Chennai wears deserted look
Chennai, Aug 8 (IANS) Chennai on Wednesday appeared to be in the grip of a shutdown with shuttered shops and businesses and most vehicles going off the roads as a mark of respect to DMK…
Business
US unveils next round of Chinese imports to face tariffs
Washington, Aug 8 (IANS) The Trump administration has unveiled a new list of $16 billion worth of imports from China that will be hit with 25 per cent duties from August 23, marking the second…
EU may get tough on common mobile phone charger requirement
San Francisco, Aug 8 (IANS) European Union are now planning to crack the whip after tech companies have failed to introduce common mobile phone chargers to cut down on electronic waste, the media reported. Companies…
Dedicated Freight Corridor to have first trial run
By Arun Kumar Das New Dehi, Aug 8 (IANS) Although it has moved at a snail’s pace since its inception, the ambitious Dedicated Freight Corridor (DFC) project is finally gearing up for its first trial…
Auctions and interest rates in the times of renewable energy
By Taponeel Mukherjee News about the cancellation of renewable energy auctions demands urgent attention. Renewable energy generation and toll roads have primarily driven India’s infrastructure push in the recent past, especially to attract private investors….
Indian businessmen abducted in Malaysia rescued: Sushma
New Delhi, Aug 8 (IANS) Two Indian businessmen who were abducted in Malaysia earlier in August have been rescued, External Affairs Minister Sushma Swaraj has said. “R.P. Vaidya and K.P. Vaidya who had gone to…
70% smartphone users in India switched brands in Q2: Report
New Delhi, Aug 8 (IANS) More than 70 per cent of smartphone users in India switched brands in the second quarter of this year, befitting Chinese smartphone maker Xiaomi the most which sold nearly 37…
Prepared to defeat Google in China: Baidu CEO
San Francisco, Aug 8 (IANS) As Google is trying to make a comeback in China with censored apps, its biggest rival in the country, Baidu, said it was prepared to take on the US tech…
Snapchat’s daily user count slips to 188 mn
San Francisco, Aug 8 (IANS) Snapchat’s daily active users number shrank 1.5 per cent to 188 million in the second quarter of 2018 — down from 191 million in the last quarter, its parent company…
Equity indices open flat; metal stocks rise
Mumbai, Aug 8 (IANS) The key Indian equity indices traded on a flat-to-positive note on Wednesday morning. According to market observers, metal and consumer durables stocks witnessed healthy buying activity so far. At 9.30 a.m.,…
Musk wants Tesla to go private at $420 per share
San Francisco, Aug 8 (IANS) In a surprise move, Elon Musk has announced to take his electric car maker company Tesla private at $420 per share. Tesla has been public since 2010. “A final decision…
Going private is the best path forward, says Elon Musk
New York, Aug 8 (IANS) Tesla boss Elon Musk is considering taking the electric-car firm private, a move he claimed was the “best path forward” for the company. Musk said de-listing from the stock exchange…
US stocks close higher amid earnings, data
New York, Aug 8 (IANS) US stocks closed higher as investors digested a batch of corporate earnings reports and major economic data. The Dow Jones Industrial Average on Tuesday rose 126.73 points, or 0.50 per…
Paswan urges MPs to pass pending Consumer Protection Bill
New Delhi, Aug 8 (IANS) Minister for Consumer Affairs Ram Vilas Paswan on Tuesday urged the members of Lok Sabha to pass the Consumer Protection Bill, 2018 without debate and stressed that it is a…
Adani Transmission Q1 net jumps 101% to Rs 169 crore
Ahmedabad, Aug 8 (IANS) Gautam Adani-led Adani Transmission Ltd (ATL) on Tuesday posted an over 100 per cent jump in consolidated net profit at Rs 169.34 crore for the first quarter ending June on the…
Chennai bus operators, theatres cancel services on Wednesday
Chennai, Aug 8 (IANS) Private bus operators have decided to stop their services to and from Chennai till Wednesday evening as large number of passengers have cancelled their tickets and also as a precautionary measure,…
Marathe, Gurumurthy appointed part-time Directors on RBI board
New Delhi, Aug 7 (IANS) The Central government on Tuesday announced the appointment of Satish Kashinath Marathe and Swaminathan Gurumurthy as part-time non-official Directors on the central board of Reserve Bank of India (RBI). According…
Must strengthen democratic institutions to maximise globalization benefits: CJI
New Delhi, Aug 7 (IANS) In order to seize the benefits of globalization, developing countries need to strengthen and modernize their democratic institutions and public administration, Chief Justice of India (CJI) Dipak Misra said here…
Petrol bunks to remain closed 6 a.m to 6 p.m. on Wednesday in TN, Puducherry
Chennai, Aug 7 (IANS) Petrol bunks in Tamil Nadu and Puducherry will remain closed dawn to dusk on Wednesday as a mark of respect to DMK President M. Karunanidhi who breathed his last here on…
Birla Corporation net profit up 94% in Q1
Kolkata, Aug 7 (IANS) Birla Corporation on Tuesday reported a 94 per cent increase in its consolidated net profit to Rs 83.86 crore during the quarter ended June 30, 2018 as compared to Rs 43.21…