Manufacturing lifts India's November industrial output higher (Lead) (4 minutes ago)
New Delhi, Dec 12 (IANS) Higher production in the manufacturing sector, especially of capital goods and consumer durables, accelerated India's industrial output to 8.1 per cent in October from a rise of 4.46 per cent in September and 1.8 per cent during the corresponding period of the previous fiscal, official data showed on Wednesday.
PPL expands base, to issue warning notice against unauthorised playing of music (6 minutes ago)
Chennai, Dec 12 (IANS) With the New Year fast approaching, the Phonographic Performance Ltd (PPL) will first issue public notice for hotels, night clubs and other establishments to get a proper licence from it for playing copyrighted music, said a top company official.
Rental housing sector needs government intervention: Report (18:42)
New Delhi, Dec 12 (IANS) The rental housing segment needs government's intervention as there are many people who cannot afford buying a home, a MagicBricks report said here on Wednesday.
Lower food prices ease India's November retail inflation to 2.33% (18:12)
New Delhi, Dec 12 (IANS) Lower food prices eased India's November retail inflation to 2.33 per cent from a rise of 3.38 per cent in October, official data showed on Wednesday.
India's October industrial production rises 8.1% (18:02)
New Delhi, Dec 12 (IANS) The pace of India's industrial output accelerated to 8.1 per cent in October from a rise of 4.46 per cent in September and 1.8 per cent during the corresponding period of the previous fiscal, official data showed on Wednesday.
May to face vote of no confidence from Conservative MPs (Second Lead) (17:56)
London, Dec 12 (IANS) UK Prime Minister Theresa May will face a vote of no confidence from MPs of her own ruling Conservative Party on Wednesday over her handling of Brexit.
RBI is accountable, government runs country: Shaktikanta Das (17:16)
Mumbai, Dec 12 (IANS) Declaring that he would uphold the "autonomy, integrity and credibility" of the RBI, newly-appointed Governor Shaktikanta Das said on Wednesday that the government is resposible for running the country and the central bank is also accountable.
Rs 262 crore cyber-tax fraud unearthed in Delhi (17:12)
New Delhi, Dec 12 (IANS) The Delhi government's Trade and Taxes Department has unearthed a cyber-tax fraud totalling Rs 262 crore, happening since 2013 with over 8,700 traders involved, Deputy Chief Minister Manish Sisodia said on Wednesday.
Ashok Leyland ties up with Israeli defence co Elbit Systems (17:06)
Chennai, Dec 12 (IANS) Commercial vehicles major Ashok Leyland Ltd on Wednesday said it has signed a Memorandum of Understanding (MoU) with defence systems company Elbit Systems in Israel.
Sensex jumps 629 points, Nifty settles above 10,700 (Third Lead) (15:58)
Mumbai, Dec 12 (IANS) Buying at lower levels and hopes of an easing monitory policy with the appointment of Shaktikanta Das as the new RBI Governor pushed the key equity indices 1.8 per cent higher on Wednesday.
Symantec identifies group behind cyber attacks in Pakistan, Turkey (15:48)
San Francisco, Dec 12 (IANS) California-headquartered global cybersecurity company Symantec said it has identified the group behind a recent series of cyber attacks designed to gather intelligence from Pakistan, Turkey, Russia, Saudi Arabia, Afghanistan, Jordan and some regions in Europe and North America.
Sensex up 600 points, Nifty above 10,700 (Second Lead) (15:22)
Mumbai, Dec 12 (IANS) The benchmark S&P BSE Sensex rose over 600 points during the late afternoon session of the trade on Wednesday, led by gains in financials along with auto stocks which rose over 3 per cent.
ITC arm-Scottish centre tie-up to test potato varieties (14:58)
New Delhi, Dec 12 (IANS) FMCG major ITC on Wednesday said its subsidiary Technico Agri Sciences (TASL) has tied up with Scotland-based James Hutton Institute to introduce 16 new varieties and 600 new clones of potato in India for trials and tests.
Vernacular social media app Helo empowering regional Indian users (14:56)
By Shalini Pathak
New Delhi, Dec 12 (IANS) India's leading vernacular social networking platform Helo has successfully redefined how its users connect and communicate in desi languages, a top company executive said here on Wednesday.
Canadian court frees Huawei CFO on bail (14:51)
Vancouver, Dec 12 (IANS) A Canadian court has granted bail to Chinese tech company Huawei's Chief Financial Officer (CFO), who has been accused of helping the firm dodge American sanctions on Iran, while she awaits a hearing on extradition to the US.
Actress Priya Varrier most searched personality on Google in 2018 (14:36)
New Delhi, Dec 12 (IANS) Malayalam actress Priya Prakash Varrier, who shot to fame following her 'wink song' 'Manikya Malaraya Poovi...' from the film 'Oru Addar Love' has become the most searched personality of the year, Google India said on Wednesday.
10GB Vivo smartphone with dual display launched (14:00)
Shanghai, Dec 12 (IANS) Refreshing its NEX series, Chinese handset maker Vivo on Wednesday launched the "NEX Dual Display Edition" smartphone with 10GB RAM, futuristic dual display and a triple camera system at the rear.
Sensex up 320 points, banking stocks back in favour (Lead) (13:52)
Mumbai, Dec 12 (IANS) The key equity indices rose close to 1 per cent during the afternoon session of the trade on Wednesday, led by gains in financials and auto stocks.
Salvaging trust after Urjit Patel's exit (Comment) (13:44)
By Amit Kapoor & Chirag Yadav
Disagreements between the government and the central bank are a common occurrence in any economy. It is an expected outcome, given their contrasting roles where one has to maintain the growth of the economy at a healthy pace while the other has to ensure price stability, which sometimes dampens growth prospects. However, this time it was different as weeks of animosity between North Block and Mint Street has culminated in the resignation of the RBI Governor, Urjit Patel.
'Government ID Authentication' feature comes to Adobe Sign (13:40)
San Francisco, Dec 12 (IANS) To help banking and financial services companies go further paperless, Adobe has announced a new signer identification feature called "Government ID Authentication" that uses a physical ID, like a driver's license or passport, as a form of digital ID authentication.
Dassault Systemes acquires software firm IQMS for $425 mn (13:16)
Paris, Dec 12 (IANS) France-based 3D Experience leader Dassault Systemes has entered into a definitive agreement to acquire California-based software company IQMS for $425 million.
New governor will diminish RBI, play to government's tunes: Congress (13:08)
New Delhi, Dec 12 (IANS) Attacking the government for appointing Shaktikanta Das as RBI Governor, the Congress on Wednesday alleged that he would play to the tunes of the government and that choosing a bureaucrat who defended demonetisation, instead of an eminent economist, will diminish the institution.
Shaktikanta Das takes over as RBI Governor (Lead) (13:02)
New Delhi, Dec 12 (IANS) Former Economic Affairs Secretary Shaktikanta Das on Wednesday assumed charge as RBI Governor after Urjit Patel abruptly resigned from the post amidst a tiff with the government on the central bank's autonomy.