Business

Markets hit record highs

A benchmark index of Indian equities markets Thursday touched a record high of 27,390.60 points surpassing its previous high of 27,354.99 hit on Sep 8.

Tweaked foreign equity norms will boost construction: Experts 

The Indian government’s decision to relax the norms for foreign equity in construction will give a major push for funds infusion in the capital-starved realty industry

Twitter, IBM join forces to solve business problems

American multinational IBM and micro-blogging site Twitter have forged a key alliance, where Twitter data would be used to solve business problems via IBM’s cloud-based analytics platform.

Business aircraft operators cry foul over new fleet norms

The Business Aircraft Operators’ Association of India has taken strong exception to a recent notice of the aviation regulator that sets the minimum fleet size for a non-scheduled airline company at three aircraft.

India’s e-commerce industry will consolidate: Spire

he burgeoning Indian e-commerce industry is all set to consolidate in the next five years and only two to three big players will survive, Japnit Singh, senior director, Spire Research and Consulting,

Egyptian PM visits Indian plant in Port Said

Egypt’s Prime Minister Ibrahim Mehleb promised to resolve all issues faced by Indian investors in the country during a visit to the TCI Sanmar plant in Port Said, the largest Indian investment in Egypt.

OPPO unveils thinnest smartphone and much awaited N3

Leading global electronic gadgets maker OPPO launched the latest edition of its N series smartphone at a grand event here Wednesday, featuring its unique rotating camera

Financial experts don’t make smart investments: Study

Financial experts do not make higher returns on their own investments than untrained investors, according to a first study of its kind done by a Michigan State University business scholar.

Wage disclosures lead to salary cuts, job change

In the era of transparency, publicly disclosing personal information - such as government officials’ income - may result in unintended consequences.

Sensex surges 124 points; auto stocks gain

A benchmark index of Indian equities markets Wednesday was trading 124.06 points or 0.46 percent up as auto stocks gained.

India leads South Asia in ’doing business’ easier: World Bank

A new World Bank Group report finds that India set the pace for regulatory reform in South Asia in 2013/14 India with 20 - the region’s largest reforms during the period

Ola cabs signs accord for $210-mn fund from SoftBank

Bangalore, Oct 28 Ola, the mobile application for booking cabs in India, Tuesday said it has signed an accord to raise $210 million from Japan’s SoftBank and its existing investors like Tiger Global, Matrix Partners India and Steadview Capital.

N-deal possible in a month: Iranian president

Tehran, Oct 28 Iranian President Hassan Rouhani has said that a final nuclear deal between Tehran and the six world powers may be possible within a month.

Snapdeal clinches $627 mn funding from Japan’s SoftBank

New Delhi, Oct 28 In another mega-deal in India’s e-commerce space, Snapdeal will raise $627 million from Japan’s SoftBank, a major investor in the global internet space.

Sensex gains 62 points; capital goods stocks surge

Mumbai, Oct 28 A benchmark index of Indian equities markets Tuesday was trading 62.41 points or 0.23 percent up as capital goods stocks gained.

Coal India’s price pooling under review: Coal secretary

Kolkata, Oct 27 The proposal to pool prices of imported and domestic coal for supply to power plants commissioned after 2009 is under consideration of the government, a senior official said Monday.

Rajkot company incommunicado after Swiss bank revelations

Top officials in the Shreeji Group in Rajkot have become incommunicado following revelations by the central government that an owner of the company held Swiss bank account/s.

Sensex starts on positive note

A key Indian equities index started on a positive note Monday, opening nearly 110 points or 0.4 percent, on positive sentiments from the global economy, notably the US.

’Startups should seek quality not quantity in partnerships’

When collaborating with larger companies, startups with a small number of carefully chosen alliances would reap the most benefits, a research showed.

Sundar Pichai to head key Google products, services

Search engine giant Google in a reorganisation of its management has assigned Sundar Pichai the leadership of core Google products, technology magazine Recode reported.

IRDA’s Rs.50 lakh fine on ICICI Lombard

The Insurance Regulatory and Development Authority (IRDA) has fined private non-life insurer ICICI Lombard General Insurance Company Ltd.

25 million boxes of apples sold in Himachal

The apple season in Himachal Pradesh, the fruit bowl of the country is almost over, with over 25 million boxes sold out, an official said Friday.

WTO

India stands firm on objections to WTO Doha Round deal

Even as the World Trade Organisation’s trade deal remained stalled due to India’s objections, an Indian envoy at the UN stood firm on them

Kerala agrees to 45-m width for national highways

The width of two national highways in Kerala will be 45 metres, up from 30 metres as was planned earlier, said Chief Minister Oommen Chandy after the weekly cabinet meeting here Thursday.

Oil

Khamenei wants less reliance on oil

Iran’s Supreme Leader Ayatollah Ali Khamenei called on the country’s officials Wednesday to formulate plans to cut Iran’s dependence on oil revenues and manage the economy on the basis of the domestic capabilities.

Sensex surges over 400 points; auto stocks gain

A benchmark index of Indian equities markets Monday surged up 404.03 points or 1.55 percent as auto stocks gained.

Sensex closes 109 points up

A day after recording one of its steepest falls by 350 points, a benchmark index of Indian equities markets Friday closed the day’s trade 109.19 points

Apple unveils new iPads, Mac operating system

Apple Thursday unveiled its new iPad Air 2 calling it as the "world’s thinnest tablet" along with the new iPad Mini 3

Google announces Android Lollipop, other new products

Google has announced that its new Android operating system, Lollipop, is set for release Friday, and also presented new models of Nexus products

Need to create more jobs: Modi

Prime Minister Narendra Modi Thursday said creating job opportunities for the youth is one of India’s goals.

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