Business

Business

Adidas to use only recycled plastic by 2024

Global sportswear maker Adidas announced that it has committed to using only recycled plastic by 2024.

Business

Walmart expands Microsoft partnership to boost digital footprint

Aiming to make shopping faster and easier for millions of customers, cash-and-carry major Walmart on Tuesday announced a five-year strategic partnership with Microsoft.

Business

OnePlus 6 update brings 'Google Lens' in camera app

China-based smartphone manufacturer OnePlus on Tuesday said it has started rolling out the next software update that comes with support for "Google Lens" functionality on OnePlus 6's native camera app.

Business

Jet Airways places additional orders for 737 MAX aircraft

Airline major Jet Airways has placed an additional order for 75 jets of Boeing "737 MAX 8" aircraft during the 2018 Farnborough International Airshow.

Business

Rs 1630000000 black cash, 100 kg gold seized..links with CM suspected

In one of the biggest recoveries till date, the Income Tax (IT) department has seized Rs 163 crore cash and about 100-kg bullion, following raids at multiple premises of a road construction firm in Tamil Nadu, officials said. The searches were launched on Monday at the premises of Ms SPK and Company, a partnership firm engaged in roads and highways construction on contract from the government.The raids followed after IT officials found "evidence of suspected tax evasion by the firm and its associates". Sources say that those raided have strong political links. Tamil Nadu CM directly oversees the Department of Highways and Minor Ports. Earlier the DMK had alleged that contractor Nagarajan was doing benami business for TN CM.

Business

Hyundai Motor India to hike GRAND i10 prices

Automobile major Hyundai Motor India (HMIL) on Tuesday said that it will hike the prices of its "GRAND i10" by up to 3 per cent due to increase in input and material costs.

Business

Rupee strengthens 21 paise to trade at 68.36 against US dollar

The rupee strengthened 21 paise to trade at 68.36 against the US dollar in morning session at the interbank forex market today.

Business

Rs 18,0000000000 earnings from Basmati exports

India has earned over Rs 18,000 in foreign exchange every year from export of Pusa basmati 1121 rice variety, developed by Indian Council of Agricultural Research (ICAR), Agriculture Minister Radha Mohan Singh said on Monday.

Business

IMF projection: India to outperform China

The International Monetary Fund (IMF) cut India's growth projections for this fiscal year to 7.3 per cent and for the next to 7.5 per cent on Monday, although the country will still retain its top spot in the global growth league.

Business

IMF cuts India's growth projection, but it still retains world's top spot

The International Monetary Fund (IMF) cut India's growth projections for this fiscal year to 7.3 per cent and for the next to 7.5 per cent on Monday, although the country will still retain its top spot in the global growth league. But "India's growth remains quite robust into the future; it is down but growing very strongly", said Maury Obstfeld, the director of the IMF's Research Department. The World Economic Outlook (WEO) Update reduced by 0.1 per cent the projections made in April for this year and by 0.3 per cent for 2019. At the news conference to release the report in Washington, Obstfeld explained the downgrade by saying that while the main factor is the rise in oil prices, "the general tightening in general global financial conditions is (also) playing a role in affecting India's growth".

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