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Rupee might stabilise at 68-69 a dollar: Garg

Saturday, 18 Aug 2018 | PTI | Kolkata

The rupee, which has taken a severe battering of late, is expected to stabilise at 68-69 per US dollar level riding on positive capital inflows this month, Economic Affairs Secretary Subhas Chandra Garg today said. The rupee is already Asia's worst performing currency and had touched an all-time low of 70.09...

FCCU shutdown not impacting Jamnagar refining biz:RIL

Saturday, 18 Aug 2018 | PTI | New Delhi

Reliance Industries (RIL) today said a short shutdown of one of the Fluid Catalytic Cracking Units (FCCUs) at its Jamnagar complex would not impact the production. Jamnagar Refining Complex has two independent crude oil refineries, each with several secondary processing units. FCCU is one such secondary processing unit, the company said...

Infosys CFO Ranganath resigns

Saturday, 18 Aug 2018 | PTI | Bengaluru

IT major Infosys today said its Chief Financial Officer M D Ranganath has resigned from the company. Ranganath, who has worked with Infosys for about 18 years, is leaving the company to "pursue professional opportunities in new areas", it said in a statement. Ranganath will continue in his current position till November...

India clocked 10.08 pc growth under Manmohan Singh's tenure, shows data

Friday, 17 Aug 2018 | PTI | NEW DELHI

Indian economy clocked a 10.08 per cent growth rate in 2006-07 under the then Prime Minister Manmohan Singh, the highest since liberalisation of the economy in 1991, according to an official data. The highest ever growth rate since Independence was recorded at 10.2 per cent in 1988-89 when Rajiv Gandhi was...

Operators must pay attention to cyber security, reasonableness of charges: Patel

Friday, 17 Aug 2018 | PTI | Mumbai

RBI Governor Urjit Patel has asked financial services providers to focus on cyber security and reasonableness of customer charges. "While the Reserve Bank will continue to pay focused attention to appropriate enabling regulation, strong infrastructure, apposite supervision and customer centricity, due attention must be paid by operators towards cyber security, effective...

PVR completes acquisition of 71.6% stake of SPI Cinemas

Friday, 17 Aug 2018 | PTI | New Delhi

Leading multiplex operator PVR today said it has completed the acquisition of 71.69 per cent share of South India-based chain SPI Cinemas. SPI Cinemas operates 76 screens across 17 properties in 10 cities under several brands such as Sathyam, Escape, Palazzo, The Cinema and S2 Cinema. It reported revenue of Rs...

Apollo ties up with Microsoft for AI-powered CDV Risk Score

Friday, 17 Aug 2018 | PTI | Hyderabad

Microsoft India and Apollo Hospitals today announced the launch of the first AI-powered Cardiovascular Disease Risk Score API (Application Program Interface), designed specifically to predict the risk of Cardiovascular Disease (CVD) in the Indian population. A joint press release said the tie up is part of Microsoft's AI Network for Health...

Jet Airways board to meet on Aug 27 to consider June quarter results

Friday, 17 Aug 2018 | PTI | New Delhi

Jet Airways today said a meeting of the board of directors will be held on August 27 to consider and approve the unaudited financial results for the first quarter ended June 30. The board of directors of Jet Airways at its meeting held on August 9 had deferred the matter of...

Rupee appreciates marginally; still below 70 per dollar mark

Friday, 17 Aug 2018 | IANS | Mumbai

The Indian rupee appreciated marginally during the morning hour of the trade session on Friday after settling at a record low closing level in the previous session. Sentiments in the Indian currency market have been largely subdued of late due to a wider trade deficit and following weakness in the...

Airbus appoints Anand E Stanley as head of India biz

Thursday, 16 Aug 2018 | PTI | Mumbai

European aviation major Airbus, which is facing flak here over the Pratt & Whitney engine issues in its A320 Neo planes, today said it has appointed Anand E Stanley as its India unit head. Stanley's appointment will be effective from October 1, the company said in a release. A global aerospace and...


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K’taka CM plants paddy saplings in solidarity with agriculturists

12 Aug 2018 | Kestur Vasuki | Bengaluru

Karnataka Chief Minister HD Kumaraswamy who is facing wrath from the farmers in the State, in an appealing gesture planted paddy saplings in solidarity on Saturday. He chose Aralukuppe village in Mandya district the heart land of vokkaliga politics sowed paddy saplings in a muddied agriculture field amidst a large gathering...

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Students felicitated for outstanding leadership on I-Day

18 Aug 2018 | PNS | lOHARDAGA

Four ministers of School Children’s Parliament of Govt Middle school Narauli were felicitated for their outstanding leadership and excellent services in school management on the occasion of 72nd Independence Day. After the flag hoisting programme President Ramdayal Oraon, Prime Minister Sheela Oraon, Education Minister Anjali Oraon and Nutrition Minister Chandmuni Oraon were given certificate of appreciation and Oxford English Grammar book as prize...

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