Future

Fuel Prices, RBI Policy To Fuel Passenger Vehicle Demand In 2017: Fitch

Chennai: Low fuel prices coupled with an accommodative monetary policy from the Reserve Bank of India (RBI) is what credit rating agency Fitch Ratings expects to support demand for passenger vehicles in 2017. According to Fitch, the demonetisation of 500/1,000-rupee notes would impact sales of luxury cars and not sales of other automobiles — two wheelers, small cars and commercial ... Read More »

Government of India Invites Tesla to Make in India

Yes, you read that right. The Government of India has invited Tesla Motors to make India its manufacturing hub for Asian markets. Now Tesla, which is well known for making brilliant electric cars, has always had its eye on entering the Indian market, however, the automobile market here has not yet matured and hence electric cars do not get a ... Read More »

FBI makes a decision Provisionally no longer to proportion iPhone Hack approach: reports

The FBI has provisionally determined no longer to percentage an iPhone unlocking mechanism used by a contractor to open the smartphone of one of the San Bernardino shooters due to the fact the employer does not very own the mechanism, US authorities sources said on Tuesday. The FBI is anticipated within days to jot down to the White residence explaining ... Read More »

Vijay Mallya Offer Rejected, Top Court Asks Him ‘When Do You Return?’

The lenders met on April 2 to discuss Mr Mallya’s offer of paying Rs 4,000 crore by September A group of banks have told the Supreme Court that they have rejected businessman Vijay Mallya’s offer to repay Rs 4,000 crore, less than half of what his defunct Kingfisher Airlines owes them. The lenders, led by State Bank of India (SBI), ... Read More »

Oculus Rift May Offer Better High-End Quality Than PS VR, Admits Sony Executive

After years of hype and development, high-end virtual reality (VR) headsets will make their way to consumers starting with the Oculus Rift this month, in 20 countries around the world. Sony’s PlayStation VR (PS VR) is one of its biggest competitors, and Sony Computer Entertainment vice president Masayasu Ito pointed out this week why he thinks its creation will be ... Read More »

Tough To Achieve Double-digit Growth Given Global Headwinds: Arun Jaitley

New Delhi: Asserting that its “extremely difficult to achieve double-digit growth in the current global environment, Finance Minister Arun Jaitley on Thursday said there is a scope for improvement from the current rate if reforms are carried on. “I don’t claim that it is possible in this global environment to come any where close to double-digit growth. It’s extremely difficult, ... Read More »

Pay Hikes in 2016 to be Slightly Lower at 10.3%: Study

New Delhi: Employees in India can expect an average pay increase of 10.3 per cent across various job roles in 2016 with chemicals and high technology industries likely to lead the market in terms of salary hikes. According to a research by Hay Group division of Korn Ferry, the 10.3 per cent pay rise across sectors represents a slight dip ... Read More »

Microsoft Cancels Fable Legends, May Shut Down Lionhead Studios

Microsoft has announced it’s cancelling development on co-operative action role-playing game, Fable Legends. In addition to this, it’s considering to close the UK-based Lionhead Studios responsible for its development. Lionhead was acquired by Microsoft in 2006 after a string of solid games such as Black & White, Fable, and The Movies. “After much consideration we have decided to cease development ... Read More »

HMT Shares Soar 20% on Revival Plan Of Subsidiary

Shares of HMT rose sharply by 20 per cent on Friday as the government is eyeing revival of HMT Machine Tools. The stock advanced by 18.61 per cent to Rs. 49.70 on BSE. On NSE, shares of the company jumped 19.92 per cent to Rs. 49.95. “Having closed down three of its subsidiaries, we are now looking to revive HMT ... Read More »

Sensex, Nifty Set for Best Weekly Gain Since 2011

Mumbai: Indian stock markets took a breather on Friday after four sessions of gains with shares swinging both ways, but the indexes were still poised for their best weekly gain in more than four years after the government unveiled a fiscally prudent federal budget. Investor sentiment has improved after the government stuck to its fiscal deficit target for the next ... Read More »