Nifty retreats from two-year closing highs; banks fall

Nifty retreats from two-year closing highs; banks fall

REUTERS – Indian shares fell on Tuesday after hitting two-year closing highs in the previous session, as investors booked profits in recent outperformers ahead of state elections results, including that of the key state of Uttar Pradesh.   The Nifty closed down 0.18 percent at 8,946.90, after closing at its highest since March 2015 on […]

H1-B visa delay to affect Indian IT firms: Nasscom

Bengaluru, March 5 (IANS) The temporary suspension of premium H1-B visa processing by the US administration would delay their issue to the Indian IT firms too but is not a major imperdiment, said industry’s representative body Nasscom on Sunday.   “The temporary suspension of premium H-1B processing will create some process delays for the companies […]

‘Imports like electronics, machinery go against Make in India’

New Delhi, March 5 (IANS) The government’s “Make in India” programme to boost manufacturing should target on priority basis high import-intensive items like electronics, machinery, steel and transport equipment, industry chamber Assocham said on Sunday.   “There are other major import items like crude oil, gold and precious stones which cannot be produced indigenously or […]

Paytm E-Commerce raises $200 million from Alibaba, SAIF Partners

Paytm E-Commerce raises $200 million from Alibaba, SAIF Partners

MUMBAI, March 3 (Reuters) – Paytm E-Commerce Pvt Ltd has raised $200 million from China’s Alibaba Group Holding and venture capital fund SAIF Partners to expand its online retail business in a market dominated by homegrown Flipkart and U.S. tech giant Amazon.   Alibaba.com Singapore E-Commerce Pvt Ltd picked up a 36.31 percent stake in […]

India services activity grows for first time in 4 months as demand slowly recovers-PMI

India services activity grows for first time in 4 months as demand slowly recovers-PMI

BENGALURU, March 3 (Reuters) – India’s dominant services industry returned to growth in February for the first time in four months as demand slowly recovers after the government’s cash crackdown late last year, a private business survey showed on Friday.   The Nikkei/IHS Markit Services Purchasing Managers’ Index rose to 50.3 in February from 48.7 […]

Airtel rated as India’s ‘Fastest Mobile Network for 2016’

Airtel rated as India’s ‘Fastest Mobile Network for 2016’

New Delhi, March 2 (IANS) Indias largest telecommunications services provider Bharti Airtel has been rated the ‘Fastest Mobile Network for 2016′, leading broadband testing and network diagnostic application Ookla said on Thursday.   The findings were based on analysis of millions of internet speed tests logged on ‘modern devices’ by mobile customers across the country […]

TCS says founders to participate in share buyback

TCS says founders to participate in share buyback

MUMBAI, March 1 (Reuters) – Tata Consultancy Services Ltd (TCS), which plans to buy back shares worth up to 160 billion rupees ($2.39 billion), said on Wednesday the founder group of the company intended to participate in the proposed buyback.   TCS, the country’s top software services exporter, is part of the salt-to-software Tata conglomerate, […]

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