Business

  • Building city on Mars could cost up to $10 trillion: Elon Musk
    Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China on January 7, 2019. (REUTERS File Photo)     San Francisco, August 14 (IANS): SpaceX CEO Elon Musk has not stopped at lofty talks of colonising Mars. He has even estimated the cost of having a self-sustaining civilization on the Red Planet which is "between $100 billion and $10 trillion".   Musk tweeted his estimates of building a city on Mars in response to
  • Now speak to Amazon messaging assistant in Hindi
    Bengaluru, August 14 (IANS): Amazon India on Wednesday launched its automated messaging assistant in Hindi for its customers who can get their queries resolved in the language of their preference.   The automated assistant is a chatbot powered by Amazon's Artificial Intelligence (AI) platform, leveraging Machine Learning (ML) and Natural Language Processing (NLP) capabilities for a seamless and friendly conversational experience for customers, the company said in a statement
  • iPhone XR takes Apple to top spot in Indian premium segment
    New Delhi, August 14 (IANS): Riding on heavy promotional offers especially on iPhone XR, Apple has regained top position in the premium smartphone segment in India in the second quarter (Q2) this year and should look forward to cement its position as festive quarters inch closer.   According to the International Data Corporation (IDC), in the premium ($500 or Rs 35,000 and above) segment, Apple bettered Samsung for the leadership position with an overall share of 41.2 per ce
  • 52% banks report fall in bad loans in January-June: Survey
    New Delhi, August 13 (IANS): The proportion of banks citing reduction in non-performing assets (NPAs) stood at 52 per cent in the January-June period as against 43 per cent in the previous round, a Ficci-IBA report said.   The current round of the bankers' survey presented an improved picture of the changing trend in NPAs.   Amongst the public sector banks (PSBs), about 55 per cent of lenders have cited reduction in NPA levels. Among the respondents stating infras
  • Slowdown continues: Domestic passenger cars sales plunge 36%
    Workers assemble a Tata Tigor car inside the Tata Motors car plant in Sanand, on the outskirts of Ahmedabad on August 7, 2018. (REUTERS File Photo)     New Delhi, August 13 (IANS): The slump in domestic passenger cars' sales continued with the segment's off-take plunging by 35.95 per cent in July.   Industry observers cited high cost due to GST and lack of adequate liquidity as the main reasons for the sales slowdown.   According to the Soc
  • Reliance-Microsoft tie-up poses threat to Amazon, Google in India
    Visitors stand in front of a display screen at Microsoft's new Oxford Circus store ahead of its opening in London, Britain on July 9, 2019. (REUTERS File Photo)   MUMBAI/COLOMBO, AUGUST 13 (REUTERS):Reliance Industries Ltd on Monday announced a partnership with Microsoft's Azure cloud platform, in a move that deepens the offerings of its Jio telecoms unit while posing a direct challenge to rival cloud services providers such as Amazon.com and Alphabet's Google.  
  • WordPress parent firm buys Tumblr for undisclosed amount
    San Francisco, August 13 (IANS): US carrier major Verizon has sold micro-blogging and social networking website Tumblr to blogging site WordPress' parent company Automattic Inc. for an undisclosed amount.   Post the acquisition, Tumblr would act as a "complementary" site to WordPress.   After purchasing Yahoo, Verizon had acquired Tumblr in 2017 and earlier this year, started to explore the option of selling the platform, The Verge reported on Monday quoting a Wal
  • India sees record 36.9mn smartphone shipments in Q2
    New Delhi, August 13 (IANS): India smartphone market saw its highest-ever shipment of 36.9 million in the second quarter (Q2) of 2019 -- with 9.9 per cent year-on-year (YoY) and 14.8 per cent quarter-on-quarter (QoQ) growth, a new report said on Tuesday.   According to the International Data Corporation's (IDC) "Asia/Pacific Quarterly Mobile Phone Tracker" report, Chinese handset maker Xiaomi saw its shipment volume grow by 4.8 per cent (YoY) in Q2 while Samsung registered a
  • Canon refreshes its flagship compact G series in India
    New Delhi, August 13 (IANS): Canon India on Tuesday expanded its flagship compact G series with the PowerShot G5 X Mark II and the PowerShot G7 X Mark III for Rs 64,995 and Rs 52,995, respectively.   "Our iconic PowerShot G series offers powerful imagery and advanced technology in a premium, yet compact form factor. We are delighted to announce the new entrants to the G series line-up, equipped with new user-friendly functionalities.   "The new cameras offer large
  • Bugs found in backend systems of top 5,000 free Android apps
    New York, August 13 (IANS): Cybersecurity researchers have identified more than 1,600 vulnerabilities in the support ecosystem behind the top 5,000 free apps available in the Google Play Store.   While the researchers from Georgia Institute of Technology and The Ohio State University studied only applications in the Google Play Store, applications designed for iOS may share the same backend systems.   The vulnerabilities were found in the backend systems that feed
  • India's crude oil imports are lacklustre, joining coal, LNG
    An employee demonstrates a sample of crude oil in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia in this picture illustration taken on March 11, 2019. (REUTERS File Photo)     LAUNCESTON, August 12 (Reuters): India’s imports of crude oil have stalled in recent months, but the malaise in the country’s energy sector is deeper, with both coal and liquefied natural gas (LNG) also soft.   India, Asia’s second-biggest cr
  • First Hyundai Grand i10 NIOS rolls out of Chennai plant
    A worker demonstrates the usage of electrical vehicle (EV) charging cable at the flagging off ceremony of the Hyundai Motor India Ltd's electric sports utility vehicle (SUV) KONA Electric at the Tamil Nadu secretariat, in Chennai on July 24, 2019. (IANS File Photo)   Chennai, August 12 (IANS): Car maker Hyundai Motor India Ltd on Monday rolled out its first Grand i10 NIOS at its factory here, the company said. "This is a proud moment for us at Hyundai, with
  • Jio GigaFiber's commercial services start Sep 5
    Reliance Industries (RIL) Chairman Mukesh Ambani with his mother Kokilaben Ambani and wife Nita Ambani at RIL's 42nd Annual General Meeting in Mumbai on August 12. (IANS Photo)     Mumbai, August 12 (IANS): Reliance Industries (RIL) Chairman Mukesh Ambani on Monday announced the launch of Jio GigaFiber and said that the services would be available commercially from September 5. Speaking to shareholders at the 42nd Annual General Meeting (AGM), Ambani said
  • Tesla electric car catches fire after hitting tow truck in Moscow
    A Tesla car is seen in Santa Monica, California, United States on October 23, 2018. (REUTERS File Photo)     MOSCOW, August 11 (Reuters): A Tesla Model 3 electric car caught fire after crashing into a parked tow truck on a Moscow motorway late on Saturday, with the Tesla driver saying he had failed to see the vehicle with which he collided.   Asked in a video published on REN TV website if he was using an Autopilot self-driving system, driver Ale
  • BSNL to chase dues from enterprise clients, hopes to recover bulk of Rs 3,000 crore
    New Delhi, August 11 (PTI): Battling severe liquidity crunch, BSNL plans to aggressively chase outstanding dues from its enterprise clients and is hoping to recover the bulk of over Rs 3,000 crore receivables in the next two-three months, its chairman said. The move comes at a time when Bharat Sanchar Nigam Ltd (BSNL) is facing mounting pressure on its financials, and it even delayed payment of employee salaries for the second time this year. BSNL on August 5 had released July salaries
  • GIA to have dedicated terminal for private jets by October
    New Delhi, August 11 (IANS): The national capital's Indira Gandhi International Airport will soon have a fixed-base operator (FBO) terminal for private jet and charter flight services by October 2019.   These types of facilities aid in the expansion of general aviation services at busy airports around the world as they provide designated terminal for users of private jets and charter flights.   Besides, the company mandated to operate and manage the IGIA -- G
  • FPIs remain in sell-off mode, pull out Rs 9,197 crore in August so far
    New Delhi, August 11 (PTI): Continuing with their selling spree, foreign investors pulled out a net amount of ₹9,197 crore in just seven trading sessions in August due to unconducive domestic and global factors.   However, analysts said the trend may reverse if the government addresses the tax concerns of overseas investors.   According to latest depositories data, foreign portfolio investors (FPIs) withdrew a net amount of ₹11,134.60 from equities while
  • Forget bananas, 2 boiled eggs can cost you Rs 1,700
    New Delhi, August  11 (IANS):  If you thought two bananas at Chandigarh's JW Marriott Hotel for Rs 442 was extremely exorbitant, think again.   Two boiled eggs at high-end Four Seasons Hotel in Mumbai has cost a Twitter user Rs 1,700.   After actor Rahul Bose's banana controversy that resulted in a Rs 25,000 fine on JW Marriott hotel by the Excise and Taxation Department of Chandigarh, Twitter user Kartik Dhar has posted a bill with the caption: "2 eggs
  • Contacts on iPhones vulnerable to hack attack: Report
    San Francisco, August 11 (IANS): Apple has never shied away from boasting about how secure its systems are, but researchers have found that contacts saved on iPhones are vulnerable to an SQLite hack attack which could infect the devices with malware.   SQLite - the most widespread database engine in the world - is available in every operating system (OS), desktop and mobile phone. Windows 10, macOS, iOS, Chrome, Safari, Firefox and Android are popular users of SQLite. &n
  • Centre rolls out FAQs over Legacy Dispute Resolution scheme
    New Delhi, August 11 (IANS):  Building a roadmap for the economy, the Centre has taken a firm step to shed off the excess baggage of litigations, a vital factor slowing down growth.   The Centre has rolled out a set of 43 frequently asked questions (FAQs) connected with the 'Sabka Vishwas Scheme' (Legacy Dispute Resolution), 2019, a step largely towards simplifying a scheme directly linked to creating a favourable atmosphere enabling ease of doing business.