Equity indices surge to fresh highs; Sensex crosses 38,500 points

Mumbai, Aug 27 (IANS) The key Indian equity indices touched fresh record high levels on Monday morning tracking firm global cues.

Both the S&P BSE Sensex and the NSE Nifty50 hit their respective intra-day benchmarks…

Apple donates Rs 7 crore for Kerala's flood victims

New Delhi, Aug 25 (IANS) Heartbroken by the catastrophic flooding in Kerala, US tech giant Apple on Saturday announced to donate Rs 7 crore towards the ongoing relief work.

"We're heartbroken by the catastrophic flooding in Kerala.…

Force Motors to acquire Man Trucks India's MP plant

Mumbai, Aug 24 (IANS) Force Motors will acquire MAN Trucks India's plant at Pithampur, Madhya Pradesh.

"This arrangement is being recorded by binding agreements. The arrangement would be subject to receipt of necessary approvals,"…

Infosys opens North Carolina hub, hires 4,700 in the US

San Francisco, Aug 23 (IANS) Global software major Infosys has inaugurated its fourth technology and innovation hub in Raleigh, North Carolina, saying that it has now hired more than 4,700 Americans since spring 2017, including nearly 500 in North…

IOC to invest over Rs 37,000 crore in TN

Chennai, Aug 22 (IANS) Energy major Indian Oil Corporation (IOC) will be investing about Rs 7,112 crore in infrastructure facilities in Tamil Nadu over the next three years, said a senior official.

At the IOC group level -- IOC and group company…

Alibaba-backed Paytm rolls out AI Cloud for India

Bengaluru, Aug 21 (IANS) In collaboration with Chinese tech giant Alibaba, digital payments major Paytm on Tuesday launched its AI Cloud computing platform for developers, start-ups and enterprises in India.

This platform offers a suite of…

Sensex, Nifty hit record highs on firm global cues, rupee recovery

Mumbai, Aug 20 (IANS) The key Indian equity indices of the S&P BSE Sensex and the NSE Nifty50 touched fresh record levels on Monday, supported by firm global cues and a recovery in the Indian rupee.

Both the BSE Sensex and the Nifty 50…

Walmart acquires 77% stake in Flipkart Group

Bengaluru, Aug 18 (IANS) Retail giant Walmart Inc. on Saturday acquired approximately 77 per cent stake in e-commerce major Flipkart.

According to a statement, Walmart now holds approximately 77 per cent of Flipkart, while the remainder of…

Bangladesh looks to increase power import from India

Kolkata, Aug 17 (IANS) Bangladesh, which is importing around 700 megawatts (MW) of power from India, is looking to ramp up its electricity import from the country, an official of the neighbouring nation said here on Friday.

"We are currently…

Ashok Leyland bags order for 300 double decker buses from Bangladesh

New Delhi/Chennai, Aug 17 (IANS) Commercial vehicle major Ashok Leyland on Friday said that it has bagged an order for 300 double decker buses from the Bangladesh Road Transport Corporation (BRTC).

According to the company, the order delivery…