Page 28 - Video Gallery

Agriculture sector should be top most priority in upcoming Budget: ASSOCHAM India

New Delhi, Dec 10 (ANI): The Associated Chambers of Commerce of India (ASSOCHAM) on Sunday opined that agriculture sector needed the maximum of the government's attention and that it should be the top most priority in the upcoming Budget, as it has seen a major setback in Kharif production, leading to overall laggard growth of the sector in the country's GDP performance for the second quarter of the current fiscal. While the year-to-year agriculture Gross Value Addition (GVA) growth for the July-September quarter of 2017-18 dropped to 1.7 per cent from 4.1 per cent, measured on basic prices, the fall looks quite sharp at current prices from 10 per cent to 3.7 per cent. It is attributed to a decline in food grain production by 2.8 per cent in second quarter of the current fiscal from a handsome growth of 10.7 per cent in the similar period of 2016-17. "Surely, shortfall in the second leg of the Monsoon seems to have its impact on the Kharif production. Besides, distress in prices of sev

India's export of software services increased by 10.3% in 2016-17: RBI

New Delhi, Dec 10 (ANI): The Reserve Bank of India (RBI) in its recently released annual survey on "computer software and information technology enabled services (ITES) exports" has revealed that India's total export of software services increased by 10.3 percent to USD 97.1 billion. In 2015-16, India's total export of software services excluding exports through commercial presence was USD 88 billion. "Exports of computer services remained the dominant component, with private limited companies and public limited companies holding equal shares in exports during the year," the survey stated providing insights on various characteristics of India's exports of software services. For 2016-17 round of the survey, 7,506 IT companies were approached, out of which 1,362 companies (accounting for 81.2 percent of the total software exports) responded. Exports of the remaining companies were estimated by using the distribution pattern after classifying them in four groups of IT services, business p

General Electric to cut 12,000 jobs

New Delhi, Dec 08 (ANI): American multinational conglomerate General Electric has announced axing 12,000 jobs at its global power business in an effort to shrink itself into a more focused company. Majority of these 12,000 jobs will be axed in Switzerland and Germany. GE says demand for new thermal power plants dramatically dropped and traditional power markets, including gas and coal, have softened. The job cuts are part of GE's global plan to save $1 billion in 2018.

Paytm unveils FASTag for hassle free toll plaza experience

New Delhi, Dec 4 (ANI): Paytm Payments Bank unveiled Paytm FASTag on Monday to enable motorists pay toll taxes electronically on highways. Paytm rolled out FASTag payments after government made it compulsory for all four wheelers sold from Dec 1 to be equipped with FASTag for hassle free commuting near toll plazas. The FASTag can be simply placed on the windscreens of the vehicles which will work on Radio Frequency Identification (RFID). FASTag will help motorists to pass through 380 toll plazas across the country. The project will run under partnership between Paytm and National Highway Authority of India (NHAI).

Quantta Analytics, Optimus join hands for person-based data operating system

New Delhi, Dec 02 (ANI): Quantta Analytics and Optimus have announced a global partnership that will deliver full-stack data platforms to global markets, including India, Australia, Africa and the United States. Quantta Analytics, which is built on the premise that data is new engine for productivity, has developed a full stack technology platform integrated with the first complete dataset that can be leveraged to make decisions about audiences in India. Quantta Analytics has built one of the largest databases of the Indian economy in last four years. Optimus has designed and delivered data-driven strategies for leading Presidential and Gubernatorial campaigns, 500 companies, and non-profits around the globe. The team at Optimus has used data science to achieve an 88 percent win-rate to date.

Wall Street indices plunge on Russia probe

U.S., Dec 02 (ANI): The Wall Street fell on Friday as a former national security advisor Michael Flynn pleaded guilty for lying to the FBI. The Dow went down more than 350 points at its nadir. Wall Street erased some of those losses after Senate Republican leader Mitch McConnell said he had enough votes to pass the tax bill in the Senate. Tech shares dropped for the second time in three sessions. Weighing on the Nasdaq: Apple and Amazon. Falling tech and financial shares pulled the major markets lower in Europe.

Nissan sues India over outstanding dues, seeks over $770 million

New Delhi, Dec 01 (ANI): Japanese automaker Nissan Motor has begun international arbitration against India and has sought over $770 million in connection to a dispute over state incentives. Last year, Nissan sought payment of incentives due from the Tamil Nadu Government as part of a 2008 agreement to set up a car manufacturing plant in the state. The automaker said that its repeated requests to Tamil Nadu officials were overlooked and even a plea by company's chairman, Carlos Ghosn, turned futile. Officials from several ministries assured Nissan that payment would be made. In August, Nissan gave India an ultimatum to appoint an arbitrator. Other automakers, including Ford and Hyundai Motor, have set up production hubs in the state.

Sears Holdings Corporation's shares soar as loss narrows, sales continue to drop

New Delhi, Dec 01 (ANI): Sears Holdings Corporation suffered a third-quarter loss as the ailing department-store faces a critical test during the holiday shopping season. The iconic department store chain shut down many of Kmart and Sears stores and lowered its operating costs. Though shares of Sears surged on the news, but they've dropped more than 50 percent this year. Once the largest U.S. retailer, Sears warned earlier in March that it could file for bankruptcy. The American holding company has not been able kept up with online competitors like Amazon. Sears' sales have been falling for years, with third quarter numbers marking its 24th straight decline.

NSDC, Arvind Ltd. to train around 20,000 youth under Pradhan Mantri Kaushal Vikas Yojana

New Delhi, Nov 30 (ANI): The National Skill Development Corporation (NSDC) on Thursday announced its collaboration with Arvind Limited to train around 20,000 youth under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) by 2020. Committed to empower the youth with employable skills, Ministry of Skill Development and Entrepreneurship (MSDE) through its implementation agency, however began its first batch in Bangalore. Under this collaboration, Arvind Limited (Arvind Mills), a leading exporter, supplier and manufacturer of ready-made garments will be the training provider and will offer its infrastructure, space, training facilities and machinery for the skill training. The admissions would be open to all skill training seekers, especially the unemployed youth in the age group of 18 to 35 years. An integrated skill development program under PMKVY, the association entails skill training and further placements being facilitated by Arvind Limited through its nine training centres in Karnataka

Watch: FM Arun Jaitley speaks on GDP

New Delhi, Nov 30 (ANI): Union Finance Minister, Arun Jaitley on Thursday said that this quarter's positive result has been impacted significantly by the growth in 'manufacturing'. The Union Minister, who was addressing a press conference in the national capital, added that last five quarters witnessed a downward trend, which marks reversal of that trend.

GDP to grow upwards in 3rd, 4th quarters: FM Arun Jaitley pins hope

New Delhi, Nov 30 (ANI): Union Finance Minister, Arun Jaitley, on Thursday pinned hope that the GDP's growth movement will be 'upwards' in the upcoming third and fourth quarters, by all trends. The Union Minister was addressing a press conference on the declining GDP in the Indian economy.

Tech stocks drag down Nasdaq

New Delhi, Nov 30 (ANI): Investors fled high-flying tech stocks and shifted to banks, pulling down the Nasdaq Composite Index and driving the Dow to a record high on Wednesday. Bank stocks and strong economic data lifted the Dow to record territory. But a drop in tech stocks dragged down the S and P and Nasdaq. Bitcoin topped $11,000. The crypto currency gained more than $1,000 in just 12 hours, stoking concerns of a bubble. British stocks fell on reports of a breakthrough in Brexit talks, but other European markets rebounded slightly.

No country except India has women heading 40 % of banking sector: Chanda Kochhar

Hyderabad, Nov 28 (ANI): ICICI Bank CEO, Chanda Kochhar, on Wednesday said that barring India, there is no country where 40 percent of the banking sector is headed by women. "There is no other country in the world other than India where 40% of the banking sector is headed by women", Kochhar asserted. She was addressing a gathering during the Global Entrepreneurship Summit 2017 being held in Hyderabad. ICICI Bank is India's largest private sector bank.

Banks lead Wall St to a high, helped by Powell comments

New Delhi, Nov 29 (ANI): The Wall Street hit new records on Tuesday led by bank stocks as investors seized on strong consumer confidence data and comments from United States President Donald Trump's nominee to lead the Federal Reserve, Jerome Powell. Bank stocks like JP Morgan Chase and Bank of America were fuelled by his comments on interest rates and deregulation. The Conference Board's consumer confidence index also surged to a near 17-year high in November. The shares of the restaurant chain, Buffalo Wild Wings, flew higher after the owner of Arby's, Roark Capital bought it for about USD 2.4 billion. European shares were boosted by gains in Royal Dutch Shell and online retailer Ocado.

Meredith Corporation to buy Time Inc. for nearly $3 billion

New Delhi, Nov 28 (ANI): The U.S. media company Meredith Corporation is all set to purchase Time Inc. for nearly $3 billion. New York-based Time Inc. publishes some of the most popular magazines, including Time, People and Sports Illustrated. The deal was made possible by a $650 million injection from billionaire brothers Charles and David Koch. According to Meredith, the Kochs will neither have a seat on its board nor will they have any influence on editorial or managerial operations.

October GST collections slip to Rs 83,346 crore from Rs 92,000 crore in Sep

New Delhi, Nov 28 (ANI): The latest GST collections figures show a significant 10 percent decline in India's goods and services tax collections. The GST collections in October fell to Rs 83,346 crore from more than Rs 92,000 crore September. "95.9 lakh taxpayers have been registered under GST so far, of which 15.1 lakh are composition dealers who are required to file returns every quarter," the government said in a release. "50.1 lakh returns have been filed for the month of October till 26th November 2017." The Centre held several factors responsible for the drop, including additional Integrated GST (IGST) collections in July, August, and September. Other factors include the reduction in tax rates on some items and lower compliance. With more wide-ranging rate reductions to be implemented in November, collections may decline further in the coming months.

Bitcoin rockets to new high at record $10,000 in sight

New Delhi, Nov 28 (ANI): Cryptocurrency bitcoin has soared record high and is just a few percent away from the 10,000 dollar mark. Bitcoin's seemingly unstoppable ascent continues, gaining more than a fifth in value over the past three days alone. The digital currency has seen an eye-watering tenfold increase in its value since the start of the year. Bitcoin surged 4.5 percent on Monday to trade at $9,687 on the Luxembourg-based Bitstamp exchange. Its price has been helped in recent months by the announcement that the world's biggest derivatives exchange operator CME Group will start offering bitcoin futures.

Amazon CEO Jeff Bezos' net worth surpasses 100 billion dollars

New Delhi, Nov 27 (ANI): Chief Executive Officer of Amazon, Jeff Bezos net worth surpassed whopping 100 billion after a great bump in stock price of one of the biggest e-commerce planet in the planet. Amazon CEO was dubbed as the richest man on the planet this year. The sudden jump in the price of Amazon on Black Friday helped Jeff Bezos to surpass the 12-figure mark. He is second on the list to surpass the list, earlier, Microsoft and co-founder Bill Gates hit the mark in 1999.

China-based company WaliMai develops smart label to beat counterfeiters

New Delhi, Nov 26 (ANI): China-based company WaliMai has developed smart labels to beat the counterfeiters selling brand replicas at lower rates. These RFID-based anti-counterfeit labels are fixed to a product and indicated that the product is genuine. Counterfeiting is a big business in China creating trouble for genuine brands and buyers. From designer handbags to cosmetics, from food to medicines, these counterfeiters provide almost all kinds of products. There is 'banking-level' security inside the label that has embedded RFID chip with a re-writable memory. This formula is thought to make it virtually impossible to counterfeit. Each label is single use; and is destroyed when the product is opened. These WaliMai's smart labels will soon be used on alcohol bottles. The company hopes the technology could one day help tackle the huge global problem of counterfeit pharmaceuticals.

Uber to disclose price on SoftBank deal early next week

New Delhi, Nov 26 (ANI): Uber Technologies Inc plans to move ahead with a deal to bring in Japanese technology company SoftBank Group Corporation as a major investor by disclosing the pricing early next week in formal tender offers to the ride-hailing service's investors. Investors will have 20 business days, or about a month, to respond to emails and letters to be sent early next week. SoftBank and Dragoneer Investment Group agreed on Nov. 12 to lead a group that would invest as much as $10 billion in Uber. Selling shareholders must be accredited investors as defined by U.S. regulations and hold at least 10,000 shares of the firm.