Amid trade war with US, China drops ban on Indian rapeseed oil meal

Beijing (IANS): Amid the bleeding trade war with the US, China has removed an over five-year-long ban on the import of Indian rapeseed oil meal.

China is the biggest consumer of oil meal of which rapeseed is a variant. Beijing has slapped additional…

Value buying lifts equity indices and banking stocks

Mumbai (IANS) Broadly positive Asian markets, along with a stable rupee and value buying pushed the key domestic equity indices higher during Monday's morning trade session.

In addition, healthy buying was seen in interest…

Petrol, diesel prices down for fourth successive day

New Delhi (IANS) State-run oil marketing companies (OMCs) cut the prices of key domestic transport fuels -- petrol and diesel -- for the fourth consecutive day on Sunday on lower global crude oil prices.

According to the IndianOil Corp data,…

Global IT spending to grow 3.2% in 2019

San Francisco (IANS) Driven by increased Cloud adoption, worldwide IT spending is projected to total $3.8 trillion in 2019, an increase of 3.2 per cent from expected spending of $3.7 trillion in 2018, according to the latest forecast by market…

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…

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…

Weak rupee benefited Infosys

Bengaluru (IANS) A weakening rupee against a strong US dollar benefited Indian software export major Infosys in the second quarter of fiscal 2018-19, said its Chief Financial Officer (CFO) M.D. Ranganath on Tuesday.

"We benefited…

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…

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"…