Taj group acquires Lutyen’s Delhi hotel in NDMC auction

Taj group acquires Lutyen’s Delhi hotel in NDMC auction

New Delhi, June 20 (PTI): The Connaught, a premium hotel in Lutyen’s Delhi, was successfully acquired by Tata’s Indian Hotel Company Limited (IHCL) in an e-auction conducted by the New Delhi Municipal Council (NDMC) today.   “The successful bidder is the Taj group which will pay 31.80 per cent of the Gross Turn Over (GOT) or […]

India’s Chief Economic Advisor Subramanian quits

India’s Chief Economic Advisor Subramanian quits

New Delhi, June 20 (IANS): Chief Economic Advisor Arvind Subramanian, who succeeded the high-profile Raghuram Rajan in the Finance Ministry in 2014, has quit the government with plans to go back to the US for research and writing.   The news about Subramanian leaving the Finance Ministry was broken by Finance Minister Arun Jaitley who […]

Bank Of Maharashtra CMD arrested in Rs 3,000 cr fake loans case

Bank Of Maharashtra CMD arrested in Rs 3,000 cr fake loans case

Pune, June 20 (IANS): In a sudden development, the Economic Offences Wing (EOW) here arrested Ravindra P. Marathe, the Chairman and Managing Director of Bank of Maharashtra, in a case of Rs 3,000 crore fraudulent loans extended to Pune’s DSK Group, an official said here on Wednesday.   The EOW has also arrested the bank’s Executive […]

Cryptocurrency exchange Bithumb loses $30 mn after being hacked

Cryptocurrency exchange Bithumb loses $30 mn after being hacked

Seoul, June 20 (IANS): Seoul-based cryptocurrency exchange Bithumb on Wednesday announced it had lost over $30 million after being hacked, the second cyberattack in two weeks to hit a major South Korean bitcoin exchange, the media reported.   “Bithumb said it had lost $31.56 million (35 billion won) worth of cryptocurrencies and has temporarily halted withdrawal […]

India’s May trade deficit widens to $14.62 billion – trade ministry

India’s May trade deficit widens to $14.62 billion – trade ministry

Cargo containers are seen stacked outside the container terminal of Jawaharlal Nehru Port Trust (JNPT) in Mumbai. (REUTERS File Photo)   NEW DELHI, June 20 (Reuters): India’s merchandise exports in May rose 20.2 percent year-on-year, the trade ministry said on Friday, but the trade deficit widened to $14.62 billion, driven mainly by a 50 percent […]

UNISOC unveils two new mobile chipsets for AR/VR applications

New Delhi, June 20 (IANS): China-based fabless semiconductor company UNISOC (formerly Spreadtrum Communications) on Wednesday launched its latest chipsets “SC9863” and “SC9832E” for machine learning and Augmented Reality/Virtual Reality (AR/VR) related applications in India.   The newly launched SoCs deliver high-end user experience, power efficiency, 3D face ID and support for next-generation dual-camera features, the company […]

‘Brazil, India corporate debt most vulnerable to rate hikes’

‘Brazil, India corporate debt most vulnerable to rate hikes’

The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai. (REUTERS File photo)   LONDON, June 19 (Reuters): A 200 basis-point increase in interest rates could spark a sharp rise in the proportion of emerging market corporate debt issues at risk of default, with Brazilian and Indian […]

Fujifilm’s retro-style camera in India for Rs 49,999

Fujifilm’s retro-style camera in India for Rs 49,999

New Delhi, June 19 (IANS): Imaging technology company Fujifilm on Tuesday launched its retro-style mirrorless digital camera “X-A5” in India for Rs 49,999.   The camera comes with a 180-degree tilting rear liquid crystal display (LCD) screen, built-in Bluetooth, 24.2MP Advanced Photo System type-C (APS-C) sensor, phase detection auto-focus (PDAF), extended battery life and a […]

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