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11:10 India ranks third globally in terms of number of family-owned businesses


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10:14 Renault's futuristic EZ-Pro is a delivery vehicle that looks like a lunchbox


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11:33 Microsoft’s Project xCloud can stream games to phones, tablets


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  • YouTube suffers from widespread outage, says ‘working to resolve this’

    17 October, 2018 2:38 AM 30

    Video sharing giant YouTube suffered from widespread outage on October 17. Users across the world reported the platform's outage -- both on the website and the mobile application -- at around 6.50 am Indian Standard Time (IST). According to reports, YouTube TV and YouTube Music were also affected by the service disruption. Content on the platform remained

  • India’s overall exports expected to grow in April-September 2018-19

    16 October, 2018 10:10 PM 32

    India’s overall exports in April-September 2018-19 are estimated to be USD 265.39 billion, exhibiting a positive growth of 17.38 per cent over the same period last year. Overall imports in April- September 2018-19 are estimated to be USD 321.40 Billion, exhibiting a positive growth of 19.41 per cent over the same period last year. The same was stated

  • Essel group sells four transmission projects to Sekura Energy for Rs 6,000 cr

    16 October, 2018 5:04 PM 36

    Edelweiss Infrastructure fund- backed Sekura Energy signed an agreement to acquire two operating and two under-construction power transmission assets from Essel Infraprojects, for an enterprise valuation of Rs 6,000 crore, the companies said in a joint statement. While the operational projects are Darbhanga-Motihari Transmission and NRSS XXXI (B) Transmission

  • IL&FS faces more embarrassment as Ind-Ra downgrades MF schemes

    16 October, 2018 3:31 PM 35

    Crippled IL&FS group faced more embarrassments after India Ratings downgraded its various mutual fund schemes and placed them on a rating watch negative (RWN) on October 16. The agency downgraded three series-1, three series- 2 and two series -3 mutual fund schemes of the group, "due to the deterioration in the underlying portfolio quality of the schemes

  • Lenovo to raise mobile production capacity in India by up to 10 fold in 2019

    16 October, 2018 2:59 PM 31

    PC and mobile maker Lenovo plans to ramp up its smartphone production capacity up to 1 million units per month in 2019, a top official of the company said. "We make mobile phones in India at our partners factory. At present we have production capacity of 100,000 per month which we plan to increase in the range of 500,000 to 1 million units per month

  • Narendra Modi's healthcare scheme to create 10 lakh jobs: Official

    16 October, 2018 2:39 PM 36

    Prime Minister Narendra Modi's ambitious healthcare scheme will create 10 lakh jobs in the health and insurance sector, an official. The scheme is going to improve the quality of healthcare in public services and also in the private sector, Indu Bhushan, the CEO of Pradhan Mantri Jan Arogya Yojana said while addressing an event organised by industry

  • Canara Robeco MF elevates Nimesh Chandan as head of investment-equity

    16 October, 2018 11:40 AM 43

    Chandan’s role will be to guide the equity team in providing equity strategy for various equity funds Canara Robeco Mutual Fund has elevated Nimesh Chandan as the Head – Investment, Equity with immediate effect, a release from the fund house said on October 16. Chandan’s role will be to guide the equity team in providing a strategy for various

  • Indian rupee at day's high, gains 27 paise

    16 October, 2018 11:05 AM 36

    USD-INR pair is expected to quote in the range of 73.60 and 74.20, says Motilal Oswal. Yesterday, rupee consolidated in the first half of the sessions but rose in the latter half after data showed India’s trade deficit for September narrowed to USD 13.98 billion compared to USD 17.39 billion in the previous month. Exports were pegged at USD 27.95 billion

  • Facts about Sardar Vallabhbhai Patel statue that dwarfs the world’s tallest structures

    16 October, 2018 10:28 AM 34

    Here are some facts about the "Statue of Unity" that is much taller than the Statue of Liberty and Christ the Redeemer statue in Rio de Janeiro. The ‘Statue of Unity’ constructed as a tribute to Sardar Vallabhbhai Patel will be inaugurated by Prime Minister Narendra Modi on October 31. Situated on Sadhu Bet island on Narmada river 200 km from Ahmedabad

  • Government hikes GPF interest rate to 8% for Oct-Dec quarter

    16 October, 2018 10:16 AM 43

    The government has increased the rate of interest for General Provident Fund (GPF) and other related schemes by 0.4 percentage points to 8 percent for the October-December quarter. The interest rate on GPF was 7.6 percent for the July-September quarter of 2018-19. "... during the year 2018-2019, accumulations at the credit of subscribers to the General