India's core sector growth shrinks by over 5%

New Delhi (IANS) The output rate of India's eight major industries contracted by over 5 per cent in September.

According to the Index of Eight Core Industries, September's contraction came after a marginal growth of 0.1 per cent registered…

Expected tax relief buoys Sensex, capital goods stocks' rise

Mumbai (IANS) Expectations of further relief measures from the government in the form of tax cuts, along with hopes of healthy quarterly results, buoyed the key Indian equity indices higher during the early-morning trade session on Wednesday.

Telecom circles abuzz: Vodafone to exit India

New Delhi (IANS) The telecom regulatory world is abuzz with feverish talk that the imperilled telecom operator, Vodafone, is ready to exit its India operations.

An email questionnaire was sent by IANS to a Vodafone-Idea spokesperson in India.…

Jio hits back at COAI as internecine warfare begins in telecom again

New Delhi (IANS) Telecom Secretary Anshu Prakash on Wednesday met Cabinet Secretary Rajiv Gauba to discuss the way forward for the Committee of Secretaries set up to consider a relief package for the telecom sector.

The CoS has been set up…

Adani joins Digital Realty to build data centers in India

Ahmedabad (IANS) In a bid to build data centre infrastructure in India, the $13 billion Adani Group on Tuesday announced a partnership with San Francisco-based Digital Realty to jointly develop and operate data centers and cultivate undersea cable…

Global cues, auto stocks lift equities; Sensex up by 400 pts

Mumbai (IANS) Positive global cues along with expectations of healthy quarterly results and hopes of a sales boost from the festive season lifted the key Indian equity indices higher on Tuesday.

Market observers said that low crude oil prices…

Bonanza for stock markets in the works; DDT to be scrapped

New Delhi (IANS) A bonanza is in the offing for the stock markets as the Prime Minister's Office (PMO) and the Finance Ministry are working on measures which may include dividend distribution tax (DDT) to be scrapped and a review of existing slabs…

Shiv Sena on economy: 'itna sannata kyu hai bhai'

Mumbai (IANS) Invoking the famed 'Sholay' dialogue, "itna sannata kyun hai bhai", the ruling ally Shiv Sena on Monday made a resounding critique on the economic slump which it said "is evident in the subdued Diwali celebrations this year".
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Amazon's $1 bn deal with Saudi Arabia stalled: Report

San Francisco (IANS) A $1 billion deal to build Amazon data centres in Saudi Arabia appears to have stalled, following the death of journalist Jamal Khashoggi, The Washington Post reported.

After Khashoggi's killing in Istanbul last year,…

RIL may be aiming listing of Jio post debt free status: Sources

New Delhi (IANS) The aim of Reliance Industries (RIL) to make Jio debt free by transferring the liabilities of up to Rs 108,000 crore to a new entity could be a step towards listing the telecom arm at a later date and benchmarking it to the global…