Worldwide IT spending to grow 6.2% in 2021: Gartner

San Francisco (IANS) After a decline in the pandemic-hit 2020, worldwide IT spending is projected to total $3.9 trillion in 2021, an increase of 6.2 per cent from the previous year, according to the latest forecast by Gartner on Monday.

Worldwide…

Recovering Fortunes: Yes Bank sees signs of reaching pre-Covid levels soon

Mumbai (IANS) Private lender Yes Bank has witnessed internal as well as external indicators of fast-paced economic recovery leading to pre-Covid operational levels.

The bank's own financial performance has improved drastically. It has again…

LG may exit smartphone market but it's not game over

New Delhi (IANS) The mobile business of LG Electronics has been in the red since the second quarter of 2015. Its accumulated operating loss reached nearly $4.5 billion last year and now, the South Korean company is planning to exit from the competitive…

Bullet Train Project: 7 cos willing to construct undersea tunnel

New Delhi (IANS) At least seven Indian companies have shown interest for the construction of the undersea tunnel for the ambitious Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor during the pre-bidding stage, officials said on Sunday.

A National…

Tata Motors launches hatchback Altroz's i-Turbo variant

Mumbai (IANS) Automobile manufacturer Tata Motors on Saturday launched the 'i-Turbo' variant of its premium hatchback, Altroz.

The variant's petrol version starts at Rs 8.25 lakh while the diesel version costs Rs 9.45 lakh.

Sensex slumps 700 points, gives up 49,000

Mumbai (IANS) A day after claiming the landmark 50,000 level for the first time, the BSE Sensex plunged below the 49,000 mark on Friday.

It fell 746.22 points, or 1.50 per cent, to close at 48,878.54 as heavy selling was witnessed in banking,…

Landmark amid pandemic: Sensex breaches 50,000

Mumbai (IANS) The much-anticipated moment of the Indian stock market for the past few weeks arrived on Thursday as the BSE Sensex crossed the 50,000 mark for the first time in its history.

The achievement gains significance as it comes on the…

Sensex at 50,000: Ride the wave, but be aware of the bumps

Mumbai (IANS) Sensex at 50,000 is, indeed, a proud day not only for the markets and investors, but for the economy also. The market is regarded as the barometer of the economy with a potential to discount the future. If this is true, the Indian economy…

Equity indices rise, Sensex above 49,600

Mumbai (IANS) The key Indian equity indices rose on Wednesday morning with the BSE Sensex gaining over 200 points.

The index was trading above the 49,600 mark.

Healthy buying was witnessed in auto and IT stocks.

Around 10 a.m.,…

Sensex up 500 points, trades well above 49,000

Mumbai (IANS) The BSE Sensex surged over 500 points on Tuesday to reclaim the 49,000-mark.

Healthy buying activity was witnessed in auto, finance, capital goods and oil and gas stocks.

Around 11.25 a.m., Sensex was trading at 49,132.65,…