TechBiz Subscribe to TechBiz

Indian consulate launches app to guide Haj pilgrims

Indian consulate launches app to guide Haj pilgrims

JEDDAH: A free smartphone application launched this year by the Indian mission here that guides Indian Haj pilgrims to their accommodations has become a huge hit with even the Saudi… Read more »


S&P betters India’s credit outlook to stable from negative

NEW DELHI: Standard & Poor’s today improved India’s outlook to stable from negative saying the new political formation at the Centre has the capacity to push reforms and put the… Read more »

India invites countries invest in its ambitious projects

India invites countries invest in its ambitious projects

UNITED NATIONS: India has invited countries like the UK, Norway and Greece to invest in ambitious projects and proposals unveiled by the new government to boost the economy. External Affairs… Read more »

Indian economy showing turnaround; ADB ups 2015 growth to 6.3%gif

Indian economy showing turnaround; ADB ups 2015 growth to 6.3%

NEW DELHI: Revising India’s GDP upwards by 0.3 per cent to 6.3 per cent in 2015, Asian Development Bank (ADB) has said the economy shows a new promise of turnaround… Read more »

India's 100 richest are all billionaires

India’s 100 richest are all billionaires; Mukesh Ambani tops

SINGAPORE: For the first time, the 100 richest tycoons in India are all billionaires with Mukesh Ambani topping the league for the eighth consecutive year, according to Forbes. With a… Read more »

Need to break back of inflation

Need to break back of inflation: Rajan

MUMBAI: Reserve Bank Governor Raghuram Rajan today said there was a need to “break the back” of inflation which remains high and controlling it would make the apex bank’s position… Read more »


StanChart to decide soon on local subsidiarisation

MUMBAI: With the RBI nudging foreign banks to operate as wholly-owned subsidiaries here, the largest offshore lender by branch presence, Standard Chartered, said it will come out with a final… Read more »

India home to 100 billionaires;6th largest population globally

India home to 100 billionaires; 6th largest population globally

SINGAPORE/NEW DELHI: India has retained its sixth position in terms of number of billionaires with 100 such people collectively having USD 175 billion in networth, while globally the number of… Read more »


India will oust China as top cotton producer this year: USDA

BEIJING/WASHINGTON: India is all set to beat China and become the top cotton producer this year, ousting the communist nation from the number 1 position for the first time in… Read more »

India's infrastructure market to reach $6.6 trn

India’s infrastructure market to reach $6.6 trn

MUMBAI: India’s infrastructure market is expected to touch USD 6.6 trillion by 2025, which will be nearly 12.5 per cent of the Asia-Pacific, says a report. According to consultancy firm… Read more »


Microsoft to buy Minecraft maker for $2.5 bn

NEW YORK: Microsoft will acquire the maker of the long-running hit game Minecraft for USD 2.5 billion. The technology company said it will buy Stockholm-based game maker Mojang. Minecraft, which… Read more »


HCL employees generate ideas worth $500 mn

NEW DELHI: India’s fourth largest IT firm HCL Technologies is now focusing on “ideapreneurship” to encourage employees to come up with innovative solutions to customers’ business challenges. Under the initiative,… Read more »


Apple: Record 4M orders of iPhones on 1st day

NEW YORK: Apple had more than 4 million advance orders of its new iPhones in the first 24 hours, exceeding its initial supply, the company said. The company said the… Read more »

Android One

Android One will make smartphones affordable

WASHINGTON: Introduction of Android One phones in the Indian market is aimed at making powerful smart phones with latest technologies accessible and affordable to the people of the country, Google… Read more »


Chhattisgarh to develop Sirpur to woo tourists

MUMBAI: Eyeing 36 per cent overall growth in tourist arrivals this calendar year, Chhattisgarh government is planning to develop Sirpur, known for its archaeological monuments, as a Buddhist destination to… Read more »

Raghuram Rajan

Grand, big picture reforms in India will take some time

NEW YORK: India’s new government may take some time to unveil “grand, big picture reforms” as it is currently focusing on implementation of stalled projects worth USD 50-70 billion that… Read more »

Hanmi Financial board members and Hanmi Bank senior management

Hanmi completes acquisition of Central Bancorp

LOS ANGELES, CA: Hanmi Financial Corporation, the holding company for Hanmi Bank, has announced completion of its acquisition of Central Bancorp, Inc., the parent company of United Central Bank, effective… Read more »

German Foreign Minister Frank-Walter Steinmeier called on Prime Minister Narendra Modi in New Delhi on September 8

Germany sees chance to boost India ties

NEW DELHI: Eager to add a new impetus to Indo-German ties under the Narendra Modi government, Germany says bilateral cooperation can be deepened in renewable energy, infrastructure, cleaning of rivers… Read more »

5.7% Q1 growth has generated huge positive sentiment Modi

5.7% Q1 growth has generated huge positive sentiment: Modi

TOKYO: Encouraged by economic growth of 5.7 per cent in the first quarter, 2014-15, Prime Minister Narendra Modi today said it has generated a “huge positive sentiment” while exhorting Japanese businessmen… Read more »

India may drop US Howitzer deal after price hike

India may drop US Howitzer deal after price hike

NEW DELHI: India has told the US that in view of the price increase, it cannot go ahead with the procurement of 145 ultra-light howitzers for the Army, which plans… Read more »