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

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  • Infosys gains 1% after CAD 80.3 million deal win from PSPC

    25 September, 2018 4:07 AM 62

    Share price of Infosys rose 1 percent in the early trade on Tuesday after Infosys Public Services Inc (IPS) has been awarded a CAD USD 80.3 million contract by Public Services and Procurement Canada (PSPC) to modernize and automate their procurement processes. IPS is working with Ernst & Young LLP (EY) and SAP Canada Inc. (SAP) to digitize PSPC procurement

  • 49,000 cusecs water to be released from Beas dam: Official

    25 September, 2018 4:00 AM 36

    More than 49,000 cusecs of water will be released from the Pong Dam in Himachal Pradesh's Kangra district on Tuesday afternoon as the water level in the dam is nearing the danger mark, an official said. Bhakra Beas Management Board's (BBMB) Assistant Design Engineer (ADE) Arun Bhatia said more than 49,000 cusecs of water from the dam would be released

  • Iran, major powers labor to keep nuclear deal afloat

    25 September, 2018 3:50 AM 37

    The remaining parties to the Iran nuclear deal on Monday agreed to keep working to maintain trade with Tehran despite skepticism this is possible as US sanctions to choke off Iranian oil sales resume in November. US President Donald Trump decided in May to abandon the pact and to restore economic sanctions on Iran, including those that seek to force

  • Instagram co-founders step down from company: Report

    25 September, 2018 3:20 AM 64

    Instagram Chief Executive Officer Systrom and Chief Technical Officer Krieger have notified the photo-sharing app's leadership team and Facebook on Monday about their decision to leave. Co-founders of Facebook Inc's Instagram, Kevin Systrom and Mike Krieger, have resigned and plan to leave the photo-sharing app company in coming weeks, the New York Times

  • NCLT clears way for liquidation of Moser Baer India

    25 September, 2018 2:48 AM 42

    The National Company Law Tribunal (NCLT) has allowed insolvency proceedings against debt-ridden Moser Baer India, a manufacturer of CDs and DVDs. In a regulatory filing, Moser Baer said the decision has come on a plea filed by its lender Alchemist Asset Reconstruction Company Ltd. The NCLT in its September 20 order has allowed liquidation of the company

  • Increasing excise taxes might discourage people from buying alcohol: Report

    25 September, 2018 2:45 AM 54

    Increasing excise taxes on alcoholic beverages and regulating availability of alcohol are some of the ways to discourage people from drinking liquor, a report said Monday. The harmful effects of alcohol are the fifth leading risk factor for premature deaths and disability. It is among the top risk factors for non-communicable diseases such as cancer

  • Flipkart may appoint new group CEO in place of Binny Bansal: Report

    24 September, 2018 7:50 PM 57

    Walmart is considering both internal and external candidates for the position of group CEO. Walmart Inc`s Flipkart unit is considering naming a new chief executive officer (CEO) at the group level in place of Binny Bansal, the Mint daily reported on Monday, citing two people familiar with the matter. Flipkart Chief Executive Officer Kalyan Krishnamurthy

  • WhatsApp appoints grievance officer for India, but in the US

    24 September, 2018 5:19 PM 50

    Sources in the IT ministry reveal the government has taken a grim view of the decision to station the grievance officer in the US. Cyber security experts largely call it a cosmetic move. Facing heat from the Indian government which wants it to be more accountable for content - primarily fake news - being cuicrulated, Facebook-owned WhatsApp has appointed

  • BNP Cardif to cut stake in SBI Life Insurance

    24 September, 2018 3:28 PM 44

    The foreign partner is looking to reduce its stake to meet the minimum public shareholding norm of 25 percent in listed entities BNP Cardif, the foreign shareholder in SBI Life Insurance is looking to reduce its stake in the life insurance venture to meet minimum public shareholding norms. Currently, the promoters -- State Bank of India and France-based

  • Donald Trump says second North Korea summit 'quite soon'

    24 September, 2018 3:01 PM 44

    He said Monday: "It was a different world. That was a dangerous time. This is one year later, a much different time." US President Donald Trump says the second summit with North Korean leader Kim Jong Un is likely to take place "quite soon." Speaking at the United Nations, Trump says the relationship with the country whose leader he branded last year as "Little