Business

Ericsson expands end-to-end 5G platform in India


New Delhi, Sep 5: Swedish telecommunications company Ericsson on Wednesday announced the expansion of its end-to-end 5G platform in India by adding new radio products and software solutions for local service providers.The new additions to the Ericsson Radio System portfolio further enhances the agility and speed with which Indian operators can roll...

Apple dominated global wearables market in Q2 2018


San Francisco, Sep 5: Apple dominated the global wearables market in the second quarter of 2018 with a total share of 17 per cent as the market ticked up 5.5 per cent, an International Data Corp (IDC) report said on Wednesday.Cupertino-based Apple maintained its top position in the wake of continued demand...

New National Auto Policy coming soon: Minister


New Delhi, Sep 5: A new National Auto Policy is currently being readied which will lay emphasis on reducing vehicular emissions as well as on green mobility, Heavy Industries Minister Anant Geete said on Wednesday.Also in the offing is the second edition of the Centre's Faster Adoption and Manufacturing of Electric and...

Weak rupee depresses equity indices; Nifty ends below 11,500


Mumbai, Sep 5: Broadly negative global cues coupled with a weak rupee depressed the Indian equity indices on Wednesday, with the NSE Nifty50 closing below the psychological level of 11,500 points. According to market observers, heavy selling pressure was witnessed in consumer durables, capital goods and FMCG stocks. At 3.30 p.m., the Nifty50 on...

After 10 days, people get respite from fuel price hike


Mumbai, Sep 5: After recording an increase for 10 consecutive days, fuel prices across the four metros were steady on Wednesday. Both petrol and diesel prices have been touching new all-time high levels for around a week, in line with recent rise in crude oil prices. In the national capital, petrol was selling at...

RInfra’s credit profile improves; Crisil withdraws ‘D’ ratings


Mumbai, Sep 5: Reliance Infrastructure's credit profile has improved with debt liability payoffs.Ratings agency Crisil has withdrawn its 'D' ratings for the NCDs (Non Convertible Debenture) of the company totalling to Rs 710 crore. The company has repaid the NCDs from the funds received from the sale of Integrated Mumbai Distribution Business to...

RInfra-Astaldi bags Bandra-Versova sea-link project


Mumbai, Sep 4: The Reliance Infrastructure Ltd-Astaldi S.p.A.(Italy) consortium has bagged the project for the northern extension of the Rajiv Gandhi Bandra Worli Sea Link from Bandra to Versova, an official said here on Tuesday.The consortium has signed an agreement with the Maharashtra State Road Development Corporation (MSRDC) for the Rs 7,000...

ICRA downgrades Jet’s short, long term credit ratings


New Delhi, Sep 4: Financially troubled Jet Airways has flown into yet another air pocket with rating agency ICRA downgrading the company's short and long term credit facilities.The downgraded comes at a time when India's aviation sector faces the headwinds of rising fuel prices and a weak rupee amidst heavy competition and...

Amazon.in now available in Hindi


New Delhi, Sep 4: Breaking the language barrier for Indian customers, Amazon India on Tuesday launched a link for a Hindi option on its e-commerce portal 'amazon.in' available on Android and its mobile website.Launch of the Hindi shopping experience is a significant step towards bringing the next 100 million customers online, Amazon...