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LATEST BUSINESS, FINANCE AND MARKET NEWS

  • ONGC calls Boots and Coots experts from US to control Olpad blow out

    New Delhi, Apr. 19 (ANI): The ONGC has called the globally renowned oil and gas blow out control experts Boots and Coots from the US to contain the crisis at well Olpad-31, which caught fire during repair ... … More »

    ANI - 1 hour 45 minutes ago
  • Rajasthan CM to visit Kolkata to draw investment

    Kolkata, April 19 (IANS) Rajasthan Chief Minister Vasundhara Raje will undertake a two-day visit to Kolkata from Tuesday to meet potential investors and showcase the business opportunities in her state. Raje will lead a delegation comprising Minister for Higher Education Kali Charan Saraf, … More »

    IANS - 2 hours 46 minutes ago
  • Cellular operators reaffirm support for net neutrality

    New Delhi, April 19 (IANS) The Cellular Operators Association of India (COAI) on Sunday reaffirmed its support to the principle of net neutrality, making a strong pitch for the government's vision of "net equality" that will enable access to the internet for a billion Indians. Our job is to enable … More »

    IANS - 3 hours ago
  • India's investment climate better than other BRICS nations: Report

    New Delhi, April 19 (IANS) Though India has a better investment climate among BRICS nations, its regulatory and tax system-related challenges are impacting immediate investment plans, over 90 corporate leaders of German high-tech companies have said in a survey. The survey, conducted by global … More »

    IANS - 4 hours ago
  • China makes big cut in bank reserve requirement to fight slowdown

    China makes big cut in bank reserve requirement to fight slowdown

    China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth. The People's Bank of China (PBOC) lowered the reserve … More »

    Reuters - 5 hours ago
  • Now, make 5-second video calls to friends using Quickie

    Washington, April 19 (ANI): Apple iPhone users who detested the idea of long phone calls that dragged on endlessly and rarely used FaceTime can now turn to Quickie, a nifty little iOS app that allows users ... … More »

    ANI - 6 hours ago
  • Now, Yahoo Mail's 'contact cards' get support for Twitter, LinkedIn

    Washington, April 19 (ANI): Yahoo Mail's smart "contact cards" now include support for Twitter and LinkedIn information and will allow users to see a contact's most recent tweets in addition ... … More »

    ANI - 6 hours ago
  • UAE telecoms company Etisalat's quarterly profit up 7.6 pct

    Abu Dhabi-listed Etisalat reported a 7.6 percent rise in first-quarter profit on Sunday, with its acquisition of a majority stake in Maroc Telecom having helped to lift revenue by nearly a third and its subscriber base by a fifth. Etisalat, which operates in 19 countries across the Middle East, … More »

    Reuters - 6 hours ago
  • Modern 'internet-linked' home appliances could leave most-sensitive data 'vulnerable' to hackers

    Washington, April 19 (ANI): As modern home appliances are increasingly linked to the internet, the possibility of savvy hackers breaking into your virtual home and stealing your identity, bank and credit ... … More »

    ANI - 7 hours ago
  • Coal, railway ministries, Odisha government to sign coal-shipping MoU

    New Delhi, April 19 (IANS) The coal ministry will sign a memorandum of understanding (MoU) with the railway ministry and the Odisha government on Monday for implementation of common rail corridor projects for coal evacuation. Union Coal Secretary Anil Swarup had said during his February visit to … More »

    IANS - 7 hours ago
  • Google intends to speed up web with QUIC Protocol

    Washington, April 19 (ANI): Google has revealed that about half of all requests from Chrome to Google's servers are now served over QUIC, a protocol that speeds up the web. … More »

    ANI - 7 hours ago
  • Now, 'Drunk Mode app' that stops you from making drunken phone calls

    Washington, Apr.19 (ANI): A new app has been launched that can stop people from making ill-advised drunken phone calls, by forcing them to solve complex math problems. … More »

    ANI - 9 hours ago
  • India Inc calls for incentives to boost consumer electronics output

    New Delhi, April 19 (IANS) India Inc on Sunday called for demand and supply side incentives to boost consumer electronics manufacturing for fulfilling the 'Make in India' campaign objectives. In a joint ... … More »

    IANS - 9 hours ago
  • Foreign automakers double down on China bets despite slowing growth

    Foreign automakers continue to plough money into factories in China, the world's largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth. Market leaders Volkswagen AG and General Motors show no sign of letting up on their planned investments, while … More »

    Reuters - 10 hours ago
  • Nitty-gritty of Net neutrality (With: Net neutrality in India still a myth, but don't log off)

    * The expression "network neutrality" was coined by American academic Tim Wu in his paper Network Neutrality, Broadband Discrimination that came out in 2003 and he then popularised the concept. * What does net neutrality stand for? Net neutrality means that governments and internet service … More »

    IANS - 10 hours ago
  • Net neutrality in India still a myth, but don't log off

    New Delhi, April 19 (IANS) Amid the raging debate globally over net neutrality, which has evoked a strong reaction from stakeholders in India, domain experts feel that an unshackled access to the Internet world isn't feasible in India yet but attempts must continue for egalitarianism. It's a … More »

    IANS - 10 hours ago
  • India issues fresh tax notice to Vodafone - report

    Tax authorities have issued a fresh notice to Vodafone Group Plc seeking re-assessment of tax returns for assessment year 2009-2010, news channel ET Now reported on Saturday citing sources familiar with ... … More »

    Reuters - 10 hours ago
  • Egypt seeks bigger share of India's tourist pie

    Mumbai, April 19 (IANS) Vegetarian food, attractive holiday packages and, above all, advertising the country through Bollywood and regional cinema are all part of an elaborate game plan chalked out by Egypt's tourism ministry, recovering from declining footfalls due to political unrest of the last … More »

    IANS - 10 hours ago
  • How to build and protect your brand image

    Who am I? The question lies at the very heart of human enquiry. On a basic level, it refers to identity. In other words, it seeks to answer what we do and what we stand for. I could be seen, for instance, ... … More »

    IANS - 11 hours ago
  • Strong government show in parliament can boost markets

    Mumbai, April 19 (IANS) Political determination by the government in pushing through key economic bills in the resumed parliament session from Monday can boost the subdued Indian equities markets, which have been disappointed over the poor quarterly earnings of India Inc. "The government's ability … More »

    IANS - 12 hours ago
  • Advent-led consortium to buy unit of Crompton Greaves

    A consortium led by U.S. private equity firm Advent International Corp. is set to buy the consumer products business of India's Crompton Greaves (CROM.NS) for up to $350 million, two sources directly involved in the deal told Reuters. The board of Crompton Greaves, a conglomerate whose activities … More »

    Reuters - 13 hours ago
  • E-commerce boom spurs record demand for VRL Logistics IPO

    A $75-million market debut for Indian parcel delivery firm VRL Logistics Ltd has encountered record demand, drawing bids for more than 70 times the number of shares on offer late last week, as investors ... … More »

    Reuters - 13 hours ago
  • BMW recalls 91,800 Mini Coopers to fix air-bag sensor

    BMW (BMWG.DE) is recalling 91,800 Mini Coopers in the United States to replace a defective sensor that may prevent the front passenger seat air bag from deploying in a crash, the German automaker said on Saturday. In documents posted on the U.S. National Highway Traffic Safety Administration … More »

    Reuters - 15 hours ago
  • China says to accelerate reforms to support yuan in IMF currency basket

    Beijing will accelerate reforms to the country's currency as part of a push for the yuan's inclusion in the International Monetary Fund's currency basket, China's central bank governor Zhou Xiaochuan said on Saturday. In a statement to the IMF steering committee, Zhou argued that Beijing had made … More »

    Reuters - 15 hours ago
  • IMF nations point to exchange rate, geopolitical risks

    While economies in developed countries have strengthened, some emerging nations are being hit by weaker commodity prices and exports, the IMF's steering committee noted in a communique. With the United States poised to hike interest rates, the panel - speaking for the Fund's 188 member nations - … More »

    Reuters - 15 hours ago
  • Chair on Narayana Murthy set up at IIT-Madras

    Chennai, April 18 (IANS) Software major Infosys co-founder and IIT-Madras alumni Kris Gopalakrishnan on Saturday set up a Chair for computational brain research at his alma-mater named after his colleague NR Narayana Murthy, IIT-Madras said. This is the second Chair set up by Gopalakrishnan. … More »

    IANS - Sat 18 Apr, 2015 10:34 PM IST
  • BJP welcomes decision to review ITR Forms

    New Delhi, Apr. 18 (ANI): The Bharatiya Janata Party (BJP) on Saturday welcomed the government's move to review the new Income Tax Return (ITR) Forms that require disclosure of details regarding the bank ... … More »

    ANI - Sat 18 Apr, 2015 9:54 PM IST
  • New ITR Forms: 'Need to strike a fine balance', says tax expert

    New Delhi, Apr. 18 (ANI): With the government deciding to review the new Income Tax Return (ITR) Forms, tax expert Ved Jain on Saturday said asking for too many data can create a little problem and added ... … More »

    ANI - Sat 18 Apr, 2015 8:47 PM IST
  • New tax forms will be reviewed: Government

    New Delhi, April 18 (IANS) The new norm for filing income tax returns, which has evoked angry protests, will be reviewed once Finance Minister Arun Jaitley returns from Washington, top officials said here on Saturday. "The finance minister spoke to me from Washington. He said the government … More »

    IANS - Sat 18 Apr, 2015 8:40 PM IST
  • Bharti Airtel clarifies its stand on net neutrality

    New Delhi, April 18 (IANS) Aiming to make the company's stand clear to customers on Airtel Zero, Bharti Airtel Managing Director and CEO (India and South Asia) Gopal Vittal on Saturday sent out an email to all its subscribers reiterating that it is completely committed to net neutrality. Net … More »

    IANS - Sat 18 Apr, 2015 7:54 PM IST
  • Govt. to review ITR Forms

    New Delhi, Apr. 18 (ANI): Prime Minister Narendra Modi-led government at the Centre has decided to review the new Income Tax Return (ITR) Forms that require disclosure of details regarding the bank accounts ... … More »

    ANI - Sat 18 Apr, 2015 7:46 PM IST
  • Despite poor quarterly results, foreign investors remain

    New Delhi, April 18 (IANS) Despite poor quarterly earnings by corporate India, foreign investors continued to pump cash into the country's equity markets during the week ended April 17. The Foreign Portfolio Investors (FPIs) remained net buyers in the Indian equities market for the week ended … More »

    IANS - Sat 18 Apr, 2015 7:40 PM IST
  • Reliance to restart all petrol pumps by fiscal end

    Mumbai, April 18 (IANS) Reliance Industries, the $66-billion oil refining to retail trade giant, hopes to re-start by the end of this financial year all its 1,400 retail outlets to sell petroleum fuels. In a presentation on the company's corporate results for the financial year ended March 31, … More »

    IANS - Sat 18 Apr, 2015 6:36 PM IST
  • NMDC slashes iron ore prices

    New Delhi, April 18 (IANS) State-owned mineral producer National Mineral Development Corporation (NMDC) on Saturday slashed its lump iron ore and fine iron prices by 6.15 and 20.32 percent respectively. Post the cut, effective for the rest of the month, prices of fine iron were reduced by Rs.500 … More »

    IANS - Sat 18 Apr, 2015 4:52 PM IST
  • US ambassador visits Startup Village, offers support

    Kochi, April 18 ( IANS) US Ambassador Richard R. Verma visited the Startup Village here and interacted with the young entrepreneurs and officials and offered his country's possible long-term cooperation in the development of startup ecosystem in India. Responding positively to the Startup Village … More »

    IANS - Sat 18 Apr, 2015 4:32 PM IST
  • Poor earnings overrule growth endorsement, dent market sentiments

    Mumbai, April 18 (IANS) The Indian equities markets were dampened during the weekly trade ended April 17, proving that mere endorsement of economic growth potential by international financial institutions is not enough and that corporate India's earnings have to catch-up with the high expectations. … More »

    IANS - Sat 18 Apr, 2015 3:42 PM IST
  • China says to accelerate reforms to support yuan in IMF currency basket - Xinhua

    China central bank governor Zhou Xiaochuan said Beijing would accelerate reforms to the country's currency to push for the yuan's inclusion in the International Monetary Fund's currency basket, known as ... … More »

    Reuters - Sat 18 Apr, 2015 3:25 PM IST
  • Grilled: Lexus seeks design edge over premium rivals

    Grilled: Lexus seeks design edge over premium rivals

    Big may be beautiful, but Toyota Motor Corp's global design chief is betting that edgy is the way to go for the Japanese automaker's premium Lexus brand, specifically its signature 'spindle grille' design.     Tokuo Fukuichi, who is also Lexus' global chief, says the design shock-therapy gives the … More »

    Reuters - Sat 18 Apr, 2015 3:12 PM IST
  • New tax norms target black money but make filing cumbersome: Experts

    New Delhi, April 18 (IANS) The government may intend to target black money with a new income tax returns form, mandating assessees to disclose their bank accounts and details of foreign visits, but it also makes filing of returns that much more cumbersome, experts maintain. "The disclosure … More »

    IANS - Sat 18 Apr, 2015 3:10 PM IST
  • China fines Alibaba $129,000 for pricing violations

    China's e-commerce giant, Alibaba Group, has been fined 800,000 yuan ($129,000) by the price bureau in eastern Zhejiang province for violations by third-party sellers during promotions on its e-commerce platforms. Since Alibaba turned "Singles' Day", a November 11 Chinese response to Valentine's … More »

    Reuters - Sat 18 Apr, 2015 2:59 PM IST
  • Reliance to restart all fuel pump outlets by March 2016

    Reliance to restart all fuel pump outlets by March 2016

    Reliance Industries Ltd plans to restart its entire 1,400 retail fuel pump outlets in fiscal year ending March 2016, a report on the company website shows. The stations were closed in 2008 when global ... … More »

    Reuters - Sat 18 Apr, 2015 2:22 PM IST
  • Emirates announces 9.2 billion dollar deal with Rolls-Royce for Trent 900 engines

    New Delhi, Apr 18 (ANI): Global enabler of business and trade, Emirates, has announced an historic 9.2 billion dollar deal with Rolls-Royce for Trent 900 engines and a long-term TotalCare package. … More »

    ANI - Sat 18 Apr, 2015 2:17 PM IST
  • Leaked Sony email shows Snapchat set aside 0.11% stock for ex-Apple executive to be advisor

    Washington, Apr. 18 (ANI): A leaked email from the Sony Pictures hack that was made easier to access by Wikileaks has showed that Snapchat set aside 0.11 percent of its stock for former Apple head of iOS ... … More »

    ANI - Sat 18 Apr, 2015 12:54 PM IST
  • Google's project Loon close to launching thousands of balloons to provide internet access from sky

    Washington, Apr. 18 (ANI): Google has announced that its Project Loon that has been underway for a couple of years is now close to launching thousands of balloons in order to provide Internet access from ... … More »

    ANI - Sat 18 Apr, 2015 12:54 PM IST
  • Microsoft to release 'Universal' set of Office application for Windows 10 smartphones

    Washington, Apr. 18 (ANI): Microsoft has announced that it will release a set of Office applications by the end of April which it says is "Universal" for smartphones running Windows 10. … More »

    ANI - Sat 18 Apr, 2015 11:37 AM IST
  • Amity patented herbal mosquito repellant commercialized for societal benefit

    Noida (Uttar Pradesh), Apr.18 (ANI): Amity has patented a herbal-based mosquito repellant, which has been commercialized by the Delhi-based Tarini Herbal Company for manufacturing mosquito repellent sticks, ... … More »

    ANI - Sat 18 Apr, 2015 11:37 AM IST
  • Zuckerberg rejects Indian claims of Internet.org being against net neutrality

    London, Apr. 18 (ANI): Facebook CEO Mark Zuckerberg has said in response of Indian claims against his Internet.org initiative that they want "as many internet providers to join so as many people as ... … More »

    ANI - Sat 18 Apr, 2015 11:26 AM IST
  • Wall St Week Ahead - Investors look to earnings for market direction

    Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy. Equities lost ground after industrials Honeywell International and General Electric took hits from the … More »

    Reuters - Sat 18 Apr, 2015 11:07 AM IST
  • Workers claim Wal-Mart closed California store in retaliation

    Some employees accused Wal-Mart Stores Inc on Friday of closing a location in the Los Angeles area for six months in retaliation for workers demanding for better wages and benefits. The closures include a location in Pico Rivera, California, that has been a center of protests by workers in recent … More »

    Reuters - Sat 18 Apr, 2015 8:26 AM IST
  • Eurogroup head warns against a game of chicken with Greece

    Eurogroup head warns against a game of chicken with Greece

    Greece and the euro zone should not play a game of chicken to see who can hold out longer in negotiations about more lending to Athens in exchange for reforms, the chairman of euro zone finance ministers Jeroen Dijsselbloem said on Friday. Speaking to reporters on the sidelines of the … More »

    Reuters - Sat 18 Apr, 2015 4:33 AM IST

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