Business

Business

Fitch raises India's FY19 GDP growth forecast to 7.8%

US multinational Fitch Ratings on Friday raised India's GDP growth forecast for the current fiscal to 7.8 per cent, up from their earlier estimate of 7.4 per cent, indicating, however, that tightening of financial conditions, global oil prices and accumulated bad loans of banks continued as headwinds to the country's growth. Releasing its latest Global Economic Outlook, Fitch also said that protectionist US trade policies are materially affecting a strong global growth outlook and that the US-China trade battle has prompted the American rating agency to downgrade its 2019 global GDP forecast.

Business

Adobe to acquire Marketo for $4.75 billion

Software major Adobe has struck a deal to acquire Marketo, a leading Cloud platform for business-to-business marketing engagement, for $4.75 billion. "The acquisition of Marketo widens Adobe's lead in customer experience across B2C (business-to-consumer) and B2B (business-to-business) and puts Adobe Experience Cloud at the heart of all marketing," Brad Rencher, Executive Vice President and General Manager, Digital Experience, Adobe, said in a statement on Thursday.

Business

Banking stocks bleed as Sensex swings 150 points

High volatility, following a likely credit crisis in the infrastructure lending and development sector, dragged the market in the red, with the S&P BSE Sensex swinging in around 1,500-point range on Friday. A plunge of over 1,100 points was witnessed on the BSE Sensex around 1 p.m, only to recover from the day's low within few minutes. Similarly, the NSE Nifty50 also recovered after dropping below the 11,000-mark.

Business

Rs 970000000000 corruption under Samajwadi Govt in UP? Akhilesh in trouble

Fresh trouble is brewing up for SP President Akhilesh Yadav. A CAG reprt has pointed out irregularities of Rs 97,000 crore in UP government's various departments during his tenure as Chief Minister. THe CAG report on the state finances between 2014 and March 2017 said that various UP government departments did not submit utilisation certificates of Rs 97,906.27 crore. According to the report the biggest defaulter was panchayati raj department which did not submit certifactes of Rs 25,4990.95 crore. Education department with Rs 25,693.52 crore was next, followed by social welfare department with Rs 26,927.49 crore.

Business

You can get FREE petrol here

With the petrol prices breaking new record on a daily basis, people it seems have become creative in their expression of anger. Ironically, petrol prices have become means to earn more money. In a unique way to piggy back the spiralling petrol prices, a bakery shop in Tamil Nadu is boosting sales. The bakery offers FREE petrol with cakes. A bakery Ad on social media assures "free petrol" with 1 kg of cake. "Free 1 litre of petrol with 1 kg birthday cake or bill amount of Rs 495," goes the advertisement. Earlier, many couples were gifted petrol as wedding gift in the state.

Business

Samsung's super watch.. Know features

Samsung India on Friday launched a "Galaxy Watch" with lifestyle functions like stress and sleep-monitoring capabilities. The Watch comes in two variants -- the 46mm version priced at Rs 29,990 and the 42mm version at Rs 24,990, Equipped with Samsung's trademark circular, rotating bezel user interface (UI), an analog watchface and an "always-on-display", the smart watch is powered by "Exynos 9110 Dual core 1.15GHz" processor.

Business

Jio Dhamaka.. Kohli on your mobile.. Know details

Reliance Jio on Friday announced a five-year partnership with Star India to stream cricket matches featuring India. Under the tie-up, JioTV and Hotstar users in India would be able to view all televised India-cricket matches, a Reliance Jio statement said. Along with international matches, the partnership would also cover the "premier domestic competitions of the BCCI", the statement said.

Business

Kashmir links to funding of 26/11 Mumbai attack..ED to grill Dubai bizman

The Enforcement Directorate is planning to question Dubai-based hawala operator, Naval Kishore Kapoor, who is currently lodged in Tihar Central jail here, to find details of funding which emerged out of the 26/11 Mumbai terror attacks. A senior ED official, privy to the probe, told IANS requesting anonymity that the agency had obtained permission from the special NIA court in Delhi to question the hawala operator on November 11. Kapoor was arrested by the National Investigation Agency (NIA) on July 16 this year. According to probe officials, the NIA is looking into the funding aspects of the Mumbai attacks in which the Pakistan-based Lashkar-e-Taiba chief, Hafiz Saeed, is involved. In all, 164 people had died in the terror attack carried out by militants who came from Pakistan. According to the ED official, the grilling of Kapoor was required as the NIA probe had revealed a lease agreement signed in 2014 between him and Kashmiri businessman Zahoor Ahmed Watali who was arrested by the counter-terror probe agency on August 17, 2017.

Business

Google still allowing third-party apps read your Gmail

After facing a backlash over reports in July that third-party app developers can read your Gmail, Google has once again defended its policy to allow third-party apps to access and share data from Gmail accounts. According to a CNNMoney report on Thursday, Gmail lets third-party developers integrate services into its email platform. "Developers may share data with third parties so long as they are transparent with the users about how they are using the data," said the report, quoting from a Google letter sent to the US Senators.

Business

Sensex recovers 900 pts after plummeting 1,100 pts; Nifty reclaims 11,100

The BSE Sensex recovered nearly 900 points after plummeting over 1,100 points within a matter of minutes in afternoon session on major selloff in finance stocks, despite firm global cues and rupee recovery.

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