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Category Archives: Business

Key Indian equity market indices open in red

Taking a cue from muted global markets, the key Indian equity market indices on Thursday opened lower. The Sensitive Index (Sensex) of the BSE, which had closed at 37,852 points on Tuesday, opened lower at 37,796.01 points. Minutes into trading, it was quoting at 37,677.12

Reliance Jio leads India feature phone market in Q2 2018: IDC

Reliance Jio, the telecom operator and the main driver of the 4G feature phone segment with its JioPhones, remained the top vendor in the overall feature phone market in India in the second quarter of this year, according to data from International Data Corporation (IDC).

Virus attack on chipmaker could hit Apple iPhone production

Apple’s new iPhone launch next month could be delayed by the virus outbreak at Taiwan Semiconductor Manufacturing Co (TSMC) — the world’s biggest contract chip maker, the media reported on Friday. TSMC, which makes chips for iPhones, suffered a computer virus outbreak and warned it

Home Credit Group Announces its New Country CEO in India

Home Credit India Finance Pvt. Ltd., one of India’s fastest growing non-banking financial companies announced the appointment of Ondrej Kubik as its new Chief Executive Officer (CEO). Ondrej will be at the helm of the India leadership team driving the fast growing consumer finance company’s operations in

GeM to ensure transparency in public procurement

As an initiative to improve transparency in procurement, Government has set up Government e- Marketplace as a 100% Government owned company registered under the Companies Act, 2013 for providing online platform for procurement of common use goods and services by government organizations. Government e- Marketplace

CBI moves request for Choksi’s extradition from Antigua

The extradition request for fugitive diamond merchant Mehul Choksi, who has secured an Atiguan passport and is living there, will soon be sent to the Caribbean country, the CBI said on Friday. The Central Bureau of Investigation (CBI), which is probing the Rs 13,500-crore banking

Choksi citizenship after India’s certificate: Antigua

The Antigua government has said fugitive Indian jeweller Mehul Choksi was given citizenship of the Carribean country after “stringent background checks” and clearance certificate by Mumbai Police and the External Affairs Ministry. The Citizenship by Investment Unit (CIU) of Antigua and Barbuda, however, said while

ITC pursues strategy to build cold chain

Cigarette-to-FMCG major ITC Ltd is pursuing a long-term strategy to build a cost-effective cold chain for preventing agricultural wastage, a company official said on Friday. “Recognizing the crucial need to unlock the lost value trapped in agri-wastage, your company is actively pursuing a long-term strategy

We do not share user data with any entity: Paytm

Declaring itself an “Indian owned, controlled and domiciled company” digital payments major Paytm on Thursday said it does not share users’ data with any entity and allows no access to the same to any foreign party. Paytm was responding to a reference made in the

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