Deccan Herald : Business (10)

US announces USD 7.5 mn to advance India's power grid

The US will provide USD 7.5 million to help advance Indias power grid as part of their commitments to ensure access to affordable and reliable energy in both countries.The Ministry of Science and Technology and industry will match the commitment of US Department of Energy, bringing the total ...

Indian IT export to grow 7-8% in current fiscal: Nasscom

Indian IT export is projected to grow by 7-8 per cent in 2017-18, industry body Nasscom said in its guidance today.The domestic market is expected to grow 10-11 per cent, it said.The IT-BPM industry is expected to add 1.3-1.5 lakh new jobs during 2017-18, Nasscom president R Chandrashekhar told ...

Infosys' former US head of immigration files lawsuit

Infosys, the second-largest IT services company, is facing legal heat in the US as its former head of immigration filed a lawsuit for alleged employee discrimination and retaliation by senior management.Erin Green, who joined Infosys in 2011 and headed immigration in the US, filed a lawsuit on June ...

Indian startup develops 'smart' wearables to boost fitness

An Indian start-up has developed a range of fitness wearables, such as smart shoes and bands, integrated with a first-of-its-kind artificial intelligence health coach which provides users a personalised feedback, based on their real-time performance and training.While a variety of fitness trackers ...

Domestic airlines shows 17 percent growth in number of passengers

Indian domestic airlines for the first time carried over one crore passengers in a month in May as the number of fliers rose by over 17% this year so far. The report by Directorate General of Civil Aviation showed that domestic airlines carried 101.74 lakh or 1.01 crore passengers in May as against ...

BMW to invest Rs 130 cr in India to rev up operations

German luxury carmaker BMW is investing another Rs 130 crore in India to enhance operations, taking its total investment in the country to Rs 1,250 crore. The company will launch new version of its locally manufactured 5 Series later this month and 6 Series Gran Turismo model next year to strengthen ...

From Infy to BAT: Firms wake up to flip side of social media

From Indias Infosys to MNC giant British American Tobacco, companies across the world have begun to realise the severe reputational risks posed by social media alongside the big business opportunities.In their latest regulatory filings and investor communications, a large number of companies have ...

Bankers to meet from Monday to decide on large defaulters

Bankers are meeting from Monday to finalise their next course of action on six of the 12 bad loan accounts for immediate referral to NCLT after the RBI named the largest defaulters to face bankruptcy proceedings.The first set of six troubled accounts are Bhushan Steel , Essar Steel , Bhusan Power ...

Secrecy must for automatic info exchange: Swiss banks to India

India will have to ensure strict confidentiality of information about its citizens Swiss bank accounts received through the new automatic exchange window, failing which the Alpine nation will stop sharing the data.Switzerland and its banks will also keep a close watch on the data protection measures ...

Sensex extends losses for the 2nd straight week, dn 205 pts

Key indices posted modest losses tracking weakness in global stocks and after the Federal Reserve hiked the fed-funds rate by a quarter-point to between 1 pct and 1.25 pct.The S&P BSE Sensex shed 205.66 points or 0.66 pct to settle at 31,056.40. The sensex has dropped by 216.89 or 0.69 per cent in ...