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‘Xiaomi sells record 1 million handsets in India in 18 days’

BEIJING: Chinese cellphone maker Xiaomi has sold a record one million smartphones in India in 18 days during the Diwali festive season, despite boycott calls of Chinese goods in the… Read more »


Automation threatens 69 per cent jobs in India: World Bank

WASHINGTON: Automation threatens 69 per cent of the jobs in India and 77 per cent in China, according to a World Bank research which says technology could “fundamentally disrupt” the… Read more »


Pak film industry may suffer 70% loss if Indo-Pak ties worsen

LAHOREL: Pakistan’s film industry fears it may suffer a 70 per cent business loss if Indo-Pak ties worsen and Bollywood films are banned in the country. The fear among the… Read more »


Startup Hashtaag raises USD 1 million in Angel Funding

BENGALURU:¬†Hashtaag, a city-based firm which builds native mobile apps and products, today announced it has secured USD 1 million in angel funding. The funding would enable the firm to hire… Read more »


Top Australian bank settles dispute with Indian tycoon

MELBOURNE: Flamboyant Indian billionaire couple Pankaj and Radhika Oswal have reached a settlement with a top Australian bank in a 2.5 billion dollar dispute over the collapse and sale of… Read more »


US to be partner country for Vibrant Gujarat Summit in January

WASHINGTON: The US has agreed to be a partner country in the next edition of the Vibrant Gujarat Summit in January 2017, an official has said. Assistant Secretary of State… Read more »


Rajan returns to academia in Chicago

NEW YORK: Having returned to his “ultimate home”, former RBI Governor Raghuram Rajan has resumed his role as ‘Distinguished Service Professor of Finance’ at the University of Chicago Booth School… Read more »


Indian-origin bags Lemelson-MIT Prize worth USD 500,000 in US

WASHINGTON: An Indian-origin scientist has bagged the prestigious Lemelson-MIT Prize worth USD 500,000 for his groundbreaking inventions to create solutions to improve lives globally. Nasik-born Ramesh Raskar, 46, is founder… Read more »


China to probe airlines’ racial remarks on travel guide

BEIJING: China today asked its flag-carrier Air China to investigate the racial comments found in its in-house magazine advising London visitors to take ‘precautions’ when entering areas populated by “Indians,… Read more »

Tatas get Boeing job order for interior panel supply to P-8s

Tatas get Boeing job order for interior panel supply to P-8s

NEW DELHI:¬†India’s next four Poseidon-8I long-range maritime surveillance and anti-submarine warfare aircraft could come fitted with domestically-made composite interior panels. Tata Advanced Materials Ltd (TAML), a subsidiary of Tata Industries,… Read more »

GST top priority, tax rates to come down Jaitley

GST top priority, tax rates to come down: Jaitley

NEW DELHI: According top priority to the implementation of GST, Finance Minister Arun Jaitley today sounded confident on the tax rates coming down once the indirect taxation regime is put… Read more »


Caparo to jointly build $340-mn commercial complex in US

LONDON: Expanding its presence in the US, NRI industrialist Lord Swraj Paul-led Caparo Group plans to build an integrated commercial complex – comprising a hotel, offices, retail outlets and a… Read more »


Railways set to roll out 2 major reforms

NEW DELHI: The Railways Ministry is set to roll out two major initiatives – setting up of a regulatory authority for fixing fares and creating an infrastructure development fund –… Read more »

(L-R) RBI Deputy Governors HR .Khan, Reserve Bank of India, (RBI) Governor Raghuram Rajan and Deputy Governors Dr Urjit Patel, conference the Bi-monthly Monetary Policy Review at Reserve Bank of India (RBI) headquarter in Mumbai on Tuesday. Express Photo by Ganesh Shirsekar. 02.06.2015. Mumbai.

Urjit Patel assumes charge as new RBI Governor

MUMBAI: Urjit Patel who took over as the 24th Governor of Reserve Bank will have a tough task in maintaining the legacy of his predecessor, Raghuram Rajan, and balance the… Read more »

HTT 40

Will induct indigenous HTT 40 planes in large numbers: IAF chief

Talking about the opportunities in the aviation sector, especially for domestic companies, he said, “IAF will induct HTT 40 basic trainers in large numbers soon”. Defense sources said the IAF… Read more »

Foreign players investing Rs 10 cr eligible for residency

Foreign players investing Rs 10 cr eligible for residency

NEW DELHI: Foreign investors bringing in at least Rs 10 crore capital will be eligible for residency status, easier visa regime and employment for family members among other benefits under… Read more »

India, China hold Financial and Economic Dialogue

India, China hold Financial and Economic Dialogue

BEIJING: China and India today held their 8th high-level Financial and Economic Dialogue here to strengthen trade and economic cooperation, with the two fast-developing nations underlining the need for building… Read more »

Rajan on Modi

Whatever I say will be ‘problematic’: Rajan on Modi

LONDON: Reserve Bank’s outgoing Governor Raghuram Rajan, whose outspoken views have often been seen as being critical of the government, feels whatever he will say on Prime Minister Narendra Modi… Read more »

Infosys Foundation to give Rs 10 cr to martyred soldiers' kins

Infosys Foundation to give Rs 10 cr to martyred soldiers’ kins

BENGALURU: Infosys Foundation has decided to give at least Rs 10 crore to the families of 800 soldiers who have sacrificed their lives in the defense of the country. Announcing… Read more »

RBI launches portal to curb illegal money pooling by firms

RBI launches portal to curb illegal money pooling by firms

MUMBAI: To curb illegal and unauthorized pooling of funds by unscrupulous firms, Reserve Bank today launched a website, which will help people obtain information about entities allowed to collect deposits…. Read more »