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Air fares on many routes cheaper than railways’ premium trains — CAG

By   /  July 20, 2018  /  Business  /  Comments Off on Air fares on many routes cheaper than railways’ premium trains — CAG

New Delhi, July 20 (IANS): Tickets on the Indian Railways’ premium trains were much higher as compared to airfares, says a Comptroller and Auditor General (CAG) report, tabled in parliament on Friday. Coming down heavily on the flexi-fare scheme of the Indian Railways, the CAG report said: “For the 120 advance reservation period (ARP) of […]

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Wipro net flat yearly, 16% up quarterly in Q1

By   /  July 20, 2018  /  Business  /  Comments Off on Wipro net flat yearly, 16% up quarterly in Q1

Bengaluru, July 20 (IANS): Global software major Wipro on Friday reported Rs 2,094 crore consolidated net profit for the first quarter (Q1) of fiscal 2017-18, posting flat (0.5 per cent) growth annually from Rs 2,083 crore in the same period year ago. Sequentially, however, net profit grew 16 per cent from Rs 1,801 crore quarter […]

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FSSAI directs 10 e-commerce firms to delist non-licensed food operators

By   /  July 20, 2018  /  Business  /  Comments Off on FSSAI directs 10 e-commerce firms to delist non-licensed food operators

New Delhi, July 20 (PTI): Food regulator FSSAI today directed Swiggy, Zomato, Foodpanda and 7 other such apps to stop using edibles supplied by non-licensed operators after consumer complaints of sub-standard food being served through e-commerce platforms. “Following a series of complaints related to sub-standard food being supplied by food businesses listed on e-commerce food […]

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Trump commits job training for 3.8 mn American workers

By   /  July 20, 2018  /  Business  /  Comments Off on Trump commits job training for 3.8 mn American workers

Washington, July 20 (IANS): US President Donald Trump along with 23 companies and professional associations have signed a commitment to train 3.8 million unemployed American workers. “In the days and months ahead, we hope that hundreds of companies and organisations will join us in this effort,” Efe news quoted Trump as saying on Thursday. Among […]

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Bata India to add 150 retail, franchise stores in 2018-19

By   /  July 20, 2018  /  Business  /  Comments Off on Bata India to add 150 retail, franchise stores in 2018-19

Kolkata, July 20 (IANS): Footwear major Bata India, which is focusing on “aggressive launch” of new products, plans to add around 100 new retail stores and 50 franchises across the country in 2018-19, an official said here on Friday. “Your company plans to add around 100 new retail stores and 50 new franchise stores in […]

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Cloud-driven Microsoft crosses $100bn revenue for first time

By   /  July 20, 2018  /  Business  /  Comments Off on Cloud-driven Microsoft crosses $100bn revenue for first time

San Francisco, July 20 (IANS): Riding on its growing Intelligent Cloud portfolio and early investments in Intelligent Edge, Microsoft has surpassed $100 billion in revenue for the first time in fiscal year 2018. For the fourth quarter that ended on June 30, the tech giant reported revenue of $30.1 billion and net income of $8.9 […]

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Facebook, Google, Microsoft, Twitter join Data Transfer Project

By   /  July 20, 2018  /  Business  /  Comments Off on Facebook, Google, Microsoft, Twitter join Data Transfer Project

New Delhi, July 20 (IANS): To help billions of users manage their data and help them transfer that into and out of online services without privacy issues, four tech giants — Facebook, Google, Microsoft and Twitter — on Friday announced to join the open source initiative called Data Transfer Project (DTP). In the early stages […]

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Possibility of India losing US trade dispute in WTO on export support — Secy.

By   /  July 19, 2018  /  Business  /  Comments Off on Possibility of India losing US trade dispute in WTO on export support — Secy.

Kolkata, July 19 (PTI): Commerce Secretary Rita Teaotia today said there was a “real” possibility that India could lose the trade dispute that the US had filed in the WTO on export subsidies. This, she said, was because income levels in India had crossed the threshold for exports to be subsidised. “There is a real […]

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RBI to issue new INR 100 notes in lavender colour

By   /  July 19, 2018  /  Business  /  Comments Off on RBI to issue new INR 100 notes in lavender colour

Mumbai, July 19 (IANS): The Reserve Bank of India (RBI) on Thursday said it will soon issue Rs 100 denomination bank notes. According to the RBI, the new bank notes will be in the “Mahatma Gandhi (New) Series”. “The new denomination has motif of ‘RANI KI VAV’ on the reverse, depicting the country’s cultural heritage,” […]

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Weak rupee, global cues depress equity indices; capital goods stocks fall

By   /  July 19, 2018  /  Business  /  Comments Off on Weak rupee, global cues depress equity indices; capital goods stocks fall

Mumbai, July 19 (IANS): Depreciation in the Indian rupee coupled with decline in the global markets subdued the key Indian equity indices on Thursday. According to market observers, heavy selling pressure was witnessed in capital goods, healthcare and IT stocks. At 3.30 p.m., the wider Nifty50 on the National Stock Exchange provisionally closed at 10,957.10 […]

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