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Sikka quits as Infosys CEO, cites negative remarks against him

Sikka quits as Infosys CEO, cites negative remarks against him

Bengaluru, Aug 18  In a dramatic development, global software major Infosys Chief Executive Officer (CEO) and Managing Director (MD) Vishal Sikka resigned on Friday citing continuous disruptions and personal and negative remarks against him. His resignation...
Reliance Power’s Sasan Mine awarded National Safety Award

Reliance Power’s Sasan Mine awarded National Safety Award

New Delhi, Aug 18  Reliance Power on Thursday said its Sasan captive coal mine has been awarded the National Safety Award (Mines) for 2013 and 2014. According to the company, its Sasan Mine was awarded for its “commendable safe work environment...
Google rolls out ‘Q&A’ feature to Maps, mobile Search

Google rolls out ‘Q&A’ feature to Maps, mobile Search

San Francisco, Aug 17  Google has rolled out ‘Questions & Answers’ feature to Google Maps and mobile Search to help users get information about places they want to go to. Users can ask or answer a question — or read the existing...
SpiceJet launches third flight under Udan scheme

SpiceJet launches third flight under Udan scheme

New Delhi, Aug 16 (IANS) Budget passenger carrier SpiceJet on Wednesday said it has launched services on the Hyderabad-Puducherry sector. The airline said this is its third daily flight launched under the Udan (Ude Desh ka Aam Naagrik) scheme. “Puducherry...
Reliance Defence to change name to Reliance Naval and Engineering Ltd

Reliance Defence to change name to Reliance Naval and Engineering Ltd

Mumbai, Aug 16 Reliance Infrastructure controlled Reliance Defence and Engineering Ltd (RDEL) is all set to change its name to Reliance Naval and Engineering Ltd (RNEL). The change of name is in line with the company’s focus on building capabilities...
Seven Indian companies among 200 in green energy revenues

Seven Indian companies among 200 in green energy revenues

New Delhi, Aug 15 (IANS) India is among the top 11 countries as seven of its companies are among a list of the 200 largest publicly traded entities that are making significant revenue from clean energy, an international report said on Tuesday. India...
Google announces voice search support for eight Indian languages

Google announces voice search support for eight Indian languages

New Delhi, Aug 14  Google on Monday launched voice search support for eight additional languages spoken in India, allowing people to use their voice to dictate queries both in Gboard on Android and in Search through the Google App. The languages are...
GMR Infra’s Q1 loss down 44% at Rs 107 cr

GMR Infra’s Q1 loss down 44% at Rs 107 cr

Mumbai, Aug 14  GMR Infrastructure Ltd (GIL) on Sunday posted a 44 per cent reduction in loss for the first quarter ended June at Rs 107 crore, as compared to the total comprehensive loss of Rs 190 crore it had incurred in the like quarter of the preceding...
Sahara’s Aamby Valley up for auction at Rs 37K cr

Sahara’s Aamby Valley up for auction at Rs 37K cr

Mumbai, Aug 14  In a major setback to the Subrata Roy-owned Sahara Group, the Bombay High Court on Monday put up its prestigious Aamby Valley property in Maharashtra for a public auction. The Official Liquidator (OL) for the Aamby Valley City in Lonavala...
HBO reportedly offered $250,000 to hackers

HBO reportedly offered $250,000 to hackers

San Francisco, Aug 12 (IANS) In a bid to contain further leaks from a group of hackers, HBO reportedly offered to pay $250,000 to those who stole nearly 1.5TB data, including scripts of ‘Game of Thrones’ (GoT) and other employee information,...

Jet Airways to offer 20-30% discounted fares

New Delhi, Aug 11  Full service carrier Jet Airways on Thursday said it will offer 30 per cent discount on economy fares and 20 per cent on premiere fares in a six-day celebratory fare sale starting on August 11. “Tickets purchased as part of the...
New WhatsApp Beta version shows UPI payment feature

New WhatsApp Beta version shows UPI payment feature

San Francisco/New Delhi, Aug 10 WhatsApp will soon facilitate instant money transfer via the Unified Payments Interface (UPI) transaction system, shows a new Beta update by the Facebook-owned mobile messaging platform. According to a blog website WABetaInfo...
Facebook launches YouTube competitor called ‘Watch’

Facebook launches YouTube competitor called ‘Watch’

San Francisco, Aug 10  In an apparent bid to take on Google-owned YouTube, Facebook has rolled out ‘Watch’ – a redesigned video platform for creators and publishers. The social media giant last year launched ‘Video’ tab...
Reliance Foundation’s Rs 10 cr aid for 4 flood-hit Gujarat villages

Reliance Foundation’s Rs 10 cr aid for 4 flood-hit Gujarat villages

Banaskantha, Aug 10  Mukesh Ambani-led Reliance Industries’ (RIL) philanthropic arm on Wednesday announced it is in talks with the Gujarat government to adopt four worst affected villages in flood-hit Banaskantha district for rehabilitation beyond...

Multiplicity of GST rates is a challenge : Ex-RBI official

New Delhi, Aug 9 (IANS) Former RBI Deputy Governor Rakesh Mohan on Wednesday said the GST rollout was a colossal task achieved after over a decade but the multiplicity of rates still remained a challenge. “GST has been achieved after a decade....

JSPL’s Q1 consolidated loss falls to Rs 420 cr

New Delhi, Aug 9  The Naveen Jindal-led Jindal Steel and Power Ltd (JSPL) on Tuesday announced a reduction in its consolidated loss to Rs 420.4 crore for the first quarter of the current fiscal ended June on the back of better operational performance. JSPL...

Online travel agents can deduct 1% tax collected at source : CBEC

New Delhi, Aug 8 (IANS) Online travel agents fall in the category of e-commerce operators and can deduct 1 per cent tax collected at source (TCS) under the GST, the Central Board of Excise and Customs (CBEC) said on Tuesday. “Online travel agents...

Sebi initiates action against 331 suspected ‘shell companies’

Mumbai, Aug 8 (IANS) Stock market regulator Sebi has asked major domestic equity indices to initiate action against 331 listed firms which are suspected of being “shell companies”. The development comes a day after the market regulator directed...

Idea Cellular seeks NCLT approval for merger with Vodafone

New Delhi, Aug 8  Consequent to the approval given by the Competition Commission of India (CCI) for Vodafone-Idea merger, Idea Cellular has filed an application before the National Company Law Tribunal (NCLT) for its approval, a company statement said...

Rupee’s high external value hurting exporters: Assocham

New Delhi, Aug 7  The external value of the Indian rupee currently supersedes its internal strength and the resulting mismatch is hurting exporters, whose competitive edge gets hit with the declining value of the dollar vis-a-vis the rupee, industry...