Business

  • Bank NEFT transfers will not be operational coming weekend
    Mumbai, May 17 (IANS): If you planning an online money transfer using the banking system between Saturday midnight and Sunday, you are well advised to either cancel or postpone such transfers. The Reserve Bank of India (RBI) on Monday said that due to NEFT system upgrade, this service will not be available from 00:01 hrs to 14:00 hours on Sunday, May 23, 2021. This would mean that during this period any money transfer involving NEFT system would not be available for use by bank c
  • TAIPA writes to CMs for priority vax for telecom workers
    New Delhi, May 17 (IANS): The Tower and Infrastructure Providers Association (TAIPA) has written to the chief ministers of the states and union territories urging for the priority vaccination for the telecom infrastructure field engineers and technicians under frontline workers category. In a statement the telecom infrastructure body said that the whole country is facing the second wave of Covid-19 which is more intense than the previous one. In this regard, Taipa has writte
  • Are OMCs shifting to alternate day fuel price revision mechanism?
    New Delhi, May 17 (IANS): Oil marketing companies seem to be moving towards a revised fuel price revision mechanism, shifting to the practice of changing petrol and fuel rates every alternate day rather than undertaking changes on a daily basis. In the last few days, pump prices of petrol and diesel have been revised every alternate day but the practice had not helped consumers as even under this system prices have only moved up making the fuel dearer. On Monday, OMCs kept retail
  • Credit Suisse extends Rs 7.5 cr aid to hospitals in India
    Mumbai, May 17 (IANS): As India continues to face the second wave of the Covid-19 pandemic, Credit Suisse has recently committed an additional Rs 7.5 crore ($1 million) in aid to Concern India Foundation and GiveIndia, to provide financial assistance to hospitals in Mumbai, Pune, Delhi and Bangalore. The financial aid is to be utilized to procure critical medical supplies, as well as oxygen and ICU equipment for the hospitals treating Covid-19 patients. Credit Suisse has also lau
  • 1 in 2 manufacturers facing lack of skilled workers: Survey
    NEW DELHI, MAY 16 (IANS): More than 1 in 2 manufacturers around the world feel their organisation lacks skilled workers to support smart manufacturing digitisation plans, according to a new survey. Organisational complexity, integration and process reengineering are the most prevalent challenges for executing smart manufacturing initiatives. Combined, these challenges reflect the largest change management obstacles, according to the survey by market research firm Gartner. In t
  • Petrol, diesel prices rise again on Sunday
    New Delhi, May 16 (IANS): Petrol and diesel prices have increased across the four metros on Sunday after a pause for a day. In the national capital, petrol price increased 24 paise to Rs 92.58 per litre, up 24 paise from the previous level. Similarly, the price of diesel rose 27 paise to Rs 83.22 a litre. In Mumbai, Chennai and Kolkata, petrol price increased to Rs 98.88, Rs 92.67 and Rs 94.31 per litre, respectively, and that of diesel was at Rs 90.40, Rs 86.06 and Rs 88.07 per
  • Microsoft, AWS share top spot in Public Cloud Services market
    New Delhi, May 16 (IANS): Microsoft shared the top position with Amazon Web Services (AWS) as the worldwide public cloud services market grew 24.1 per cent (year-over-year) in 2020 with revenues reaching $312 billion, according to the International Data Corporation (IDC). Spending continued to consolidate in 2020 with the combined revenue of the top 5 public cloud service providers (Amazon Web Services, Microsoft, Salesforce.com, Google, and Oracle) capturing 38 per cent of the worl
  • Airtel announces benefits for low-income customers amid Covid crisis
    New Delhi, May 16 (IANS) Bharti Airtel on Sunday announced special benefits for low-income customers on its network to help them stay connected during the ongoing pandemic. As a one-time gesture, Airtel will give the Rs 49 pack free of cost to over 5.5 crore low-income customers. The pack offers a talktime of Rs 38 and 100 MB data with a validity of 28 days. "Through this gesture Airtel will empower over 55 million customers, mostly in rural areas, to stay connected and have
  • Airtel announces benefits for low-income customers amid Covid crisis
    NEW DELHI, MAY 16 (IANS): Bharti Airtel on Sunday announced special benefits for low-income customers on its network to help them stay connected during the ongoing pandemic. As a one-time gesture, Airtel will give the Rs 49 pack free of cost to over 5.5 crore low-income customers. The pack offers a talktime of Rs 38 and 100 MB data with a validity of 28 days. "Through this gesture Airtel will empower over 55 million customers, mostly in rural areas, to stay connected and hav
  • Amazon India launches free video streaming service miniTV
    New Delhi, May 15 (IANS): Amazon India on Saturday launched a free video streaming service called miniTV which will available within the Amazon Android app. The company said that ad-supported miniTV has professionally created and curated content across web-series, comedy shows, tech news, food, beauty, fashion and more. Currently available for Android, miniTV will be extended to iOS app and mobile web over the coming months. With this launch, Amazon has two video entertainment
  • India needs its own crypto unicorns: Experts
    New Delhi, May 14 (IANS): Stressing that India needs smart and sensible crypto regulation, leading cryptocurrency players in the country on Friday urged the government against the ban and sought engagement to build consensus on crypto regulation. The government earlier indicated that it would take a ‘calibrated approach' towards digital assets and formulating a Bill on cryptocurrencies. A final decision is yet to be taken. At a webinar organised by the Internet and
  • Hyundai, Kia to suspend plants next week on chip shortages
    Seoul, May 14 (IANS): Hyundai Motor and its affiliate Kia said on Friday they will suspend some of their assembly lines for several days next week due to semiconductor shortages. Hyundai Motor plans to halt the No. 5 Ulsan plant, which produces the Tucson sport utility vehicle and the Nexo hydrogen fuel-cell electric vehicle, from Monday to Tuesday and the No. 3 Ulsan plant that produces the Avante compact and the Venue subcompact on Tuesday, a company spokesman said. Hyunda
  • Petrol, diesel prices rise again, reach record highs
    New Delhi, May 14 (PTI): Petrol and diesel prices on Friday touched record high levels across the country after rates were increased for the fourth time this week. Petrol price was hiked by 29 paise per litre and diesel by 34 paise a litre, according to a price notification by state-owned fuel retailers. The increase propelled rates in Delhi to climb to an all-time high of Rs 92.34 a litre for petrol and Rs 82.95 per litre for diesel. Rates had already crossed the Rs 100-mark
  • Fuel prices rise sharply again after day's break
    New Delhi, May 14 (IANS): Maintaining its rising trend, fuel prices increased again on Friday just after a day of pause with state-owned fuel retailers hiking rates of petrol and diesel by 29 paisa and 34 paisa per litre respectively in the national capital. In Delhi, petrol now costs Rs 92.34 per litre and diesel is priced at Rs 82.95 per litre up from yesterday's level of Rs 92.05 and Rs 82.61 a litre respectively in the national capital. Across the country as well the petr
  • Jio comes up with special initiatives for JioPhone users amid pandemic
    Mumbai, May 14 (IANS): Jio has come up with special initiatives for the pandemic period including free 300 minutes of outgoing calls per month for the entire period of the pandemic, to JioPhone users who have not been able to recharge due to the ongoing pandemic. "We at Jio want to ensure that staying connected remains accessible and affordable for all customers, especially the less-privileged sections of our society," said a company statement. "Jio working with Re
  • Covid resurgence subdues equities, auto, metal stocks fall
    Mumbai, May 14 (IANS): Economic impact of Covid resurgence dented investors' sentiments during Friday's afternoon trade session. Accordingly, both indices traded in the red. On the sectoral front, other than FMCG all other sectors traded in the red. At around 1 p.m., the S&P BSE Sensex traded at 48,652.94, lower by 37.86 points from its previous close. Similarly, the Nifty50 of the National Stock Exchange traded at 14,662.75, down 33.75 points, or 0.23 per cent,
  • Airtel Payments Bank's digital platform to invest in gold
    NEW DELHI, MAY 13 (IANS): As part of its growing digital services, Airtel Payments Bank on Thursday launched a digital platform -- DigiGold -- for customers to make investments in gold, in partnership with digital gold provider SafeGold. With DigiGold, Airtel Payments Bank's savings account customers can invest in 24K gold using the Airtel Thanks app. Customers can also gift DigiGold to their family and friends, who have a savings account with the Airtel Payments Bank. "
  • YouTube TV reaches 10 mn Play Store downloads
    SAN FRANCISCO, MAY 13 (IANS): YouTube TV, a US-only streaming service that includes a number of the biggest channels and premium streaming services in one convenient package, has now hit 10 million Google Play Store downloads. The base package stands at a whopping 104 networks, which streamlines the quest for one point of access for all of your favorite shows, movies, and sports, 9To5Google reported. Cloud DVR features, support for up to six accounts and the ability to stream up
  • Google is preparing new 'desktop sharing hub' in Chrome
    SAN FRANCISCO, MAY 12 (IANS): Google is testing a new Chrome feature known as 'Desktop Sharing Hub' or 'Chrome Sharing Menu'. In essence, the company wants to streamline all the many ways you can share content from Chrome and place it into one simple interface, Android Central reported. As spotted by Chrome Story, once this new hub is enabled, users will be able to do actions like generating a QR code, sharing to devices, casting a tab and other actions that revol
  • Retail inflation eases to 4.29% in April as food prices fall
    NEW DELHI, MAY 12 (IANS): Lower food prices sequentially eased India's retail inflation in April as the Consumer Price Index (CPI) decreased to 4.29 per cent from 5.52 per cent in March. According to the data furnished by the National Statistical Office (NSO), the CPI Urban rose by 4.77 per cent last month from 6.52 per cent in March. Similarly, the CPI Rural climed by 3.82 per cent in April from 4.61 per cent in March. As per the NSO data, Consumer Food Price Index increa