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Foreign carmakers embrace China as electric car development hub

Foreign carmakers embrace China as electric car development hub

SHANGHAI, April 20 (REUTERS): China’s crackdown on vehicle pollution will turn the world’s largest auto market into a hub for cutting edge electric car technologies previously exported from Europe and the United States, industry executives at the Shanghai motor show…

Back to basics: global investment banks beef up transaction business in Asia

Back to basics: global investment banks beef up transaction business in Asia

HONG KONG, April 20 (Reuters) – With dealmaking in Asia sluggish and Chinese investment banks taking market share from global rivals, some foreign banks are ploughing resources into transaction banking, the workaday business of financing trade, managing cash and facilitating…

SBI Card starts charging Rs 100 on small payments via cheque

New Delhi, April 19 (PTI): SBI Card, with over 4 million customers, has started charging Rs 100 for payment through cheque if the amount is less than Rs 2,000. A higher amount will attract no fee and the new system…

Tata Motors to export some older-technology trucks after court ban

Tata Motors to export some older-technology trucks after court ban

NEW DELHI, April 19 (Reuters) – Tata Motors <TAMO.NS> is planning to export some of its unsold stock of older-technology trucks, after an unexpected ban on their sale in India, a senior company executive said on Wednesday.   India’s top…

Samsung Galaxy S8, S8+ in India, buy on Flipkart now

Samsung Galaxy S8, S8+ in India, buy on Flipkart now

New Delhi, April 19 (IANS) Set to give Apple iPhones a tough competition, Samsung on Wednesday ended the Indian consumers’ wait and brought its flagship devices Galaxy S8 and Galaxy S8+ to the country.   Packed with a voice assistant…

India’s digital payments infra to grow three-fold in 2017: MeitY

India’s digital payments infra to grow three-fold in 2017: MeitY

New Delhi, April 19 (IANS) The infrastructure of digital payments in India is expected to increase three-fold by the end of 2017 with almost five million electronic point of sale (PoS) machines, the Ministry of Electronics and IT (MeitY) said…

TCS net up 4.2 per cent in Q4

TCS net up 4.2 per cent in Q4

Mumbai, April 18 (IANS) Tata Consultancy Services (TCS) posted Rs 6,608 crore net profit of the fourth quarter of fiscal 2016-17, registering 4.2 per cent over last year and 2.2 per cent over last quarter.   In a regulatory filing…

Mallya arrested in UK by Scotland Yard, gets bail

Mallya arrested in UK by Scotland Yard, gets bail

London, Apr 18 (PTI) Embattled Indian tycoon Vijay Mallya, who has been declared a proclaimed offender, was today arrested in London by Scotland Yard on India’s request for his extradition on fraud charges.   The 61-year-old liquor baron, wanted in…

Nokia ready to work with Chinese partners on innovation

Nokia ready to work with Chinese partners on innovation

Helsinki, April 18 (IANS) Among a series of documents signed by Chinese President Xi Jinping and his Finnish counterpart Sauli Niinisto here in April, the innovation partnership impressed Nokia’s head Risto Siilasmaa the most.   As agreed by the representatives…

India in dire need of digital business leaders: Report

Mumbai, April 17 (IANS): A significant digital gap exists between the best and worst performing brands in India and the country needs ‘Digital Business Leaders’ who can address the digital experience that businesses provide to their customers, a new report…

New Google Earth to be launched on April 18

New York, April 17 (IANS): Google is reportedly building an overhauled version of its Google Earth that will be unveiled during an Earth Day event in New York City on April 18, a media report said.   According to a…

India’s wholesale price inflation in March falls to 5.70%

India’s wholesale price inflation in March falls to 5.70%

New Delhi, April 17 (IANS) India’s annual rate of inflation based on wholesale prices softened in March at 5.70 per cent after having risen to over a three-year high of 6.55 per cent in February on rising food and fuel…