Apple puts Wistron on probation after violence at India plant

Bengaluru (IANS) One week after violence broke out at Wistron Corporation's plant near Bengaluru where iPhones and other IT products are manufactured, Apple on Saturday placed the Taiwanese tech giant on probation after finding that the company…

Sensex turns negative after touching 47,000 for first time

Mumbai (IANS) The BSE Sensex opened above the psychological mark of 47,000 for the first time on Friday. It, however, could not hold on to the gains and turned negative in the next few minutes.

It opened at an all-time high of 47,026.02 points.

Reliance and BP announce first gas from Asia's deepest project

New Delhi (IANS) Reliance Industries Limited (RIL) and BP on Friday announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the Kakinada coast.

RIL and BP are developing three deepwater gas projects…

'Inflation seen elevated in 2021, may decline by that year-end'

Mumbai (IANS) Inflation in India may continue to be elevated in 2021, according to a report by ICICI Securities.

The report, however, predicted an ease in inflation by the end of next year.

"We expect inflation to remain elevated in…

Entry of big pvt equity players set to heat up BPCL takeover

New Delhi (IANS) Covid inflicted doubts over the sell-off process for BPCL has now given way to the prospect of heated competition among all interested parties driving up valuation for the state-run refiner.

According to analysts, the entry…

WhatsApp Pay now live with 4 top banks in India

New Delhi (IANS) WhatsApp Pay on Wednesday announced it is now live with State Bank of India, HDFC Bank, ICICI Bank and Axis Bank for its up to 20 million users in India.

After two years of waiting, Facebook-owned WhatsApp payment service received…

Global cues, FII inflows lift equity indices to new highs; realty stocks rise

New Delhi (IANS) Strong buying support combined with influx of fresh foreign funds lifted the key Indian equity indices to reach record intra-day highs on Wednesday.

Accordingly, the NSE Nifty50 opened with a "gap up" and reached all time high…

India's GDP contraction expected to narrow down: SBI Ecowrap

New Delhi (IANS) India's GDP contraction due to the impact of Covid pandemic is expected to narrow down to (-)7.4 per cent in FY21 from an earlier projection of (-)10.9 per cent, SBI Ecowrap report said on Wednesday.

"Our revised GDP estimates…

Partnership with Jio to help support millions of SMBs: Zuckerberg

New Delhi (IANS) Facebook CEO Mark Zuckerberg on Tuesday said its partnership with Jio Platforms will help support millions of small businesses in India.

Zuckerberg made the remark during a conversation with Mukesh Ambani, Chairman and Managing…

Inflationary woes: India's WPI rises to 1.55% in Nov

New Delhi (IANS) India's annual rate of inflation based on wholesale prices jumped to 1.55 per cent in November from a rise of 1.48 per cent in October .

"The rate of inflation, based on monthly WPI, stood at (1.55 per cent) (provisional)…