ABB wins Rs 115-crore order to sell transformers to Indian Railways

Bengaluru (IANS): Swedish-Swiss electrical equipment maker ABB on Wednesday said it has won a Rs 115-crore contract to supply transformers to the Indian Railways.

The order has been awarded by Diesel Locomotive Works, Varanasi, ABB said in…

ED attaches Nirav Modi, Choksi's assets worth Rs 218 crore

New Delhi (IANS): The Enforcement Directorate on Wednesday said it has attached assets in India and abroad worth Rs 218 crore belonging to fugitive diamond merchants Nirav Modi and his maternal uncle Mehul Choksi.

The duo, who have fled the…

Global software firm WANdisco set to expand India operations

New Delhi (IANS): At a time when India is going through a deep digital transformation, riding on a mobile-first population, global public software company WANdisco is all set to expand its operations and increase the headcount in the country.

India's data localisation decision leaves global digital payment firms in a bind

New Delhi (IANS): With the government on Monday saying it will not relax the Reserve Bank of India's (RBI) October 15 deadline for data localisation, the road ahead has become tough for global digital payment providers who have sought more time…

RBI unlikely to hike rates in rest of FY19: SBI report

Mumbai (IANS): The Reserve Bank of India (RBI) is not expected to hike key lending rates in the current fiscal, a SBI Ecowrap report said on Saturday.

"CPI inflation marginally increased to 3.77 percent in September 2018. Interestingly,…

Sugar mills worry over surplus, talk of 'industry collapse'

New Delhi (IANS) With the availability of sugar set to reach an unprecedented level of 44 million tonnes thanks to huge unconsumed stock from last year and expected higher production this year, an imminent threat of "industry collapse"…

Sensex up 449 points, value buying boost equity indices

Mumbai (IANS) Value buying along with broadly positive global cues and a stable rupee aided the Indian equity market on Friday to make healthy gains during the morning trade session.

The rupee stood at 73.79 mark around 9.25…

India's retail inflation rises to 3.77 percent

New Delhi (IANS) Higher food and fuel prices accelerated India's September retail inflation to 3.77 per cent from 3.69 per cent in August, official data showed on Friday.

Even on a year-on-year (YoY) basis, the Consumer…

Global PC shipments hit 67.2 mn units in Q3, Lenovo leads

New Delhi (IANS): Lenovo secured the top spot in the worldwide PC market with HP Inc came second as the global PC shipments hit 67.2 million units in the third quarter of 2018 -- a 0.1 percent increase from the third quarter last year, research company…

Sensex plummets 800 points, Nifty below 10,300 as volatility rules

Mumbai (IANS): India's key equity indices plummeted in the afternoon session on Thursday after a feeble recovery early on, as concerns about global growth and expectations of ever-tighter interest rates in the United States roiled markets across…