Business

  • India bond yields fall as finance minister backs rate cuts, reaffirms foreign bond issue plan
    MUMBAI, July 29 (Reuters): Indian bond yields dropped sharply on Monday after the finance minister said the government won’t change its plan to issue sovereign bonds and that she hopes the Reserve Bank of India makes more rate cuts.   “I’ll honestly wish (for a) rate cut ... and yes, a significant rate cut would do a lot of good for the country,” Nirmala Sitharaman told newspaper Economic Times in an interview published on Monday.    “I am consc
  • BSNL orders officers to fly economy class to cut costs
    New Delhi, July 29 (IANS): In a move to cut costs further amid financial difficulties, state-run telecom major BSNL has asked all its officers to fly by economy class on both domestic and international air travel, according to an office order.   “Due to present financial stress of the company, all BSNL officers will now travel by economy class air journey (Domestic and International journey) while performing their official tours with immediate effect till further orders.
  • ‘All three 2020 iPhone models to support 5G’
    San Francisco, July 29 (IANS): Apple analyst Ming-Chi Kuo has told investors that all three iPhone models slated for release next year would support 5G technology.   Kuo said earlier that the next year’s 5.4-inch and 6.7-inch iPhone models would support 5G while a third -- a cheaper 6.1-inch iPhone XR successor -- would only access LTE networks.    “Now he has issued a new report that all three iPhone models would support 5G,” The Verge reported on
  • ‘India’s renewable energy cost lowest in Asia Pacific’
    New Delhi, July 29 (Reuters): India’s renewable energy cost is the lowest in the Asia Pacific, consultancy Wood Mackenzie said on Monday.   India’s levelised cost of electricity (LCOE) using solar photovoltaic has fallen to $38 per megawatt hour (MWh) this year, 14% cheaper than coal-fired power that has traditionally been the cheapest source of power generation, WoodMac said.   LCOE comprises the cost of generating a megawatt-hour (MWh) of electricity, th
  • Vodafone Idea shares fall 29% on sudden revenue loss
    Mumbai, July 29 (IANS): Vodafone Idea shares on Monday fell to its all-time low level over sudden revenue deterioration reported in its quarterly results, reflecting the stress in the Indian telecom sector.   Sell-off in the Vodafone Idea shares came on the back of investor concerns on the stability of the company, which saw the scrips fall as much as 29 per cent on the BSE before it closed 27.03 per cent lower at Rs 6.75 apiece.   JM Financial in its investor
  • Making privacy controls more easily accessible: Google CEO
    San Francisco, July 26 (IANS): Google is working towards making privacy controls more easily accessible, expanding its incognito mode to maps and adding new auto delete controls, the company’s CEO Sundar Pichai has said. “And we continue to challenge the notion that products need more data to be more helpful,” Pichai said on Thursday during an earnings call with analysts after Google’s parent company Alphabet reported a revenue of $38.9 billion for the second quarter (Q2) of 20
  • India bank lending to non-bank firms set to gather pace: RBI gov to Business Standard
    MUMBAI, July 26 (Reuters): The credit flow to India’s non-banking finance companies (NBFCs) should gather pace soon, Reserve Bank of India Governor Shaktikanta Das told the Business Standard daily in an interview published on Friday.   The central bank was closely monitoring and scrutinizing the top 50 NBFCs, and had a good understanding of what were the numbers and cash flows of these firms, Das was quoted as saying.    “I think the credit flow will
  • India rice exports could hit 7-year low on weak demand, higher prices: industry
    Farmers plant saplings in a rice field on the outskirts of Ahmedabad. (REUTERS File Photo)   MUMBAI, July 26 (Reuters): India’s rice exports are likely to fall to their lowest level in seven years, industry officials say, as weak demand from African countries weighs and shippers absorb the absence of government incentives that supported previous sales.   Lower shipments from India will help rivals such as Vietnam and Myanmar in raising their exports, according
  • Businesses erring in ignoring quantum technology: PwC
    Biswajit Choudhury  IANS    Businesses globally are ill-prepared for adopting quantum technologies based on the principles of quantum physics that deal with the behaviour of matter and light on the atomic and subatomic scales, according to a senior executive of British advisory multinational PricewaterhouseCoopers (PwC).   Lamenting industry dragging its feet on adopting quantum technology, Grant Waterfall, PwC’s Partner responsible for Cybersecur