UP unveils new tourism policy, woos investors with sops (3 minutes ago)
Lucknow, Feb 19 (IANS) The Uttar Pradesh government on Monday announced a new tourism policy to increase footfalls as well as investment in the state.
Ficci joins chorus for privatising state-run banks (17 minutes ago)
New Delhi, Feb 19 (IANS) Noting that recapitalisation of state-run banks over the last decade has had little impact on improving their health, industry chamber Ficci on Monday called for their privatisation in the interest of creating "a dynamic banking sector" in the country.
Indian e-retail sector to grow 250% in next 3 years: Crisil (21 minutes ago)
New Delhi, Feb 19 (IANS) The electronic retail (e-retail) sector in India is likely to grow 250 per cent in the next three years, a Crisil report said on Monday.
CBI questions, books Rotomac directors as loan default is seen to touch Rs 3,695 cr (Lead) (27 minutes ago)
New Delhi/Kanpur, Feb 19 (IANS) The Rotomac loan default case would touch Rs 3,695 crore,including interest, according to the Central Bureau of Investigation (CBI) officials who are looking into the case.
Homegrown-brand Mivi eyes 300% jump in sales in India (27 minutes ago)
New Delhi, Feb 19 (IANS) With an aim to see a 300 per cent jump in its sales, homegrown electronics brand Mivi on Monday said it will start manufacturing its products in the country in the next two-four years.
Arrested PNB official illegally accessed Level-5 SWIFT password, shared it with firm (16:16)
New Delhi, Feb 19 (IANS) The arrested deputy manager of Punjab National Bank (PNB) has told investigators that he had unauthorisedly obtained Level-5 password to the SWIFT system to authorise issuance of money through Letters of Undertaking (LoUs) and Foreign Letters of Credit (FLCs).
Selling pressure drags equities lower (Second Lead) (16:16)
Mumbai, Feb 19 (IANS) Heavy selling pressure in capital goods, auto, metals, banking and oil and gas stocks subdued the key Indian equity indices on Monday.
Google Arts and Culture unveils 3D-printed vases (16:04)
Mumbai, Feb 19 (IANS) Google Arts and Culture on Monday unveiled 10 3D-printed ceramic vases at the Chhatrapati Shivaji Maharaj Vastu Sangrahalaya (CSMVS) museum here to mark the culmination of its 'Future Relics' project -- the first-ever lab experiment in India.
India best placed to leverage technology: PM (Lead) (15:58)
Hyderabad, Feb 19 (IANS) Prime Minister Narendra Modi on Monday said that with one of the most tech-friendly populations, India was best placed to leverage the power of technology and leapfrog into the future.
Nasscom launches platform to upskill 2 million professionals (15:52)
Hyderabad, Feb 19 (IANS) The National Association of Software and Services Companies (Nasscom) on Monday launched a platform to upskill two million IT employees and skill two million youth in eight technologies starting with Artificial Intelligence (AI).
M-tech launches affordable 4G smartphone (15:48)
New Delhi, Feb 19 (IANS) Domestic mobile manufacturer M-tech on Monday launched a new 4G VoLTE smartphone "Foto 3" at Rs 4,499.
Two Gitanjali officials named in CBI FIR resign (15:36)
Mumbai, Feb 19 (IANS) Following the unravelling of the $1.8 billion Punjab National Bank (PNB) fraud, two senior officials of Gitanjali Gems -- Chandrakant Karkare and Pankhuri Warange -- resigned from the company, according to a regulatory filing with the stock exchanges on Monday.
PNB fraud: ED raids over 40 locations in several cities on Monday (15:24)
New Delhi, Feb 19 (IANS) The Enforcement Directorate (ED) on Monday conducted searches at over 40 more locations in several cities across India in connection with the multi-crore Punjab National Bank (PNB) scam, an official said.
Airtel, HMD Global offer affordable 4G smartphones (15:16)
New Delhi, Feb 19 (IANS) As part of its "Mera Pehla Smartphone" initiative, Telecom services provider Bharti Airtel and HMD Global on Monday announced a partnership to offer affordable 4G smartphones.
Selling every handset, not dumping units in secret warehouses: Xiaomi India (Lead, correcting name in first para) (15:10)
By Nishant Arora
New Delhi, Feb 19 (IANS) Xiaomi, the Chinese electronics and software company, does not have big, secret warehouses in India where it is dumping unsold inventory and is actually selling smartphones faster than any other brand in the country, Xiaomi India Managing Director and Global Vice President Manu Kumar Jain has emphasised.
Pay utility bills now with Google 'Tez' (15:06)
New Delhi, Feb 19 (IANS) Google India on Monday announced that people can now pay water, electricity, DTH and mobile bills with its "Tez" digital payment app without any transaction charges.
Chatbots to handle 25% customer service and support by 2020 (14:22)
Tokyo, Feb 19 (IANS) Twenty-five per cent of customer service and support operations will integrate virtual customer assistant (VCA) or chatbot technology across engagement channels by 2020 -- up from less than two per cent in 2017, Gartner said on Monday.
Gitanjali Gems plunge 10%, PNB stocks trade 8% lower (14:18)
Mumbai, Feb 19 (IANS) Shares of Gitanjali Gems extended losses for the fourth consecutive session on Monday -- plunging almost 10 per cent to its lower circuit level at Rs 33.80 per scrip.
L&T Construction bags orders worth Rs 1,680cr (13:48)
Mumbai, Feb 19 (IANS) Industrial conglomerate Larsen and Toubro (L&T) on Monday said its construction arm has bagged orders worth Rs 1,680 crore from the Pune Municipal Corporation to revamp the water supply system in the city.
Microsoft's Bing to gain as Google kills 'view image' button (Lead) (13:44)
San Francisco, Feb 19 (IANS) Following Google's removal of the "view image" button from its image search results last week, several users will move to other browsers like Microsoft's Bing and Startpage that allow download of high-resolution images with a right click, media reported.
Gionee India extends smartphone offer campaign (13:44)
New Delhi, Feb 19 (IANS) In a first hint that the company was not scaling down its operations in the country, Gionee India on Monday announced to extend its "Smile Squad" campaign till February 28 where people can buy its smartphones at attractive discounts.
Metals, banks drag equities lower; Sensex tanks over 300 points (Lead) (13:26)
Mumbai, Feb 19 (IANS) Heavy selling pressure in metals, banking, capital goods, auto and oil and gas stocks dragged the key Indian equity indices lower on Monday, with the benchmark Sensex tanking over 300 points.
For India's debt markets, covered bonds could be a game-changer (Comment: Special to IANS) (12:52)
By Taponeel Mukherjee
Innovation in the Indian capital markets is needed to both boost growth and resolve the balance sheet issues of banks. Besides improving the corporate bond market and lending standards, work needs to be done to create a covered bond market to assist better lending standards.
Samsung remains smartphone market leader at home turf (12:48)
Seoul, Feb 19 (IANS) Samsung smartphones maintained their dominant market status late last year as Apple iPhones expanded their presence in South Korea, an industry report said on Monday.
CBI raids Rotomac's Kanpur properties (11:38)
New Delhi/Kanpur, Feb 19 (IANS) The CBI on Monday raided several locations in Kanpur in connection with a Rs 800 crore loan default by the Rotomac Pen company's chief Vikram Kothari, an official said.