India and Pakistan are trying to leave behind decades of acrimony and hostility. This is not an easy task for both the countries as the trust is missing even today between the two countries even as they are trying to engage each other. Recent media reports have suggested that Pakistan is willing to move forward […]
South Korea’s LG Electronics Inc will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it the first major smartphone brand to completely withdraw from the market. Its decision to pull out will leave its 10% share in North America, where it is the No. […]
New Delhi: Gold prices declined by Rs 49 to Rs 43,925 per 10 gram in the national capital on Wednesday reflecting overnight selling in global precious metal prices, according to HDFC Securities. The precious metal had closed at Rs 43,974 per 10 gram in the previous trade. Silver also registered a fall of Rs 331 […]
The rupee appreciated by 14 paise to 72.48 against the US dollar in opening trade on Friday supported by positive domestic equities. At the interbank forex market, the local unit opened at 72.51 against the US dollar, then inched higher to 72.48 against the greenback, registering a rise of 14 paise over its previous close. […]
Oil prices pressed higher on Monday after strikes on major facilities in Saudi Arabia, the world’s largest exporter, shook energy markets already rattled by a decision by producers last week to not lift output. Brent crude, the international standard, surpassed $70 per barrel for the first time in over a year, gaining $1.14 to $70.47 […]
India Grid Trust, India’s first power infrastructure investment trust (InvIT), on Saturday signed a share purchase agreement to acquire NER-II Transmission Limited from Sterlite Power as part of the Framework Agreement. The indicative value of the acquisition is Rs 4,625 crore and would boost IndiGrid’s AUM (asset under management) by 34 per cent to over […]
Budget carrier SpiceJet joins hands with WheelTug Plc for reserving 400 production slots for the electric taxi system, the airline said on Wednesday. The application of such a system helps move an aircraft forward or backward without powering its engines or using external tugs. “The electric taxi system will enable SpiceJet in saving fuel, reducing […]
The rupee rose by 18 paise to end at 73.37 (provisional) against the US dollar on Tuesday, supported by positive domestic equities amid improving risk appetite. At the interbank forex market, the local unit opened at 73.32 against the greenback and witnessed an intra-day high of 73.31 and a low of 73.48. It finally ended […]
India’s largest carmaker Maruti Suzuki India (MSI) on Saturday said it has achieved the milestone of 20 lakh cumulative exports. The auto giant achieved the milestone as a batch of products comprising S-Presso, Swift and Vitara Brezza left for South Africa from the Mundra Port in Gujarat. “The company has been exporting vehicles for past […]
Bharti Airtel and Qualcomm Technologies on Tuesday announced their collaboration for accelerating 5G in India. Recently, Airtel became India’s first telco to demonstrate 5G over a LIVE commercial network in the city of Hyderabad, the telco said in a statement. Airtel will utilize the Qualcomm 5G RAN Platforms to roll-out virtualized and Open RAN-based 5G […]