Retail sector should get industry status: Walmart India CEO

Wed, 05/16/2018 - 16:58

New Delhi, May 16 (IANS) India's retail sector is vital for the economy and employment generation and it is time to elevate the position of the sector to an "industry", Walmart India President and CEO Krish Iyer said here on Wednesday.


PNB shares plunge 14% after Q4 loss, Jefferies suggests bailout

Wed, 05/16/2018 - 16:10

Mumbai, May 16 (IANS) Shares of multi-crore fraud hit Punjab National Bank (PNB) slumped around 14 per cent (intra-day) on Wednesday, a day after the bank reported a loss of over Rs 13,000 crore for the fourth quarter of 2017-18.


Reliance 'JioFi' dominates data card market: Report

Wed, 05/16/2018 - 15:24

New Delhi, May 16 (IANS) Reliance Retail's JioFi continued to dominate the data card segment with a market share of 73 per cent, followed by Huawei and Alcatel, in the first quarter of 2018, a report said on Wednesday.


Nokia vows to develop 500 smart villages in India

Wed, 05/16/2018 - 15:16

New Delhi, May 16 (IANS) In line with the government's Digital India programme, Nokia on Wednesday launched a "Smartpur" digital village project with the aim of developing 500 digitally integrated villages across the country in five years.


ITC net profit up 10% in Q4

Wed, 05/16/2018 - 15:10

Kolkata, May 16 (IANS) Cigarette-to-FMCG major ITC Ltd on Wednesday reported a close to 10 per cent increase in net profit to Rs 2,932.71 crore in the quarter ended on March 31, compared with Rs 2,669.47 crore in the year-ago period.


Indian government requests for Facebook data rose 62% in 2017

Wed, 05/16/2018 - 14:14

New Delhi, May 16 (IANS) Facebook has recorded massive increase in the total number of Indian government requests for data over the past one year -- a rise of nearly 62 per cent in 2017 compared to the global average of 30 per cent.


Petrol crosses Rs 75 per litre in Delhi

Wed, 05/16/2018 - 13:28

New Delhi, May 16 (IANS) Petrol prices continued to rise across the country on Wednesday and crossed the Rs 75 per litre mark in the national capital.


Policy clarity needed to allay fears over privatisation (Column: Behind Infra Lines)

Wed, 05/16/2018 - 12:26

Public opinion on privatisation ranges from proponents who say it increases efficiency to opponents to fear it will lead to higher charges. As we evaluate potential policies regarding privatisation in India, it would be useful to look at the specific asset and policy features that can help create an efficient privatisation process.