Asia

Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India

As part of the 10-year alliance, Jio will build data centres across India that will be hosted on Microsoft's Azure cloud.

Aug 13, 2019

Reliance AGM 2019: Mukesh Ambani announces rollout of Jio Giga Fibre on Sept 5

Mukesh Ambani said Jio Giga Fibre will offer lifetime free voice calls from landline phones and high-speed broadband with additions like high definition TV and dish at a monthly rental of Rs 700 to Rs 10,000.

Aug 12, 2019

Aadhaar Pay back in demand, crosses 200 million transactions in July

As per the latest data from the National Payments Corporation of India, transactions increased 11 percent, from 185 million in June to 206 million this July.

Aug 12, 2019

FPIs withdraw Rs 9,197 crore worth investment in August, all eyes on FM now

The trend of cutting down the investments was seen after eight core sector industries such as coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity continued to show a negative growth due to the economy slowdown.

Aug 12, 2019

Demand truncation dents workforce in Gurugram-Manesar auto cluster

No authentic data is currently available on the extent of job losses, as most of these have occurred on the auto part suppliers' side.

Aug 11, 2019

Explained: What's behind the record surge in gold prices?

Safe-haven investments gold and silver futures rise in India as equities underperform after the general election 2019 and in international markets because of US-China trade war fears.

Aug 10, 2019

Supreme Court upholds IBC rule that gives home buyers status of financial creditors

Home buyers will enjoy the status of banks and institutional creditors and can take real estate companies into bankruptcy proceedings.

Aug 10, 2019

Move to scrap super rich tax surcharge may lure back foreign portfolio investors

Markets respond energetically to reports government is considering the lifting of the surcharge proposed in the Union Budget 2019; Sensex, Nifty soar for the second day.

Aug 9, 2019

Auto sector skids downhill as economy hits bump; Maruti cuts production again

Automakers call for major incentives as top carmaker Maruti reduces production by 25 percent for the sixth consecutive month in July

Aug 8, 2019

US-China trade war could trigger prolonged global recession this year

Is global economy slipping into a recession? Key indicators paint glum picture

Almost all main economic and industrial indicators that provide a reliable guide to the business cycle confirm the economy has already slowed severely.

Aug 8, 2019

J&K developments: Trade ban will hurt Pakistani traders more than Indians

Imran Khan's decision to cut off trade ties with India over Jammu and Kashmir developments will harm Pakistani traders who enjoyed the most favoured nation status with India until recently while Indians will be hit to a lesser extent.

Aug 8, 2019

indian oil ioc petrol pump saudi aramco total bp

You may soon be able to buy petrol from the supermarket during weekly shopping

Major reforms to energy policy may allow foreign energy companies and supermarkets to sell fuel to retail users.

Aug 7, 2019

Slow market paralyses Audi sales, firm plans to halt future investments in India

The slow pace of the local market is expected to affect Audi's annual sales to see a dip in 2019. The recent inauguration of a sales outlet would help boost the demand for the luxury car among the Indian public.

Aug 7, 2019

India's auto crisis deepens, tens of thousands losing jobs

Initial estimates suggest that automakers, parts manufacturers and dealers have laid off about 350,000 workers since April.

Aug 7, 2019

Flipkart Videos to be Walmart's new wishlist; Amazon Prime to face stiff competition?

In a view to compete Amazon and a yet-to-be-launched e-commerce website of Reliance industries, Flipkart will also provide focused product suggestions to customers based on their requirements.

Aug 6, 2019

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