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Reliance Group announces aerospace centre in Bengaluru
Bengaluru, Feb 3: Reliance Group chairman Anil Ambani on Tuesday announced an aerospace centre here for research, development and innovation in the field, promising some 1,500 highly skilled jobs.
"We've invested nearly Rs.5,000 crore in…
Karnataka provides right eco-system for growth: Siddaramaiah
Bengaluru, Feb 3: Karnataka Chief Minister Siddaramaiah is working overtime to provide an eco-system for global investments and rapid socio-economic growth across the state to bring it back into reckoning as a frontline destination for…
Yahoo to cut 15 percent jobs, shed assets in major turnaround plan
San Francisco, Feb 3: US tech giant Yahoo announced cutting the workforce by about 15 percent, slashing properties and exploring "strategic alternatives" as part of an aggressive plan to turn around the struggling company. The announcement…
Japan to relax visa norms for Indians
Tokyo, Feb 2: Japan is set to ease visa regulations for people travelling from India and Vietnam as multiple-entry visa terms are to be doubled for nationals of the two countries, the media reported on Tuesday.
The easing of rules,…
European trade body writes to minister on Air India flights
Brussels, Feb 2: The Europe India Chamber of Commerce (EICC) has urged India's Civil Aviation Minister Ashok Gajapathi Raju Pusapati to consider Air India flights to connect different Indian cities with Brussels.
The Brussels-based trade…
Wipro targets $15 bn revenue by 2020
Bengaluru, Feb 2: India's third largest IT firm Wipro Ltd has set a revenue target of $15 billion from its global IT services business by 2020, with 23 percent operating margin, a top executive said on Tuesday.
"As detailed to you all…
India and IMF to host meet on Asia’s economic challenges
Washington, Feb 2: Asia's strong economic performance, its increased resilience to shocks and the region's ongoing economic policy challenges will be the focus of a high-level conference in New Delhi March 11-13.
Co-hosted by the…
Myanmarese oil explorer keen to invest in India
Yangon, Feb 2: A Myanmarese businessman with stakes in South African and Australian offshore oil blocks is keen to invest in diverse sectors in India which is poised to become the world's fifth largest consumer market by 2030. But he says…
India’s central bank keeps key lending rates on hold
Mumbai, Feb 2: Ahead of the federal budget for the next fiscal, India's central bank on Tuesday kept its key lending rates unchanged in line with stake-holders' expectations. The Reserve Bank of India (RBI) kept the repo and reverse repo…
Arun Jaitley calls for more public spending on rural development
New Delhi, Feb 2: Finance Minister Arun Jaitley on Tuesday called for increased public spending on rural development to boost domestic economic growth amid a global slowdown.
"Bad monsoon in the last two years has resulted in rural…