Elon Musk steps down as Tesla's Chairman

New York (IANS) Elon Musk has agreed to step down as chairman of Tesla Inc. for three years and pay a $20 million fine in a deal with the stock market regulatory authority, Securities and Exchange Commission (S.E.C.) to resolve securities…

Myanmar-India border trade hits $87 mn

Yangon (IANS): Border trade between Myanmar and India reached $87 million as of September 21 during the six-month transitional period which started in April, the Commerce Ministry said here on Sunday.

Myanmar has changed its fiscal year period…

Labour trouble continues at Eicher Motors

Chennai (IANS): Two days after the Eicher Motors Ltd signed an agreement with the workers, the plant at Orgadam near here continues to be stricken with the worker's union opposing fresh conditions of the company, a union leader said.

The…

Elon Musk sued for fraud

New York (IANS): The Securities and Exchange Commission (S.E.C.) has filed a lawsuit accusing Tesla Inc. founder Elon Musk of committing fraud by making false public statements with the potential to hurt investors, a move that could force him out…

India to have over 700 mn smartphone users by 2022: Counterpoint

New Delhi (IANS): More than a billion smartphones will be sold in India over the next five years, taking the number of users to surpass 700 million by 2022, Counterpoint Research said on Friday.

Mid-range smartphones (roughly Rs 14,000-Rs 29,000),…

India's June-end external debt declines to $514.4 bn

Mumbai (IANS): India's external debt for the quarter ended June 2018 declined on a year-on-year basis by 2.8 percent to $514.4 billion, official data showed on Friday.

According to the Reserve Bank of India, external debt declined to $514.4…

India's solar alliance gets major push with EIB funds

New York (IANS): In a major push to India's International Solar Alliance (ISA), European Investment Bank (EIB) President Werner Hoyer on Wednesday announced a major progress on tackling climate change globally at the One Planet Summit here.

Sensex sheds 218 points, Nifty below 11,000-mark

Mumbai (IANS): Key equity indices slipped into the red for the second consecutive session on Thursday as the S&P BSE Sensex closed 218 points down and the NSE's Nifty50 closed lower at 10,978 points as investors turned cautious ahead of the…

Tata firm to set up cybersecurity response centres in Europe, US

Chennai (IANS): Tata Communications Ltd on Thursday launched its cybersecurity response centre (CSRC) here and will come up with one such centre each in Europe and the US in future, a senior company official said.

The new CSRC was inaugurated…

Markets open on high note

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.

The Sensex of the BSE opened at 36,936.64 points touched a high of 36,938.74 points and a low…