US dollar mixed on economic data

Thu, 03/15/2018 - 07:16

New York, March 15 (IANS) The US dollar traded mixed against other major currencies as investors were sifting through the latest economic data from the country.


IndiGo's Hyderabad-Raipur flight suffers technical snag

Wed, 03/14/2018 - 23:00

New Delhi, March 14 (IANS) Budget carrier Indigo Airlines' Raipur-bound plane carrying 112 passengers returned to Hyderabad on Wednesday soon after take-off due to a "technical glitch", according to an announcement by the company.


'Developers need finance to buy land for affordable housing projects'

Wed, 03/14/2018 - 22:16

New Delhi, March 14 (IANS) Government should facilitate finance to acquire land for affordable housing projects by real estate developers, Confederation of Real Estate Developers' Association in India (CREDAI) President Jaxay Shah said on Wednesday.


Agreement inked to develop more IT space at Technopark

Wed, 03/14/2018 - 22:14

Thiruvananthapuram, March 14 (IANS) Six years after mega IT project Technopark was first mooted, the final agreement was signed on Wednesday between a joint venture and the Kerala government for development of 2.8 million square feet of premium Grade A office space at its campus here under the SEZ category while another 500,000 square feet space will be under the non-SEZ category.


Wipro sells data services business to US firm

Wed, 03/14/2018 - 21:58

Bengaluru, March 14 (IANS) Global software major Wipro on Wednesday announced selling its hosted data centre services business to US-based hybrid IT services provider Ensono for $405 million (Rs 2,633 crore).


OMCs ready to pay higher offtake for biofuel: Pradhan

Wed, 03/14/2018 - 21:46

New Delhi, March 14 (IANS) The government is prepared to pay a higher offtake price to producers of biofuel than it does for fossil fuels in a bid to boost the use of clean energy, Petroleum Minister Dharmendra Pradhan said on Wednesday.


Need for national policy to tap e-commerce opportunities: Official

Wed, 03/14/2018 - 21:22

New Delhi, March 14 (IANS) Commerce Secretary Rita Teaotia on Wednesday called for a comprehensive national e-commerce policy to tap the huge opportunities in this segment, saying the country is not entirely ready to tap the opportunities offered by e-commerce.


Deployment of supercomputers under NSM to start soon: Official

Wed, 03/14/2018 - 20:28

Kolkata, March 14 (IANS) The Centre for Development of Advanced Computing (C-DAC) expects that deployment of supercomputers under the Rs 4,500 crore National Supercomputing Mission would be commencing soon, an official said on Wednesday.


Will do out best to break 'unholy nexus' between bizmen, bankers: Urjit Patel

Wed, 03/14/2018 - 20:06

New Delhi, March 14 (IANS) Breaking his silence over the Rs 13,540 crore fraud at state-run Punjab National Bank (PNB), the Reserve Bank of India (RBI) Governor Urjit Patel on Wednesday said the central bank, as the guard of people's deposits at banks, will do its best to break the "unholy nexus".


Boeing signs new pact with TAL to manufacture floor beams for Dreamliners

Wed, 03/14/2018 - 19:42

New Delhi, March 14 (IANS) Aerospace major Boeing and Tata Group company TAL Manufacturing Solutions (TAL) on Wednesday announced the signing of a new contract for the manufacture of advanced composite floor beam (ACFB) for Boeing's 787-9 and 787-10 Dreamliner airplanes.