Business

Tech Mahindra teams up with Microsoft to curb spam calls


New Delhi, Aug 27: Software major Tech Mahindra on Monday announced its partnership with Microsoft to create a Blockchain-based solution to fight the spam call menace.According to the Telecom Regulatory Authority of India (TRAI), unsolicited commercial communication (UCC) or spam calls are a major nuisance to telecom subscribers across the country. TRAI has been...

US stocks close higher amid economic data


New York, Aug 25: US stocks closed higher as investors digested a batch of economic data.The Dow Jones Industrial Average on Friday rose 133.37 points, or 0.52 per cent, to 25,790.35. The SP 500 was up 17.71 points, or 0.62 per cent, to 2,874.69, Xinhua news agency reported. The Nasdaq Composite Index increased 67.52 points,...

Banking sector facing serious crisis on macroeconomic front: Mitra


Kolkata, Aug 24: Raising concern over rising non-performing assets (NPA), West Bengal Finance Minister Amit Mitra on Friday said the banking sector is facing a serious crisis on the macroeconomic front.He also said that credit availability to micro, small and medium enterprises (MSMEs) is getting squeezed as many public sector banks are restrained from...

RCOM’s $300-mn Bondholders’ approve ‘Tender and Exchange’ offer


Mumbai/London, Aug 24: Reliance Communications (RCOM) Bondholders have approved the Tender and Exchange offer of $300 million Bonds, the company said on Friday.According to the company, the offer got the approval of an overwhelming majority of over 83 per cent of Bondholders at a meeting held in London. Pursuant to the offer as approved, the...

Equity indices end in red on global cues, weak rupee


Mumbai, Aug 24: The key Indian equity indices closed in the negative territory on Friday, tracking broadly negative cues from the global markets. Weakness in the Indian rupee also dampened the sentiments in the domestic market, analysts said.Heavy selling pressure was witnessed in the banking, capital goods and auto stocks during the day. Market sentiments...

Tata Sons cannot force Cyrus Mistry to sell his shares: NCLAT


New Delhi, Aug 24: In a partial relief to Cyrus Mistry, the National Company Law Appellate Tribunal (NCLAT) on Friday stated that Tata Sons cannot force him to sell his shares.However, the two-judge bench headed by Justice S.J. Mukhopadhyaya, declined Mistry's appeal to stay the conversion of Tata Sons into a private company. The court...

Ashok Leyland bags defence tender


Chennai, Aug 24: Commercial vehicles major Ashok Leyland Ltd on Friday announced bagging a defence tender in the tracked vehicle space.In a statement issued here, the company -- the largest supplier of wheeled military vehicles to the Indian Army -- said it will collaborate with the Combat Vehicles Research and Development Establishment (CVRDE), Chennai...

Facebook hires top HP executive as Chief Marketing Officer


San Francisco, Aug 24: Facebook on Friday announced to hire Antonio Lucio, currently Global Chief Marketing and Communication Officer at HP Inc, who will work across the social media giant's family of apps, including WhatsApp and Instagram.Lucio will report to Facebook Chief Product Officer Chris Cox and will be part of Chief Operating Officer...