IT/ITes

  • Mumbai, Sep 24 (IANS) Positive global and domestic cues marginally lifted the Indian equity markets during the week ended Friday. However, gains were ceded due to volatility over global event risks, outflow ...

  • Mumbai, Sep 23 (IANS) Profit booking, along with negative global cues and an outflow of foreign funds, suppressed the Indian equity markets on Friday. Both the key indices closed in the red due to heavy ...

  • Huawei to start India smartphone production in Oct Reuters - Fri 23 Sep, 2016 5:45 PM IST
    Journalists attend the presentation of the Huawei's new smartphone in Paris

    MUMBAI/BEJING (Reuters) - Chinese telecoms giant Huawei Technologies Co Ltd will start making smartphones in India next month, the company said on Friday, joining a wave of compatriots setting up plants in the world's third-biggest mobile market. The plant will be operated with the Indian arm of electronics manufacturer …

  • New Delhi, Sep 23 (IANS) Joining the bandwagon to Make in India, Chinese technology major Huawei on Friday announced to manufacture smartphones in the country in collaboration with leading sketch-to-scale solutions provider Flex. Starting from the first week of October, the Flex plant in Chennai will manufacture one of …

  • Wipro consumer arm buys Chinese personal care firm IANS - Thu 22 Sep, 2016 7:50 PM IST

    Bengaluru, Sep 22 (IANS) Wipro Consumer Care & Lighting's Singapore subsidiary on Thursday announced acquiring 100 per cent shareholding of Zhongshan Ma Er Daily Products Ltd of China in an all-cash deal ...

  • Equity markets slip on global cues, profit booking IANS - Wed 21 Sep, 2016 6:50 PM IST

    Mumbai, Sep 21 (IANS) The Indian equity markets on Wednesday closed flat, as the initial gains were pared by a last hour bout of profit booking. In addition, investors sentiments were dented by caution ...

  • Mumbai, Sep 17 (IANS) Indian equity markets gave way to the bears during the truncated trading week ended Friday, as investors' sentiments were eroded by speculation of a possible US rate hike and weak macro-economic data. Similarly, the 51-scrip Nifty of the National Stock Exchange (NSE) edged down 86.85 points or 0.98 …

  • Renewing Big Blue India Today Group - Sat 17 Sep, 2016 5:09 PM IST

    How Vanitha Narayanan brought global tech major IBM back in the swing.

  • Mumbai, Sep 16 (IANS) Reduced chances of a US rate hike, coupled with foreign fund inflows and value buying, lifted the Indian equity markets on Friday. Besides, healthy macro-economic data on foreign ...

  • Oracle (ORCL.N) employees were at work on Monday when protesters entered their nine-storey building in India's technology hub, Bengaluru, and asked them to leave in support of demonstrations that had erupted across the city over a water dispute. A spokeswoman for Oracle in India said no one was available to comment on …

  • New Delhi, Sep 14 (IANS) Information technology (IT) major Tech Mahindra and mobility solutions firm Mahindra Comviva on Wednesday jointly launched Data Revenue Booster (DRB) for mobile operators. DRB ...

  • Mumbai’s economy (soon) as big as Malaysia’s (now)? … Truewealth Publishing - Wed 14 Sep, 2016 8:15 AM IST
    Mumbai’s economy (soon) as big as Malaysia’s (now)? India’s growth in context

    China is the big kid on the playground in east Asia. But it’s increasingly India – the world’s fastest-growing large economy – that should get more attention… even (or especially) when it comes to the “internet of things” and the tech revolution. In case you forgot: India has the world’s second-largest population, […]

  • One killed in riots in Bengaluru over Cauvery disp … Reuters - Tue 13 Sep, 2016 3:01 AM IST
    Men ride a motorcycle past a lorry which was set on fire by protesters in Bengaluru

    At least one person was killed and another wounded when police opened fire to quell rioting that erupted in Bengaluru on Monday over a long-running river water dispute with Tamil Nadu, an official said. Fifteen policemen were wounded after protesters set cars and buses on fire and pelted people with stones, L. Chandrashekar, …

  • Equity markets plunge on bearish global cues IANS - Mon 12 Sep, 2016 6:36 PM IST

    Mumbai, Sep 12 (IANS) The increased possibility of a US rate hike, coupled with profit-booking and outflow of foreign funds, dragged the Indian equity markets lower on Monday. Both the key equity indices ...

  • Mumbai, Sep 9 (IANS) Profit booking, coupled with negative global markets and lower crude oil prices, dragged the Indian equity markets lower on Friday. Both the key equity indices, after starting off ...

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Oil & Gas

  • U.S. moves toward finalising duties on certain Indian … Reuters - Sat 24 Sep, 2016 1:14 AM IST

    The U.S. Commerce Department on Friday said India was dumping welded stainless pressure pipe in the United States at below market value and unfairly subsidizing the products. The duties will become final if the International Trade Commission determines the U.S. industry was being harmed. In 2015, imports of the products …

  • Bharat Petroleum Corp Ltd is looking at buying more stakes in oil and gas assets that are already producing to speed up investment returns, the managing director of the company's exploration business told Reuters. BPCL plans to invest 150 to 200 billion rupees ($2.25 billion to $3.00 billion) over the next five years in …

  • European shares touch 2-week high as Fed keeps rates … Reuters - Thu 22 Sep, 2016 1:42 PM IST
    Traders work at their desks in front of the German share price index DAX board in Frankfurt

    European shares climbed to a two-week high on Thursday, boosted by a rally in mining equities, after the U.S. Federal Reserve left interest rates unchanged and projected a less aggressive path for hikes next year and in 2018. The Fed, however, signaled it could still tighten monetary policy by the end of this year as the …

  • Adani Enterprises says commissions 648-MW solar power … Reuters - Wed 21 Sep, 2016 2:47 PM IST

    Adani Enterprises Ltd said it had commissioned a 648 megawatts solar power plant in the southern state of Tamil Nadu, a step closer to its goal of achieving solar power generation capacity of 3,500 MW by March next year. The company, controlled by billionaire Gautam Adani, said in a statement on Wednesday that the plant, …

  • HIGHLIGHTS: Thomson Reuters/INSEAD Q3 Asian Business … Reuters - Wed 21 Sep, 2016 9:38 AM IST
    A man walks on a bridge in the financial district of Pudong in Shanghai,

    Optimism among Asia-Pacific companies rose for the third straight quarter in July-September 2016 on signs China's growth is stabilising, although they remained wary of risks from volatile oil prices and ...

  • File photo illustration of bank notes and coins of various currencies including the Singapore dollar

    Foreign demand for Asia's local currency bonds was patchy in August, showing signs of reversal in some markets as investors worried whether global monetary easing will continue and about broadly rising ...

  • U.S. retail sales, factory output slump; Q3 growth … Reuters - Thu 15 Sep, 2016 11:10 PM IST
    A shopper holds her bags as she tries to hail a cab in New York

    U.S. retail sales fell more than expected in August amid weak purchases of automobiles and a range of other goods, pointing to cooling domestic demand that further diminishes expectations of a Federal Reserve interest rate increase next week. If the Fed is data dependent, then the next time a hike would likely come is …

  • New Delhi, Sep 15 (IANS) State-run explorer Oil and Natural Gas Corp (ONGC) has signed definitive agreements with Russian state-run oil major Rosneft OAO to purchase additional 11 per cent stake in JSC Vankorneft. "The daily production from the field is around 421,000 barrels per day (bpd) of crude oil on an average and …

  • India's Oil Minister Pradhan speaks during an interview with Reuters in New Delhi

    India's oil demand growth is set to exceed 11 percent this year as the world's third-largest oil and gas consumer accelerates its economic development, Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Monday. The minister was speaking in London ahead of a presentation of India's bid round for discovered …

  • India's Oil Minister Pradhan speaks on phone during an interview with Reuters in New Delhi

    India aims to reduce its hydrocarbon imports by 10 percent by 2022 through increasing domestic output, fuel efficiency and the use of alternative energy, its oil minister said on Friday. India currently imports 70-75 percent of its energy requirements, Minister of State for Petroleum and Natural Gas Dharmendra Pradhan …

  • Enbridge buying Spectra in $28 billion deal Reuters - Tue 6 Sep, 2016 10:18 PM IST
    The entrance to Enbridge Inc.'s crude oil storage tank farm in Cushing

    Canada's Enbridge Inc said on Tuesday it would buy Spectra Energy Corp of Houston in an all-stock deal valued at about $28 billion (C$37 billion) to create the largest North American energy infrastructure company. The takeover, the most significant energy deal since oil and natural gas prices crashed in mid-2014, highlights …

  • Despite cuts, Big Oil to expand production into the … Reuters - Mon 5 Sep, 2016 5:23 PM IST

    Never mind the drop in crude prices, huge spending cuts and thousands of job losses - the world's top oil and gas companies are set to produce more than ever for some time. While top oil companies struggle with slumping revenues following a more than halving of prices since mid-2014 after years of spectacular growth, their …

  • Rising oil import costs may become Asia's growing  … Reuters - Sun 4 Sep, 2016 7:51 AM IST
    A gas pump is seen hanging from the ceiling at a petrol station in Seoul

    A widening gap between Asia's oil production and demand is creating a growing capital drain for the region and leaving countries vulnerable to global supply disruptions and a sudden surge in oil prices. Asia's net oil imports surpassed the total amount of oil consumed in North America in 2015 and are set to rise after …

  • Mukesh Ambani, chairman of Reliance Industries Limited, poses for photographers before addressing the annual shareholders meeting in Mumbai

    Reliance Industries unveiled its Jio telecom network on Thursday, touting free calls and rock-bottom data prices that sent shares of established telecom players into a nosedive on fears of an all-out price war. Reliance Chairman Mukesh Ambani, India's richest man, told the energy group's annual shareholders' meeting that …

  • Oil glut to ease by 2017, clean energy investment to … Reuters - Thu 1 Sep, 2016 2:31 PM IST
    A ship passes a petro-industrial complex in Kawasaki near Tokyo

    The International Energy Agency (IEA) expects oil markets to reach a balance between supply and demand in 2017 as the current oil glut slowly eases, IEA chief Fatih Birol said during meetings in South Korea. The head of the Paris-based agency also exchanged views on the direction of the world's energy markets in the wake …

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Banking & Finance

  • Indian Banks to Modify Interest Rates for Savings  … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian banks may revise the interest rates on saving deposit account balance exceeding Rs 100,000, reported Business Standard. Private sector lenders such as Kotak Mahindra Bank and IndusInd ...

  • Canara Bank to Set up 47 Micro Enterprises Biz Cen … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian public sector lender Canara Bank has plans to set up 47 Micro Enterprises Business (MEB) centres all over the country. The Bangalore-based PSB explained that the proposed MEB centres ...

  • Indian Banks Achieve Jan Dhan Account Opening Targ … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian banks have achieved the target of opening 75.16 million accounts for the low-income households under the Pradhan Mantri Jan-Dhan Yojana (Prime Minister's People Funding Scheme), reported ...

  • Axis Bank Garners $500 Mln via Bonds Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian private sector lender Axis Bank has garnered capital worth $500 million in a 5.5-year dollar-money at 3.25% fixed rate coupon. The Mumbai-based lender has raised the capital through its ...

  • Essar Steel Algoma Garners $1.2 Bln for Debt Refin … Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Essar Steel’s Canadian subsidiary, Essar Steel Algoma, has garnered around $1.2 billion to refinance its previous debts, Business Line reported. The refinancing comprises a debt of $750 million, ...

  • DoT to Start 3G Spectrum Auction from Feb 23, 2015 Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- The Department of Telecommunications (DoT) stated that the proposed spectrum auction will start from February 23, 2015 instead of February 3, Business Standard reported. The delay is due to ...

  • SpiceJet Hopes to Make Profit in 12 Months Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian low-cost carrier SpiceJet aims to see profit within a year after receiving fresh amount of capital by sealing a mega deal, Business Standard reported. The company is about to close the ...

  • Citibank India Names Arvind Vashistha as Its Equity … Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Citibank India, a subsidiary of US-based global financial service corporation Citigroup, has named Arvind Vashistha as its equity markets head. Vashistha would be reporting to Citibank India’s ...

  • NSE, BSE Keen to Set up Small Banks Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Indian bourses the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are considering to open small banks across the country once the Reserve Bank of India (RBI) start the application ...

  • Govt Nominates Hasmukh Adhia as RBI Director Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- The Indian government has nominated Hasmukh Adhia as a director on the Central Board of Directors of the Reserve Bank of India (RBI). Adhia has assumed the new role with effect from November ...

  • Central Bank of India Rolls out Two New Schemes for … Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- India’s public sector lender Central Bank of India has unveiled two latest schemes to facilitate its retail customers to avail housing loan by way of overdraft facility and liquidity on their ...

  • Reliance Jio Garners $1.5 Bln to Repay Loans Contify Investment - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Reliance Jio Infocomm (RJIL), the telecom unit of the diversified group Reliance Industries Ltd (RIL), plans to garner around $1.5 billion from a consortium of 26 banks to refinance the loans. ...

  • India's Domestic Air Traffic Increases 18.31% in Oct … Contify Investment - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Domestic air traffic increased by 18.31% in October this year as airlines carried over 59.25 lakh passengers during the month compared to 50.08 lakh passengers in the same month last year, Directorate ...

  • SBI Likely to Offer $1 Bln Loan to Adani for its Australian … Contify Banking - Mon 17 Nov, 2014 8:21 PM IST

    Nov. 17 – India’s largest public sector lender State Bank of India has inked an agreement with Adani Enterprises allowing the conglomerate to avail loan up to $1 billion for the development of its infrastructure ...

  • Govt to Meet PSB chiefs on Nov 20 Contify Banking - Mon 17 Nov, 2014 8:21 PM IST

    Nov. 17 --The finance ministry has scheduled a meeting with the chiefs of government-owned banks on November 20 to review the financial performance of PSBs and progress of Pradhan Mantri Jan Dhan Yojana ...

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