Alibaba's Jack Ma to retire

New York (IANS): Jack Ma, Alibaba's co-founder and executive chairman, has said that he plans to step down from the Chinese e-commerce giant on Monday to pursue philanthropy in education, a changing of the guard for the $420 billion internet company.

Let Indian users decide on data localisation: Experts

New Delhi (IANS): Amid the Indian government's call to store data locally, experts here said on Friday that the consumers should be free to choose jurisdiction in which data can be stored and it might not be prudent to force data localisation.

Kolkata best city for 4G availability in India: OpenSignal

New Delhi (IANS): As 4G penetration increases in India, Kolkata has emerged as the top city with a 4G availability score of an impressive over 90 per cent, London-based wireless coverage mapping company OpenSignal said on Thursday.

Kolkata…

Rupee slips to a new low; touches 71.75/$

Mumbai (IANS) The Indian rupee plunged to a fresh record low of 71.75 to a dollar during the morning trade session on Wednesday.

Around 10.40 a.m. the Indian rupee traded at 71.75 to a dollar -- the lowest ever mark -- it has touched against…

India's airlines suffering double whammy: IATA

New Delhi (IANS) India's passenger carriers are suffering from a "double whammy" of a steep rise in fuel costs and the decline in the Indian rupees value, global airlines association IATA said on Tuesday.

According…

VMware to comply with Indian government's demand to localise data

Las Vegas (IANS - By Hardev Sanotra) VMware, one of the largest enterprise software companies, says it has no problem with the demand by the Indian government to localise the servers used by big service providers to store users' data.

The…

RInfra wins Rs 200 cr arbitration against NHAI

Mumbai  (IANS) Reliance Infrastructure (RInfra) has won a Rs 200 crore arbitration award against the National Highway Authority of India (NHAI), the company said on Monday.

In a statement here, the company said that a three-member Arbitration…

Oil prices, trade tensions to exert pressure on rupee: Experts

Mumbai, (IANS) Fears over the rise in global trade protectionist measures, coupled with high crude oil prices are expected to exert pressure on the Indian rupee, experts said on Saturday.

However, healthy economic growth rate data released…

India's forex reserve up $445mn

Mumbai, Aug 31 (IANS) India's foreign exchange (forex) reserves rose by $445.4 million during the week ended August 24, official data showed on Friday.

According to the Reserve Bank of India (RBI) weekly statistical supplement, the overall…

Google Launchpad Accelerator India shortlists 10 startups

New Delhi, Aug 31 (IANS) Google on Friday announced the first batch of 10 short-listed startups who will be part of its "Launchpad Accelerator" mentorship programme in India.

The inaugural class will begin on September 10 at the Google…