Future

BoJ Launches Negative Rates, Already Dubbed a Failure by Markets

Tokyo: The Bank of Japan’s negative interest rates came into effect on Tuesday in a radical plan already deemed a failure by financial markets, highlighting Tokyo’s lack of options to spur growth as global markets sputter. The central bank, which announced the shock decision on January 29, will charge banks 0.1 per cent for parking additional reserves with the BoJ ... Read More »

Economy Growing at Over 7% Despite Weak Exports: Commerce Minister

Bengaluru: Indian economy is growing at over 7 per cent despite weakness in the exports sector, Commerce and Industries Minister Nirmala Sitharaman said on Tuesday. “India is the bright spot. Nobody is denying the (fall in) exports. Export is suffering, but the fact remains that the Indian economy is growing at over 7 per cent,” she told reporters after delivering ... Read More »

Economy Growing at Over 7% Despite Weak Exports: Commerce Minister

Commerce Minister Nirmala Sitharaman said that the brighter side of the economy lies in the fact that it continues to attract investments. Bengaluru: Indian economy is growing at over 7 per cent despite weakness in the exports sector, Commerce and Industries Minister Nirmala Sitharaman said on Tuesday. “India is the bright spot. Nobody is denying the (fall in) exports. Export ... Read More »

NHAI Plans Road Projects Worth $250 Billion in 6 Years

Mumbai: National Highways Authority of India (NHAI) plans to add around 50,000 km of road network in the next five to six years with an investment potential of nearly $250 billion (about Rs. 17 lakh crore). “We have identified around 50,000 km of road projects, which can be done over the next 5-6 years. These projects will have an investment ... Read More »

Petrol Price Cut But Diesel Gets Costlier

New Delhi: Petrol price was on Wednesday cut by 32 paise per litre but diesel rates were hiked by 28 paise per litre on global trends. Petrol in Delhi will cost Rs. 59.63 per litre from the midnight of February 17 and 18 as against Rs. 59.95 a litre currently whereas a litre of diesel will cost Rs. 44.96 as ... Read More »

Myntra Completes U-Turn With Relaunch of Mobile Website

Online fashion retailer Myntra reopened its mobile website on Tuesday, enabling first-time users to complete their purchase on a mobile Web browser. Myntra had shut down the mobile and desktop versions of its website and gone app only in May 2015, forcing users to download the app to browse or make purchases on its platform. In December 2015, Myntra had ... Read More »

Instagram Finally Adds 2-Factor Authentication

Facebook-owned Instagram has begun rolling out two-factor authentication (aka two-factor verification) feature for users. The process will prevent hackers to log in to a user’s account even if they have the ID and password. The feature is not visible in Android or iOS apps in India for now. The two-factor authentication confirmed by Instagram to TechCrunch, will work just like ... Read More »

Delhi High Court Asks Uber How Many Diesel Cabs It Has Added to Its Fleet

The Delhi High Court on Tuesday asked the app-based cab service provider Uber to apprise it of the number of the new diesel taxis it has added to its fleet after court’s order that no diesel-based cabs will be included by taxi service providers. “File an affidavit with respect to new diesel taxis you have added for carrying passenger from ... Read More »

Apple Opening Development Centre in Hyderabad, Likely to Focus on Maps

Apple has confirmed recent reports that it plans to open a technology development centre in Hyderabad. The Cupertino-based company, which is becoming increasingly focused on the second most populous nation and third largest smartphone market in the world, is likely to utilise the development centre to bolster its mapping efforts in the country. In a statement to Gadgets 360, the ... Read More »

Housejoy Acquires Fitness Startup Orobind

Home services booking portal Housejoy on Wednesday announced its acquisition of Orobind, a startup which provides a mobile app for discovery and home booking of personal fitness coaches. The terms of the acquisition were not disclosed. The entire Orobind team will also be moving to Housejoy. As a part of the deal, Housejoy has acquired the trainers of Orobind, the ... Read More »