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Business
Infosys ups revenue guidance on strong growth, dollar
Bengaluru, Jan 14: Riding on strong growth in a weak quarter and on an appreciating US dollar, software major Infosys Ltd. on Thursday revised its revenue guidance upwards for this fiscal (2015-16) for the second time.
"Our consolidated…
Reliance Communications, Sistema to move court for merger nod
New Delhi, Jan 14: Reliance Communications (RCOM) and Sistema Shyam Teleservices on Thursday said they will apply to the Bombay High Court and the Rajasthan High Court for approving a merger.
The statement came in the form of a filing…
India’s Aadhaar increased access, reduced corruption: World Bank
Washington, Jan 14: Citing how India increased access and reduced corruption in public services by providing unique digital identification to one billion people in five years, the World Bank says digital technologies can promote inclusion,…
Indian equities open sharply lower on global cues
Mumbai, Jan 14: Key Indian equity market indices opened sharply lower on Thursday as the investor mood continued to be affected by both global cues and the poor macro-economic numbers emerging from the domestic economy.
Against the…
Chinese mobile makers to invest $2-$3 bn in ‘Make in India’ initiative
New Delhi, Jan 13: In a fillip to Prime Minister Narendra Modi's ambitious ‘Make in India’ initiative, over 100 top Chinese handset and component manufacturers gathered here on Wednesday in what could bring $2-$3 billion investment in…
Rs.8.5 lakh crore to be spent on railway overhaul: Minister
Agartala, Jan 13: The government would spend Rs.8.5 lakh crore to overhaul the Indian Railways, Minister of State for Railways Manoj Sinha said here on Wednesday.
"The government has decided to invest Rs.8.5 lakh crore in the next five…
Japan lends Rs.1,000 crore to clean river
New Delhi, Jan 13: Japan on Wednesday signed a loan agreement with the central government to provide Rs.1,000 crore to facilitate pollution control and decline of Pune's Mula-Mutha rivers, a statement said.
Under the National River…
Top draw for Modi’s ‘Start-Up India’ conclave on Saturday
New Delhi, Jan 13: A grand event led by Prime Minister Narendra Modi has been planned for the launch of another of his pet initiatives -- Start-up India -- here on Saturday, with not just ministers and mandarins in tow, but hundreds of top…
‘Over 400,000 lost Jobs in Nepal in Five months’
Kathmandu, Jan 13: Nepal's apex business body has claimed that over 400,000 Nepalis lost their jobs in the last five months in the wake of the anti-Constitution protest in the Terai plains and the blockade of Nepal-India border entry…
Banking Sector seeks hike in Tax exemption limit for savings
New Delhi, Jan 13: India's banking sector on Tuesday sought increasing the tax exemption limit for savings to Rs.2.5 lakhs and allowing it to issue off-shore rupee bonds to finance infrastructure, at a pre-Budget meeting Finance Minister…