Google to launch digital payment app 'Tez' in India on September 18

Joining the digital payment bandwagon in India and eclipsing WhatsApp's plans, Google is launching a Unified Payments Interface (UPI)-based digital payment service called "Tez" on September 18.

According to, on September 18, "Google, Alphabet Inc's subsidiary, will make an entry into India's fast growing and super-competitive digital payment ecos

Equities trade with marginal gains; healthcare, banks stocks in green

 Key Indian equity indices -- the BSE Sensex and NSE Nifty50 -- traded on a flat note with marginal gains during the mid-afternoon session on Thursday, with healthy buying in healthcare and banking stocks.

However, profit booking in metal and oil and gas stocks capped gains.

Around 1.15 p.m., the wider 51-scrip Nifty50 of the National Stock Exchange (NSE) was up 5.20 po

JNPCT wins `Container Terminal of the Year`Award, 2017

Jawaharlal Nehru Port Container Terminal (JNPCT) was awarded “Container Terminal of the Year” Award for the above 0.6 million TEUs category at The Gateway Awards 2017 held at Mumbai. The Jawaharlal Nehru Port owned JNPCT won the award for its proactive strategies to ease congestion, smooth delivery of containers and revamping of infrastructure to support trade amidst adverse conditi

Ohio Department selects Persistent for e-licensing system

Persistent Systems has said that it has been selected by The Ohio Department of Commerce to design and build the e-licensing system for tracking various industry licenses required by the Ohio Medical Marijuana Control Program.

The system, expected to go live in early 2018, will integrate with the State's larger eLicensing platform as well as the State's payment gateway (CBOSS)

Toyota raises prices in line with cess hike

Toyota Kirloskar Motor on Wednesday said it has increased prices of its products -- Innova, Fortuner, Corolla and Etios -- effective from September 12 across all its dealerships.

According to the company, the decision was prompted by the raise in cess from 2-7 per cent across mid-size to large-size cars and SUVs (sports utility vehicles) as amended by the GST Council.


Wipro to contribute $250,000 towards rebuild Texas fund

IT major Wipro on Wednesday announced that it will partner with "Rebuild Texas Fund" to help in the recovery and rebuilding efforts following Hurricane Harvey, which left a trail of destruction across the US state.

According to the company, in order to support affected communities, it will contribute $250,000 towards the fund which has been set up by the Michael & Susan

Vistara launches hackathon for aviation sector

Full service passenger carrier Vistara on Wednesday said it has launched 'Vistara Hackathon for the aviation sector.

According to the airline, the hackathon will involve 20 teams that will create new applications to address aviation-related challenges in areas such as, tracking traveller behaviour and personalisation, amongst other challenging aspects.

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India invites bids to appoint banks, lawyers for Air India sale

NEW DELHI - India has invited bids to appoint two financial advisors and one legal advisor for the privatisation of national carrier Air India and its subsidiaries, the Ministry of Finance said in a newspaper advert on Thursday.

The government gave the green light to sell Air India, which has struggled under losses and its debts, in June, and officials have said they

RCom shares, bonds weaken after Ericsson's insolvency petition

MUMBAI - Shares in Reliance Communications fell as much as 2.3 percent in early trading on Thursday, a day after the Indian arm of Ericsson filed a petition seeking to drag the debt-laden telecom firm into insolvency due to unpaid dues.

The Swedish telecoms equipment maker, which signed a seven-year deal in 2014 to operate and manage Reliance Communications' natio

Pay Rs 50 lakh to 10 buyers for delayed flats, Supreme Court tells JP Associates

 The Supreme Court on Wednesday directed Jaiprakash Associates to deposit Rs 50 lakh as part payment of compensation for delayed possession to 10 buyers of flats in its Kalypso Court project in Noida.

A bench of Chief Justice Dipak Misra, Justice Amitava Roy, and Justice A.M. Khanwilkar said Rs 50 lakh would be given to Developers Township Property Owners Welfare Society, which i

Coal India intends to enter metal mining

Betting on the "core competency" in mining, coal behemoth Coal India Ltd (CIL) is intending to foray into metal mining of iron ore, bauxite, copper and nickel, an official said on Wednesday.

"We want to enter into metal mining like iron ore, bauxite and also plan to acquire some mining activities abroad in the field of copper and nickel," the miner's

Milk content increased by 8% in new Milkybar: Nestle India

Trying to improve the nutritional profile of its chocolate products, Nestle India has re-introduced "Milkybar" with its milk content increased by 8 per cent.

The company said raising the milk content has been followed by reducing the sugar quantity in the product by about 10 per cent and with improved taste.

A top Nestle India official told visiting media p

Elgi Equipments targets 15% growth

Compressor major Elgi Equipments Ltd is hoping to log 15 per cent growth this fiscal and has launched a SIM-based Internet of Things (IOT) service that informs its customers on strategic, analytical and operational data about their compressors, said a senior official here on Wednesday.

"We are targeting a 15 per cent growth in business this fiscal. We are now getting active enqui

ITI allots equity worth Rs 100 cr to President of India

Indian Telephone Industries Limited, commonly known as ITI Limited, on Wednesday said that it has allotted 10 crore equity shares of Rs 10 each at par amounting to Rs 100 crore to President of India.

“The Board of Directors in its 431st meeting held on 13.09.2017, considered and approved the issue and allotment of 10,00,00,000 equity shares of Rs 10 each at par amounting to Rs.

KGK Group sets up diamond cutting unit in Russia

Diamond and gemstone miners KGK Group has announced the setting up of a diamond cutting and polishing factory in Vladivostok, Russia.

"KGK shall be investing 2.8 billion Russian rubles in this unit. The installed manufacturing capacity is 150,000 carats of diamonds per year," the Hong Kong headquartered KGK, which was founded in Jaipur in 1905, said in a release on Tuesday.< sale from September 21-24 will be holding its sale -- Great Indian Festival -- from September 21-24, a company statement said here on Wednesday.

The sale will start early at 12 noon on September 20 for its Prime members.

"As our customers prepare for the festive season, we are geared up to serve them with blockbuster deals from India's biggest brands," said Manish Tiwary, Vice

Profit booking drags equity markets lower

) The Indian equity markets provisionally closed on a flat-to-negative note on Wednesday due to profit booking.

According to market observers, healthy macro-economic industrial production data, along with broadly positive Asian markets had given a push to key Indian equity indices -- the BSE Sensex and the NSE Nifty 50 -- during the initial trade session.

However, heavy sell

Foreign investors get to up stake in Capital First to 50%

The Reserve Bank has allowed foreign investors to hold up to 50 per cent equity holding in financial services firm Capital First. The company has passed a resolution that has mandated the hike in limit of investment from foreign institutional investors (FIIs) and foreign portfolio investors (FPIs) to 50 per cent, from the 24 per cent earlier.

Due to the increase in the investment limi

Vodafone India launches unlimited international plan for UK, Europe

Vodafone India on Wednesday launched unlimited international plan across the UK and Europe for Rs 180 per day, the company said here.

International travellers can now easily activate a pack and use their number overseas from the UK and other popular travel destinations of Europe like Germany, Spain, Italy, the Netherlands, Turkey, Greece, Portugal, Czech Republic, Romania and Hungary.

Adobe, SSC NASSCOM to implement skill-based programme

Aimed at implementing a strategic skill-based programme in the country, Adobe Systems on Wednesday announced a partnership with IT-ITeS Sector Skills Council Nasscom (SSC NASSCOM).

As part of a Memorandum of Understanding (MoU), the two would jointly develop and implement a sustainable as well as scalable skill-based programme for schools and higher education institutions in the count

Bharti Airtel, SK Telecom tie-up to build advanced network in India

Bharti Airtel and Korea's telecommunications company SK Telecom on Wednesday announced a strategic partnership to build advanced telecom network in India.

The partnership will work across several areas, including developing software to dramatically improve network experience, leveraging advanced digital tools including machine learning, big data and building customized tools, to i

NBCC signs pact with Belarus`BZS for infra, energy projects

NBCC India Ltd said it has signed an agreement with BZS of Belarus for infrastructure and energy projects, reported PTI. The memorandum of understanding (MoU) was signed in the presence of Prime Minister Narendra Modi and Alexander Lukashenko, President of the Republic of Belarus.

"The MoU pertaining to strategic cooperation has been entered between NBCC and BZS for joint partici

Flipkart introduces `anti-theft` packaging

Flipkart said it has developed India's first "anti-theft" packaging to secure goods from in-transit theft and tampering, reported PTI. "Designed specifically for high-net products like mobiles, tablets, and watches, this unique and exclusive pilferage protection box, which is currently awaiting patent grant, incorporates special security features in shipment," Flipkart s

Reliance Jio running `sinister campaign` to bring down IUC: Airtel

In a fresh war of words, Bharti Airtel alleged that Reliance Jio is running a "sinister campaign" to bring down the call connection charges by misleading authorities and the public with inflated figures, reported PTI. Bharti Airtel in a letter to Trai Chairman R S Sharma alleged that Reliance Jio (RJio) has again misrepresented the facts through wrong calculations of interconnection u

Infosys to hire 2,000 American workers by 2021

IT bellwether Infosys on Tuesday said that it will open its North Carolina Technology and Innovation Hub in Raleigh. “This innovation Hub is expected to hire 2,000 American workers by 2021. Towards its plan of hiring 10,000 jobs over 2 years, the company has already hired close to 1,200 American workers,” Infosys said in a filing to the Bombay Stock Exchange.

The new hub,