PM Modi set to gift 5G services to Indians on Oct 1

New Delhi, Sep 24 (IANS) The National Broadband Mission (NBM) under the Ministry of Communications on Saturday tweeted (and later deleted) that Prime Minister Narendra Modi will officially roll out the 5G services in India on October 1 — the same day when the India Mobile Congress (IMC) kicks off which will heavily focus on … Read more

Coal India to ink pacts with Indian Oil, BHEL, GAIL to set up 4 gasification projects

New Delhi, Sep 23 (IANS) Coal India (NS:) Ltd (CIL) will be inking three major pacts on September 27 with BHEL, Indian Oil (NS:) Corporation and GAIL (NS:) India for setting up four surface coal gasification projects in the country. These pacts will help in facilitating setting up of coal-to-chemical projects through surface coal gasification … Read more

Fashion categories set to see biggest growth in India festive season

Bengaluru, Sep 23 (IANS) As the sales in the first festive week is likely to touch $5.9 billion this year, 63 per cent of consumers are planning to spend on fashion categories compared to 56 per cent last year, a new report showed on Friday. Despite concerns around inflation and discretionary spends, customers are looking … Read more

Fed Set to Reveal ‘Pain’ Coming in Next Stage of Inflation Fight

(Bloomberg) — Federal Reserve officials are about to put numbers on the “pain” they’ve been warning of in recent weeks when they publish new projections for the economy, which could show a substantial rise in interest rates and unemployment ahead as the estimated price tag for reducing inflation. The US central bank will release its … Read more

Chinese mobile firms plan to set up plants elsewhere amid India crackdown

New Delhi, Sep 17 (IANS) Amid India’s escalating crackdown on Chinese companies, China-based smartphone brands are now planning to set up manufacturing plants in countries like Egypt, Indonesia, Bangladesh, and Nigeria, according to a Global Times report. The report, citing a Chinese executive based in India, claimed that companies will evaluate bilateral ties, market potential, … Read more

FedEx troubles set off fresh worries over global economy

New York, Sep 17 (IANS) The FedEx Corp (NYSE:).s warning of a sharp drop in package deliveries set off fresh worries among investors about the outlook for the global economy, sparking another down day in stock markets. The delivery giant’s shares lost 21 per cent on Friday, its biggest one-day percentage drop ever, after the … Read more

Watch Erik ten Hag make Cristiano Ronaldo laugh in Man Utd training with striker set to start against FC Sheriff

ERIK TEN HAG had Cristiano Ronaldo giggling at training in rare moment of joy this season for the Manchester United superstar. And the Reds boss will be hoping his No7 enjoys himself against FC Sheriff tomorrow night. 4 Erik ten Hag wanted a word with Cristiano Ronaldo before trainingCredit: PA 4 The Dutchman had his … Read more

No plans to set up any plant in Punjab: BMW

Chennai, Sep 14 (IANS) The BMW Group on Wednesday categorically refuted reports of setting up an auto component plant in Punjab. “BMW Group India has no plans for setting up additional manufacturing operations in Punjab,” the German group said in a statement. Along with cars and motorcycles, BMW Group’s activities in India comprise of financial … Read more

Dollar Edges Lower; Key U.S. CPI Release to Set Tone

By Peter Nurse – The U.S. dollar edged lower in early European trade Tuesday ahead of the release of the hotly anticipated U.S. inflation data, which is likely to set the tone ahead of next week’s Federal Reserve meeting. At 03:05 ET (07:05 GMT), the , which tracks the greenback against a basket of … Read more

Lenders set to reject DB Realty’s One Time Settlement plan for RCFL (Ld)

Mumbai, Sep 13 (IANS) The ICA lenders of Reliance (NS:) Commercial Finance Ltd. (RCFL) are meeting on Tuesday to consider the recent Supreme Court order dated August 30 that had given the go-ahead for the Resolution Plan of RCFL. The 18 lenders led by the Bank of Baroda (NS:) will also be discussing the One … Read more