Business

HCL conferred award for investments, services in Sweden

Fri, 12/15/2017 - 19:38

Noida, Dec 15 (IANS) Global IT services giant HCL Technologies announced that it has been conferred "The Key to the Heart of Gothenburg" award by Gothenburg City in Sweden for being one of the most important international businesses established in 2016-2017.

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India's Forex reserves down $1.04 bn

Fri, 12/15/2017 - 19:38

Mumbai, Dec 15 (IANS) India's foreign exchange (Forex) reserves decreased by $1.04 billion as on December 8, 2017, official data showed on Friday.

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Ordnance factories keen to partner MSMEs: Official

Fri, 12/15/2017 - 19:36

Kolkata, Dec 15 (IANS) Ordnance factories are keen to partner with MSMEs to leverage maximum output for the defence preparedness of the Armed forces and security agencies, a senior official said here on Friday.

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Engineering goods push exports higher to $26 bn in November

Fri, 12/15/2017 - 19:14

New Delhi, Dec 15 (IANS) Healthy off-take of India's engineering and petroleum products pushed exports higher to $26.19 billion in November from $23 billion in October and $20.06 billion during the corresponding month of last year, official data showed on Friday.

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Government to bear MDR on transactions up to Rs 2,000

Fri, 12/15/2017 - 19:12

New Delhi, Dec 15 (IANS) In a bid to encourage electronic payments, the central government will reimburse the Merchant Discount Rate (MDR) applicable on transactions up to Rs 2,000 for the next two years.

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'Kingfisher Villa' in Goa renamed 'King's Mansion'

Fri, 12/15/2017 - 19:10

Panaji, Dec 15 (IANS) The iconic 'Kingfisher Villa', formerly owned by absconding tycoon Vijay Mallya was on Friday renamed 'King's Mansion' by its new owner, Sachiin Joshi, who also operates a liquor manufacturing business, whose products include "King's beer".

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Customs duty on mobile phones increased to 15%, to hurt Apple

Fri, 12/15/2017 - 19:08

New Delhi, Dec 15 (IANS) The government has increased customs duty on various items including mobile phones, a finance ministry notification said here -- a move that will hurt the Cupertino-based giant Apple the most.

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84% manufacturing firms globally embraced software over hardware: Report

Fri, 12/15/2017 - 18:40

New Delhi, Dec 15 (IANS) With the device manufacturing industry embracing software over hardware as its primary business model, a new report said on Friday that 84 per cent of the organisations in the sector globally have already put software at its core in delivering services and generating revenue.

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Exports rise to $26 bn in November

Fri, 12/15/2017 - 18:26

New Delhi, Dec 15 (IANS) India's exports grew to $26.19 billion in November from $23 billion in October and $20.06 billion during the corresponding month of last year, official data showed on Friday.

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Ransomware biggest threat for most Indian firms: Report

Fri, 12/15/2017 - 18:12

New Delhi, Dec 15 (IANS) As cyber attacks grow, 69 per cent of the organisations in India said that ransomware is a significant risk to them while 43 per cent revealed they have experienced ransomware attacks in the past year, a KPMG survey said on Friday.

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Gurugram to have professionally managed bus service

Fri, 12/15/2017 - 18:06

Chandigarh, Dec 15 (IANS) The Haryana government has decided to introduce a professionally managed city bus service in Gurugram to promote public transportation and to reduce dependency of the public on private vehicles for travel needs in the district adjoining the national capital.

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Motorola introduces 3 new 'Moto Mods' in India

Fri, 12/15/2017 - 17:54

New Delhi, Dec 15 (IANS) Chinese smartphone player Motorola on Friday launched three new "Moto Mods" in India which are modular backplates that can be magnetically attached to Moto Z series smartphones and turn the device into a movie projector, boombox or a battery powerhouse.

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Cabinet nod to amend Specific Relief Act for ease of business

Fri, 12/15/2017 - 17:32

New Delhi, Dec 15 (IANS) In a move to further ease procedures for doing business in the country, the cabinet on Friday approved a bill proposing to amend the Specific Relief Act, 1963, Law Minister Ravi Shankar Prasad announced here.

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