Most firms bet big on 5G but wary of network readiness: Gartner

Mumbai (IANS): Betting big on Internet of Things (IoT)-based communications and video analytics/streaming, nearly two-third of organisations globally plan to deploy the 5G technology by 2020 but are wary of the lack of readiness of communications…

Ola to invest $100 mn in Vogo scooter-sharing start-up

Bengaluru (IANS): India's leading cab-hailing platform Ola on Tuesday announced investing $100 million (Rs 711-crore) in scooter-sharing start-up Vogo.

"As part of the partnership, Ola will boost Vogo's supply by investing in 100,000…

Petrol prices remain unchanged on Sunday, diesel declines

New Delhi (IANS) Petrol prices across the four metropolitan cities remained unchanged on Sunday, while the cost of diesel continued to decline.

In the national capital, petrol on Sunday sold at Rs 70.34 per liter, at the same…

Mergers will kill branches when the need is for branch expansion: AIBEA

Chennai (IANS) At a time when India is largely unbanked or underbanked with a low density of banks, the merger of banks will result in the killing of branches and would divert attention from recovering huge outstanding loans, said a top…

India's software market to grow 14% in 2018: IDC

New Delhi (IANS) Riding on Digital Transformation (DX) initiatives, India's software market is expected to register a year-on-year (YoY) growth of 14.1 percent by the end of 2018, a new report by International Data Corporation (IDC) said…

India's November wholesale inflation eases to 4.64%

New Delhi (IANS): India's annual rate of inflation based on wholesale prices eased to 4.64 percent in November from 5.28 percent in October, official data showed here on Friday.

However, on a year-on-year (YoY) basis, the Wholesale Price…

Infosys forms JV with Hitachi, Panasonic in Japan

Bengaluru (IANS): Global software major Infosys on Friday said it has formed a joint venture (JV) with Hitachi Ltd, Panasonic Corporation and Pasona Inc to enhance its presence in Japan.

"The company will acquire 81 percent equity stake…

Vivo announces Rs 4,000 crore investment for new UP plant

New Delhi (IANS): Chinese smartphone maker Vivo on Thursday announced an additional investment of Rs 4,000 crore over a period of four years for opening a new manufacturing plant on the Yamuna Expressway in Uttar Pradesh that will generate 5,000 jobs…

Saudi to make biggest investment in Pakistan's history: Minister

Islamabad (IANS) A Pakistan Minister on Thursday said that an incoming investment package from Saudi Arabia promises to be "the biggest foreign investment in the country's history".

Asad Umar, while addressing…

Manufacturing lifts India's November industrial output higher

New Delhi (IANS): Higher production in the manufacturing sector, especially of capital goods and consumer durables, accelerated India's industrial output to 8.1 percent in October from a rise of 4.46 percent in September and 1.8 percent during…