Business

PNB fraud: ED seizes Rs 85 cr jewellery in Choksi case

Thu, 05/17/2018 - 21:24

New Delhi, May 17 (IANS) The ED on Thursday seized over 34,000 pieces of jewellery valued at Rs 85 crore in connection with its ongoing probe against absconding businessman Mehul Choksi who is accused along with his diamantaire nephew Nirav Modi of defrauding the Punjab National Bank (PNB) of over Rs 1,300 crore, an official said.

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India's April domestic air passenger traffic up 26%

Thu, 05/17/2018 - 20:58

New Delhi, May 17 (IANS) India's domestic air passenger traffic rose to 1.15 crore in April 2018 -- up 26.05 per cent -- from 91.34 lakh reported during the corresponding month of 2017.

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NIT-Trichy, Tata Motors partner for research

Thu, 05/17/2018 - 20:56

New Delhi, May 17 (IANS) National Institute of Technology Tiruchirappalli on Thursday signed a pact with Tata Motors to jointly work on research projects with an aim to cater to the "future engineering needs of the industry and academia".

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Small tea growers expect benefits from Rs 400 crore outlay

Thu, 05/17/2018 - 20:28

Kolkata, May 17 (IANS) Small tea growers are expecting to get benefits from the Rs 400 crore outlay, approved by the Centre under the "Tea Development and Promotion Scheme" proposed by the Tea Board India, an official said on Thursday.

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Over Rs 10 lakh cr invested in telecom sector: COAI

Thu, 05/17/2018 - 19:48

New Delhi, May 17 (IANS) Players in the telecom industry have so far invested Rs 10.4 lakh crore in India, the Cellular Operators Association of India (COAI) said here on Thursday.

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Bajaj Allianz Life Insurance to open 1,000 virtual sales offices

Thu, 05/17/2018 - 19:40

Bhubaneswar, May 17 (IANS) Bajaj Allianz Life Insurance Company, one of the leading private life insurers of the country, on Thursday said it plans to open over 1,000 virtual sales offices spread across the country in next 12-18 months.

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Maharashtra to build 1.5 million affordable homes: Minister

Thu, 05/17/2018 - 19:30

Mumbai, May 17 (IANS) The Maharashtra government plans to build at least one million affordable homes in the Mumbai Metropolitan Region and another half a million across the state, Housing Minister Prakash Mehta said here on Thursday.

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GCX, BMC UK to braodcast royal wedding on Saturday

Thu, 05/17/2018 - 19:14

London, May 17 (IANS) Global Cloud Xchange (GCX) and Broadcast Media Communications (BMC UK) on Thursday announced that they will deliver an end-to-end connectivity solution for the Royal Wedding of Prince Harry and Meghan Markle on Saturday from The Home Park, Windsor, to the studios of international broadcasters ABC News, BBC International and Canadian Broadcasting Corporation (CBC).

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Equity indices tumble as oil nears $80 per barrel (Roundup)

Thu, 05/17/2018 - 18:56

Mumbai, May 17 (IANS) A further rise in global crude oil prices to around $80 per barrel, along with heavy outflow of foreign funds, eroded the initial gains made by the key equity indices as they eventually ended in the red on Thursday.

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Jio announces exclusive partnership with Screenz

Thu, 05/17/2018 - 18:56

New Delhi, May 17 (IANS) Reliance Jio Infocomm on Thursday announced an exclusive partnership for the Indian market with Screenz, the platform for "entertainment-based interactivity".

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DoT issues norms for M2M KYC, allows eSIMs

Thu, 05/17/2018 - 18:14

New Delhi, May 17 (IANS) The Department of Telecommunications (DoT) on Thursday issued a notice asking service providers which are offering Machine-to-Machine (M2M) services to follow Know Your Customers (KYC) norms before issuing SIM cards.

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India's April domestic air passenger traffic up 26%

Thu, 05/17/2018 - 17:56

New Delhi, May 17 (IANS) India's domestic air passenger traffic rose to 1.15 crore in April 2018 -- up 26.05 per cent -- from 91.34 lakh reported during the corresponding month of 2017.

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OnePlus 6 with all-glass design now in India

Thu, 05/17/2018 - 17:00

Mumbai, May 17 (IANS) With the aim to make a dent in the premium smartphone market, Chinese player OnePlus on Thursday launched its flagship OnePlus 6 in India -- a first in the OnePlus' line-up featuring an all-glass design.

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Verizon migrates core IT operations on AWS

Thu, 05/17/2018 - 16:34

San Francisco, May 17 (IANS) Telecommunications giant Verizon has selected Amazon Wed Services (AWS) as its preferred public cloud provider, migrating over 1,000 business-critical applications and database back-end systems to AWS, it was announced on Thursday.

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