India’s growth has been “very solid” over the past four years, IMF’s Chief Economist Maurice Obstfeld on Sunday said, praising the fundamental economic reforms like the GST and the Insolvency and Bankruptcy Code carried out by the government. Obstfeld, 66, — who is set to retire this month-end — will be succeeded by Gita Gopinath, […]
Chinese phone major Xiaomi is looking to launch a new camera centric smartphone that will have a 48-megapixel sensor. The previous mega-pixel record was held by Nokia’s Lumia 1020 which had a 41 megapixel camera sensor. If everything goes well, Xiaomi’s megapixel beast could be out sooner than you expect. Earlier, Xiaomi president Lin Bin […]
IBM agreed to sell $1.8 billion in software assets to India’s HCL Technologies Ltd., part of Big Blue’s effort to focus more on cloud computing. HCL, based in New Delhi, is buying seven businesses focused on markets such as e-commerce and human resources, according to a statement Thursday. The transaction is expected to close by […]
People will soon be able to withdraw cash from ATMs by scanning a QR code on the machine’s screen instead of swiping a card, by the means of a Unified Payments Interface (UPI) based solution. AGS Transact Technologies, a company which provides ATM services to banks, has developed a system that uses UPI platform to […]
Chairman and Managing Director of Reliance Industries Limited (RIL), Mukesh Ambani is an established business magnate. He joined the Board of Reliance in 1977 and has since taken the company from textiles to polyester fibres, petrochemicals, petroleum refining and telecommunication. With a net income of $47.3 billion (as of October 2018), Ambani has topped Forbes’ annual […]
In a bid to retain employees, Infosys has started new programmes to help workers hone their skills and earn a better salary package amounting to double what they earn. The bridge programmes will also help the employees move to high-demand jobs within the company. They could earn almost Rs 8 lakh to 9 lakh per […]
The chief of India’s central bank has indicated to a parliamentary panel that the current level of currency reserves it maintains are “necessary”. Facing a volley of questions from committee members, Urjit Patel is said to have indicated that the Reserve Bank of India (RBI) wants to maintain close to 99 per cent of current […]
The 26/11 attacks in Mumbai left the financial capital of the country in complete shock and angst. The Indian stock market too briefly felt the pain inflicted on the people of Mumbai and inched lower when the attack took place. Actually, this was the second blow to the market already hit by the financial crisis […]
The United Arab Emirates will offer long-term visas to rich property investors, senior scientists and entrepreneurs in an effort to support its economy and real estate market, which have been hurt by low oil prices. Until now, visas for foreigners to live in the Arab world’s second biggest economy have generally been valid for only […]
Atal Pension Yojana (APY) is a pension scheme focused on the unorganised sector. The pension scheme – Atal Pension Yojana – allows persons between 18 and 40 years of age to invest for up to 20 years to earn a fixed monthly pension of Rs 1,000-Rs 5,000 after attaining retirement – at age 60 years, according […]