iPhone repair fraud in China cost Apple billions of dollars: Report

San Francisco (IANS): Fraudulent iPhone repair claims made in China cost Apple billions of dollars over a period of five years, according to a report in The Information.

As part of the highly sophisticated fraud scheme run by organised teams,…

Sensex, Nifty jump on value buying, hopes of upbeat earnings

Mumbai (IANS): Key equity indices jumped on Wednesday, as investors piled into beaten-down stocks amid expectations of robust corporate earnings for the second quarter ended September.

The S&P BSE Sensex vaulted over 400 points, while…

Cabinet approves closure of loss-making Biecco Lawrie

New Delhi (IANS): The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved closure of Kolkata-based Biecco Lawrie Limited (BLL), after several attempts to revive the loss-making company failed, an official statement said.

The…

China seeks India's cooperation amid trade war with US

New Delhi (IANS): China and India need to deepen their cooperation to fight trade protectionism, the Chinese Embassy here said on Wednesday, as it accused the US of provoking trade disputes by adopting a unilateral approach.

"As the two…

IMF gives credit for reforms under Modi, projects India as fastest growing

United Nations (IANS): The International Monetary Fund (IMF) on Tuesday acknowledged the economic reforms carried out under Prime Minister Narendra Modi and projected India to be the world's fastest growing major economy this year and next.

Sensex down 150 points, Nifty below 11,300-mark

Mumbai (IANS): The key equity indices traded in the negative territory during the mid-afternoon trade session on Tuesday.

Although it opened in the green, the Sensex was down 150 points and the Nifty traded below the 11,300-mark owing to the…

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…