Strike continues at Tata Nano plant
Ahmedabad, Feb 24 (IANS) A strike by a section of workers at the Tata Motors’ Nano plant at Sanand near here entered the second day on Wednesday. Assistant Labour Commissioner M.S. Patel said the striking…
Business
Caution over upcoming macro-economic events subdues markets
Mumbai, Feb 24 (IANS) Caution-selling ahead of the upcoming railway budget and derivatives expiry depressed the Indian equity markets on Wednesday. Consequently, the barometer 30-scrip sensitive index (Sensex) of the BSE closed the day’s trade…
Viacom18 forays into Hindi movie genre
Mumbai, Feb 24 (IANS) Entertainment conglomerate Viacom18 on Wednesday announced its new Hindi movie channel Rishtey CINEPLEX. The first Hindi movie channel from the house of Viacom18, Rishtey CINEPLEX will offer a holistic entertainment experience…
Fears of spending cuts dent railway stocks
Mumbai, Feb 24 (IANS) Fears of spending cuts, coupled with lower revenue realisation in the upcoming railway budget dented the sector specific stocks on Wednesday. According to market observers, stocks of companies associated with the…
Ola to create 50,000 entrepreneurship opportunities in UP
Lucknow, Feb 24 (IANS) Personal transportation mobile application company, Ola, has signed a Memorandum of Understanding with the Uttar Pradesh government to provide entrepreneurship opportunities for 50,000 men and women across the state over the…
Meizu m2 smartphone now available on Flipkart
New Delhi, Feb 24 (IANS) After receiving a tremendous response in India, leading Chinese smartphone brand Meizu on Wednesday made its debut for sale on the e-commerce platform Flipkart, the company said in a statement….
Google, TechHub join hands to boost ‘Startup India’ initiative
New Delhi, Feb 24 (IANS) Internet giant Google and global community for tech entrepreneurs TechHub on Wednesday announced their global partnership that will benefit startups from India for the first time. The partnership with Google…
OPEC daily basket price closes lower
Vienna, Feb 24 (IANS/WAM) The price of OPEC’s basket of thirteen crudes stood at $28.94 a barrel on Tuesday, compared with $29.48 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of…
Chinese shares on roller-coaster ride
Beijing, Feb 24 (IANS) Chinese shares staged a remarkable rally on Wednesday, recovering from the early losses brought about by small-cap stocks. The benchmark Shanghai Composite Index surged 0.88 percent to close at 2,928.9 points…
Caution over upcoming macro-economic events subdues markets
Mumbai, Feb 24 (IANS) Caution-selling ahead of the upcoming railway budget and derivatives expiry depressed the Indian equity markets on Wednesday. Consequently, the barometer 30-scrip sensitive index (Sensex) of the BSE provisionally closed the day’s…
Xiaomi’s new flagship smartphone to take on rivals
Beijing, Feb 24 (IANS) Chinese smartphone maker Xiaomi released its new smartphone Mi5 on Wednesday, after a year of attempting to maintain its dominance in the world’s largest smartphone market with budget devices. The Mi5,…
With economic jitters, gold imports surge 85 percent
By Abhishek Waghmare IndiaÂs gold imports surged 85 percent in January 2016, indicating how, as stock markets decline and some economic indicators worsen in the run up to Finance Minister Arun JaitleyÂs third budget, Indians…
Maldives airport arbitration tribunal favours GMR Group
New Delhi, Feb 24 (IANS) Infrastructure conglomerate GMR Group on Wednesday said the Maldives airport arbitration tribunal has ruled in favour of the group in the Axis Bank debt case. “By its award dated 23rd…
Pro-Apple protest against FBI in New York
New York, Feb 24 (IANS) A group of activists gathered here outside Apple’s flagship store to protest against the FBI’s attempt to install software with backdoors in all of Apple’s iPhones. With posters saying “Don’t…
US fines French firm for doing business with Cuba
Havana, Feb 24 (IANS) The US Treasury Department has fined a French firm for doing business in US equipment with Cuba in violation of the United State trade embargo against the Caribbean island nation. CGG…
Japan shares end lower
Tokyo, Feb 24 (IANS) Japan shares ended the morning session lower on Wednesday on a firmer yen and the decline in oil prices. The 225-issue Nikkei Stock Average declined 103.74 points, or 0.65 percent, from…
How India can benefit by leapfrogging into Fourth Industrial Revolution
By Anil K. Rajvanshi Last month, the major agenda item at the World Economic Forum in Davos was the Fourth Industrial Revolution (FIR). Since FIR is already under way in some of the advanced economies…
Markets open on negative note on Wednesday
Mumbai, Feb 24 (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade. The Sensex of the BSE after opening at 23,332.94 points touched a…
Tokyo shares open lower
Tokyo, Feb 24 (IANS) Tokyo shares opened the trading on Wednesday lower as sentiment here was weighed down by the yen’s appreciation and the oil prices’ retreat. At 9.15 a.m. (local time), the 225-issue Nikkei…
Canadian stocks close lower
Toronto, Feb 24 (IANS) Canada’s main stock market in Toronto dipped into negative territory after crude oil prices fell back over Saudi plans on no production cuts. The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX…