Saturday , 7 December 2019
Breaking News

Business

Govt to bring tax refund scheme for exporters before cabinet

New Delhi: The government would soon bring the tax refund scheme for exporters before the Union cabinet and would notify it, Commerce and Industry minister Piyush Goyal informed Rajya Sabha on Friday. Replying to supplementaries during the Question Hour, the minister said the government is also engaged in codifying various laws relating to labour into a far more crisper, well …

Read More »

Airtel board to meet next week to consider raising capital

New Delhi: In the aftermath of a loss posted in the second quarter, telecom major Bharti Airtel on Friday said its board will meet on December 4 to consider raising capital through debt or equity. A meeting of the Board of Directors of the company is scheduled to be held on Wednesday, December 4 to consider and evaluate any and all proposals …

Read More »

Apple devices, gaming products hit among Black Friday shoppers

New York/San Francisco : The Black Friday shopping frenzy caught up with people across the globe after Thanksgiving Day and deal shopping was so intense that Costco’s website and app in the US went down and long queues were seen outside hypermarket stores like Walmart, Target and Best Buy. According to USA Today, At a J C Penney store in …

Read More »

Sir Jony Ive formally bids goodbye to Apple

Cupertino: Sir Jony Ive, Apple’s chief design officer who is behind the look and feel of the iPhone or iMac that you use today, has formally left Apple as his biography along with photo disappearing from Apple’s Leadership page. British-origin Ive who worked at Apple for almost 30 years in June announced to move on and decided to form an independent design firm …

Read More »

Credit condition may weaken for Indian non-financial firms

New Delhi/Singapore: Moody’s Investors Service on Thursday said that credit conditions for most of India’s non-financial companies are expected to weaken in 2020. According to the report, ‘Non-financial companies – India 2020 Outlook’, the ratings agency cited sluggish economic growth and lacklustre profitability behind weak conditions. However, the report pointed out that infrastructure companies’ strong market position and essential nature …

Read More »

MCA finds no irregularity in IBHFL’s loans to 5 companies

New Delhi: The Ministry of Corporate Affairs (MCA) has informed the Delhi High Court that it is examining the inspection reports of Indiabulls Housing Finance (IBHFL) and Indiabulls Venture Ltd and did not find irregularity in loans given to the five companies as alleged by a PIL. The ministry, in its affidavit submitted in the court, however, said that it is examining …

Read More »

RIL hits Rs 10 lakh crore market cap

Mumbai: Oil-to-telecom major Reliance Industries (RIL) on Thursday surpassed Rs 10 lakh crore in market capitalisation, becoming the first Indian company to do so. RIL hit its 52-week high on the BSE at Rs 1,581.25 a share, rising 0.64 per cent. While RIL gained nearly 40 per cent during the last year, the Nifty50 index advanced over 13 per cent. Reliance is …

Read More »

Tata Communications ties up with Singapore’s Kacific

Mumbai: Tata Communications on Thursday said that it has partnered Kacific Broadband Satellites Group to provide connectivity and cyber security services to the Singapore-based company. «Kacific has selected it to provide terrestrial connectivity services as it readies for the launch of its first satellite, «Kacific1». Tata Communications would provide global internet and cyber security services for Kacific›s Ka-band satellite network,» …

Read More »

New tomato species to yield up to 1,400 quintals/hectare

Kanpur: In a major boost to farmers, scientists at the Chandra Shekhar Azad University for Agriculture and Technology (CSA) here have developed a tomato species that can yield up to 1,400 quintals per hectare. This species of tomato has been named Namdhari-4266, which is now available to farmers. Interestingly, where tomatoes of common species produce 400 to 600 quintal per …

Read More »

Xiaomi to launch Mi Credit for personal loans in India

New Delhi: Chinese handset maker Xiaomi will launch its Mi Credit platform for personal loans in India on December 3. It is likely that the company will now unveil a revamped version of Mi Credit in the country. The smartphone player sent out invites for the upcoming launch on Thursday. Initially launched in May 2018, Mi Credit is the company’s …

Read More »