Elon Musk sued for fraud

New York (IANS): The Securities and Exchange Commission (S.E.C.) has filed a lawsuit accusing Tesla Inc. founder Elon Musk of committing fraud by making false public statements with the potential to hurt investors, a move that could force him out…

India to have over 700 mn smartphone users by 2022: Counterpoint

New Delhi (IANS): More than a billion smartphones will be sold in India over the next five years, taking the number of users to surpass 700 million by 2022, Counterpoint Research said on Friday.

Mid-range smartphones (roughly Rs 14,000-Rs 29,000),…

India's June-end external debt declines to $514.4 bn

Mumbai (IANS): India's external debt for the quarter ended June 2018 declined on a year-on-year basis by 2.8 percent to $514.4 billion, official data showed on Friday.

According to the Reserve Bank of India, external debt declined to $514.4…

India's solar alliance gets major push with EIB funds

New York (IANS): In a major push to India's International Solar Alliance (ISA), European Investment Bank (EIB) President Werner Hoyer on Wednesday announced a major progress on tackling climate change globally at the One Planet Summit here.

Sensex sheds 218 points, Nifty below 11,000-mark

Mumbai (IANS): Key equity indices slipped into the red for the second consecutive session on Thursday as the S&P BSE Sensex closed 218 points down and the NSE's Nifty50 closed lower at 10,978 points as investors turned cautious ahead of the…

Tata firm to set up cybersecurity response centres in Europe, US

Chennai (IANS): Tata Communications Ltd on Thursday launched its cybersecurity response centre (CSRC) here and will come up with one such centre each in Europe and the US in future, a senior company official said.

The new CSRC was inaugurated…

Markets open on high note

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.

The Sensex of the BSE opened at 36,936.64 points touched a high of 36,938.74 points and a low…

Record 141.59 MT kharif foodgrain production

New Delhi (IANS): Total foodgrain production in this kharif season will be a record 141.59 million tonnes, which is 0.86 million tonnes more than last year, Union Agriculture Minister Radha Mohan Singh said on Wednesday.

The Agriculture Ministry…

Boeing setting up electronics, avionics facility in Bengaluru

Bengaluru (IANS): Global aerospace major Boeing is setting up an electronics manufacturing and avionics Assembly facility in this tech hub at an investment of Rs 1,152 crore, said an official on Monday.

"We have allotted 36 acres of land…

Equity indices open in red

Mumbai (IANS): The key Indian equity indices opened on a negative note on Monday with heavy selling pressure in consumer durables, auto and banking stocks.

At 9.25 a.m, the wider Nifty50 on the National Stock Exchange traded at 11,088.80 points,…