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56 seconds ago
Wipro net flat yearly, 16% up quarterly in Q1

Bengaluru, July 20 (IANS) Global software major Wipro on Friday reported Rs 2,094 crore consolidated net profit for the first quarter (Q1) of fiscal 2017-18, posting flat (0.5 per cent) growth annually from Rs 2,083 crore in the same period year ago. Sequentially, however, net profit grew 16 per cent from Rs 1,801 crore quarter ago. Consolidated revenue for the quarter (Q1) under...

38 seconds ago
Trump 'ready' to intensify trade war with China

Washington, July 20 (IANS) US President Donald Trump has said he is ready to intensify his trade war with China by slapping tariffs on all imports worth $500 billion. I'm ready to go to 500, he told CNBC's Joe Kernen in a Squawk Box interview broadcasted on Friday. The reference was to the dollar amount of Chinese exports to the US in 2017 -- $505.5 billion to be exact, compared ...

31 seconds ago
Pakistan enhances security ahead of general elections

Islamabad, July 20 (IANS) The Pakistani government has enhanced security across the country, especially of the politicians and for public rallies ahead of the July 25 general elections, an official said on Friday. The government held several high-level meetings last week over the security issues in which police, the Counter Terrorism Department and intelligence agencies were directed to ...

51 seconds ago
Formalin-fish controversy rocks Goa Assembly

Panaji, July 20 (IANS) The Goa Assembly was disrupted on Friday over formalin-laced fish being sold in the state. Speaker Pramod Sawant adjourned the House till 2.30 p.m after the opposition created a ruckus when he refused to cede to their demand for an adjournment motion to discuss the issue. The controversy surrounding the use of formalin in fish has rocked the monsoon session ever si...

57 seconds ago
India-first 'two-wheeler mode' in Google Maps expands to Asia

New Delhi, July 20 (IANS) The two-wheeler mode in Google Maps that first arrived in India last December has been extended to Hong Kong, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Taiwan, Thailand and Vietnam. To be first available for Android users, the motorcycle-specific navigation will help bikers find the most suitable routes in these countries, The Verge reported late...

1 hour ago
Cloud-driven Microsoft crosses $100bn revenue for first time

San Francisco, July 20 (IANS) Riding on its growing Intelligent Cloud portfolio and early investments in Intelligent Edge, Microsoft has surpassed $100 billion in revenue for the first time in fiscal year 2018. For the fourth quarter that ended on June 30, the tech giant reported revenue of $30.1 billion and net income of $8.9 billion. Revenue has increased 17 per cent year over ...

13 hours ago
Political uncertainty, global cues weaken rupee to record closing low

Mumbai, July 19 (IANS) Domestic political uncertainty a day ahead of a no-confidence motion against the central government weakened the Indian rupee to its record low level against the US dollar on Thursday. Accordingly, the Indian rupee weakened by 42 paise against the US dollar to close at 69.05 on Thursday, from its previous close at 68.63 per greenback. Previously, the rupee ...

13 hours ago
Possibility of losing to US on exports subsidies issue: Official

Kolkata, July 19 (IANS) India faces the possibility of losing in the trade disputes with the US on its challenge to export subsidies, but the government is working on schemes to make them WTO compliant, an official said here on Thursday. We have a whole lot of challenges in World Trade Organization (WTO)... we respond strongly (but) there is a real possibility that we will lose this disp...

14 hours ago
David Cameron hails Modi's leadership

Kolkata, July 19 (IANS) Hailing Prime Minister Narendra Modi, former British Prime Minister David Cameron on Thursday said India is fortunate to have a leadership with a clear vision, but greater focus is needed on developing skills and infrastructure. India is fortunate to have a leadership with a clear vision. When I met Prime Minister Modi, I saw he had deeply thought about long-term ...

15 hours ago
Month-long dialogue series launched on waterway connectivity

New Delhi, July 19 (IANS) The Inland Waterways Authority of India (IWAI) kicked off a massive month-long public outreach initiative along river Ganga on the National Waterway-1 to create awareness and help push rural economy to connect with waterways, the government said on Thursday. As part of a month long dialogue series extending from Varanasi to Haldia, a team of IWAI held two-day lo...

16 hours ago
Weak rupee, global cues depress equity indices; rupee ends below 69 per dollar

Mumbai, July 19 (IANS) Depreciation in the Indian rupee and domestic political uncertainty subdued the key Indian equity indices on Thursday. In a major development, the rupee breached the 69 per dollar mark during the day, eroding investor sentiments in the equity market. According to market analysts, decline in the major global markets also weighed on the Indian indices.

16 hours ago
Duolingo launches Hindi course for English speakers in India

New Delhi, July 19 (IANS) After the success of its English course for Hindi speakers, the US-based free language-learning app Duolingo on Thursday announced the launch of its Hindi course for English speakers in India. Launched in India in 2014, the company recently passed 10 million users who learn languages both on mobile and the web and is among the service's top 10 largest markets wo...

18 hours ago
Nokia 3.1 Android One smartphone now in India

New Delhi, July 19 (IANS) Finnish company HMD Global, which sells the iconic Nokia brand of phones, on Thursday launched Nokia 3.1 smartphone in India for Rs 10,499. The affordable 18:9 aspect ratio smartphone with 5.2-inch HD+ display gives more content at one glance, while the 2.5D curved display is protected by damage-resistant Corning Gorilla Glass, the company said in a statement.

18 hours ago
Weak rupee, global cues depress equity indices; capital goods stocks fall

Mumbai, July 19 (IANS) Depreciation in the Indian rupee coupled with decline in the global markets subdued the key Indian equity indices on Thursday. According to market observers, heavy selling pressure was witnessed in capital goods, healthcare and IT stocks. At 3.30 p.m., the wider Nifty50 on the National Stock Exchange provisionally closed at 10,957.10 points, lower by 23.35 ...

19 hours ago
British ex-PM Cameron hails Modi's leadership

Kolkata, July 19 (IANS) Hailing Prime Minister Narendra Modi, former British Prime Minister David Cameron on Thursday said that India is fortunate to have a leadership with clear vision, adding that the country should however focus more on developing skills and infrastructure. India is fortunate to have a leadership with a clear vision. When I met Prime Minister Modi I saw he has deeply ...

22 hours ago
Digitization offers $39 bn export opportunities for Indian firms by 2022

New Delhi, July 19 (IANS) Rising digitization will unlock a potential $39 billion worth of export opportunities for Indian businesses in select verticals by 2022 -- up from $16 billion in 2017, a Google-KPMG report said on Thursday. The verticals that provides high-potential export opportunities are travel, media and entertainment, Software-as-a Service (SaaS), consumer brands and real e...

22 hours ago
Indices trade flat; weak rupee, political concerns cap gains

Mumbai, July 19 (IANS) Indian equity indices traded on a flat note during the afternoon session after opening higher on Thursday. According to market observers, a weak rupee along with domestic political uncertainty in the wake of a no-confidence motion against the central government and muted trend in Asian markets capped gains. Heavy selling pressure was witnessed in IT, capita...

1 day ago
Can India drive Apple towards world's 1st trillion dollar company?

New Delhi, July 19 (IANS) At nearly $940 billion, Apple is certainly well on the way to becoming the world's first trillion dollar company -- and the feat could be achieved as early as the end of this year with upcoming iPhone launches. The tech giant crossed the $900 billion market capitalisation mark in November last year following the launch of its super premium iPhone X and, accordin...

1 day ago
Key Indian equity indices open in green

Mumbai, July 19 (IANS) The key Indian equity market indices on Thursday opened higher despite a muted trend in Asian markets. The Sensitive Index (Sensex) of the BSE, which had closed at 36,373.44 points on Wednesday, opened higher at 36.509.08 points. Minutes into trading, it was quoting at 36,449.89 points, up by 76.45 points, or 0.21 per cent. At the National Stock Exc...

1 day ago
Domestic political uncertainty subdues equity indices

Mumbai, July 18 (IANS) Domestic political uncertainty in the wake of a no-confidence motion against the central government dragged the equity indices lower on Wednesday. Additionally, market observers said that profit booking in mid-and-small-cap stocks and heavy selling pressure in metals, automobile and banking counters also subdued the equity indices. Index-wise, the broader N...

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