Washington: General Motors on Monday announced the closure of seven of its factories around the world as part of a restructuring plan. The automaker said in a statement that it will close two assembly plants in the US and one in Canada, along with two others in as-yet-unidentified countries. The[Read More…]
Bengaluru: Global computer maker Dell Technologies is hosting for the first time in India its Dell Women’s Entrepreneur Network (DWEN) meeting in this tech hub on Tuesday to focus on women funding women, said the US-based firm on Monday. “The event brings innovators, investors and influencers who dedicate to build[Read More…]
Mumbai: Graphite electrodes manufacturer HEG’s board has approved a buyback of 3.41 per cent of the company’s equity shares worth Rs 750 crore. The firm has set the buyback price at Rs 5,500 per equity share. “The buyback is proposed to be made from the shareholders of the company on[Read More…]
After spending almost 8 years below Apple Inc. The software giant has finally surpassed its arch-rival in terms of market capital. Apple, which became the first US company to cross the $1 trillion mark has now been overtaken by Microsoft for the number one spot. Microsoft, which has recently acquired[Read More…]
San Francisco: Microsoft has become the most valuable US company with $753.3 billion in market capitalisation, riding past Apple for the first time since 2010 when it came close to the Cupertino-based tech giant. Apple, which became the first $1-trillion US company in August, came down to $746.8 billion on[Read More…]
The funding has been received by the ed-tech startup after a gap of three years
New Delhi, Nov 23 (IANS) The government would soon bring out an integrated gold policy and set up a domestic gold council to promote growth in the sector, Commerce Minister Suresh Prabhu said on Friday. Prabhu said the government is also looking at the industry’s demand for cutting import duty[Read More…]
Mumbai: An “unexpected de-growth” during the festival season this year has shocked the automobile industry with consumers “postponing” purchase of both two and four-wheelers, a top industry official said here on Friday. During the festival season Navratri to Diwali, the Federation of Automobile Dealers Association (FADA) recorded a dismal decline[Read More…]
New Delhi, The Union Cabinet on Thursday approved an MoU between India and Mauritius on consumer protection and legal metrology. The MoU is beneficial for bilateral relations and will help in expanding cooperation in the field of consumer protection and will provide an institutional mechanism for exchange of information and[Read More…]
San Francisco, Apple has acquired a Startup called Silk Labs that works on Artificial Intelligence (AI)-based personal assistant technology for smartphones and smart home devices. According to a report in The Registrar, the quietly-done acquisition for an undisclosed sum is aimed at strengthening Apple’s AI capabilities towards smart home devices.[Read More…]
Mumbai, Bharti AXA Life Insurance Company Ltd on Thursday said its fresh business had increased by 52 per cent during the first half of the current fiscal. The company also said it would expand its branch network 236 by the end of this year from the current 216 branches. In[Read More…]
San Francisco: Facebook‘s outgoing Head of Communications and Policy Elliot Schrage has taken the full responsibility for hiring a Republican-owned political consulting and PR firm Definers Public Affairs that is alleged to have “dug up dirt” on competitors. In a blog post, Schrage said the legal team at Facebook continues[Read More…]
New Delhi, The Indian mobile manufacturing industry needs a competitive direct tax regime to grow and pose a tough competition to other mobile manufacturing countries, said Pankaj Mohindroo, Chairman of the Indian Cellular and Electronics Association (ICEA). Speaking to reporters here on Wednesday, Mohindroo said the industry body has also[Read More…]
Mumbai, Nearly 50 per cent of the Automated Teller Machines (ATMs) may be shut down by March 2019 due to unviability of operations, hitting hard both urban and rural population, the Confederation of ATM Industry (CATMi) warned on Wednesday. Currently, India has approximately 2,38,000 ATMs, of which around 1,13,000 ATMs[Read More…]
Mumbai, Glass packaging company Piramal Glass on Tuesday announced that it has deployed Microsoft’s Azure IoT platform to digitally transform its manufacturing operations. Piramal Glass has implemented the solution, titled “Real-Time Manufacturing Insights” (RTMI), on 46 production lines across its four plants at Kosamba and Jambusar in Gujarat, Sri Lanka[Read More…]
New Delhi: The Centre on Monday said it would not bail out cash-strapped Jet Airways, stating that it’s the responsibility of the management to implement policies to ensure financial stability and a smooth functioning of the airline. According to Civil Aviation Minister Suresh Prabhu, the government looks at sector-specific issues[Read More…]
Nissan Motor Chairman, Carlos Ghosn, has been taken into custody. He has reportedly been arrested for using the company’s money for personal usage. He has been to have breached Japanese financial trading law, according to Yomiuri. Over the past few months, a long internal investigation has been conducted by Nissan. According[Read More…]
Mumbai: German conglomerate Siemens’ India arm on Sunday reported a 14.6 per cent increase in revenue for the financial year ending in September as per the accounting standard adopted, at Rs 12,293 crore, as compared to the revenue of Rs 10,727 crore earned during the previous fiscal. The Siemens board,[Read More…]
Mumbai: Commerce Minister Suresh Prabhu on Friday said that India requires innovation in agriculture in order to minimize wastage of argicultural produce which amounts to almost 30 per cent of the total output. “In India, we lose about 30 per cent of the vegetables, fruits and others, despite the fact[Read More…]
New Delhi: Food ordering app Zomato on Friday announced the appointment of Chaitanya Mathur as the Global Head for Zomato Live — a new event-driven vertical of the company. “We connected on the idea of organising engagement driven, large-scale events for all the users around the world and we are[Read More…]
Nothing seems to have been going right for the Walmart acquired multi-billion Dollar e-commerce giant Flipkart. Soon after Binny Bansal stepped down from his post of the chief executive over allegations of “personal misconduct”, reports have emerged that Jabong may lay off up to 50 per cent of its employees. Arecibo[Read More…]
Seattle (US): Amazon on Tuesday announced it will invest $5 billion to build two new headquarters in New York City and Arlington, Virginia. The move will create more than 50,000 jobs across the two new headquarters locations, with more than 25,000 employees each in New York City and Arlington, the[Read More…]
Mumbai: Finance Minister Arun Jaitley on Sunday said that the banking system needed to be strengthened to meet the market’s liquidity requirements and drive economic growth. Jaitley was speaking via video-conference at an event here to mark the 100th anniversary of the Union Bank of India. According to the Minister,[Read More…]
Viral Acharya has been on the advisory council of the Bombay Stock Exchange (BSE) Training Institute
The Securities and Exchange Board of India on Friday said Reliance Communications (RCOM) has settled its case with the regulator by paying Rs 62.40 lakh over alleged non-cooperation with credit rating agencies and debenture trustee. “Reliance Communications Limited filed a suo moto application in terms of the SEBI (Settlement of[Read More…]
