Only 39% of land needed for bullet train project acquired

New Delhi, June 22 (IANS): Prime Minister Narendra Modi’s ambitious Mumbai-Ahmedabad bullet train project is missing on its deadline of land acquisition as till date only 39 per cent of the 1,380 hectares of land required has been acquired. A senior National High Speed Rail Corporation Ltd. (NHSRCL) official requesting anonymity told IANS: “Till date, we […]

Facebook’s digital coin frightening: Co-founder

Facebook’s digital coin frightening: Co-founder

San Francisco, June 22 (IANS): Facebook co-founder Chris Hughes, who initiated the call to break up the social networking giant, has termed the new digital currency Libra “frightening”. In a series of tweets, Hughes said Libra has a long way to go before being successful, but in theory, it’s “brilliant and frightening”. “At the start of […]

Domestic air passenger growth up 3.3% in May: report

New Delhi, June 21 (IANS): Passenger traffic in India’s domestic aviation industry rebounded in May with a year-on-year growth of 3.3 per cent, said an ICRA report on Friday. The rise comes after the industry reported a 4.4 per cent “de-growth” in traffic in April. “This is primarily attributable to the gradual increase in capacity as […]

GST Council focus now on easing compliance, curbing tax evasion

New Delhi, June 21 (IANS): With the Goods and Services Tax (GST) regime stabilizing after a series of rate rationalizations, the focus of the government has now clearly shifted to easing the compliance burden and containing tax evasion. In its 35th meeting, the GST Council on Friday decided to introduce electronic invoicing system in a phase-wise […]

Only 1 in 10 people know how cryptocurrency works: Survey

New Delhi, June 21 (IANS): Only one in 10 people understand how cryptocurrencies work while 29 per cent have some knowledge about digital currencies, a new Survey by Russian cybersecurity firm Kaspersky has found. The rate at which cryptocurrencies are being adopted by global consumers is slowing down, despite celebrities like Johnny Depp and YouTube influencers […]

Sudden spike in Jet Airways stocks, gains 66%

Mumbai, June 20 (IANS): Grounded Jet Airways stocks saw a sudden spike on Thursday as its advanced 66 per cent from its intra-day low to hit a high of Rs 44.70 per share during early trade on the BSE. At 12.46 p.m., the Jet Airways stock was trading at Rs 41.75 a share, or at 26.13 […]

Huawei positive about future after winning key 5G deals

New Delhi, June 20 (IANS): Caught in the crossfire of global geopolitics, Huawei on Thursday said things have started looking up for the company with the signing of key 5G deals in the UK and Russia and added that it is “positive” about the future. The world’s second-biggest smartphone seller, which shipped over 205 million units […]

Xiaomi set to capture more online buyers via Mi.com in India

Bengaluru, June 20 (IANS): Buoyed by the surge in user base and growing market share of its ecommerce platform Mi.com in India, Chinese smartphone maker Xiaomi is aiming to launch more products for the online buyers in the country, a top company executive said here on Thursday. Currently the top single brand online smartphone channel in […]

Tech Mahindra signs pact with Airbus for cabin, cargo design

New Delhi, June 20 (IANS): Software and business re-engineering services firm Tech Mahindra on Thursday announced signing of a multi-year contract with Airbus for cabin and cargo design engineering. “Airbus is a strategic customer and partner of Tech Mahindra and it has been our constant endeavour to develop innovative engineering and digital solutions for our customers,” […]

Premium smartphone market collapses 8% in Q1 as Apple falls

New Delhi, June 19 (IANS): The global premium smartphone market has collapsed 8 per cent in the first quarter (Q1) of 2019 as Apple shipments plummeted 20 per cent, a report by Counterpoint Research said on Wednesday. According to Counterpoint Research’s ‘Market Monitor Service’ report, during the quarter, Samsung ended up with one-fourth of the […]

Industry concerns on e-commerce policy to be addressed: Goyal

New Delhi, June 18 (IANS): Commerce Minister Piyush Goyal has assured Indian e-commerce players that their concerns regarding the draft e-commerce policy will be addressed and also asked them to send their concerns to the Department for Promotion of Industry and Internal Trade (DPIIT) in the next 10 days. In a meeting with the Commerce […]

Railways, Railtel sign MoU to upgrade signalling system

New Delhi, June 18 (IANS): In a bid to modernise its signalling system, the Indian Railways on Monday signed an MoU to upgrade it on four sections, an official release said. The Railway Ministry release said that the Indian Railways signed the MoU with RailTel Enterprises Ltd (REL), a wholly-owned subsidiary company of RailTel Corporation of […]