Business

New Zealand unveils new currency notes

The Reserve Bank of New Zealand Thursday unveiled more vibrant and secure currency note designs after a gap of 15 years.

Hyundai to build train factory in Brazil

A subsidiary of South Korea’s Hyundai announced Wednesday it will invest 100 million reais ($38 million) to build a train factory in the southern Brazilian state of Sao Paulo.

Bob Marley’s name lent to global marijuana brand

Private equity firm Privateer Holdings has announced the creation of the "world’s first global cannabis brand" in partnership with the family of late reggae icon Bob Marley.

Chinese yuan strengthens

The value of the Chinese currency renminbi, or the yuan, strengthened by 33 basis points to 6.1397 against the...

Infosys names new CEO, CFO for BPO arm

Global software major Infosys Ltd. has appointed Anup Uppadhayay the new chief executive officer (CEO) and Deepak Bhalla the...

First Nokia-branded Android tablet announced

Finnish mobile communications company Nokia announced its first Nokia-branded Android tablet Tuesday.

Japan PM to dissolve lower house, delays sales tax hike

Japanese Prime Minister Shinzo Abe Tuesday said he will dissolve the lower house of the Diet Nov 21 and postpone the second round of sales tax hike by 18 months in the wake of the country’s severe economic situation.

CBI raids 18 places over Odisha chit fund scam

The CBI Tuesday conducted raids at 18 places in Odisha, New Delhi and Mumbai, including the houses of Rajya Sabha MP Pyarimohan...

Sensex touches new high, capital goods gain

A benchmark index of Indian equities markets touched a new intra-day high of 28,282.85 points, surpassing its previous record of 28,205.71 points hit Monday.

’More information on health, safety of mobile phones should be available’

The health and safety aspects of mobile telecommunications have been a major cause for concern and Communications and IT Minister Ravi Shankar Prasad Monday said more information about these should be available in public domain.

India must decide on joining APEC: Chinese daily

It is high time India took a decision on joining the Asia-Pacific Economic Cooperation (APEC) after having declined to attend the bloc’s annual summit in Beijing earlier this month despite being invited by host China, a leading Chinese daily has said.

Intel unveils new chip for mobility healthcare delivery

World’s largest chip maker Intel Corporation has unveiled a new sensing platform for enabling mobile-based healthcare delivery to masses

Ashok Leyland bags $79 mn worth export orders

Commercial vehicle major Ashok Leyland Ltd. Monday said it has bagged export orders totalling worth $79.2 million

Reliance Life to set up libraries in government schools

Private life insurer Reliance Life Insurance has partnered with non-profit Room to Read to set up over 100 libraries in government primary schools across the country, the company said Monday.

Sensex trades in red; banks stocks down

A benchmark index of Indian equities markets was trading flat in the morning trade session Monday - down 67.26 points or 0.24 percent percent as bank stocks plunged.

Commercial operation of Kudankulam N-plant only in 2015

Commercial operation of the first 1,000 MW unit at Kudankulam Nuclear Power Project (KNPP) is expected to happen only next year with the Central Electricity Regulatory Commission (CERC)

Japanese docs to help develop low-cost surgical devices in India

In a significant move designed to boost Prime Minister Narendra Modi’s ’Make in India’ campaign, a team of Japanese doctors will work with their Indian counterparts in research and development to bring down the high cost of surgical instruments

IMF

G20 to enhance global institutions to meet growth goal

G20 leaders Sunday stressed the need to strengthen global institutions to raise growth and deliver quality jobs.

No guns; Pakistani merchants opt for peace and businesses at the trade fair

Exchanges of bullets, shells or mortars on the Kashmir border have not dampened the morale of Pakistan-based traders and merchants, who are making ’a killing’ of a sales season at the trade fair here.

Odisha CM hopes Posco project will be back on track

Even as South Korean company Posco’s $12 billion steel project, proposed to be set up at Jagatsinghpur, is yet to see the light of the day after nine years

Fighting graft crucial to achieve G20 growth targets: TI

Global anti-corruption group Transparency International (TI) said Saturday that fighting graft is very important for the G20 to achieve its growth targets and lauded China’s collaboration with Australia against corruption.

BRICS leaders dissatisfied with slow IMF reforms

The BRICS leaders Saturday reaffirmed their disappointment and serious concern over the non-implementation of the 2010 International Monetary Fund (IMF) reforms at an informal meeting hours ahead of the G20 leaders summit in Brisbane.

Infosys ties up with DreamWorks for new solutions

Global software major Infosys has entered into a strategic partnership with DreamWorks Animation SKG to develop new engineering solutions.

Repatriation of black money key priority: Modi at BRICS

Indian Prime Minister Narendra Modi Saturday said the repatriation of black money kept abroad was a key priority and called for "close coordination" on the issue during an informal meeting of the five-nation BRICS leaders here.

Sensex gains 65 points; consumer durables stocks surge

A benchmark index of Indian equities markets Thursday was trading 65.37 points or 0.23 percent up in the early session as the consumer durables sector gained.

Chinese yuan strengthens

The value of the Chinese currency renminbi, or the yuan, strengthened by 10 basis points to 6.1418 against the US dollar in its central parity rate Thursday, authorities said.

Sushma Swaraj urges expatriates to invest in India

External Affairs Minister Sushma Swaraj Wednesday called upon the Indian expatriate community to make optimum use of the opportunities being offered by the Narendra Modi government in the manufacturing, infrastructure and trade sectors.

Sensex touches new high; bank stocks roll

A benchmark index of Indian equities markets Wednesday touched a record high of 28,126.48 points, surpassing its previous high of 28,027.96 points of Nov 10.

Bank strike hits business in Karnataka

A day-long strike Wednesday by over 50,000 employees of state-run banks crippled transactions and customer services in about 10,000 branches across Karnataka.

Banking operations in India hit by staff strike

Banking operations in India were hit Wednesday as more than 800,000 employees went on a day’s strike to seek a salary hike and other benefits, union officials said.

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