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KOLKATA : Luxury carmaker Audi India, which had looked at a double-digit growth this year, is now expecting that sales will be flat in 2018, following an increase in cess and hike of customs duty on some imported auto components announced in the Union Budget, an official said on Friday.

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NEW DELHI : The CBI has arrested three promoter-directors of a Vadodara-based company in connection with its ongoing investigation into a case of Rs 2,654.40 crore fraud committed on a consortium of banks, officials said on Wednesday.

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SAN FRANCISCO : Chief Executive of the electric car maker Tesla Elon Musk has said that the company will now build Model 3 sedan round the clock until the end of June to produce 6,000 cars per week.

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NEW DELHI : As global handset profits dipped 1 per cent (year-on-year) in the fourth quarter of 2017, Apple X alone generated 35 per cent of the total handset industry profits, helping the iPhone maker grow 1 per cent (YoY) in the same quarter, a new report said on Tuesday.

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BENGALURU : Ride-hailing major Ola on Monday said it would roll out about 10,000 electric rickshaws and e-auto-rickshaws in cities and towns across the country over the next 12 months for shuttle services.

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MUMBAI : Heightened geo-political tensions in the Middle East, along with broadly negative Asian markets dragged the Indian equity indices in the red during the early morning trade session on Monday.

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NEW YORK : Demonetisation was not a well-planned or well thought-out useful exercise said Raghuram Rajan, ex-Governor of Reserve Bank of India, adding that the government was cautioned about it when the idea was mooted.

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SAN FRANCISCO : Google has removed the original first-generation Google Pixel and Pixel XL smartphones from its Google Store, media reported. First spotted by Android Police, the landing page for the 2016 Pixels on Google Store now redirects to another page with just two links -- Pixel 2 and accessories for the Pixel 2.

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WASHINGTON : British banks must severe ties with Kremlin-linked tycoons if they want continued access to American financial institutions, the US has said as it ratcheted up its efforts to block Russian industrialists from doing business in the West.

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MUMBAI : Reliance Infrastructure has received a Rs 1,081 crore purchase order from Nuclear Power Corporation of India Limited (NPCIL) for engineering, procurement and construction (EPC) contract for Common Services System, Structure & Components (SSC) package and allied civil works of Unit -3 and 4 of Kudankulam Nuclear Power Project, a company statement said here on Monday.

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BENGALURU : Scarce land availability and high cost of capital make India a harder country to build a hotel in than anywhere in the world, said a top executive of an international hotel chain.

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BENGALURU : Indian e-tail major Flipkart on Thursday announced its tie-up with leading online travel company MakeMyTrip for travel bookings. "Through the partnership, users can now make travel bookings through MakeMyTrip's services using Flipkart's mobile application," an official from MakeMyTrip told IANS here.

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NEW DELHI: Hyderabad-based solar solutions provider Freyr Energy has announced the completion of 640 KW solar roof-top projects in Manipur. This also includes one of the largest and first of its kind off-grid 100 KW battery powered systems in the country located at Manipur's Central Agricultural University.

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KOCHI: Former Governor of Reserve Bank of India Raghuram Rajan on Friday said the country should enable its workforce to move out of agriculture into industry and services, as income in the latter sectors is much higher.

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NEW DELHI : After a brief hiatus, second-tier Chinese handset maker Gionee is geared up for a big splash in India with new smartphone launches amid a revamped strategy to be among the top five players in the country, a senior company executive has said.

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NEW DELHI: A leading global IT solution provider, Z-Com in association with Institute of Informatics and Communication, University of Delhi launches their collaborative project of design, development, and manufacturing of Carrier Grade Wi-Fi devices in India under the Make in India Campaign.

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BENGALURU : Taiwanese hardware and electronics brand Acer on Wednesday launched its "Predator Orion 9000" gaming desktop in India. Starting at Rs 319,999, the gaming desktop features powerful Intel Core i9 Extreme Edition processors with up to 18 cores and 36 threads and up to two NVIDIA GeForce GTX 1080Ti graphics cards, the company said in a statement.

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NEW DELHI: One motor car changed the course of automotive history. Today, the legend is re-told as Rolls-Royce Motor Cars proudly announces the creation of a collection of 35 model year 2018 Rolls-Royce Ghosts, created in homage to the original Silver Ghost's achievement.

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NEW DELHI: Cellular Operators Association of India (COAI), the apex industry association representing the country's major telecom, Internet, technology and digital services companies, recently released the latest telecom subscriber numbers, for the month ending January 2018. As per the data, India's private telecom service providers have a total of 999.33 million subscribers.

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NEW DELHI : Telecom services provider Bharti Airtel on Friday announced the availability of Samsung's latest flagship Galaxy S9 and S9+ smartphones on its online store.
Airtel's online store is a platform where prospective buyers can get budget-friendly down payment options and bundled monthly plans.

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NEW YORK:  Five-time Grand Slam tennis champion, Maria Sharapova, has experienced some monumental moments in her career: Among them are in 2004, with the life-changing win at Wimbledon, and in 2012, with the launch of her own successful candy company, Sugarpova.

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NEW DELHI: In a written message, Prime Minister Narendra Modi extended his greetings to the organisers of the 26th Convergence India 2018 expo/2nd Internet of Things (IoT) India 2018, which was scheduled to open on March 7 here at Pragati Maidan.

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NEW DELHI: On the occasion of women's day, it is delightful to see how not just government, startups are also looking at creating a comfortable system for women to turn into entrepreneurs. A lot of startups have been looking at empowering women with their special offerings. Major concerns of women over the period have been funds, safety, comfortable work environment, business opportunities etc.

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MUMBAI : Key Indian equity indices opened on a higher note on Tuesday. The wider Nifty50 of the National Stock Exchange (NSE) traded higher by 61.65 points or 0.60 per cent at 10,420.50 points.

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NEW YORK : The Punjab National Bank (PNB) is not shown as a creditor in the bankruptcy documents filed in a court in New York by three companies affiliated with Nirav Modi, who has been accused in a $2 billion-scam involving the nationalised financial institution.

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NEW DELHI: The Indian Railways announced that Merchant Discount Rate (MDR) charges will not be levied on passengers for booking railway tickets (at the railway ticketing counters as well as through IRCTC ticketing website) on payment made through debit cards for a transaction value.

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NEW DELHI: Union Finance Minister Arun Jaitley on Thursday reasserted the fact that revolutionary changes have been made in systems like Direct Benefit Transfer (DBT), Goods and Services Tax (GST), and Direct Tax system among others, by his government.

"Even in terms of policies, a very large number of changes have taken place. Therefore to capture each of those changes, whether it is the changes in the Direct Tax system, or more particularly the entire overhauling of the Indirect Tax system or the GST which has taken place, and through that particular system the allocations between the centre or the states; the Integrated Goods and Service Tax (IGST) being distributed between the centre and the state, and being done in a manner where nobody can ever raise a question and this entire revolutionary change which can be made on account of DBTs which manages to ensure that the pipeline of pass through directly to the beneficiary itself is maintained, I think these are important changes with which the entire system itself is now adjusting to," Jaitley said at the 42nd Civil Accounts Day Function.

Delivering the inaugural address, the Finance Minister also said that the highest level of integrity and efficiency is required on the part of officers and staff of Civil Accounts Service as great sanctity is attached to the accounting system.

"We have to keep pace with these changes and maintain highest level of accounting system," he said.

This event was organised by the Office of Controller General of Accounts (CGA), Department of Expenditure.

Source: ANI, Image Credits: NDTV

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LUCKNOW: Arun Jaitley, the Union Finance Minister on Thursday termed urban infrastructure as an "engine of growth," adding that it is crucial for investment in the state of Uttar Pradesh. Addressing the gathering at the Uttar Pradesh (UP) Investors' Summit here, Jaitley said any state possessing the capacity to build infrastructure employment and buzzing economic activity becomes an attractive destination for investors.

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MUMBAI : Actor Tiger Shroff has forayed into the active lifestyle business space with the brand PROWL. The brand is jointly created and owned by Tiger and Mojostar. This is the first brand launch, for Mojostar, which is creating a house of lifestyle brands with celebrities, read a statement.

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NEW DELHI: The Indian stock markets continued their free fall for the third day since the presentation of the Union Budget 2018-19. If experts are to believed, the slump is likely to continue for the next few days. Stock market expert Sunil Shah attributes the reason to the fall seen in global markets. "There is a selling pressure and there is no new buying emerging. So first, the scenario will stabilise at some point of time.

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SAN FRANSCICO: Facebook has banned ads that promote initial coin offerings (ICOs), cryptocurrency like Bitcoin and binary options trading from its platforms, including Instagram, Audience Network and Messenger. The new policy prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, Facebook said in a statement late on Tuesday.

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CHENNAI: Commerce and Industry Minister Suresh Prabhu is expected to launch a Rs 2,600 crore special package for the leather and footwear industry which is expected to generate around three lakh jobs, said a Council for Leather Exports official on Tuesday. Prabhu will launch it while inaugurating the 33rd edition of India International Leather Fair, Mukhtarul Amin, Chairman, Council for Leather Exports, told reporters.

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NEW DELHI: International cash-and-carry retail major SIAM Makro on Thursday launched its India operations -- LOTS Wholesale Solutions -- and said that it plans to open its first store by the second half of 2018. According to the company, it plans to invest Rs 1,000 crore in the next five years.

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NEW DELHI: Automobile major Maruti Suzuki will launch the new version of its popular hatchback car Swift at the Delhi Auto Expo 2018. The automobile major said it has opened the bookings for the new hatchback model which is going to be available with "K12 VVT" petrol engine and "DDiS 190" diesel engine.

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BANGALORE: Facebook and YouTube have become the platforms of choice for the Indian Micro, Small and Medium Enterprises (MSMEs), accounting for 80 per cent of their total social media traffic, followed by Instagram, Blogger and Quora, a report said on Wednesday.

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CHENNAI: Commercial vehicles major Ashok Leyland Ltd on Wednesday announced it has signed a Letter of Intent (LoI) with Phinergy of Israel to secure long-term arrangements for its electric vehicle plans. In a statement here, Ashok Leyland said: "With the intention of providing varying Energy Management solutions to the customers,

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