Healthy inflow of Foreign Institutional Investment and supportive global markets aided the Indian market to start in the green on Thursday. The benchmark Sensex opened at 38,647.44, higher from its previous close of 38,598.99....
US stocks ended lower, as Wall Street digested a batch of mixed data, including an unexpected fall in US retail sales in September, stoking worries over a potential economic downturn in the country. The Dow Jones Industrial Average was down 22.82 points, or 0.08 per cent,...
Chief Economic Advisor (CEA) Krishnamurthy Subramanian on Wednesday said that it is the right time to invest in the country as labour cost and other expenditures would be lower due to the slowing economy and it is investment which would spur economic growth....
In a bid to strengthen its position in 5G edge computing market, Intel is all set to acquire the Smart Edge platform from Canada's Pivot Technology Solutions Inc., an IT infrastructure and service provider. Edge computing is an opportunity that is accelerating with the rollout of 5G ...
Swedish telecom gear maker Ericsson on Wednesday signed a deal with Bharti Airtel to deploy its 5G-ready Cloud packet core in the domestic telecom major's network in the country. The deployment would enhance capacity in Airtel's network and enable it to ...
Finance Minister Nirmala Sitharaman has accused former Prime Minister Manmohan Singh of leaving behind "a nasty stink of corruption" in the public banking sector, which suffered its "worst phase" under him and former Reserve Bank Governor Raghuram Rajan. During Rajan's tenure "loans were given just based on phone calls from crony ...
In what could give the ongoing bitter war between Cloud majors Oracle and Amazon Web Services (AWS) a rest, Amazon has announced it has completely shed legacy Oracle databases and its entire consumer business is now running on its own AWS databases. "I am happy to report that this database migration effort is now complete. ...
Despite aggressively deleveraging the balance sheet to the tune of Rs 1,40,000 crore through monetisation of several key assets, the existing businesses of Essar Group in the sectors of energy, infrastructure, metals & mining, services and technology, have a combined revenue of $13 billion, or almost Rs 100,000 crore, said Essar Capital Direct...
The outlook for the Indian economy for the current fiscal seems to get bleaker by the day as major economic forums and institutions have of late revised the country's GDP forecast downwards, with the International Monetary Fund (IMF) being the latest in the fray....
Software major Wipro on Tuesday reported Rs 2,550 crore net profit for the second quarter (Q2) of fiscal 2019-20, registering 35 per cent growth over the same period last year. ...
