Mumbai: The S&P BSE Sensex dropped over 500 points during the afternoon session of the trade on Thursday. All the sectoral indices on the BSE and NSE traded in the red. At 2.54 p.m., the S&P BSE Sensex traded 500.83 points lower or 1.40 per cent at 35,383.58 from its[Read More…]
Cleartrip, a global online travel company has decided to lay off up to 100 of its employees in India. The India based company has seen a significant plunge in its business over the last few years. Reportedly, the slump has been due to increased competition after the merger of its rivals[Read More…]
As the Indian economy evolves, value-creation opportunities in real estate will exist as much in capturing the consumption-growth upside as in pursuing strategies of specialisation. The last decade has seen significant investments in real estate and real estate-related infrastructure, as investors braced for growth and development. The next phase of[Read More…]
Fugitive liquor businessman and former Member of Parliament Vijay Mallya in a series of tweets on Wednesday said that he is “offering to pay 100%” of the public money back. Saying that while the matter of his extradition will take its own course, he “humbly requests the Banks and Government[Read More…]
Kolkata: The gem and jewellery sector, hit by cash flow and facing hurdles in financing, is expecting that the growth in exports will be flat in dollar term by end of the current fiscal, an official said on Tuesday. The industry is betting on the Christmas sales in the US[Read More…]
Las Vegas, The Asia-Pacific region has huge potential to write the next growth story for Amazon Web Services (AWS), with India playing a key role in Cloud adoption among both enterprises and the governments, CEO Andy Jassy has stressed. After delivering his marathon three-hour keynote address at the AWS “ReInvent[Read More…]
Bengaluru, The Consumer Care and Lighting business of Wipro Enterprises will offer Belgian lighting manufacturer Schreder’s smart lighting solutions in India, the company said on Wednesday. “As part of the agreement, Wipro Lighting will market Schreder’s lighting products and solutions in India,” said the city-based Wipro czar Azim Premji-owned company[Read More…]
CBI arrests Saroj Patra, director of Adarsh Group of Companies for duping investors for as many as Rs 12 Crore. He has been arrested from Cuttack’s district of Nemalo. More details are awaited at this moment.
Mumbai, The key equity indices were marginally higher during the afternoon session of trade on Tuesday over profit booking, but banking stocks traded lower. Domestic bourses also took cues from the firm Asian markets. Buying was witnessed in energy and IT stocks. At 2.23 p.m., the S&P BSE Sensex traded[Read More…]
Mumbai, Profit booking during the morning trade session subdued both key indices — Sensex and Nifty — on Tuesday. However, positive Asian markets aided the domestic indices to pare some of the losses. Buying was witnessed in IT, healthcare and TECK (technology, entertainment and media) counters while metal scrips came[Read More…]
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…]
