Business

  • Microsoft expands top cyber protection for high-risk customers
    NEW DELHI, MARCH 10 (IANS): Alarmed at the massive attack by nation-state threat actors including from China on its business email servers, Microsoft has announced the expansion of its enterprise-grade identity and access management protection service 'AccountGuard' to all high-risk members in 31 countries at no additional cost. Microsoft AccountGuard provides notification about cyberthreats, including attacks by known nation-state actors, in a unified way across both email
  • Samsung dominates 2020 foldable smartphone market: Report
    SEOUL, MARCH 9 (IANS): Samsung Electronics, the world's largest smartphone vendor, was the dominant player in the global foldable smartphone market last year, a report showed Tuesday, with its leading status expected to continue through 2021. For the whole of 2020, Samsung logged an 87 per cent share on a unit basis in the global foldable smartphone market that was estimated at 2.2 million units, according to market tracker Display Supply Chain Consultants (DSCC). "The Z
  • Asus launches new gaming laptop in India
    NEW DELHI, MARCH 9 (IANS): Taiwanese tech giant, Asus India, on Tuesday announced the expansion of its TUF laptop portfolio in India with the launch of new TUF Dash F15, a 15-inch gaming laptop at a starting price of Rs 1,39,990. The new Asus laptop comes with the latest 11th generation Intel Core i7-11370H processor and GeForce RTX 3070/3060 GPU, for an unbeatable performance. The laptop was unveiled globally during a virtual conference at Consumer Electronics Show (CES) 2021 and i
  • Assembly polls may spare consumers from petrol, diesel price hikes
    NEW DELHI, MARCH 9 (IANS): Assembly elections in four states and one union territory starting later this month may spare consumers from any major increase in petrol and diesel prices for the next few weeks. Sources indicated that with fuel price rise becoming an election issue, the Centre would not like to further escalate the matter with more increases in the auto fuel prices required in the wake of firming of prices in the global oil market. So, oil marketing companies will hol
  • Apple says iPhone 12 production to soon start in India
    NEW DELHI, MARCH 9 (IANS): In yet another fillip to the Make in India and domestic manufacturing dream of the Indian government, Apple said on Tuesday that its flagship and environment-friendly iPhone 12 smartphone will soon be produced in India for the local customers. The news comes at a time when the iPhone 12 series has received stupendous response in the country. "We are proud to be starting production of iPhone 12 in India for our local customers," Apple told IANS
  • 4 held for duping Pune co-op bank of over Rs 71Cr
    MUMBAI, MARCH 8 (IANS): The Enforcement Directorate (ED) has arrested four persons on charges of defrauding Pune's Shivaji Bhosle Co-operative Bank Ltd to the tune of Rs 71.78 crore deposited by small investors. The fraud was noticed by the Reserve Bank of India (RBI) in 2019. Anil Shivajirao Bhosale, Suryaji Pandurang Jadhav, Tanaji Dattu Padwal, and Shailesh Bhosale were arrested on March 6 after taking custody of the said accused persons from Yervada Jail. The arrest was d
  • Tata Motors shareholders' give nod to hive-off PV biz into new entity
    MUMBAI, MARCH 8 (IANS): Shareholders of Tata Motors have approved the hiving off of its passenger vehicles business into a separate entity. The shareholders on March 5, resolution for approving the scheme of arrangement between Tata Motors Limited (transferor company') and TML Business Analytics Services Limited (transferee company) and their respective shareholders under Section 230-232 of the Companies Act, 2013. In a regulatory filing on Monday, Tata Motors said that over
  • EU approves Microsoft's $7.5B ZeniMax Media acquisition
    London, March 8 (IANS): The European Commission has approved Microsoft's $7.5 billion deal to acquire ZeniMax Media, the parent company of Bethesda Softworks, one of the largest, privately held game developers and publishers in the world. According to the EU, the deal "does not raise serious doubts as to its compatibility with the common market." Microsoft originally announced its plans to acquire Bethesda in September. Creators of critically acclaimed and best-s
  • Petrol, diesel prices steady even as crude crosses $70/b
    New Delhi, March 8 (IANS): Oil marketing companies have spared fuel consumers of yet another petrol and diesel price hike even though the global oil market is on boil with crude crossing a year high of $70 a barrel. Accordingly, petrol continues to be priced at Rs 91.17 a litre and diesel Rs 81.47 a litre in the national capital on Monday. Across the country as well the petrol and diesel prices remained unchanged. This is the ninth consecutive day when pump prices of auto fuels have
  • Business confidence in India touches decadal high: FICCI
    NEW DELHI, MARCH 7 (IANS): As the demand scenario improves and economic activities gather momentum, a FICCI survey shows that confidence among Indian businesses and entrepreneurs is significantly high and the business confidence index is at a decadal high. The Overall Business Confidence Index stood at 74.2 in the current round, against the index value of 70.9 reported in the previous survey and 59 reported a year back. "The recently announced Union Budget 2021-22 has been f
  • Nita Ambani launches women-centric digital platform 'Her Circle'
    MUMBAI, MARCH 7 (IANS): Reliance Foundation's Chairperson, Nita Mukesh Ambani has launched 'Her Circle', an empowering and comprehensive content, social media, and goal-fulfilment digital platform for women. A Reliance Foundation statement said that it is aimed at synergising women's power with the power of the digital revolution. "This first-of-its-kind digital networking platform aims to accelerate women's empowerment and strengthen the bonds of sisterh
  • Ban or no ban? Huawei bags Airtel contract
    NEW DELHI, MARCH 7 (IANS): Chinese telecom equipment company, Huawei has bagged a new contract from Bharti Airtel at a time when Chinese companies are under the government scanner. Huawei, ZTE are among the Chinese companies to whom the government has given indications should be kept out telecom gear including the 5G trials. There are already concerns in India about cyber related threats from Chinese companies and this threat is now a spreading global concern. Huawei is alread
  • Centre proposes to raise LIC's authorised capital to Rs 25K cr
    NEW DELHI, MARCH 7 (IANS): With a view of listing the state-run insurance major Life Insurance Corporation of India (LIC), the government has proposed to raise the authorised capital of LIC to Rs 25,000 crore. As per the amendments proposed under the Finance Bill 2021, the authorised share capital of LIC shall be Rs 25,000 crore divided into 2,500 crore shares of Rs 10 each. The share capital of the corporation shall consist of equity shares and preference shares, which may be fu
  • Jharkhand govt signs MoUs with FICCI, Flipkart Internet
    Ranchi/New Delhi, March 6 (IANS): The Jharkhand government on Saturday signed memorandums of understanding (MoUs) with the Federation of Indian Chambers of Commerce and Industry (FICCI) and Flipkart Internet Pvt Ltd at the stakeholders' meet on the draft Jharkhand Industrial and Investment Promotion Policy 2021 in New Delhi. In coordination with the Department of Industries, Flipkart and its group companies will work towards infrastructure and industrial development, including s
  • Tesla, Ford only carmakers not gone bankrupt: Elon Musk
    New Delhi, March 6 (IANS): As several carmakers bleed in the US and beyond, Tesla is profitable and according to Elon Musk, his electric car company and Ford are the only two carmakers in the US which have not gone bankrupt. Tesla reported another profitable quarter as revenue hit $10.74 billion in the fourth quarter of 2020. In last year, Tesla achieved free cash flow of nearly $2.8 billion after spending more than $3 billion on building new factories and other expenditures. US
  • Govt. in position for sharp Rs 8 per litre cut in duty on petrol and diesel to provide relief to consumers
    NEW DELHI, MARCH 5 (IANS): The government may surprise consumers with a sharp cut in excise duty on petrol and diesel to tame rising prices of auto fuels that have already reached historic high levels. Sources privy to the development said the duty cut may be as high as Rs 8 per litre on the two fuels so that consumers are provided immediate relief. Petrol and diesel prices reached all time high levels last month and since then have been touching new highs every day. In the month
  • Govt plans to create world-class storage system
    NEW DELHI, MARCH 5 (IANS): In an effort to strengthen post-harvest supply chain across the country and ensure better returns to the farmers in a big way, the central government is working on a comprehensive plan of creating a world class storage system and standardisation of warehouses complying with the requirements of the Warehousing Development and Regulation Authority (WDRA). A sure and silent change is sweeping the country which is going to help the farmers in a big way and the
  • OYO Hotels & Homes valuation reaches $9 billion
    NEW DELHI, MARCH 5 (IANS): Hospitality major OYO Hotels & Homes' valuation has reached the $9 billion-mark, according to industry sources. The development comes after the latest fundraise of Rs 54 crore or $7.31 million from Hindustan Media Ventures Ltd. In a regulatory filing with the Ministry of Corporate Affairs, OYO said that it has raised Rs 54 crore ($7.31 million) at a share price of $58,490 as part of its Series F1 round. With over 50 products and more than 500
  • Airtel best on smartphones for gaming, HD video calling: Report
    NEW DELHI, MARCH 5 (IANS): When it comes to demanding applications such as 1080p video streaming, real-time mobile gaming and HD video calling, Airtel is offering its subscribers best mobile experience in India, a new report revealed on Friday. Airtel dominated in four of the six metrics tested and the operator had the highest "excellent consistent quality" at 56.6 per cent among the top three providers, the others two being Jio and Vi (earlier Vodafone). The telecom pr
  • Reliance will bear full cost of vax for employees & families: Nita Ambani
    New Delhi, March 5 (IANS): Reliance Industries Limited (RIL) will bear the full cost of Covid 19 vaccination for its employees and their families. Nita Mukesh Ambani, Founder and Chairperson, Reliance Foundation in a letter to members of the Reliance family said, "In our Reliance Family Day 2020 message, Mukesh and I had personally assured you that as soon as any approved Covid 19 vaccine is available in India, we will do our best to plan early vaccination for all Reliance empl