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75% of internet use in 2017 will be mobile

New York, October 29 (Reuters): Seventy-five percent of internet use will be mobile in 2017, up slightly from this year, as a growing number of consumers around the world access the web on smartphones and tablets, media buying agency Zenith…

Govt to fix minimum wage rate; farm worker to get Rs 350 a day

  New Delhi, October 29 (PTI): Labour Ministry has decided to fix the minimum wage at Rs 350 per day for unskilled agricultural labour in C-class towns in central sphere to be effective from November 1, 2016.   At present,…

Struggling Indian savers threaten Modi’s growth ambition

Struggling Indian savers threaten Modi’s growth ambition

NEW DELHI/MUMBAI, October 28 (Reuters) – For India’s dream of taking the baton of global growth from China, its savings rate is flashing a warning sign.   Gross national savings as a percent of the South Asian nation’s gross domestic…

Ousted Tata boss’s hostile defence takes boardroom battle public

NEW DELHI, October 27 (Reuters): Days after he was ejected as chairman of Tata Sons, Cyrus Mistry has stunned India with a hostile 5-page letter outlining governance failures, poor decisions and looming writedowns at one of the country’s most revered…

‘Mistry making unsubstantiated claims, malicious allegations’

Mumbai, October 27 (IANS): Tata Sons on Thursday hit back at ousted chairman Cyrus Mistry saying his letter lambasting his predecessor Ratan Tata makes “unsubstantiated claims and malicious allegations”. Dismissing allegations made by Mistry, the company also said that its…

RBI warns against accepting Rs 500, 1000 notes without close scrutiny

The central bank is considering additional identity requirements for the use of Indian banknotes in large numbers     Mumbai, October 27 (PTI): Worried over circulation of fake currency notes of Rs 500 and Rs 1,000 denomination, the RBI asked…

Maruti Suzuki Q2 profit soars 60 percent, beats estimates

Maruti Suzuki Q2 profit soars 60 percent, beats estimates

October 27 REUTERS – Maruti Suzuki India Ltd, India’s biggest-selling automaker, posted a better than expected 60 percent surge in second-quarter net profit as demand grew for its compact and utility vehicles.   Maruti, controlled by Japan’s Suzuki Motor Corp,…

Apple expected to refresh ageing computer line with new MacBook Pro

Apple expected to refresh ageing computer line with new MacBook Pro

October 27 REUTERS – Apple Inc is expected to unveil a revamped MacBook Pro on Thursday with a fingerprint reader and faster ports, returning to the product line it build the company on after updating smartphones with the iPhone 7.…

Samsung’s 3rd quarter profit plunges over Note 7 fiasco

Samsung’s 3rd quarter profit plunges over Note 7 fiasco

Seoul, October 27 (IANS) South Korean tech giant Samsung Electronics’ net profits in the third quarter dropped by a massive 16.8 per cent, primarily due to the Galaxy Note 7 discontinuation, the company announced on Thursday.   Operating profit dropped…

Microsoft launches first desktop, Windows update with 3D features

Microsoft launches first desktop, Windows update with 3D features

NEW YORK, October 27 (Reuters) – Microsoft Corp <MSFT.O> on Wednesday unveiled its first-ever desktop computer and a free update to its Windows operating system that allows edits using 3D simulations, in hopes of reinvigorating its computing business.   The…

Nothing can be free forever: Airtel

Gurgaon, October 26 (IANS): Bharti Airtel Chairman Sunil Mittal on Wednesday took exception to free voice calls offered by Reliance Jio, saying nothing could be free forever.   Speaking on the sidelines of an event here organised by GSMA, Mittal…

‘Women and men won’t reach economic equality until 2186’

NEW YORK, October 26 (Thomson Reuters Foundation): Efforts to close gender gaps in pay and workforce participation slowed so dramatically in the past year that men and women may not reach economic equality for another 170 years, the World Economic…