Samsung launches 2 new tablets in India

Gurugram, June 24 (IANS): Strengthening its product portfolio in the stagnant tablet segment in India, Samsung on Monday launched Galaxy Tab S5e and Galaxy Tab A 10.1 which start at Rs 35,999 and Rs 14,999, respectively. The Wi-Fi-only variant of Galaxy Tab S5e is priced at Rs 35,999, while the Wi-Fi +LTE variant is priced at […]

Tech Mahindra introduces AI-based Humanoid in Noida

Lucknow, June 24 (IANS): Tech Mahindra Ltd on Monday introduced K2, the first Human Resource (HR) Humanoid, for its Noida Special Economic Zone Campus in Uttar Pradesh, after unveiling it in its Hyderabad campus earlier this month. K2 would take over the routine HR transactions to provide constant assistance to the HR team in creating an […]

RBI Deputy Governor Acharya resigns before end of term

RBI Deputy Governor Acharya resigns before end of term

The Reserve Bank of India (RBI) Deputy Governor Viral Acharya arrives to attend a news conference after a monetary policy review in Mumbai, December 5, 2018. (REUTERS/Francis File Photo) MUMBAI, June 24 (Reuters): Reserve Bank of India (RBI) Deputy Governor Viral Acharya has resigned six months before the scheduled end of his term in office, […]

Amazon invests Rs 450 cr in India payments unit

New Delhi, June 23 (PTI): American retail giant Amazon has infused Rs 450 crore into its payments unit in India – Amazon Pay, according to regulatory documents. Amazon Pay (India) has allotted 45 crore shares of Rs 10 each aggregating to Rs 450 crore to Amazon Corporate Holdings and Amazon.com.incs Ltd, documents filed with Corporate […]

Mi Max, Mi Note series discontinued: Xiaomi CEO

Beijing, June 23 (IANS): Chinese smartphone manufacturer Xiaomi’s Chief Executive Officer Lei Jun has revealed that the company currently has no plans to launch new phones in the Mi Max and Mi Note lineups this year. In a Weibo post, Lei stated the company will rather be focusing its energies on the Redmi, Mi MIX […]

Investors looking for growth measures in Budget

Mumbai, June 23 (IANS): A slowing GDP growth rate is a major sticking point for the Indian stock markets at this points and a delayed monsoon and sharp rise in oil prices is further weighing on the investors. Sensex and Nifty have failed to sustain the key levels of 40,000 and 12,000 after breaching them […]

Considering low-cost EV for India in collaboration with Hyundai: Kia

New Delhi, June 23 (PTI): South Korean auto major Kia Motors Corporation is considering a low-cost electric vehicle (EV) for India in collaboration with group firm Hyundai Motors and wants personal usage for EVs to be included for government support under the FAME II scheme in India, according to a top company official. The company, which […]

Govt now looks to de-merge 3 PSU insurers

New Delhi, June 23 (IANS): With its plans on consolidation in the insurance sector hitting several hurdles, the government has started exploring different options including de-merging three of its big-size general insurance companies into smaller units and then look at strategic sale of few operations to the private sector. The Finance Ministry earlier considered merging […]

Infosys using automation to transform clients’ business: Nilekani

Bengaluru, June 22 (IANS): Renewing legacy systems but discarding legacy mindsets, India’s global software major Infosys is relying on automation for digital transformation of their clients’ business, Chairman Nandan Nilekani said on Saturday. “We are relying on extreme automation to free up our people to focus more on solving client challenges, mentoring their teams and investing […]

Indian airlines to re-route flights avoiding Iranian airspace: DGCA

New Delhi, June 22 (IANS): Indian airlines will re-route their flights, avoiding Iranian airspace, aviation regulator DGCA said on Saturday, in light of the heightened geopolitical tensions between the US and Iran. “All Indian operators in consultation with DGCA have decided to avoid the affected part of Iranian airspace to ensure safe travel for the passengers. […]

US stocks close lower amid mixed data

New York, June 22 (IANS): US stocks ended slightly lower as investors digested a batch of mixed data. The Dow Jones Industrial Average on Friday was down 34.04 points, or 0.13 per cent, to 26,719.13. The S&P 500 shed 3.72 points, or 0.13 per cent, to 2,950.46, Xinhua news agency reported.  The Nasdaq Composite Index fell […]

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