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Shriram EPC Surges 16% On Plan to Convert Debt Into Equity

Shriram EPC approved plan to convert working capital loan into equity shares (Representational image) Shares of Shriram EPC surged as much as 16 per cent to Rs 29.60 today after the company’s board approved the conversion of Rs 1,280 crore working capital loan into equity shares as part of corporate debt restructuring package. The board of the Chennai-based firm, which ... Read More »

Greaves Cotton Surges On Foray Into Spare Parts Business

Shares of engineering firm Greaves Cotton jumped as much as 8 per cent to hit intraday high of Rs 149 after the company announced foray into multi-brand spare parts business. Greaves Cotton is into the business of manufacturing of petrol/diesel engines, farm equipment and gensets. The company said the size of the spare part market that it wants to address ... Read More »

Sensex Snaps 4-Day Rally, Ends 106 Points Lower On Selloff In IT Stocks

Sensex snapped 4-day winning streak on Friday as blue chip Infosys fell as much 9 per cent after the software services exporter posted disappointing results and slashed revenue forecasts. Bigger rival Tata Consultancy Services also fell, even as it reported a more upbeat quarterly profit than Infosys, as investors were concerned about its outlook, given the potential impact from the ... Read More »

NSE Lists Renewable Energy Firm KKVAgro Powers On SME Segment

Mumbai: Leading stock exchange NSE on Friday listed KKVAgro Powers as the 17th company on its platform for small and medium enterprise. The Tamil Nadu-based company is also the first renewable energy sector company to list on NSE’s SME segment — EMERGE. As per a statement by the exchange, the listing signifies India’s thrust and growing interests in the green ... Read More »

Xiaomi’s Redmi Note 4 Smartphone Expected to Launch on July 27

Chinese handset maker Xiaomi has started teasing an upcoming launch event on July 27 where the company is rumoured to launch its next Redmi smartphone. The teaser invite shared on Weibo reveals that Xiaomi is inviting fans to purchase the tickets for Beijing event on July 27. Based on a recent leak, Xiaomi is rumoured to introduce its next Redmi ... Read More »

Facelifted Maruti Suzuki Alto 800 Takes on New Datsun redi-GO and Renault Kwid

Suddenly there seems to be a lot of action in the small car market. This is the highest volume segment in the Indian car bazaar, and it is still clearly ruled by the mighty Maruti Suzuki. We’re seeing yet another facelift for the bestselling Maruti Suzuki Alto 800. It looks like pressure from rivals like the Renault Kwid and new ... Read More »

Facebook Explains Why Its App Doesn’t Slow Down on Older Smartphones

If you want to know why Facebook never hangs or slows down on your old smartphone, this is because a team of engineers is working to improve the functioning of the social media app 24/7. According to The Verge, Facebook’s Mobile Device Lab tests Facebook’s software on older phones to discover whether any bit of a new code, no matter ... Read More »

Apple, Cisco Collaborate on Technology Integration

Technology giant Apple is working on plans to facilitate integration of Cisco’s Spark business collaboration service with iPhones in an effort to offer enterprise customers a better calling experience over Internet. Apple chief Tim Cook has said the company is making iOS devices to work better on Cisco technologies than any other mobile platform. “With iOS 10, we are making ... Read More »

Google Given Extra Time to Answer EU Antitrust Charges on Android

Alphabet Inc’s Google has been given an extra 6 weeks to early September to respond to EU charges that it uses its dominant Android mobile operating system to squeeze out rivals, EU antitrust regulators said on Tuesday. The US technology giant found itself under fire in April as the European Commission said its requirement that mobile phone manufacturers pre-install Google ... Read More »

Android Marshmallow Now Running on 13.3 Percent of Active Devices: Google

According to the latest Google Play distribution data for the seven-day period ending July 11, the number of Android Marshmallow-based devices has gone up to 13.3 percent – showing a steady rise – while the share of Android Lollipop and Android KitKat powered devices is dropping gradually. Google’s Android Marshmallow version, which was released last year, was last month running ... Read More »