VMware to comply with Indian government's demand to localise data

Las Vegas (IANS - By Hardev Sanotra) VMware, one of the largest enterprise software companies, says it has no problem with the demand by the Indian government to localise the servers used by big service providers to store users' data.

The…

RInfra wins Rs 200 cr arbitration against NHAI

Mumbai  (IANS) Reliance Infrastructure (RInfra) has won a Rs 200 crore arbitration award against the National Highway Authority of India (NHAI), the company said on Monday.

In a statement here, the company said that a three-member Arbitration…

Oil prices, trade tensions to exert pressure on rupee: Experts

Mumbai, (IANS) Fears over the rise in global trade protectionist measures, coupled with high crude oil prices are expected to exert pressure on the Indian rupee, experts said on Saturday.

However, healthy economic growth rate data released…

India's forex reserve up $445mn

Mumbai, Aug 31 (IANS) India's foreign exchange (forex) reserves rose by $445.4 million during the week ended August 24, official data showed on Friday.

According to the Reserve Bank of India (RBI) weekly statistical supplement, the overall…

Google Launchpad Accelerator India shortlists 10 startups

New Delhi, Aug 31 (IANS) Google on Friday announced the first batch of 10 short-listed startups who will be part of its "Launchpad Accelerator" mentorship programme in India.

The inaugural class will begin on September 10 at the Google…

Manufacturing upswing lifts India Q1 GDP; growth at 8.2%

New Delhi, Aug 31 (IANS) An upswing in manufacturing activity accelerated India's GDP growth rate in the first quarter of 2018-19 to 8.2 percent, official data showed here on Friday.

According to the Central Statistics Office (CSO), the…

Oil prices, interest rates to put pressure on India's fiscal deficit: Moody's

Mumbai, Aug 29 (IANS) Global credit ratings, research and risk analysis firm Moody's Investors Service on Wednesday said higher oil prices and interest rates might put pressure on India's fiscal and the current account deficit.
…

India shortlisted among 5 countries for Uber flying cabs

Tokyo, Aug 30 (IANS) Fasten your seatbelt to board a flying cab soon as Uber on Thursday selected India as one of the first five shortlisted finalist countries that could be home to the first international Uber Air City within the next five years.

Committed to turnaround; reduced debt in Q1: Jet

Mumbai, Aug 29 (IANS) Jet Airways on Tuesday said that it has reduced the overall debt burden during the first quarter of 2018-19 and is committed towards a turnaround strategy.

According to Jet Airways Deputy Chief Executive Officer and Chief…

Indian firms lead IT transformation in Asia: Dell EMC

New Delhi, Aug 28 (IANS) When it comes to IT transformation, 17 percent of organizations in India have achieved the fully Transformed status -- a much higher percentage than was observed in other Asian countries researched (4 percent), a Dell…