Business

Microsoft India inaugurates conference on machine learning, AI

Mon, 08/08/2016 - 16:08

Bengaluru, Aug 8 (IANS) Aimed at exploring the possibilities with machine learning and artificial intelligence (AI) to develop apps and services, Microsoft India on Monday inaugurated the first edition of its two-day "Machine Learning and Data Sciences (ML&DS) Conference" here.

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Taxation rate to be worked out by GST Council: Jaitley

Mon, 08/08/2016 - 16:06

New Delhi, Aug 8 (IANS) Without delving into specifics on the taxation rate under the Goods and Services Tax (GST) regime, Finance Minister Arun Jaitley here on Monday said it will be worked out by the GST Council.

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Positive global cues lift equity markets

Mon, 08/08/2016 - 15:48

Mumbai, Aug 8 (IANS) Positive global cues, along with hopes of parliamentary approval for a major economic legislation and higher crude oil prices, buoyed the Indian equity markets on Monday.

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Britannia Industries net profit up 13% in Q1

Mon, 08/08/2016 - 15:26

Kolkata, Aug 8 (IANS) FMCG major Britannia Industries Ltd. on Monday reported a 13 per cent rise in its consolidated net profit to Rs 219.13 crore in the quarter ended June 30, 2016, as compared to Rs 193.66 crore in the corresponding period in 2015.

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Positive global cues lift equity markets

Mon, 08/08/2016 - 14:54

Mumbai, Aug 8 (IANS) Positive global markets, along with hopes of parliamentary approval for a major economic legislation and higher crude oil prices, buoyed the Indian equity markets during the late-afternoon trade session on Monday.

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Sterlite Technologies to create smart network professionals in India

Mon, 08/08/2016 - 14:14

Pune, Aug 8 (IANS) Sterlite Technologies, which designs, builds and manages data networks for telecoms globally, on Monday launched the Sterlite Tech Academy to create a talented pool of network professionals who can handle smart data networks for 'Digital India', 'Smart Cities' and 4G rollout.

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More people now prefer businesses they can message: Facebook

Mon, 08/08/2016 - 14:06

New York, Aug 8 (IANS) With an increase in business-consumer interaction on mobile messaging platforms, 53 per cent of consumers today prefer shopping with a business they can message, a survey by social media giant Facebook has revealed.

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OPEC daily basket price closes higher

Mon, 08/08/2016 - 13:56

Vienna, Aug 8 (IANS/WAM) The price of OPEC's basket of 14 crudes rose to $40.08 a barrel on Friday, compared to $39.60 on Thursday, according to the OPEC Secretariat.

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Law for bad debts recovery good for Indian banks: Moody's

Mon, 08/08/2016 - 13:30

Chennai, Aug 8 (IANS) Moody's said on Monday the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions Bill, 2016, and the Insolvency and Bankruptcy Code, 2016 (bankruptcy), will lead to structural improvements in banks dealing with bad assets.

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Zen Mobile launches new smartphone at Rs 5,499

Mon, 08/08/2016 - 12:58

New Delhi, Aug 8 (IANS) Domestic mobile manufacturer Zen Mobile on Monday launched a new Cinemax 3 smartphone at Rs 5,499 that comes pre-loaded with games, live TV streaming app NexGenTV, music streaming service Saavn and Vuliv video player.

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Zen Mobile launches new smartphone at Rs 5,499

Mon, 08/08/2016 - 12:58

New Delhi, Aug 8 (IANS) Domestic mobile manufacturer Zen Mobile on Monday launched a new Cinemax 3 smartphone at Rs 5,499 that comes pre-loaded with games, live TV streaming app NexGenTV, music streaming service Saavn and Vuliv video player.

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