Mumbai (IANS) Country’s largest lender State Bank of India (SBI) on Monday said it will reduce interest paid on all term deposits from August 1. The lending major said that in accordance to the falling interest rate scenario and surplus liquidity, … read more
San Francisco (IANS) Apple has announced the acquisition of chip-maker Intel’s smartphone modem business for $1 billion. Approximately 2,200 Intel employees will join Apple, along with intellectual property, equipment and leases, the Cupertino-based iPhone maker said in a statement late Thursday. … read more
New Delhi (IANS) The Government is planning a major asset monetization this year that may focus on spinning off loss-making subsidiaries of public sector enterprises (PSEs) into separate entities and selling these non-core assets to potential suitors under a competitive bidding … read more
New Delhi (IANS) Ratings agency ICRA expects the Q1 FY2020 current account deficit (CAD) to remain steady at $16-17 billion or 2.3 per cent of GDP, despite the recent contraction in merchandise exports and imports. The agency in a note pointed … read more
Mumbai (IANS) In reaction to the Rs 1,774.82 crore Bhushan Power & Steel Ltd (BPSL) fraud that Allahabad Bank reported in the weekend, its scrips fell by over 11 per cent during the early trade on Monday. At 9.22 a.m., the … read more
New York (IANS) The New York Stock Exchange’s key indexes set new record highs on Thursday, fueled by expectations that the US Federal Reserve will cut interest rates. The Dow Jones Industrial Average gained 227.88 points, or 0.85 per cent, to … read more
New Delhi (IANS) Reliance Industries Ltd (RIL) on Monday said that it has has joined hands with Turkey’s textile company, Kivanc Tekstil, to manufacture and market fabric R|Elana GreenGold. Apart from manufacturing and marketing this fabris, KivanA will be the exclusive … read more
New Delhi (IANS) The government is targeting the second half of the fiscal year to raise funds through overseas bond sales, Finance Secretary Subhash Chandra Garg said. “We will target the second half,” Garg told IANS in an interview on being … read more
Agartala (IANS) Tripura’s Chief Minister, economists and traders on Friday hailed the Union Budget presented by Finance Minister Nirmala Sitharaman. Tripura Chief Minister Biplab Kumar Deb said that the 2019-20 Budget would boost the rural economy and would be helpful for … read more
Seoul (IANS) Samsung will introduce more Internet of Things (IOT) or connected appliances that can be controlled through devices such as smartphones in India when the market is ready and has 5G connectivity, a top company executive said on Tuesday. In … read more