Apple sells more iPhones than expected, shares jump after hours

Apple sells more iPhones than expected, shares jump after hours

July 27 (Reuters) – Apple Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts’ targets, soothing fears that demand for the company’s most important product had hit a wall.   Its shares rose 7 percent in after-hours trading.   The […]

Parliament passes bill to allow kids below 14 to be engaged in ‘home-based work’

New Delhi, July 26 (IANS): The Parliament on Tuesday passed the Child Labour (Prohibition and Regulation) Amendment Bill, 2016, seeking to prohibits employment of children below 14 years in any “profession” but allows “home-based work”, such as helping their families in forests, agricultural fields and small family-run units with the Lok Sabha giving its nod. […]

Arun Jaitley meets state ministers to rescue stalled GST reform

Arun Jaitley meets state ministers to rescue stalled GST reform

NEW DELHI, July 26 (Reuters) – Finance Minister Arun Jaitley met his state counterparts on Tuesday to forge a political consensus on a much-awaited sales tax reform that is held up in parliament, but made little progress in breaking the impasse.   The proposed tax reform, the biggest since India’s independence from Britain in 1947, […]

Changes to India’s child labour law will disadvantage tribals, lower-castes – U.N.

Changes to India’s child labour law will disadvantage tribals, lower-castes – U.N.

NEW DELHI, July 26 (Thomson Reuters Foundation) – The United Nations says changes to India’s child labour law which permit children to work for their families and reduce the number of banned occupations for adolescents will disadvantage vulnerable groups such as tribals and lower-caste communities.   The Rajya Sabha passed amendments to a three-decade-old child […]

Strong global legal regime needed to fight terrorism: advocates India

Vientiane/New Delhi, July 25 (IANS): India on Monday called for constructing a strong international legal regime, based on the principle of zero tolerance, to fight the scourge of terrorism.   “Countering terrorism is an imperative in the face of rising terrorist attacks across the globe, including in our region, notably in Jakarta, Bangkok, Pathankot, Dhaka […]

Verizon to buy Yahoo’s core business for $4.83 billion

Verizon to buy Yahoo’s core business for $4.83 billion

July 25 (REUTERS) – Verizon Communications Inc said it had agreed to buy Yahoo Inc’s core internet business for $4.83 billion in cash, ending a lengthy sale process for the fading Web pioneer.   Buying Yahoo’s operations will boost Verizon’s AOL internet business, which it bought last year for $4.4 billion, by giving it access […]

Declare black money by Sept 30: PM warns

Declare black money  by Sept 30: PM warns

New Delhi, July 23 (PTI): Warning black money holders of stringent action including imprisonment after September 30, Prime Minister Narendra Modi on Saturday said those with undisclosed wealth, most of which is parked in jewellery and real estate, should come clean to sleep peacefully.   At a function jewellers organised to felicitate him, Modi said […]

Pakistan exports weapons, terrorism to Kashmir, not good wishes: Sushma

Pakistan exports weapons, terrorism to Kashmir, not good wishes: Sushma

New Delhi, July 23 (IANS) Pakistan has never exported good wishes to Kashmir but only weapons and terrorism, External Affairs Minister Sushma Swaraj said on Saturday.   “Pakistan’s Prime Minister (Nawaz Sharif) says that his good wishes are with the people of Kashmir.,” Sushma Swaraj said in a statement to the media.   “Sadly, it’s […]