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Key Indian equity indices open in green

January 13, 2017

MUMBAI: Key Indian equity market indices opened in the green on Friday with companies posting healthy gains in the third quarter earnings. The 30-scrip Sensitive Index (Sensex) was trading 101.87 points or 0.37 per cent higher during the early session. The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 35.85 points or ...

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7.1% GDP estimate erroneous, says Icra

January 07, 2017

NEW DELHI: The advance estimate of 7.1 per cent GDP released by Central Statistical Organisation (CSO), will have major errors as it does not include the data for the months after demonetisation, domestic rating agency Icra has said. The agency on Friday pegged the expected growth for 2016-17 lower at 6.8 per cent. “Given the impact of demo...

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Go cashless with Paytm at PVR, Amusement parks

January 04, 2017

NEW DELHI: Mobile payment and e-commerce platform Paytm on Wednesday announced that it has partnered with PVR, Cinepolis, amusement parks and gaming parlours to enable cashless payments. “Our integration will not only ensure customers to enjoy their share of fun and frolic without worrying about exact change, but also bring us a step closer ...

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IBM appoints Karan Bajwa as Managing Director

January 04, 2017

NEW DELHI: Software giant IBM on Wednesday announced the appointment of Karan Bajwa as Managing Director and Vanitha Narayanan as Chairman of IBM India. Bajwa will be responsible for all strategic and operational matters related to IBM’s sales, marketing, services and delivery operations in the India/South Asia region, including Bangladesh, ...

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Indian equities open on negative note

January 03, 2017

MUMBAI: Indian equities markets opened on a negative note on Tuesday, as investors’ sentiments were suppressed by a weak rupee and domestic macro-economic data, along with dim global cues. The key indices traded in the red during the early morning trade session, as banking, IT and TECK (technology, media and entertainment) stocks witnessed h...

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Google Doodle honours father of the raincoat

December 29, 2016

NEW DELHI: Google has honoured the inventor of waterproof material, Charles Macintosh, with a Doodle on Thursday to mark what would be his 250th birthday. The Scottish chemist's invention, which led to the modern raincoat, is to be credited for making it a lot more convenient to go out in the rain. The Doodle shows Macintosh enjoying a Scottish r...

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Markets open on a positive note on Wednesday

December 28, 2016

MUMBAI: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade. The Sensex of the BSE after opening at 26,243.19 points, touched a high of 26,283.60 and a low of 26,233.77 points. On Tuesday the Sensex closed at 26,213.44 points. The Sensex is trading at 26,275.28 points up by 61.84 po...

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Panasonic India announces winners of 'Mobivation 2016'

December 26, 2016

NEW DELHI: Panasonic India on Monday announced the winners of Panasonic Open-Innovation contest "Mobivation 2016" that was initiated in August. Students of IIT Roorkee emerged as overall winners of the five-month long contest and received a cash prize of Rs 1,00,000 and Panasonic smartphones. "The winners were selected from over 218 nominations. ...

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Demonetisation likely to push up credit from banks: CII

December 26, 2016

NEW DELHI: Demonetisation has led to channeling of public savings into the formal sector, which is likely to give a boost to credit from the banks, that may go for a differentiated interest rate policy on the basis of creditworthiness of borrowers, a top industry body said on Monday. "Demonetisation has created an enormous opportunity to channelis...

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Demonetisation is immoral, theft of people's property: Forbes

December 23, 2016

NEW DELHI: Calling India's demonetisation drive as immoral, Steve Forbes, Editor-in-Chief of Forbes magazine, said it also amounted to theft of people's property. The November 8 move to spike the Rs 500 and Rs 1,000 notes had damaged the Indian economy, future investment and was also an assault on the privacy of common man life by inflicting more ...

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