Toyota retains world’s No 1 automaker title

Tokyo, January 27 (PTI): Toyota kept its title as the world’s biggest automaker on Wednesday after posting global sales of 10.15 million vehicles for 2015, outpacing scandal-hit Volkswagen and US rival General Motors   Toyota kept its title as the world’s biggest automaker on Wednesday after posting global sales of 10.15 million vehicles for 2015, […]

Apple sees first sales dip in more than a decade

San Francisco, January 27 (Thomson Reuters): Apple Inc forecast its first revenue drop in 13 years and reported the slowest-ever increase in iPhone shipments as the critical Chinese market showed signs of weakening, suggesting the technology company’s period of exponential growth may be ending.   The slowdown comes as Wall Street analysts worry the company […]

Honda to showcase Ten models at Delhi Auto Expo

NEW DELHI, January 25 (PTI): Honda Motorcycle & Scooter India will showcase 10 models, including four concepts, during the upcoming Delhi Auto Expo.   The company will unveil a new two-wheeler model, which the company terms as NAVI and a superbike during the Auto Expo, HMSI said in a statement.   The two wheeler major […]

India’s economic exposure to external risks gone up: Moody’s

Chennai, January 25 (IANS): Global credit rating agency Moody’s Investors Service and its Indian affiliate ICRA Ltd on Monday said their poll said India’s economic exposure to external riks has gone up during the past seven months.   In a statement, Moody’s said the poll was conducted during Moody’s and ICRA’s India Outlook Conference in […]

‘Foreign firms’ anxiety in China understandable’

Beijing, January 25 (IANS): The “sense of anxiety” among foreign companies in China is fairly understandable given the slowdown of the Chinese economy, said a Chinese daily, but added that the current difficulties of some foreign companies do not mean that the investment climate in China is worsening. An editorial “Foreign investors must adapt” in […]

India roars back to Davos to seek overseas investment

India roars back to Davos to seek overseas investment

DAVOS, January 23 (Reuters): Colourful lions adorn a salon on the main street of Davos, inviting visiting business leaders to “Make in India”.   Optimism about the world’s fastest growing economy contrasts with the economic gloom facing other emerging markets and Prime Minister Narendra Modi’s mantra encapsulates a renewed confidence among Indian business and political […]

ASUS launches photography-focused Zenfone Zoom smartphone

ASUS launches photography-focused Zenfone Zoom smartphone

Agra, January 23 (IANS): Taiwanese smartphone maker ASUS on Friday extended its portfolio of Zenfone series, launching ASUS Zenfone Zoom — an advanced photography-focused smartphone for Indian customers.   Designed for a photographer’s delight, the smartphone is equipped with 13-megapixel primary camera that has a 3x optical zoom with industry leading camera features. The device […]

RBI to issue Rs 500, Rs 100 notes with more security

RBI to issue Rs 500, Rs 100 notes with more security

Mumbai, January 22 (PTI): Reserve Bank will soon put into circulation new banknotes of Rs 500 and Rs 100 denominations of the Mahatma Gandhi Series-2005 with enhanced security features. RBI said the introduction of new bank notes is part of its endeavour to continually improve design and security features to deter counterfeiting activities.   “The […]

Poor labourers paying price for India’s cheap car boom

Poor labourers paying price for India’s cheap car boom

FARIDABAD, January 22 (Reuters): In a dingy factory in the sprawling industrial hub of Manesar in northern India, a plastic moulding machine malfunctioned, mangling Visheshwar Prasad Singh’s right hand as he made parts for a supplier to the country’s major automakers.   Singh was one of thousands of poor labourers, many temporary, who toil for […]

Fire destroys oldest school in Meghalaya

Sohra (Meghalaya), January 22 (PTI): Meghalaya’s oldest school that withstood the ‘Great earthquake’ of 1897 has been reduced to ashes in a devastating fire, suspected to have been caused by a short circuit.   Six classrooms, a laboratory and the office room of the Cherra Presbyterian Secondary School, established here in 1847, were destroyed in […]

Pawan Hans declares Rs.7.76 cr dividend

New Delhi, January 21 (IANS): State-run chopper operator Pawan Hans (PHL) on Thursday declared a dividend of Rs.7.76 crore for 2014-15.   “The Minister for Civil Aviation P. Ashok Gajapathi Raju received a cheque of Rs.3,95,84,735 from B.P. Sharma, chief managing director, Pawan Hans, as dividend for the year 2014-15,” the ministry of civil aviation […]

IMF opens search for top job

IMF opens search for top job

Christine Lagarde offers to serve again     Washington, January 21 (Reuters): The International Monetary Fund said it plans an open selection process for its top job and will begin accepting nominations on Thursday, even though Christine Lagarde has said she is open to another term leading the crisis lender.   The International Monetary Fund […]