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19 September, 2018 11:12 AM Government starts selection process for BSNL CMD post

The government has started selection process for the post of Chairman and Managing Director of state-owned telecom firm BSNL, as present CMD Anupam Shrivastava will superannuate in June next year. "PESB has invited names of qualified candidates for the post of CMD, BSNL by 15 hours on October 22, 2018," the Department of Telecom said in a note to heads 41

19 September, 2018 6:08 AM Germany plans tax incentives to encourage housing construction

The German government plans to back new tax incentives on Wednesday to encourage private developers to build new rental flats in a drive to tackle a drastic shortage of affordable housing aggravated by a record influx of refugees and migrants. More than one million asylum seekers have arrived in Germany since 2015, when Chancellor Angela Merkel opened 74

17 September, 2018 5:23 AM Infosys eyes 15-20 firms for buyouts, expects to ink deals in next 2 years: Report

CEO Parekh said the mergers and acquisitions team at Infosys was evaluating a "shortlist of 15-20 companies". Infosys is looking at inorganic growth through acquisitions, in spite of the controversies surrounding its buyout of Israeli software firm Panaya, Chief Executive Officer (CEO) Salil Parekh told a leading business daily. In an interview with the Business 82

17 September, 2018 4:04 AM Lenders may be staring at 92% haircut in recoveries from 124 of 136 stressed firms

Data compiled by the Insolvency and Bankruptcy Board of India (IBBI) suggests that creditors are possibly staring at an average haircut of 92 percent in recoveries from 124 out of the 136 stressed firms that were facing liquidation under the Insolvency and Bankruptcy (IBC) code at the end of the June quarter because of the absence of resolution plans 39

15 September, 2018 8:44 AM Fire Breaks Out At Six-Storey Hotel In Srinagar's Busy Regal Chowk

Srinagar Hotel Fire: The fire has been largely controlled, officials said, adding no one was injured or trapped inside the building. A fire has broken out at a six-storey hotel in Srinagar's Regal Chowk where many private firms have their offices. The top floor of the hotel is completely gutted. The fire broke out at Hotel Pamposh near Regal Chowk in the heart 41

12 September, 2018 6:15 AM Ex-Air Force Chief SP Tyagi Gets Bail In AgustaWestland VVIP Chopper Case

A Delhi court has granted bail to former Air Force Chief SP Tyagi and others in a money laundering case related to the AgustaWestland VVIP chopper scam. Special judge Arvind Kumar granted bail to Air Chief Marshal (retd) SP Tyagi and his cousins involved in the case and asked them to furnish a bail bond of Rs 1 lakh with one surety of the said amount 57

10 September, 2018 10:09 PM ArcelorMittal sweetens offer for Essar Steel;submits revised proposal to CoC

New Delhi: World's leading steel giant ArcelorMittal has sweetened its offer for Essar Steel, as the bids received in the second round for the debt-ridden firm were opened by its lenders Monday. Without disclosing the amount, the Luxembourg-headquarterd firm said that it has submitted a revised proposal to Essar Steel India Ltd's (ESIL) Committee of Creditors 96

8 September, 2018 2:02 PM Dozens of Popular iOS Apps Caught Covertly Sending User Location Data to Third Parties: Report

As many as two dozen iOS apps have been spotted sending location history of users to data monetisation firms, according to a report by mobile VPN GuardianApp's maker, Sudo Security Group. The list of apps that includes titles such as ASKfm, Classifieds 2.0 Marketplace,, and Tapatalk are claimed to collect data points such as Bluetooth LE beacon 58

7 September, 2018 11:35 AM Qatar emir plans 10 billion euros of investment in Germany

Qatar's emir Sheikh Tamim bin Hamad Al-Thani said in Berlin Friday his country would invest some 10 billion euros ($11.6 billion) in Germany, as he battles a policy of isolation by neighbouring states. "We are announcing Qatar's desire to invest 10 billion euros in the German economy over the coming five years," the Gulf state leader said as he opened 67

5 September, 2018 9:05 AM MosChip Board gives nod for acquisition of 4 firms

City-based MosChip Semiconductor Technology Wednesday said its Board of Directors have approved acquisition of four companies, including one in the US, being made as part of the company's growth plans. The board gave its approval to the definitive agreements for acquiring Gigacom Semiconductor LLC, California, USA, Gigacom Semiconductor Pvt. Ltd, Visakhapatnam 42