US sanctions may cost Huawei $30 billion in next 2 years: CEO
Jun 17, 2019, at 08:02 pm
Beijing, June 17 (Sputnik): The United States' sanctions on Huawei will force the company to reduce its production capacities, which will in turn result in the tech giant's revenues dropping by approximately $30 billion over the next two years, Huawei CEO Ren Zhengfei said on Monday.
Tata Motors to supply 25 Tigor EVs to Janani Tours in Bengaluru
Jun 17, 2019, at 05:39 pm
Bengaluru, June 17 (IBNS): Automobile major Tata Motors on Monday announced the next milestone on its journey of driving electrification, through its partnership with Janani Tours, to deploy 25 Tigor Electric Vehicles (EVs) in Bengaluru.
Federal Bank deploys IT major TCS’ Digital CASA platform
Jun 17, 2019, at 05:29 pm
New Delhi, Jun 17 (UNI) Global IT services Tata Consultancy Services and Federal Bank announced the deployment of TCS’ Digital CASA Account Opening and KYC Services Platform, resulting in improved customer experience.
Indian market: Sensex slumps by 491.28 pts
Jun 17, 2019, at 05:09 pm
Mumbai, Jun 17 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Monday tanked by 491.28 points to settle at 38,960.79 after India slapped higher tariffs on certain US products in retaliation to Washington’s decision to remove certain trade privileges for New Delhi.
BHEL grabs Rs 800 cr EPC orders for 200 MW Solar Power Plants
Jun 17, 2019, at 05:03 pm
Mumbai, Jun 17(UNI): Bharat Heavy Electricals Limited's (BHEL) Solar Photovoltaic (SPV) portfolio has surpassed 1 GW with the company winning two EPC orders for setting up SPV plants with a cumulative capacity of 200 MW.
Tata Steel moves down by 5.66 pc to Rs 473.05
Jun 17, 2019, at 04:59 pm
Mumbai, Jun 17 (UNI) Tata Steel on Monday slid by 5.66 per cent to Rs 473.05 to be the top losers in the 30-share Sensex pack at the Bombay Stock Exchange (BSE).
Microsoft adds smart Phonetic Indic keyboards in 10 Indian languages for Windows 10
Jun 17, 2019, at 04:35 pm
Kolkata, June 17 (IBNS): As part of its efforts to personalize technology and make it accessible for everyone, Microsoft has announced the release of smart Phonetic keyboards for 10 Indian languages in its May 2019 update (19H1) for Windows 10.
Tata Motors strengthens brand Tigor with Automatic (AMT) variants
Jun 17, 2019, at 03:37 pm
Mumbai, June 17 (IBNS): Automobile major Tata Motors on Monday announced the introduction of two new Automatic (AMT) variants to its Tigor range - the XMA and the XZA+.
Bharti AXA General grows faster than industry at 29% to post full-year profits in FY19
Jun 17, 2019, at 02:07 pm
New Delhi, June 17 (IBNS): Leading private non-life insurer Bharti AXA General Insurance on Monday said the company has registered its maiden full-year profitability in the financial year 2018-19 with a robust 29 per cent growth ahead of the industry growth rate.
India increases tariffs on 28 US products on Sunday
Jun 16, 2019, at 08:29 pm
New Delhi, June 16 (UNI) Higher duties on 28 American products, including almonds, apples and walnuts, came into force on Sunday as a retaliatory measure to the Trump administration's refusal to exempt India from higher steel and aluminum tariffs.
India's digital payments projected to more than double to USD 135 billion in 4 years: Study
Jun 16, 2019, at 09:57 am
Kolkata, Jun 16 (UNI) Turbo-charging expansion in the financial technology (FinTech), India's digital payments transaction value is projected to more than double to USD 135.2 billion in 2023 from USD 64.8 billion this year, according to an ASSOCHAM-PWC India study.
Dutch trade delegation is interested in helping to set up port facilities in West Bengal
Jun 15, 2019, at 03:39 pm
Kolkata, June 15 (IBNS): Kolkata-based the Bengal Chamber of Commerce and Industries (Bengal Chamber) recently organised an interactive session between its members and a Dutch delegation in the presence of Marten Van Den Berg, Ambassador of Netherlands in India.
Fuel prices fall by Rs 16 to 17 p/l for second consecutive day on Friday
Jun 14, 2019, at 05:03 pm
New Delhi, Jun 14 (UNI) Fuel prices fell on Friday for the second consecutive day, as petrol slipped by 17 paise per litre and diesel by 16 p/l, across major cities of the country.
FM Nirmala Sitharaman holds Pre-Budget consultation with representatives of social sector
Jun 14, 2019, at 04:50 pm
New Delhi, June 14 (IBNS); Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman held her Fifth Pre-Budget Consultation Meeting with the stakeholders from Social Sector Groups here today.
WPI inflation at nearly two-year low at 2.45 percent in May
Jun 14, 2019, at 04:12 pm
New Delhi, June 14 (IBNS): In a major development, the wholesale inflation touched a 22-month low figure of 2.45 per cent in May, official data released on Friday said.
Narendra-Modi led reduces ESI contribution to 4 percent for industrial workers
Jun 14, 2019, at 11:37 am
New Delhi, June 14 (IBNS): The Government of India on Thursday took a crucial decision to reduce the rate of contribution under the ESI Act from 6.5 percent to 4 percent (employers’ contribution being reduced from 4.75 percent to 3.25 percent and employees’ contribution being reduced from 1.75 percent to 0.75 percent).
Jun 13, 2019, at 05:23 pm
New Delhi, Jun 13 (UNI): Union Finance Minister Nirmala Sitharaman held her third Pre-Budget Consultation Meeting with the stakeholders from Financial Sector and Capital Markets here on Thursday and the main areas of discussion included issues relating to the Capital Markets, Financial Sector, Non-Banking Financial Companies (NBFCs) and Alternative Investment Funds (AIFs) .
Jun 13, 2019, at 12:10 pm
Tashkent, June 13 (IBNS) The Namangan city in Uzbekistan concluded the International Investment Forum “Doing business with Namangan” organized by the Ministry of Foreign Affairs of Uzbekistan and Khokimiyat of Namangan region along with other affiliated ministries and agencies.
India's consumer inflation in May touches 3.05 percent
Jun 12, 2019, at 06:25 pm
New Delhi, June 12 (IBNS): The Consumer inflation for the month of May touched 3.05 percent, government data said on Wednesday.
Zomato successfully tests its drone technology
Jun 12, 2019, at 05:41 pm
New Delhi, June 12 (IBNS): Heralding the future of aerial food delivery in India, online ordering and food delivery platform Zomato has successfully tested its maiden drone delivery tech.
Tata Motors Group global wholesales at 82,374 in May 2019
Jun 12, 2019, at 05:39 pm
Mumbai, June 12 (IBNS): The Tata Motors Group global wholesales in May 2019, including Jaguar Land Rover, were at 82,374 nos., lower by 23%, over May 2018.
Indian market: Sensex falls by 193.65 pts
Jun 12, 2019, at 05:07 pm
Mumbai, Jun 12 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Wednesday slipped by 193.65 points to settle at 39,756.81 amid selling in banking and financial services counters amid weak global cues.
Japan to invest Rs 13,000 cr in Northeast
Jun 12, 2019, at 04:12 pm
New Delhi, June 12 (IBNS): The Government of Japan has decided to invest an amount of 205.784 billion Yen, equivalent to approximately Rs.13,000 crore, in several ongoing as well as new projects in different states of India's North- Eastern region.
RBI set up six-member committee to review ATM interchange fee structure
Jun 12, 2019, at 02:10 pm
Mumbai, Jun 12 (UNI) In a bid to give a fillip to the ATM deployment in the unbanked areas, the Reserve Bank of India (RBI) has formed a six-member committee to review the ATM interchange fee structure.
K M Shivakumaran assumes charge as BEL Director (HR)
Jun 12, 2019, at 02:08 pm
Bengaluru, June 12 (UNI) K M Shivakumaran has assumed charge as Director (HR) at Navratna Defence PSU Bharat Electronics Limited (BEL) on June 11. He was serving as GM (HR) at BEL’s Bangalore Complex before his elevation.
RBI to waive charges on fund transfers via RTGS, NEFT from July 1
Jun 12, 2019, at 02:01 pm
Mumbai, Jun 12 (UNI) The Reserve Bank of India (RBI) has said it will waive all charges on fund transfer through popular RTGS and NEFT systems from July 1, 2019 in order to provide an impetus to the digital fund movement.
Jun 12, 2019, at 01:55 pm
Mumbai, Jun 12 (UNI) Following were the indicative currency rates and travellers' cheques buying and selling rates per unit.
Rupee opens 6 paise higher against USD
Jun 12, 2019, at 01:53 pm
Mumbai, Jun 12 (UNI) The Rupee on Wednesday opened six paise higher to 69.38 in early trade on selling of US Dollars by bankers and exporters, dealers at Forex Market said.
Jun 12, 2019, at 01:48 pm
Mumbai, Jun 12 (UNI) Snapping a winning streak of last three sessions, the BSE Sensex on Wednesday slipped by 287.47 points at 39,662.99 on selling pressure in banking and IT stocks amid negative global cues.
RBI imposes fine on ZipCash, Yes Bank
Jun 12, 2019, at 01:09 pm
Mumbai, Jun 12(UNI)The Reserve Bank of India (RBI) said that it has imposed a Monetary penalty of Rs 11.25 lakh each on two prepaid payment instrument (PPI) issuers Yes Bank and ZipCash Card Services.