LG to launch IoT enabled ceiling fans in Indian market by June

Feb 18 2018 | 4 hrs ago

South Korean consumer electronics maker LG would foray into the premium ceiling fans segment this season, which will have advance features such as IoT technology.

Dashed hopes for Mexico oil boom leave Gulf Coast hotels idle

Feb 16 2018

Prices are now rebounding, and the govt forecasts that some of the world’s largest oil companies will ultimately invest about $150 bn in Mexico.

IBM eyeing BFSI, telecom sector for growth in India

Feb 14 2018

When it comes to digital transformation, sectors like BFSI and telecom, will become the growth engines for India and IBM is ready to meet the tech requirements, says IBM.

Omate partners with Tata Comm for secure smartwatch for kids

Feb 13 2018

Omate announced a partnership with Tata Communications to equip its new "Omate x Nanoblock" smartwatch for kids with enhanced security features.

BJP seeks Rajnath's nod for Tytler's prosecution in '84 riots case

Feb 09 2018

A BJP delegation met Rajnath Singh demanding immediate prosecution of Congress leader Jagdish Tytler on the basis of fresh evidence in the 1984 anti-Sikh riots case.

Popular TV App JioTV to broadcast Winter Olympics Games

Feb 08 2018

Popular TV App JioTV announced it has been awarded India digital rights of the upcoming Winter Olympic Games by the International Olympic Committee (IOC).

Aeris Communications launches IoT solution for social sector

Feb 06 2018

Tech firm Aeris Communications announced the launch of an exclusive Internet of Things (IoT)-based solution developed for the social/not for profit sector.

Cyprus heads back to polls for presidential runoff

Feb 04 2018

Greek Cypriots headed back to the polls in a runoff presidential vote between an incumbent conservative pledging to reenergize talks at ending the island’s division.

'Telecom sector can attract $100bn investment under NTP 2018'

Feb 02 2018

The telecom sector should be able to address global requirements and attract investments of about USD 100 billion by 2022 under the new policy in works.

AstraZeneca profit outlook disappoints, despite drug sales growth

Feb 02 2018

AstraZeneca expects to return to drug sales growth in 2018 as new medicines win market share and the group puts patent losses behind it.

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US dollar ends higher against rupee

Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.

Following are the Interbank forex and RBI rates: (In Rs per unit) Unit   Interbank   RBI Reference US Dollar  64.21/22  US Dollar  Rs 63.9097 Pound Sterling  90.34/36  Euro       Rs 80.1683 Euro   80.18/20 Japanese Yen (100) 60.50/52



Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors

Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share


To invest in Zoomcar India, Zoomcar Inc, U.S.

To invest Rs 176 cr in Zoomcar India

Initial investment in Zoomcar India likely to be completed by Feb 20

Additional investment in Zoomcar India expected to be completed by Aug 31

Co’s stake to increase to 16%


RBI inspection had found diversion of funds within group firms

Funds to the tune of Rs 525 cr given to intermediary borrowing cos

Religare Finvest increased corporate loan book against RBI’s directions

RBI has asked for clarity on rollover of fixed deposits with a bank

Findings suggested continued weakness of internal controls

Economic Times Reports


SC Allows Sale Of Fortis Health Shares Pledged With Lenders

SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis

Earlier, SC had restrained financial institutions from selling pledged shares

Business Standard Reports


Granted European GMP certification from Hungarian regulators for Mfg plant at Goa

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