Business

  • Samsung unveils super-productive Galaxy Note10 smartphones
    New York, August 8 (IANS): Taking productivity and creativity to the next level, Samsung has unveiled its most powerful line-up of Galaxy Note10 smartphones with an enhanced S (Stylus) Pen experience. The 6.3-inch FHD+ Galaxy Note10 houses 8GB RAM with 256GB internal storage (4G model) while 12GB RAM with 256GB internal storage will be 5G-ready. The Galaxy Note 10+ has a mammoth 12GB RAM (with 256GB internal storage) and another 5G-ready variant of 12GB RAM with 512G
  • Indian state to map cotton supply chain to stamp out child labour
    An employee sprays water on a pile of cotton at a cotton processing unit at Kadi town, in the western Indian state of Gujarat on April 5, 2018. (REUTERS File Photo)   CHENNAI, August 6 (Thomson Reuters Foundation): A top cotton producing state in India is to start mapping its entire supply chain as part of a unique collaboration with the International Labour Organisation (ILO) to weed out child labour and slavery from its fields and factories.   The southern state
  • Soon, Google Assistant can read WhatsApp texts
    San Francisco, August 6 (IANS): Google's virtual assistant is reportedly getting the ability to read messages from non-Google apps like WhatsApp, Slack and Telegram.   Google Assistant has long had the option to read outs SMS messages aloud, but that has not done much good if for conversations lived in third-party apps.   If the feature is rolled-out widely, it would let users dictate their replies to messages for these non-Google apps as well, Engadget reported o
  • Most Asian currencies stem further losses as yuan pulls off lows
    Beijing, August 6 (Reuters):- Most Asian currencies regained some of their footing on Tuesday, as signs Beijing is keen to stem the yuan’s slide soothed markets unnerved by the Trump administration’s labelling of China as a currency manipulator.   People’s Bank of China’s firmer-than-expected yuan fixing helped pull the currency from the lows it touched on Monday, but it still held beyond the 7-per-dollar level that it broke for the first time since the global financ
  • IndiGo co-founder says feud still unresolved
    BENGALURU, August 6 (Reuters): A co-founder of India’s biggest airline IndiGo, Rakesh Gangwal, said reports that a truce had been brokered between him and another co-founder Rahul Bhatia over disagreements on corporate governance were “false and misleading.”   In a letter here dated Aug. 5, Gangwal told the board of IndiGo's parent InterGlobe Aviation Ltd that issues between him and Bhatia remained unresolved.   Gangwal last month alleged violations of corpo
  • India raises cost of refinery project with Aramco by 36% - sources
    The logo of Saudi Aramco is seen at Aramco headquarters in Dhahran, Saudi Arabia on May 23, 2018. (REUTERS File Photo)     NEW DELHI, August 6 (Reuters): India has increased the cost estimate of a giant refinery and petrochemical project to be jointly built with Saudi Aramco and Abu Dhabi National Oil Co by more than 36%, after protests by farmers forced the relocation of the plant, four sources said.   The 1.2 million barrels-per-day (bpd) coastal refiner
  • IGIA starts airport expansion to handle 100 mn passengers yearly
    New Delhi, August 5 (IANS): The Indira Gandhi International Airport (IGIA) in the national capital has commenced its next phase of infrastructure expansion plan which will enable it to handle 100 million passenger per annum (MPPA) in the next three years.   The plan, unveiled by operator Delhi International Airport Ltd (DIAL) in a statement on Monday, envisages an enhanced airside capacity to handle 140 MPPA.   The overall development plan under Phase 3A is exp
  • India services activity reverses course, surges in July: PMI
    A waiter arranges plates at a counter stacked with breakfast items at an Iranian Parsi restaurant in Mumbai on July 20, 2018. (REUTERS File Photo)   New Delhi, August 5 (Reuters): India’s services activity bounced back in July and expanded at the fastest pace in a year after contracting the previous month, driven largely by strong growth in international demand, a private survey showed on Monday.   The IHS Markit Services Purchasing Managers’ Index rose t
  • State Bank of India seeks bids for Videocon's overseas oil, gas assets
    The State Bank of India (SBI) office building in Kolkata on February 9, 2018. (REUTERS File Photo)   MUMBAI, August 5 (Reuters): The State Bank of India has invited bids for overseas oil and gas assets of Videocon Industries Ltd, a newspaper advertisement showed on Monday, as India seeks to recover billions of dollars in loans from the beleaguered private firm.   Consumer electronics firm Videocon Industries is one of the most indebted companies in India, with out
  • Suzuki posts 46% drop in first-quarter profit on slowing India demand
    The Suzuki logo is seen during the first press day of the Paris auto show, in Paris, France on October 2, 2018. (REUTERS File Photo)   TOKYO, August 5 (Reuters): Suzuki Motor Corp on Monday reported a 46.2% fall in first-quarter operating profit, hurt by lower output at home as it improves its inspection systems, and falling demand in India, its biggest market.   Japan’s fourth-largest automaker posted an operating profit of 62.7 billion yen ($592 million
  • Windows 7 users opting out before Microsoft ends support
    San Francisco, August 5 (IANS): A few months before Microsoft ends support for its Windows 7 operating system (OS), the older OS experienced a large drop in July.   In July, user-base of Windows 7 dropped 3.6 per cent -- down to 31.8 per cent -- in the overall PC market, that led to a significant increase in the Windows 10 user-base, TechRadar on Sunday cited a report by analytics firm Net Applications as saying.   Windows 10 saw an increased user-share by 3.1 per
  • Samsung likely to unveil 2 Galaxy Note devices, all-new S Pen
    New York, August  5 (IANS): For the first time, Samsung Electronics is set to unveil two Galaxy Note devices -- Galaxy Note 10 and Galaxy Note10 Plus -- here on August 7 that would take performance and productivity on-the-go to the next level, while simultaneously positioning the brand strongly against Apple's forthcoming iPhones as holiday season inches closer.   Galaxy Note10 Plus is likely to come with 6.8-inch screen while the smaller one will have 6.3-inch screen,
  • Redmi K20, Redmi K20 Pro go on open sale in India
    New Delhi, August 5 (IANS): Xiaomi's recently launched smartphones under the Redmi sub-brand -- Redmi K20 and Redmi K20 Pro -- are on open sale in India across Mi.com and Flipkart starting on Monday.   The devices would also be available across all premium offline stores, the company said in a statement.   Redmi K20 Pro price in India starts from Rs 27,999 for the 6GB RAM + 128GB storage variant, going up to Rs 30,999 for its 8GB RAM + 256GB storage variant. While
  • Facebook, Instagram down for many users
    San Francisco, August 5 (IANS): Users from different parts of the world took to Twitter on Sunday to report problems using Facebook and Instagram.   "So Facebook isn't uploading videos this morning? (at least it's not working here)," tweeted Sean Platter, Art Director at Universal Animation Studios, Los Angeles.   "Facebook share not working today," wrote another user.   While the problems that Facebook users reported are centred around use of media suc
  • Huawei's foldable phone Mate X to hit shelves in Sept
    Beijing, August 5 (IANS): Chinese smartphone manufacturer Huawei's foldable phone Mate X, which is expected to launch during Huawei Developer Conference in the coming days, is all set to go on sale from next month.   However, the company would be putting a limited quantity of devices on sale because of the production and supply chain concerns, news portal GizmoChina reported on Monday.   The Huawei Mate X smartphone was initially set to launch in June this year bu
  • Auto industry may further cut production
    New Delhi, August 4 (IANS): After denting the auto sector's profitability, the consumption slowdown along with the upcoming shift to BS VI standards will further decelerate production, leading to eventual job losses.   Industry insiders point out that slowdown, which is a culmination of high GST tax rates, farm distress, stagnant wages and liquidity constraints, has led to the month-on-month sales de-growth.   Besides, inventory pile-up at dearlership level and st
  • Google bets big with several 'India first' features
    New Delhi, August 4 (IANS): From alerting Google Maps users when their vehicle goes off-route to partnering with the Ministry of Housing and Urban Affairs for the "Loo Review" campaign, the bullish search engine giant has had a history of building India-first features for the world's second-largest population.   India also has the second-biggest digital market and the Internet population of over 500 million is expected to touch 650 million by 2020.   Especially ta
  • Vistara to stretch wings in Thailand, Nepal
    New Delhi, August 4 (IANS): India's only full-service private carrier Vistara plans to add destinations in Thailand and Nepal to its international network by the year-end.   According to industry sources, the airline which is just about to commence international operations from August 6, will rapidly expand its global presence, thereafter.   The airline is expected to deploy capacity to Bangkok and Kathmandu after starting operations to Dubai.   Recentl
  • Apple looks at Indian smartphone market with new glasses
    New Delhi, August 4 (IANS): Tim Cook has an interesting connection with India. A big believer in the Indian middle class, Cook last visited the country officially in May 2016 and since then, we hear him praising the country from his Cupertino-headquarters in California, often during analysts' call at the end of the company's quarter results.   According to industry analysts, Cook is aware of the immense potential in the country -- which has over 450 million smartphone users
  • India's biggest carmaker Maruti Suzuki cuts temporary jobs as sales plunge
    Labourers walk along a street next to a Maruti Suzuki India Ltd. manufacturing plant in Manesar in the northern state of Haryana on August 2. (REUTERS Photo)   MANESAR/NEW DELHI, August 3 (Reuters): India’s biggest automaker, Maruti Suzuki India Ltd (MRTI.NS), said it had cut the number of its temporary workers to cope with a slowdown in auto sales, adding to the jobless problem in Asia’s third largest economy.   The vehicle industry, accounting for nearly hal