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India becomes net exporter of Electricity for 1st time

For the first time, India has turned around from a net importer of electricity to net exporter of electricity. As per Central Electricity Authori...


RBI exempts banks from opening on April 1 on annual closing

The Reserve Bank of India today said that the bank branches dealing in government businesses need not remain open on April 1 in view of the annual clo...


Samsung launches flagship Galaxy S8, S8 Plus

After much speculation over its built and specifications over past few months, South Korean giant Samsung on Wednesday launched its flagship device, G...


Human waste found in Coca-Cola cans, probe launched

Coca-Cola has called in police to investigate after human waste turned up in a consignment of its drink cans at one of the companys factories in North...


Westinghouse Officially Bankrupt. What Now For Andhra's 6 Nuclear Reactors?

As Westinghouse Electric filed for bankruptcy this morning, with $9.8 billion in liabilities, the United States reassured India that it will not defau...


Etihad to offer iPads, free WiFi to US-bound passengers

Etihad will offer iPads and free WiFi to first and business class passengers on its US-bound flights.The airline's move is in response to the US gover...


Private Indian internet companies raise $2 bn: Jefferies

Unlisted Indian internet companies raised $2 billion dollars through private funding during the first quarter of 2017 as compared to $2.7 billion rais...


Rupee gains 9 paise more against dollar

The rupee advanced 9 paise against the dollar to breach the 65 level at 64.95 -- a fresh 17-month high -- in early session today on increased liquidat...


Sensex recovers 85 points in early trade today

Building on the ongoing recovery, the Sensex added about 85 points in early trade today as a positive global trend kept investors' morale high.Specula...


SBI to raise stake in SBI Card to 74 percent

The country’s largest lender State Bank of India (SBI) on Tuesday said it will increase its stake in SBI Card to 74% by June end.“Stake will be increa...


It's official: Amazon to acquire Souq

Global e-commerce giant Amazon today announced that it has reached an agreement to acquire Dubai-based e-retailer Souq.com for an undisclosed sum."Ama...


GST Bill Proposes to Cut Cap on Tax Penalties

The Central Goods and Services Tax (GST) Bill, one the four legislation introduced in the Lok Sabha on Monday, has a provision which looks to cap the ...


Facebook Hires Apple Veteran to Run Oculus VR Hardware

Facebook Inc. has hired Michael Hillman, a 15-year veteran of Apple Inc., as head of hardware for its Oculus VR division.Hillman held senior engineeri...


Gold prices hit 1-month high

LONDON: Gold rallied more than 1 percent on Monday after US President Donald Trump’s failure to push through a health care reform package on Friday ra...


Samsung, LG, Sony cut TV prices by 15% as Micromax, Sansui, BPL make waves in LED segment

Amid growing threat from small players, the big three-LG, Samsung and Sony- of LED television market in India have decided to cut prices by as much as...


Nissan launches new version of Terrano

Japanese auto major Nissan launched an all new version of its SUV Terrano priced between Rs 9.99 lakh and Rs 13.6 lakh (ex-showroom Delhi).The company...


Sensex back on rails, bounces 127 points

The Sensex registered a good beginning Tuesday as it recouped over 127 points after Monday's loss, with Asia providing a positive backdrop amid sustai...


Global crude oil prices fall towards 50 dollars

Global crude oil prices fell further towards 50 dollars a barrel, today, on uncertainty over whether an OPEC-led output cut will be extended beyond Ju...


Rupee climbs 28 paise against dollar in early trade today

Rupee strengthened by 28 paise to 65.13 against the dollar in early trade today on increased selling of the US currency by banks and exporters.Dealers...


Sensex trips 97 points on global weakness

The benchmark Sensex fell almost 97 points and the NSE Nifty cracked below the 9,100-mark in early trade today as investors took profit in recent gain...


Insurance premium to go up from April 1

Car,motorcycle and health insurance will cost more from April 1, with the Insurance Regulatory and Development Authority of India (Irdai) giving a go-...


Good news for Reliance Jio subscribers, telco set to extend Prime deadline

A report by TeleAnalysis that cites sources familiar with the matter claims that Reliance Jio may extend its Prime membership deadline by a month. Thi...


From chicken shops to snack sellers, I-T knock on Surat doors

As the March 31 deadline for depositing unaccounted money under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) draws closer, the Income Tax department...


General Motors India signs 3-year wage agreement with Talegaon plant workers

As it consolidates manufacturing at the Talegaon plant in Maharashtra, GM India has signed a new three-year wage agreement with the General Motors Emp...


HCL Tech hopes to resolve dispute with MillerCoors over $100 mn lawsuit

India’s fourth largest technology services firm HCL Technologies Ltd says it is in talks to resolve a dispute with MillerCoors LLC, its US client that...


Bajaj, Kawasaki end sales tie-up

Japanese automobile major Kawasaki and Bajaj Auto have decided to end their eight-year-old alliance for sales and services. Bajaj Auto said this would...


All banks, RBI offices to remain open till April 1

The Reserve Bank of India (RBI) has asked all agency banks — all public sector banks and some private banks — to remain open on all days between March...


Gold price surges Rs.350 to Rs.29,350 per 10 gram

Gold prices surged 350 rupees, to 29,350 rupees per ten grams at Delhi's bullion market, yesterday, on increased buying by jewelers. Silver rose 125 r...


SEBI bans Reliance Industries from equity derivatives trading for one

Securities and Exchange Board of India has banned Reliance Industries and 12 other entities from equity derivatives trading for one year. In an order ...


Amazon to buy online retailer Souq.com

DUBAI: Amazon.com Inc. has agreed in principle to buy Dubai-based Internet retailer Souq.com, one of the best-known names in the Middle East’s online ...

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