Infosys to invest in second start-up
Bengaluru: Infosys would soon invest in a start-up that develops cloud-based air quality detectors. The investment is in line with the IT major’s strategy of providing support to start-ups exploring innovative products in new-generation technologies.
Hotel industry growth is expected to strengthen to 9-11% in 2015-16: Icra
Steel production in India hits 7.07 million tonne in January 2015
Kolkata: India has produced 7.07 million tonnes (MT) of steel in January 2015 reporting the fourth highest production level globally.
Tech Mahindra partners IBM to build hybrid cloud platform
Mumbai: Tech Mahindra Ltd has partnered International Business Machines Corp (IBM) to create a platform on which its developers can build web-based applications for clients. The platform will be built using IBM’s Bluemix Dedicated cloud infrastructure.
Carriage charges on STD calls halved by Telecom Regulatory Authority of India
New Delhi: The Telecom Regulatory Authority of India (Trai) slashed the carriage charge by close to half that telecom operators need to pay providers of long-distance telephony, for carrying STD calls on February 24, 2015. The regulator has put a cap of 35 paise (US$ 0.005) per minute ceiling …read more
42% of resources to go to states, Centre accepts finance commission report
New Delhi: The Government of India has accepted recommendations of the 14th Finance Commission for increasing share of states in central taxes from the current 32 per cent to 42 per cent on February 24, 2015.
Suzlon Energy completes 350 MW wind turbine deal in Brazil
New Delhi: Suzlon Energy Ltd announced that it has completed installing and commissioning 350 megawatt (MW) of wind energy in Brazil. This combined capacity includes projects located in the high wind states of Rio Grande do Norte and Ceara in Brazil.
Indian tablet market sees steady increase in Q4
Kotak Mahindra-ING Vyasa Rs 15,000-croore merger deal gets CCI green signal
New Delhi: The Competition Commission of India (CCI) has cleared the merger of ING Vysya Bank with Kotak Mahindra Bank, which would create the country’s fourth largest private sector lender.
India may extend e-visa facility to six more countries
New Delhi: India plans to extend electronic travel authorization, or its e-visa facility, to six more countries that include China, the UK, Spain, France, Italy and Malaysia.