New Delhi, Nov 5 (IANS) The government on Thursday approved a mega financial revival plan for the power distribution companies involving states, banks, electricity generation firms and Coal India. The salient features of the mega…
New Delhi, Nov 2 (IANS) Moody’s Investors Service on Monday upgraded its outlook for India’s banking system to “stable” from “negative” based on expectation of a lesser growth in banks’ bad loans in future. The…
New Delhi, Nov 2 (IANS) Finance Minister Arun Jaitley on Monday said with real-time global automatic exchange of information system coming into effect in a couple of years, tax evasion and money laundering will become…
Chennai, Oct 30 (IANS) The belligerent provocation of various Indian minorities has raised ethnic tensions, says Moody’s Analytics in a report that warned of “a possible increase in violence”. In a report titled `India Outlook:…
San Francisco, Oct 28 (IANS) Technology giant Apple has announced a profit of $11.12 billion for the last fiscal quarter and posted earnings of $53.4 billion for the entire year. Figures for the last quarter…
Mumbai, Oct 27 (IANS) For the second time in six months, the Enforcement Directorate (ED) has slapped a notice summoning Bollywood superstar Shah Rukh Khan in connection with the valuation of shares of his co-owned…
Vijayawada: Opulence is more visible in the capital villages these days. It is not just bikes and posh duplex houses that display wealth. It is more than that. Elevators in the residential houses and horses…
Domestic handset-vendor Lava will invest Rs.500 crore to set up a manufacturing plant in 20 acres in Tirupati. Recently, Prime Minister Narendra Modi had laid the foundation for a mobile manufacturing and electronics hub in…
New York, Oct 22 (IANS) A Chicago-based group, which works to promote the interests of the Indian community, will organise a dinner to raise funds for the poor in Lombard, a village in Illinois, on…
The hospitality industry in Hyderabad is getting the blues as it feels that the shifting of Andhra government’s administrative activity to its new capital Amaravati may lead to a fall in tourist arrivals in the…
Mumbai, Oct 21 (IANS) Reliance Capital, a part of the Anil Ambani-led group, on Wednesday, said it is acquiring Goldman Sachs Asset Management’s onshore business in India like mutual funds and exchange-traded funds for Rs.243…
New Delhi, Oct 20 (IANS) Filmmakers unable to complete their movies or who had to abandon them before completing will now be eligible for relief following the latest directive of the Income Tax department doing…
New Delhi, Oct 19 (IANS) Indian online shoppers rank on top when it comes to buying products from social media sites, according to global technology company Pitney Bowes’ second annual Global Online Shopping Study. As…
Bengaluru, Oct 19 (IANS) Global software major Infosys on Monday announced the acquisition of US-based Noha Consulting firm for $70 million (Rs.454 crore) in a cash deal. The Houston-headquartered Noha provides information management consultancy services…
Washington, Oct 17 (IANS) Tech giant Apple has been told to pay $234 million to the intellectual property arm of Wisconsin University, Madison, for using without permission patented technology developed by its team, including two…
Hyderabad, Oct 14 (IANS) US-based YuppTV, an internet based TV streaming service provider which on Wednesday launched its service in India, plans to raise $50 million to fund its expansion. Uday Reddy, founder and CEO…
Bengaluru, Oct 13 (IANS) Indian start-ups are on fire, as they are on target to get a whopping $5 billion (Rs.32,558 crore) funding by this year-end, IT industry representative body Nasscom said in a report…
New Delhi, Oct 13 (IANS) Deposits in accounts opened under the Pradhan Mantri Jan Dhan Yojana have exceeded Rs.25,000 crore, the government said on Tuesday. The deposits have come as low-cost deposits. According to an…
Bengaluru, Oct 13 (IANS) Chinese technology start-up OnePlus said on Monday it would make in India smartphones through contract manufacturing at Taiwanese Foxconn’s Rising Stars factory in Andhra Pradesh’s Sri City. “Producing smartphones in India…
New Delhi, Oct 12 (IANS) A rapid expansion in the manufacturing and mining sectors accelerated India’s factory output growth to 6.4 percent in August from a rise of 4.1 percent in the month before, official…