New Delhi: Realising the need to create a workforce for Next-Gen technologies, several tech companies have started accelerators and incubators in the recent past to nurture talent in disruptive technologies in India. On the other hand, global Cloud services platform Amazon Web Services (AWS), a subsidiary of Amazon.com, started on the[Read More…]
Beijing: The trade war between China and the US escalated on Monday, with Beijing slapping a tariff as high as 25 per cent on 128 American products. China’s tit-for-tat move comes after US President Donald Trump announced to imposed trade charges of up to $60 billion on Chinese imports on[Read More…]
Changzhou (China): Trina Solar of China, the largest manufacturer of solar photovoltaic (PV) panels globally and India’s biggest supplier, awaits further easing of business conditions for the sector to begin production in the country for which the company has acquired land in Andhra Pradesh, according to Chairman and CEO Gao Jifan.[Read More…]
Kolkata: In a battle for taking over insolvent Electrosteel Steels, lenders to the steel producer on Thursday decided to go ahead with Vedanta, rejecting objections raised by the Renaissance Steel on the eligibility of the former to bid for the debt-laden company. The Kolkata bench of the National Company Law Tribunal[Read More…]
New Delhi: Revenue collection under the Goods and Services Tax (GST) fell for the second consecutive month in February by Rs 1,144 crore to Rs 85,174 crore. The collection had marginally slipped in January to Rs 86,318 crore from Rs 86,703 crore in December. “The total revenue received under GST for[Read More…]
Chennai: Banks will not remain closed for five consecutive days starting from Thursday, a union leader said on Monday. “The banks will work on March 31 (Saturday) and there is no continuous holidays as per messages in the social media,” D. Thomas Franco Rajendra Dev, General Secretary of the All[Read More…]
New Delhi: The Enforcement Directorate (ED) on Saturday said that it has attached properties worth Rs 25 crore of diamond jeweller Nirav Modi in connection with its ongoing probe into the Rs 13,540 crore PNB fraud case. An ED official told IANS that the searches were carried out on Thursday[Read More…]
New Delhi: The CBI on Friday said it has registered a fresh case against former MCX Managing Director Jignesh Shah for allegedly facilitating nationwide multi exchange status for the Multi Commodity Exchange of India Ltd (MCX). Four former chairpersons of the Forward Market Commission and six others have also been[Read More…]
New Delhi: The Delhi High Court on Friday granted bail to Karti Chidambaram, son of senior Congress leader P. Chidambaram, in the INX Media corruption case. The bail was granted by Justice S.P. Garg. The Central Bureau of Investigation arrested Karti Chidambaram in February for allegedly taking money to facilitate[Read More…]
Mumbai: Aditya Birla Group Chairman Kumar Mangalam Birla will be the Non-Executive Chairman of the merged company which will combine the business of Vodafone India and Idea Cellular. According to a BSE filing by Idea Cellular on Thursday, the current Chief Operating Officer of Vodafone India Balesh Sharma will become the[Read More…]
San Francisco: Reliance JioPhones, which run on KaiOS, a Linux-based light mobile Operating System (OS), may soon get WhatsApp. According to Wabetainfo.com, a fan site that tests new WhatsApp features early, as of February 2018 KaiOS Technologies have acquired many new partners, including Facebook that also owns the popular messaging[Read More…]
Kolkata: Describing himself as “not an expert on economics”, Infosys co-founder and India’s IT industry doyen N R Narayana Murthy on Wednesday said he could not understand the logic behind the Narendra Modi government’s note ban move in November 2016, particularly when it remonetised the monetary system with same or even[Read More…]
Bengaluru: The travel and tourism sectors together generated 25.9 million jobs in 2017, contributing $75.8 billion (Rs 5 lakh crore, approximately) to the country’s Gross Domestic Product (GDP) in the same year, a report by Indian industry body Ficci and services firm KPMG said on Wednesday. “Directly contributing 25.9 million jobs,[Read More…]
New Delhi: Professionals in India prefer home-grown tech and mobile Internet companies like Directi, Flipkart and One97 Communications (Paytm) more than global giants like Google and Amazon as their workplace, revealed a new LinkedIn report on Wednesday. The report includes the ranking of 25 companies in the country that are most[Read More…]
Beijing: India and Hong Kong on Monday signed an agreement to avoid double taxation and prevent tax evasion. India’s Ambassador to China Gautam Bamabwale and Hong Kong’s Financial Secretary Paul Chan Mo signed the treaty. A former British colony, Hong Kong is a special administrative region of China which enjoys[Read More…]
New Delhi: Taiwanese electronics giant ASUS on Monday launched the worlds thinnest convertible laptop at Rs 1,30,990 in India. The new “ASUS Zenbook Flip S UX370” comes with a 13.3-inch full-HD display with touch screen. “With the ‘ASUS Zenbook Flip S UX370’, it becomes a perfect companion for those looking[Read More…]
New Delhi: Nobel Laureate Paul Krugman on Saturday said India has made rapid progress on the economic front but economic inequality in the country remains an issue. India has become a much “better place to do business” than it was earlier, though the bureaucratic obstacles have not gone away completely[Read More…]
New Delhi: The Congress on Saturday said it would impose a five per cent cess on the incomes of the top one per cent richest Indians, when it comes to power. The resolution on “Agriculture, Employment and Poverty Alleviation”, adopted at the party’s 84th plenary here, also said that the party[Read More…]
New Delhi: The Indian Goods and Services Tax (GST) system is among the most complex in the world with not only one of the highest tax rates but also one of the largest number of tax slabs, the World Bank has said. It added that India has the highest standard[Read More…]
Washington: Christine Lagarde, Managing Director of the International Monetary Fund (IMF), has urged global policymakers to guard against trade protectionism in the wake of US proposed tariffs on steel and aluminium. “Policymakers need to work constructively together to reduce trade barriers and resolve trade disagreements without resort to exceptional measures,” Lagarde[Read More…]
New Delhi: India’s trade deficit in February at $12 billion narrowed from an over a four-year high of the previous month at $16.3 billion, as exports picked up while imports moderated, official data showed on Thursday. Indian exports in January had plunged nearly 10 per cent to $24.38 billion. According to[Read More…]
Washington: With a market value of nearly $150 billion per year, bottled water from leading brands, including from India, have been found to be 90 per cent contaminated by microplastics, posing potential harm to humans, a report has said. The report, led by Orb Media, a US-based non-profit, revealed widespread[Read More…]
New Delhi: Online hiring activity registered a 6 per cent growth year-on-year (YoY) in February as job markets continued to remain volatile, a Naukri.com report said here on Wednesday. The survey said the Naukri Job Speak index for February at 2,087 recorded a 6 per cent growth from the corresponding[Read More…]
New Delhi: With 67 per cent Indian businesses hit by ransomware — 38 per cent twice — they are at a high risk of repeated ransomware attacks and are vulnerable to exploits, a new report warned on Wednesday. While $13.74 million were spent by three per cent of the organisations[Read More…]
New Delhi: The Lok Sabha on Wednesday passed the Union Budget without any debate amid din, leading to a walkout by members of the Congress and Trinamool, while the TDP, YSR Congress, AIADMK and SP protested near the Speaker’s podium. Finance Minister Arun Jaitley moved the Finance Bill 2018, as[Read More…]
