecutive sessions fall in the last eight years on Wednesday.

Accordingly, the benchmark index closed with handsome gains of over 400 points while the Nifty50 jumped past the 10,700 mark after struggling in the past sessions.

Adding to the posit


Wednesday, February 20, 2019Metal stocks to look up as corrective phase ends: Report

Mumbai, Feb 20 (IANS) Attractive valuations may lead a rally in metal stocks, showed a technical analysis report on Wednesday.

According to brokerage house Centrum's thematic report on the metal sector, the up-move in the stocks of Tata Steel, Jindal Steel and JSW Steel comes on expected lines as the correction in the Nifty Metal index "seems to be over".

The report said that the index had


Wednesday, February 20, 2019Indian women 28% less likely than men to own a mobile phone: GSMA

Mumbai, Feb 20 (IANS) Women in India are 28 per cent less likely than men to own a mobile phone and 56 per cent less likely than men to use mobile Internet, a new report by GSM Association (GSMA) said on Wednesday.

Across all low and middle-income countries, 80 per cent of women are mobile owners while in India, only 59 per cent use mobile phones, representing some of the largest mobile gender


Wednesday, February 20, 2019Centre hikes DA by 3 pc

NEW DELHI: The Union Cabinet Tuesday increased the dearness allowance by 3 per cent effective from January 1, 2019, a move which will benefit 1.1 crore central government employees and pensioners.

The decision in this regard was taken at the Union Cabinet meeting chaired by Prime Minister Narendra Modi.

The Cabinet has approved additional DA of 3 per cent over the existing rate of 9 per cen


Wednesday, February 20, 2019India, Spain express support for rules-based free trade, multilateralism

Madrid, Feb 20: External Affairs Minister Sushma Swaraj and her Spanish counterpart Josep Borrell on Tuesday agreed, following a bilateral meeting in the Spanish capital, that both countries supported the promotion of multilateralism and a rules-based concept of free trade.

The two leaders met at Madrid's Viana Palace, the Spanish foreign ministry's official headquarters, to discuss the most


Tuesday, February 19, 2019Sushma Swaraj holds talks with her Spanish counterpart

Madrid, Feb 19 (IANS) External Affairs Minister Sushma Swaraj on Tuesday held detailed talks over a range of issues including trade, defence and counter-terrorism, with her Spanish counterpart Josep Borrell Fontelles over a working breakfast.

The two leaders took stock of "relationship across the spectrum, especially in trade and investment, defence and security, counter terrorism, culture and


Tuesday, February 19, 2019IndianOil denies Aadhaar data leak claims by French researcher

New Delhi, Feb 19 (IANS) Indian Oil Corporation Ltd. on Tuesday denied claims by a French security researcher that the company's Indane website leaked Aadhaar data of over 67 lakh customers.

Indane is a LPG brand owned by the Indian Oil Corporation (IndianOil).

Baptiste Robert, who goes by the online handle Elliot Alderson, wrote in a blog post on Medium on Tuesday that he investigated the


Tuesday, February 19, 2019Sensex ends lower for ninth consecutive day; IT finish 2% lower

Mumbai, Feb 19 (IANS) Major indices Sensex and Nifty fell for the ninth consecutive trade session on Tuesday after heavy selling in the final hour of the trade on account of profit booking.

Initially investor sentiments were upbeat owing to the transfer of interim dividend from the RBI to the government and a possibility of easing trade tension as a new round of trade talks between the US and


Tuesday, February 19, 2019Qualcomm set to consolidate position in chip market: Report

Gurugram, Feb 19 (IANS) With smartphone original equipment makers (OEMs) preferring Qualcomm chipsets in all major segments and third-party chip use continuing to rise in the smartphone market, the company is set to consolidate its market position in India in 2019, according to a report on Tuesday.

According to market research firm techARC, the largest number of smartphone models launched (42.


Tuesday, February 19, 2019Honda to close only EU factory

London, Feb 19 (IANS) Japanese carmaker Honda announced on Tuesday that it was closing its only manufacturing unit in the European Union (EU) that employs 3,500 people.

Honda has made more than 3 million cars in the plant located in the English town of Swindon since it opened three decades ago. The factory currently makes the Honda Civic and is capable of producing as many as 150,000 of the ca


Tuesday, February 19, 2019Can begin 5G trial within a month of Indian government's nod: Huawei

New Delhi, Feb 19 (IANS) Amid reports suggesting that Huawei may not get the government's approval for 5G trial in India, Huawei India CEO Jay Chen stressed on Tuesday that the Chinese tech giant can begin 5G trial within a month of approval from the government.

"All of my engagements with the government have been positive so far. We are fully prepared. We can start the 5G trial within one mon


Tuesday, February 19, 2019GoM on GST on Housing submits recommendations to Council

New Delhi, Feb 19 (IANS) A Group of Ministers (GoM) headed by Gujarat Deputy Chief Minister Nitin Patel which has favoured 3 per cent tax on the affordable housing category, down from 8 per cent, has submitted its report to the GST Council for taking it up and decide on it by Wednesday.

The Council, in its meeting on Wednesday, might also consider reducing tax on cement from 28 per cent to 18


Tuesday, February 19, 2019Odisha CM launches projects worth Rs 2,196.30 crore

Bhubaneswar, Feb 19 (IANS) Odisha Chief Minister Naveen Patnaik on Tuesday performed groundbreaking-cum-inauguration ceremonies for 18 industrial units, which will collectively invest Rs 2,196.30 crore and employ 3,465 people.

The Chief Minister performed groundbreaking of 14 new projects and inaugurated four industrial projects through video-conferencing here.

Among others, he inaugurated


Tuesday, February 19, 2019Business worth Rs 25,000 cr hit as traders protest against Pulwama attack: CAIT

New Delhi, Feb 19: The Confederation of All India Traders (CAIT) on Monday said that business worth about Rs 25,000 crore was hit due to the "Bharat Trade Bandh" that was called to protest against the recent Pulwama terror attack.

According to CAIT, the day-long bandh saw seven crore business establishments remain closed across the country, including Delhi.

"Business of about Rs 25,000 cror


Monday, February 18, 2019LinkedIn starts showing trending stories of the day

New Delhi, Feb 18 (IANS) Taking a leaf out of Twitter's book, Microsoft on Monday launched a new way for its over 55 million members in the country to see the day's top professional news stories and conversations happening around them -- all in one place.

This new experience shows users a list of the top trending stories in India as they develop, along with diverse perspectives and opinions fr


Monday, February 18, 2019Premji unveils Wipro-Kawasaki plant near Bengaluru

Bengaluru, Feb 18 (IANS) IT czar and Wipro Chairman Azim Premji on Monday unveiled the new plant of Wipro-Kawasaki joint venture to manufacture hydraulic pumps and motors for the construction machinery at Bidadi, about 40 km from Bengaluru.

"The new facility, where production will commence in April, will double our capacity to make hydraulic products to 40,000 units a year," said the company i


Monday, February 18, 2019RCom stock up 10% as company reaches agreement with lenders

Mumbai, Feb 18 (IANS) The Reliance Communication (RCom) stock rose sharply by over 11 per cent on Monday, a day after the Anil Ambani-led Reliance Group reached an understanding by which the lenders will refrain from selling stock pledged by the promoters till September 30, 2019.

During the late afternoon session of the trade, shares of RCom traded 11.82 per cent higher at Rs 6.15 per share fr


Monday, February 18, 2019SC admits RInfra minor's plea challenging HC order favouring DMRC

Mumbai, Feb 18 (IANS) RInfra on Monday said that the Supreme Court has admitted a Special Leave Petition (SLP) filed by its subsidiary challenging a Delhi High Court order that set aside an over Rs 5,800 crore arbitral award won by the RInfra minor against the Delhi Metro Rail Corporation (DMRC).

In 2018, the High Court had directed the DMRC to take over the servicing of all debt liabilities o


Monday, February 18, 2019Facebook behaving like 'digital gangsters': UK parliamentary report

London, Feb 18 (IANS) Lashing out at Facebook for behaving like "digital gangsters" in the online world, a UK parliamentary committee concluded that the social networking giant intentionally and knowingly violated both data privacy and anti-competition laws.

In its final report on Monday after an 18-month investigation into disinformation and "fake news", the Digital, Culture, Media and Sport


Monday, February 18, 2019No RBI decision yet on interim dividend quantum to be paid to government

New Delhi, Feb 18 (IANS) The RBI decides independently on the quantum of interim dividend to be paid to the Centre and a central bank committee is currently examining the issue, the government said on Monday.

Queried on the issue following the customary post-Budget Reserve Bank of India (RBI) board meeting here chaired by him, Finance Minister Arun Jaitley said it was the prerogative of the ce


Monday, February 18, 2019Singapore Airlines to fly Airbus A350 from Bengaluru soon

Bengaluru, Feb 18 (IANS) Leading international carrier Singapore Airlines on Monday said it would fly Airbus A350-900 medium haul aircraft between Bengaluru and Singapore thrice a week from May 18.

The 325-seater A350-900 of the French aerospace major (Airbus Industries) is a twin-engine wide body passenger jet for medium and long-haul cruise in three-class configuration, with fuselage and win


Monday, February 18, 2019TN Law Minister welcomes SC order on Vedanta

Chennai, Feb 18 (IANS) Tamil Nadu Law Minister C.Ve. Shanmugam on Monday welcomed the Supreme Court order allowing Vedanta's copper smelter plant in Thoothukudi to remain closed according to the state government's order.

The National Green Tribunal (NGT) in December 2018 had ordered opening of the plant known as Sterlite Copper.

Speaking to reporters here Shanmugam said: "The Tamil Nadu gov


Monday, February 18, 2019Set-back for Vedanta, SC refuses re-opening of TN copper smelting plant

New Delhi, Feb 18 (IANS) In a set-back to Vedanta, the Supreme Court on Monday refused to order the re-opening of its Sterlite Copper Smelting plant located in Tamil Nadu as it set-aside the National Green Tribunal's (NGT) December 15 order on the grounds of jurisdiction.

Setting aside the NGT order on maintainability, a bench of Justice Rohinton Fali Nariman and Justice Vineet Saran asked Ved


Monday, February 18, 20195G, foldable smartphones to dominate Mobile World Congress 2019

New Delhi, Feb 18 (IANS) The buzz around the first 5G-enabled smartphone and foldable devices will be the talk of the town as the Mobile World Congress (MWC) 2019 opens in Barcelona next week.

According to Thomas Husson, Vice President and Principal Analyst at Forrester, a global market research firm, the sessions on 5G and foldable phones are likely to cast a shadow over MWC.

"There is no


Monday, February 18, 2019New Samsung Galaxy S series coming with industry-first features

San Francisco, Feb 18 (IANS) Samsung, which unveiled its highly-successful Galaxy S series in 2010, is all set to launch new flagship devices on the 10th anniversary of the S series with never-heard-before features here on February 20.

The core of Samsung's lineup will stay the same as there would a regular Galaxy S10 and a larger S10 Plus with 6.1-inch and 6.3-inch displays.

The first Gala