NEW DELHI (TIP): An influential section of the government is pushing for an additional Rs 50,000-60,000 crore burst of spending to give infrastructure a big mid-year push through the second supplementary demand for grants. Roads, […]
MUMBAI (TIP): RBI governor Urjit Patel has highlighted the new challenge facing the Brics bloc in the form of political risk in the West. The governor said that potential black swan events such as the […]
In another high level exit at Cisco, Indian American Zorawar Biri Singh is the latest to leave the networking giant in the midst of an internal exodus or restructuring. In addition to being CTO, Singh […]
JOHANNESBURG (TIP): Automobile manufacturer Tata has struck a deal with a major South African car hire company to supply Tata Bolt 1.2 Turbo hatchbacks for its national rental fleet. Tata declined to disclose the exact […]
MUMBAI (TIP): A Cushman & Wakefield report on oil released on Wednesday said oil prices are expected to remain below $60 a barrel through 2017 and below $70 through 2020. The research report titled, “Oil: […]
MUMBAI (TIP): The Indian arm of British oil giant BP Plc has received a license from the government to sell jet fuel in India, its country head said on October 6. “India is a huge […]
NEW DELHI (TIP): The government’s ambitious spectrum auctions fell short of expectations, fetching the exchequer Rs 65,789 crore as it could sell only around 40% of the record 2,353MHz airwaves that had been put up […]
Mumbai, Oct 3 : The State Bank of India today announced its entry into Myanmar by opening a branch in the capital city of Yangon, becoming the first domestic lender to do so. The Yangon branch […]
In a major deal for India’s private defence industry, Anil Ambani-led Reliance Group and Rafale maker Dassault Aviation today announced a joint venture (JV) that will be a “key player” in execution of offset contract […]
NEW DELHI: As much as ₹65,250 crore of black money was declared during the four-month compliance window of the Income Declaration Scheme that ended on September 30, finance minister Arun Jaitley said on Saturday. Jaitley said 64,275 declarations were […]
HERNDON Sep 29: ORI, a research and analytics firm that focuses on strengthening customer relationships, today announced the promotion of Indian American Techie Paresh Patel to Chief Technology Officer (CTO). “With more than 20 years […]
MOUNTAIN VIEW (TIP): Alphabet Inc’s Google said on Sept 29 it renamed its business-to-business cloud computing brand and enhanced some enterprise applications using artificial intelligence, the company’s latest gambit to better compete with Amazon.com and […]
WATERLOO, ONT (TIP): It’s official. BlackBerry Ltd., the Canadian company that invented the smartphone and addicted legions of road warriors to the “CrackBerry,” has stopped making its iconic handsets, a news report says. Finally, conceding […]
MUMBAI (TIP): Extending sharp losses, the Sensex slumped about 108 points to 27,719.81 today as the October derivatives series began on a subdued note mirroring a weak trend in the global market. The 30-share Sensex […]
NEW DELHI: Interest rates on small savings schemes have been reduced marginally by 0.1 per cent for the October-December quarter of 2016-17, leading to lower returns on Public Provident Fund, Kisan Vikas Patra, Sukanya Samriddhi […]
PUNE (TIP):With an intent to shorten the waiting period and continue with its strategy of making high-demand cars in India, Mercedes Benz rolled out the Made in India GLC SUV from the assembly line in […]
NEW DELHI (TIP): The Centre has approved a strategic sale in loss-making Bharat Pumps and Compressors Limited. It comes 12 years after a state-run company — Jessop & Company —was last sold through this route. […]
LONDON (TIP): British Airways has signed a revenue-sharing agreement with Qatar Airways, allowing the pair to co-operate on scheduling and pricing, BA’s owner IAG said in a statement on Sept 28. State-owned Qatar Airways owns […]
BERLIN (TIP): Germany’s second largest lender Commerzbank said on Thursday it plans to cut 9,600 jobs, nearly a fifth of its workforce, by 2020 and withhold dividends to pay for a 1.1-billion-euro restructuring. The Frankfurt-based […]
New York: Immigrants contributed 2 trillion dollars to the economy in 2015-16 and Indians are “the most entrepreneurial” of all groups, a new US report on immigration claims, countering the premise that immigrants are a […]
SINGAPORE (TIP): Yoga guru Ramdev’s close associate Acharya Balkrishna has entered the annual Forbes list of India’s 100 Richest People at the 48th position with a net worth of$2.5 billion, owing to his 97 per […]
BENGALURU (TIP): Apple has partnered with Flipkart to sell its iPhone 7 on the Bengaluru-based etailer’s platform from October 7. Flipkart will source iPhone 7 directly from Apple, unlike previous years when it would source […]
GENEVA (TIP): India lost its appeal at the World Trade Organization in a dispute over solar power on Friday, failing to overturn a US complaint+ that New Delhi had discriminated against importers in the Indian […]
MUMBAI (TIP): In the largest foreign direct investment in the country since Narendra Modi-led BJP came to power in 2014, Vodafone Plc, Europe’s biggest mobile service provider, has infused Rs 47,700 crore ($7.5 billion) in […]
NEW DELHI (TIP): State-run BSNL will be the first to cut tariffs to better Reliance Jio ‘s offer, a top official said on Wednesday, setting the stage for a price war in the country’s crowded […]
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