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Nokia, BSNL partner to create 5G ecosystem in India Nokia, BSNL partner to create 5G ecosystem in India


New Delhi, Nokia and the government-owned telecom operator BSNL on Tuesday announced to work together to leverage 4G LTE technology for enabling greater operational efficiency at Nokia's Chennai plant and prepare it for the 5G era with smart manufacturing.

Mumbai bank loses Rs 143 cr in cyber fraud Mumbai bank loses Rs 143 cr in cyber fraud



Mumbai, The State Bank of Mauritius' (SBM) Mumbai branch has been gypped of nearly Rs 143 crore after unknown fraudsters hacked into its accounts here, an official said on Friday.

Sensex falls 760 points amid global sell-off, weak rupee Sensex falls 760 points amid global sell-off, weak rupee


Mumbai, India's key stock indices slumped, settling over 2% lower, as concerns global growth will suffer due to the tariff war between the United States and China triggered fund outflows from equities around the world.

International Monetary Fund head Christine Lagarde's comments that stock market valuations had been "extremely high", spurred a meltdown in the US markets overnight, spilling over to Asia on Thursday.

In a volatile trading session on Thursday, the barometer index, Sensex, had crashed over 1,000 points at one point.

Expectations that the US Federal Reserve would continue to tighten rates also hurt demand for the Indian currency and equities.

Nine killed in SAIL factory blast Nine killed in SAIL factory blast

 

Bhilai At least nine people were killed and several others injured on Tuesday in a blast at a gas supply pipeline in Bhilai Steel Plant, the flagship unit of Indias largest steel maker in public sector.

"It was a major incident. Nine people have died so far," Vijay Mairal, the spokesperson of the Bhilai Steel Plant, told IANS. He added that the death toll could go up.

Rupee closes at fresh low of 74.07 to USD Rupee closes at fresh low of 74.07 to USD



Mumbai, The Indian rupee ended Monday's session on a fresh closing low of over 74 to a US dollar.

The Indian rupee closed at 74.07 (74.0650) per US dollar, 30 paise weaker than its previous close of 73.77.

It opened the day's trade at the Inter-Bank Foreign Exchange Market at 73.96 against the greenback.

RBI holds repo rate, but changes stance to 'calibrated tightening' RBI holds repo rate, but changes stance to 'calibrated tightening'

 

Mumbai, Belying market expectations of a hike, the RBI on Friday held its key lending rate unchanged in the context of an uncertain global economic scenario but turned hawkish, moving to a "calibrated tightening" from the "neutral" stance it has maintained over its six previous policy reviews.

Announcing the fourth bi-monthly policy review of the fiscal, Reserve Bank of India (RBI) Governor Urjit Patel said the Monetary Policy Committee (MPC) has decided to keep the repo, or the short term lending rate for commercial banks, unchanged at 6.5 per cent.

RBI may hike repo rate by 25 bps on Friday RBI may hike repo rate by 25 bps on Friday


Mumbai, The Reserve Bank of India is widely expected to increase its repurchase rate by 25 basis points (bps) when it unveils the monetary policy on Friday, as it seeks to curb the potential inflationary impact from rising crude oil prices and a weakening currency.

At its bi-monthly review in August, the central bank lifted the key short-term lending rate, also called repo rate, by 25 basis points for a second straight time to 6.5 per cent, citing upside risks to inflation on account of an increase in the minimum support price for crops, and higher crude oil prices.

Air India revival package to be ready soon: Minister Air India revival package to be ready soon: Minister



Kolkata, The Centre is working on a revival package with four elements, including financial assistance for Air India, and it will be made ready for approval soon, Union Minister of State for Aviation Jayant Sinha said here.

"Air India is on its way to become a strong, vibrant and globally competitive airline. We are working on the revival package for Air India which has four elements," he said.

Sensex sheds 218 points, Nifty below 11,000-mark Sensex sheds 218 points, Nifty below 11,000-mark


Mumbai, Key equity indices slipped into the red for the second consecutive session on Thursday as the S&P BSE Sensex closed 218 points down and the NSE's Nifty50 closed lower at 10,978 points as investors turned cautious ahead of the September futures and options (F&O) contracts expiry.

Indian businesses worried over data privacy, cyber security: Dell survey Indian businesses worried over data privacy, cyber security: Dell survey



New Delhi, Terming data privacy and cyber security concerns as biggest barriers to digital transformation, almost half of Indian businesses say they will struggle to meet changing customer demands within five years, a survey by Dell Technologies revealed on Tuesday.

The other half of Indian businesses believe they will disrupt rather than be disrupted, said Dell Technologies' "Digital Transformation Index" completed in collaboration with Intel.

India has potential to triple its trade with South Asia: World Bank India has potential to triple its trade with South Asia: World Bank

 

Kolkata, India has the potential to more than triple its trade in goods with its South Asian neighbours to $62 billion against its actual trade of $19 billion, said a World Bank report released here on Monday.

"A Glass Half Full: The Promise of Regional Trade in South Asia" pointed out that intra-regional trade in South Asia falls short of its potential because of significant barriers, including tariff, para-tariff barriers, non-tariff barriers and trust deficit among the countries in the region.

No. 1 Co working space in Indore No. 1 Co working space in Indore


Indore Our country has so many unemployed people who are struggling to find a way to space their careers. People with great potential are holding themselves down due to the low economy in the country, where renting a office space to establishing everything required in an office requires a lump sum amount which not everyone can afford. There has been an evolution in the kind of office spaces that a corporate house would require. People want a different kind of set up according to their preferences, some like a confined space and want to work peacefully in a private space and some like to work in groups so that there is an interaction between them so they are motivated by one another. The new way of office space

PuREnergy set to launch affordable lithium batteries in India PuREnergy set to launch affordable lithium batteries in India



Hyderabad, Indian Institute of Technology-Hyderabad (IIT-Hyderabad)-incubated start-up PuREnergy on Monday said it would launch its affordable range of lithium batteries at the Renewable Energy Expo 2018 that begins at Greater Noida on Tuesday.

The lithium batteries developed by PuREnergy may find applications in diverse fields ranging from agriculture to aerospace.

Rupee crashes further, hits 72.67 per dollar Rupee crashes further, hits 72.67 per dollar

 

Mumbai, Continuing its free fall, the Indian rupee touched a new low of 72.67 on Monday, depreciating by almost a rupee from its previous close of 71.73 per US dollar.

Around 12.30 p.m., it traded at its lowest-ever level of 72.67, after opening at 72.18 per greenback.

Along with the decline in global currencies against the dollar and persistent trade tensions, a wider current account deficit of India also weighed on the rupee, analysts said.

Rupee crashes further, hits 72.67 per dollar Need to move towards electric mobility: Minister Rupee slips to a new low; touches 71.79/$ Weak rupee depresses equity indices; Nifty ends below 11,500 India's airlines suffering double whammy: IATA Petrol, diesel hit fresh high, rise for 9th straight day RInfra ratings rise as Mumbai power business sale cuts debt Rupee ends at lowest level of 71.21 per dollar Caution ahead of growth data pulls rupee lower; breaches 71-mark Mismanagement of economy sent rupee plunging: Congress Adani Group acquires RInfra's Mumbai power business Sensex breaches 36,700-mark; Nifty touches 11,700 point Lithium-ion batteries that don't catch fire in the offing Rupee to stabilise very soon: Official Equity indices end in red as rupee tests new low Users complain as Patanjali puts 'Kimbho' chat app on trial Reliance Jio leads India feature phone market in Q2 2018: IDC Markfed opens counter in Hongkong for sale of its products Customs duty doubled on over 328 textile products Airtel ties up with Telecom Egypt for global submarine cable systems GST slabs may be reduced to three to simplify tax system: Sanyal Choksi given citizenship after NOC from India : Antigua GST collection rises to Rs 96,483 cr RBI hikes key lending rate by 25 basis points to 6.5% RIL topples TCS with highest market capitalisation RBI likely to harden monetary policy stance on Wednesday Reliance Energy sale to ATL will be completed next week Fake online forex trade platform busted in Mumbai, 10 held Sensex hits record high as GST cuts boost sentiments; banking, FMCG stocks rise Broadband India Forum gears up to push 5G trials