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Business
Alibaba takes e-commerce into the fields
Beijing, Feb 17: Alibaba, China's biggest online trader, on Wednesday reached agreement with the top economic planner to expand e-commerce in rural areas.
The National Development and Reform Commission (NDRC) will work with Alibaba in…
Coming, a ‘made in India’ Android smartphone for Rs.251!
New Delhi, Feb 17: What can you buy with Rs.251 -- a meal at McDonald's or a cold coffee at Starbucks? Well, if technology has its way, you will be able to buy the world's cheapest -- and "made in India" -- Android smartphone for this much…
Positive European cues, value-buying buoys markets
Mumbai, Feb 17: Positive European indices, steep rise in crude oil prices and value-buying buoyed the Indian equity markets on Wednesday.
The late surge in the markets came after panic selling and the dwindling rupee value depressed…
E-commerce to offer highest pay hikes in 2016: Survey
New Delhi, Feb 17: Talent, recruitment and health solutions player Aon Hewitt on Wednesday said e-commerce industry leads its annual salary increase survey in India by forecasting a projected salary hike of 15.6 percent for the industry in…
Ericsson ties up with Idea Cellular for 4G services in India
New Delhi, Feb 17: Idea Cellular on Wednesday announced an agreement with Swedish communication technology multinational Ericsson to deploy 4G network across select Indian telecom circles which serve over 40 million subscribers.
The…
Volatility, rupee slide dents markets
Mumbai, Feb 17: Volatility triggered by panic selling and the dwindling rupee value depressed the Indian equity markets during the mid-afternoon trade session on Wednesday.
Sentiments were further subdued due to investors' doubts over…
China approves 21 fixed-asset investment projects
Beijing, Feb 17: China's top economic planner approved 21 fixed-asset investment projects worth 54.1 billion yuan ($8.3 billion) in January, an official said on Wednesday.
The projects covered water conservancy, transportation,…
Quarterly interest on some savings schemes from April
New Delhi, Feb 17: Interest rates on select National Small Savings (NSS) schemes will be recalibrated quarterly from April 1 to align them with market rates of the government securities, an official statement said on Tuesday.
"The 25…
Four top oil producers agree on output freeze for stable prices
Doha, Feb 17: Four top global oil producers agreed on Tuesday to freeze oil production in order to boost the slumping oil prices.
The agreement followed a meeting in Doha between the energy ministers of Qatar, Saudi Arabia, Venezuela and…
Gujarat to set up foreign desk for tapping diaspora funds
Mumbai, Feb 16: Gujarat Chief Minister Anandiben Patel said on Tuesday that her state will set up foreign desks in global financial centres like New York, Dubai, Frankfurt, Guangzhou and Tokyo to attract investments from the Indian…