Flipkart to insure mobiles bought on its e-platform

Bengaluru (IANS) Leading e-tailer Flipkart on Sunday said it had tied up with Bajaj Allianz General Insurance to offer insurance to products like mobiles bought on its online shopping platform from October 10.

"We will offer…

Nobel Prize in Economics awarded to 2 Americans

Stockholm (IANS): The Nobel Prize in Economic Sciences 2018 was awarded on Monday to American economists William Nordhaus and Paul Romer for designing methods that address fundamental and pressing issues including long-term sustainable growth in the…

US-based Qualcomm to set up $400-mn campus in Hyderabad

Hyderabad (IANS): Qualcomm will set up up a campus in Hyderabad at an investment of $400 million (about Rs 3,000 crore), which will be its largest facility outside of the United States, the Telangana state government announced on Saturday.

The…

Bankruptcy Code will deepen Indian corporate bond market: Assocham

New Delhi (IANS): The successful resolution of issues of banks' non-performing assets (NPAs) or bad loans through the Insolvency and Bankruptcy Code (IBC) will help deepen India's corporate bond market that is highly concentrated in AAA rated…

More steps likely to cut current account deficit: Arun Jaitley

New Delhi (IANS): Finance Minister Arun Jaitley said on Saturday the government was trying its best to narrow down the current account deficit (CAD) and more steps were likely in that direction.

He said while the government had already taken…

Likely RBI intervention helps rupee recover from record low

New Delhi  (IANS): A likely intervention by the country's central bank along with expectations of some short-term measures in the upcoming monetary policy to curb currency fluctuations aided the Indian rupee to recover on Thursday from its…

Sensex down 400 points, Nifty below 11,500-mark as RBI rate hike likely

Mumbai (IANS): Caution ahead of the likely RBI rate hike on Friday, the investor sentiments' were subdued leading the S&P BSE Sensex to lose over 400 points during the afternoon trade session on the day, while the Nifty50 traded below the…

Huawei gets DoT invite to take part in 5G trials in India

New Delhi (IANS): Putting speculation about its participation in India's 5G roll-out process to rest, Chinese telecom giant Huawei on Friday said it had received an invitation from the Department of Telecommunications to take part in the trials…

Rupee touches new low at 73.77 per Dollar

Mumbai (IANS) The Indian rupee plunged to a fresh record low of 73.77 to a US dollar on Thursday morning.

It stood at 73.77 (73.7688) to a dollar -- the lowest ever mark -- it has touched against the greenback.

…

Weak rupee to attract NRI investments into Indian real estate

New Delhi, Oct 4 (IANS) With the Indian rupee under pressure for the past few months and declining to its lowest-ever levels, real estate players expect non-resident Indian, or NRI, investments in the sector to gain momentum.

A weaker…