Business

Lava launches 'Lava A68' for Rs 4,599 in India

Wed, 08/03/2016 - 17:26

New Delhi, Aug 3 (IANS) Domestic mobile handset maker LAVA on Wednesday launched 'Lava A68' smartphone at Rs 4,599 -- a 3G device powered by the latest Android 6.0 Marshmallow operating system.

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Half of Indian CIOs to move to all-flash data centre by 2020: EMC

Wed, 08/03/2016 - 17:04

New Delhi, Aug 3 (IANS) All-flash storage is rapidly becoming the storage technology of choice for the chief information officers (CIOs) in India and 70 percent of enterprises in India expect to have an all-flash storage infrastructure to support most business critical applications by 2020, a new survey said on Wednesday.

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Emami Ltd's net profit down in Q1, augments production capacity

Wed, 08/03/2016 - 16:58

Kolkata, Aug 3 (IANS) Fast moving consumer goods major Emami Ltd. on Wednesday reported a 34.59 per cent dip in its net profit to Rs 56.65 crore in the this fiscal's first quarter ended June 30 compared with Rs 86.61 crore in the corresponding period last fiscal.

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OPEC daily basket price closes lower

Wed, 08/03/2016 - 16:48

Vienna, Aug 3 (IANS/WAM) The price of OPEC's basket of 14 crudes dipped to $38.29 a barrel on Tuesday, compared to $39.10 on Monday, according to the OPEC Secretariat.

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Sharp rise in vulnerability of critical infrastructure: FireEye

Wed, 08/03/2016 - 16:42

New Delhi, Aug 3 (IANS) The vulnerabilities in industrial control systems (ICS) -- the technological backbone of electricity grids, water supplies and production lines -- have risen sharply over the past six years including in India, the US-based network security company FireEye revealed on Wednesday.

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Berger Paints transfers car paint division to BNB Coatings

Wed, 08/03/2016 - 16:26

Kolkata, Aug 3 (IANS) Hoping to penetrate the segment where it has a "negligible presence", city-based Berger Paints India Ltd. has transferred its paint division relating to passenger cars and three-wheelers to BNB Coatings India, company CEO Abhijit Roy said on Wednesday.

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India's services growth at a 3-month high: Nikkei PMI

Wed, 08/03/2016 - 16:10

Mumbai, Aug 3 (IANS) Indian service providers enjoyed a welcome upturn in demand during July with the Nikkei Services Purchasing Managers' Index (PMI) rising from 50.3 in June to a three-month high of 51.9 in July, a business survey on performance of the services sector showed on Wednesday.

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SBI identifies 7 lakh accounts for providing overdraft facility

Wed, 08/03/2016 - 15:56

Kolkata, Aug 3 (IANS) Country's largest lender State Bank of India has identified 7 lakh accounts, which were opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY), for providing overdraft facility, a top bank official said on Wednesday.

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Profit booking drags Indian equity markets lower

Wed, 08/03/2016 - 15:46

Mumbai, Aug 3 (IANS) Indian equity markets on Wednesday succumbed to profit booking on uncertainities regarding the passage of the GST (Goods and Services Tax) Bill in the Rajya Sabha.

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Infosys invests $4 million in Israeli firm

Wed, 08/03/2016 - 15:32

Bengaluru, Aug 3 (IANS) Global software major Infosys Ltd on Wednesday announced investing $4 million (Rs.27 crore) in Cloudyn, an Israeli corporation, providing software as a service (Saas) solutions for the management and optimization of hybrid, multi-cloud deployments.

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Chidambaram again bats for 18% GST rate in bill

Wed, 08/03/2016 - 15:12

New Delhi, Aug 3 (IANS) Just as the income tax rate can't be levied at the whim of the executive, and needs legislative approval, the same must also hold true for the goods and services tax rate (GST), former Finance Minister P. Chidambaram said here on Wednesday.

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Berger Paints net profit jumps in first quarter

Wed, 08/03/2016 - 15:04

Kolkata, Aug 3 (IANS) Berger Paints India Ltd. posted a consolidated net profit of Rs 120.30 crore for the first quarter of the current fiscal, registering a jump of 54.6 per cent over the corresponding year-ago period, the company said on Wednesday.

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