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India to remain one of the fastest growing economies: Moody’s

India to remain one of the fastest growing economies: Moody’s

Chennai, Jan 16 Global credit rating agency Moody’s Investors Service and its Indian affiliate ICRA Ltd on Monday said India will remain one of the fastest growing major economies globally in 2017 and the government will likely achieve its fiscal...
Ratan Tata congratulates his successor Chandrasekaran

Ratan Tata congratulates his successor Chandrasekaran

Mumbai, Jan 14  Tata Sons’ Interim Chairman Ratan Tata on Friday expressed confidence that his newly-appointed successor N. Chandrasekaran would take “the group to new heights by protecting its values and ethics”.“I congratulate...
SpiceJet to buy up to 205 aircraft from Boeing

SpiceJet to buy up to 205 aircraft from Boeing

New Delhi, Jan 14  To enhance its capacity and expand services, budget passenger carrier SpiceJet on Friday said it will purchase up to 205 aircraft from Boeing, the global commercial jetliners’ manufacturer. According to the airline, the order...
India’s December exports at $23.9 bn grow 6% year-on-year

India’s December exports at $23.9 bn grow 6% year-on-year

New Delhi, Jan 14  Signalling a definitive reversal of the continuous decline in Indian exports through most of last year, official data on Friday showed these grew for the fourth month in a row at $23.89 billion in December 2016, an uptick of an impressive...
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Infosys net up 7% in Q3

Bengaluru, Jan 13  Global software major Infosys Ltd on Friday reported a net profit of Rs 3,708 crore for the third quarter (October-December) of fiscal 2016-17, registering 7 per cent year-on-year (YoY) growth.In a regulatory filing to the BSE, the...
India Inc. welcomes Chandrasekaran as Tata Sons Chairman

India Inc. welcomes Chandrasekaran as Tata Sons Chairman

Mumbai, Jan 13  India Inc. on Thursday welcomed the appointment of Natarajan Chandrasekaran as the new Executive Chairman of Tata Sons.Chandrasekaran, 53, has spent some 30 years in the Tata Group and is the first non-Parsi to head the $103-billion global...
Rajesh Gopinathan, another youngest CEO of TCS

Rajesh Gopinathan, another youngest CEO of TCS

Mumbai, Jan 13  Global software major Tata Consultancy Services (TCS) on Thursday appointed Rajesh Gopinathan as its new Chief Executive Officer (CEO).Like his predecessor, Natarajan Chandrasekaran, Gopinathan is the youngest CEO of the $16.5 billion...
Adani to invest Rs 49,000 cr in Gujarat, Ambani unveils Jio’s digital plans

Adani to invest Rs 49,000 cr in Gujarat, Ambani unveils Jio’s digital plans

Gandhinagar, Jan 10  Adani Group Chairman Gautam Adani on Tuesday that the group has planned investment of Rs 49,000 crore in Gujarat, distributed between expansion of port activities and renewable energy, in the next five years. “We will invest...
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ABB wins $640 mn contract from Power Grid for transmission link

New Delhi, Jan 11  Multinational power equipment maker ABB’s Indian arm on Tuesday announced it has won a contract worth over Rs 4,350 crore ($640 million) for a power transmission link of over 1,800 km that will bring electricity to more than...
Suzlon secures 105 MW wind power project from Axis Energy

Suzlon secures 105 MW wind power project from Axis Energy

Hyderabad, Jan 7  Suzlon Group, one of the leading renewable energy solutions provider, Friday announced that it has secured a 105 MW wind power project from Hyderabad-based Axis Energy Group.Axis Energy Ventures India Private Ltd is the flag ship company...
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Air India offers again seats at same fare as Rajdhani Express

New Delhi, Jan 5  National carrier Air India on Thursday announced a “Special Fares” scheme under which passengers can book tickets at a price equivalent to second class seats in the Rajdhani Express.“National carrier Air India once...
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MobiKwik ties with AIIMS for cashless payment facilities

New Delhi, Jan 3  Domestic mobile wallet platform MobiKwik on Tuesday said it has tied up with All India Institute of Medical Sciences (AIIMS) here to convert all its payment facilities cashless.According to the company, the service will start with resident...
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Google CEO Sundar Pichai to address India’s tech market

New Delhi, Jan 3  Google’s India-born CEO Sundar Pichai is all set to address a domestic technology market with a focus on small and medium businesses in the country on Wednesday.Information Technology Minister Ravi Shankar Prasad will also join...
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Samsung to release Note 7 fire probe results this month

Seoul, Jan 2  The results of the investigation into what caused Samsung Galaxy Note 7 smartphones to catch fire are likely to be released this month, industry sources said on Monday.The announcement is most likely to be made on January 10 or by the end...
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Demonetisation will transform Indian economy : RBI governor

Mumbai, Dec 30  On the eve of the deadline for citizens to deposit demonetised currency in banks, Reserve Bank of India (RBI) Governor Urjit Patel said that demonetisation will have a transformative effect on the economy going forward, despite some short-term...
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Need crisis management plan to tackle cybercrime : Study

New Delhi, Dec 29 (IANS) A leading industry body on Thursday emphasised the need of a crisis management plan to tackle cybercrime in the country. The Assocham-PwC joint study said it is important for the law enforcement agencies to have a system which...
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Note ban policy : RBI’s autonomy under threat, say experts

By Aparajita Gupta New Delhi, Dec 29 (IANS) Has the Reserve Bank of India (RBI) under its new governor, Urjit Patel, surrendered its hard-fought autonomy? Many experts feel so, particularly after the manner in which Prime Minister Narendra Modi’s...
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Microsoft can reach $1 tn market value

New York, Dec 27 The $26.2 billion acquisition of LinkedIn can propel technology giant Microsoft to be the first tech company to attain a market value of $1 trillion, an analyst has said.A report in GeekWire on Monday quoted Michael Markowski, who writes...
Nissan progressing towards 5% market share in India

Nissan progressing towards 5% market share in India

Chennai, Dec 26  Japanese automobile maker Nissan Motor Corporation is progressing steadily towards capturing five per cent market share in India by 2020 with new model launches, said a top official of its Indian operations.“Nissan India is progressing...
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Maruti Suzuki to enhance investment in its R&D centre

New Delhi, Dec 24  Automobile major Maruti Suzuki on Friday said it will enhance its investment in its research and development (R&D) centre in Rohtak by March 2019.The passenger car major has already invested Rs 1,700 crore on the project till March...
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