News

Flying Abroad? No Departure Cards Required From July 1

New Delhi: Indians flying abroad will not be required to fill departure cards from next month. However, those going out of the country via rail, seaport and land immigration checkposts will have to fill the embarkation card. “It has been decided to discontinue the practice of filling up of the …

News

Asian Stocks Rise As Oil Tries To Claw Up From 10-Month Low

Singapore: Asian stocks advanced on Thursday as oil prices struggled to climb off a 10-month low hit overnight on concerns over a supply glut and falling demand. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.3 percent. Japan’s Nikkei fell 0.1 percent, with shares in auto air bag maker …

News

Telecom Minister Meets Sunil Mittal, Anil Ambani; Assures ‘Corrective Steps’

New Delhi: Communications Minister Manoj Sinha today assured industry bigwigs Sunil Mittal and Anil Ambani as well as other telecom players that “corrective steps” will be taken to ensure growth of the debt-ridden sector. “The report (of the inter-ministerial group) will come soon…corrective steps will be taken by the government …

News

Airtel VoLTE Launch Appears Imminent With Support Added to Xiaomi Redmi Note 4

Last year, Reliance Jio made a groundbreaking entry in the Indian telecom industry with its rock-bottom tariff prices and began offering Voice over LTE (VoLTE) calling technology in the country. While some of Jio’s rival telcos are still busy launching new data offers, Airtel seems to be taking a step …

News

Marvel’s Kevin Feige is the internet’s latest sad boy thanks to Spider-Man

The joke started when Yahoo! Movies asked Affleck and Batman v Superman: Dawn of Justice co-star, Henry Cavill, about the negative response the film received from critics. While Cavill began to answer, Affleck looked down and spaced-out, a look that many took to assume the actor was saddened by the …

News

Asian Stocks Rise As Oil Tries To Claw Up From 10-Month Low

Singapore: Asian stocks advanced on Thursday as oil prices struggled to climb off a 10-month low hit overnight on concerns over a supply glut and falling demand. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.3 percent. Japan’s Nikkei fell 0.1 percent, with shares in auto air bag maker …

News

Telecom Sector Woes Do Not Pose Systemic Threat To Banks, Says Fitch

Mumbai: In the wake of recent liquidity crisis at Reliance Communications, global rating agency Fitch Ratings today said though the country’s banks do not have large exposure to the telecom sector, but defaults could affect lenders with weak financials. “Indian banks’ exposure to troubled telecom companies is not large enough …

News

Infosys Sued In US For ‘Discrimination’ Against Non-South Asian Employees

  BENGALURU:  A former head of immigration at IT major Infosys in the US has filed a lawsuit against the company, accusing it of “discrimination” against non-South Asian employees, and demanded a trial by jury. The law suit filed by Erin Green, before a US district Court in the Eastern …

News

Sensex Jumps Over 100 Points; Energy, Pharma Stocks Gain

Indian shares opened higher on Thursday tracking Asian shares, which advanced as oil prices climbed off a 10-month low hit overnight on concerns over a supply glut and falling demand. The BSE Sensex jumped over 130 points to 31,417 while the Nifty50 index gained nearly 35 points to 9,669. Buying …

News

GST rates neutral for most segments of the textile industry: ICRA

The Goods and Services Tax (GST) Council announced rates for the textile and other pending categories on June 3, 2017, moving one step closer to the proposed implementation of the new tax regime with effect from July 1, 2017. While rates for most commodities were announced on May 19, 2017, …