Business

LeEco strengthens top management in India

Fri, 05/27/2016 - 17:54

New Delhi May 27 (IANS) Chinese internet conglomerate LeEco on Friday roped in three industry veterans to bolster its leadership team in India for key business operations.

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Japan to recall 7 mn more vehicles with Takata airbags

Fri, 05/27/2016 - 17:44

Tokyo, May 27 (IANS) Japan's transport ministry on Friday said seven million more vehicles with Takata-made airbags will be recalled within the country, bringing the total number of vehicles called back as a result of the Takata airbag defect in Japan to a whopping 19.6 million.

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ASUS unveils new virtual reality-ready motherboard

Fri, 05/27/2016 - 17:42

New Delhi, May 27 (IANS) Taiwan-based computer hardware company ASUS and Republic of Gamers (ROG) on Friday launched an all-new virtual reality (VR) ready gaming graphics card with ultra-fast gaming performance, advanced cooling and personalised styling.

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NEC needs to re-orient itself for regional development: Modi

Fri, 05/27/2016 - 17:40

Shillong, May 27 (IANS) Prime Minister Narendra Modi on Friday called on the North Eastern Council (NEC), the planning body of the eight northeastern states, to re-orient itself for the region's overall development.

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India needs comprehensive legal framework for cyber security: Expert

Fri, 05/27/2016 - 17:36

New Delhi, May 27 (IANS) At a time when the governments the world over are struggling to tackle cyber attacks and data breach, India needs to come up with a more comprehensive legal approach and framework to address various issues in cyber space, an expert said here on Friday.

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Air travellers prefer devices over people: Survey

Fri, 05/27/2016 - 17:24

Mumbai, May 27 (IANS) Airline passengers across the globe are so comfortable with technology today that they are choosing to use it rather than interacting with people, a recent survey by the communications and IT solution provider SITA said on Friday.

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Income tax department eases rules for FIs on FATCA, CRS

Fri, 05/27/2016 - 16:46

New Delhi, May 27 (IANS) The government has eased implementation of Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) rules for financial institutions (FIs) after consultations with them, an official statement said on Friday.

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India's tax office seeks stakeholder feedback on GAAR norms

Fri, 05/27/2016 - 16:30

New Delhi, May 27 (IANS) India's income tax department on Friday invited stakeholders' comments on the controversial General Anti Avoidance Rule (GAAR) that has provoked concern among foreign investors and implementation of which was deferred earlier.

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Short covering buoys equity markets

Fri, 05/27/2016 - 15:48

Mumbai, May 27 (IANS) Short covering, along with healthy quarterly results and an appreciation in rupee's value, buoyed the Indian equity markets on Friday.

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OPEC daily basket price closes higher

Fri, 05/27/2016 - 15:22

Vienna, May 27 (IANS/WAM) The price of OPEC's basket of 13 crudes rose to $45.43 a barrel on Thursday, compared to $44.97 on Wednesday, according to the OPEC Secretariat.

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Google wins Oracle copyright lawsuit over Android code

Fri, 05/27/2016 - 14:52

New York, May 27 (IANS) In a much-awaited decision, a jury in California's Northern District federal court declared on Friday that Google's use of copyright-protected code in Android was a fair one and freed the tech giant of any liability.

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Two more top executives quit Twitter

Fri, 05/27/2016 - 14:50

New York, May 27 (IANS) In another blow to the micro-blogging website Twitter, two of its top executives are set to leave the company, media report said on Friday.

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Why do people help the sick but not the unemployed?

Fri, 05/27/2016 - 14:44

London, May 27 (IANS) Have you ever wondered why any talk of giving money to the unemployed often triggers a political storm whereas increase in healthcare costs often earn laurels? The answer, say researchers, can be found deep in our psychology, where powerful intuitions lead us to view illness as the result of bad luck and worthy of help.

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