updated 1:27 AM UTC, Sep 8, 2016

1.3 mn HLL female condoms to Africa, Caribbean

Wednesday, 31 August 2016 17:36
Thiruvananthapuram: Leading condom manufacturers HLL Lifecare Ltd, headquartered here, will export 1.3 million female condoms to African countries Gambia and Burkina Faso and Dominican Republic in the Caribbean, a company statement said on Wednesday.This new order is part of supporting…

India rises in rank to 35 on World Bank Logistics Index 2016

Wednesday, 31 August 2016 17:35
New Delhi: Rising 19 places over its previous ranking, India has been ranked 35 among 160 countries in World Bank's recently-released Logistics Performance Index (LPI) for 2016, the government said on Wednesday.The Logistics Performance Index Report is published by World…

Genpact, Amrita University join hands to prepare data scientists

Wednesday, 31 August 2016 17:16
New Delhi: The global business process management company Genpact on Wednesday announced a memorandum of understanding (MoU) with Coimbatore-based Amrita Vishwa Vidyapeetham (Amrita University) for preparing data scientists.Aimed to develop industry-oriented knowledge and skills in analytics through guest lectures and…

Supreme Court quashes Singur land acquisition for Tata Nano

Wednesday, 31 August 2016 17:03
New Delhi: In a set back to the Tatas, the Supreme Court on Wednesday set aside the land acquired by the previous Left Front government in West Bengal for the Nano car plant, saying due processes and procedures were not…

HMSI records highest two-wheeler sales in August

Wednesday, 31 August 2016 13:40
New Delhi: Honda Motorcycle and Scooter India Pvt Ltd (HMSI) has had a record sales of 4.5 lakh units in August, the company said on Wednesday."We had 4.5 lakh record sales in August including exports. It is the highest ever…

Sony Pictures to acquire sports channels of Zee for $385 mn

Wednesday, 31 August 2016 13:28
New Delhi: Sony Pictures Networks India on Wednesday announced it is acquiring the sports broadcasting business of Zee Entertainment for $385 million in an all-cash deal."Zee's TEN Sports channels being acquired include TEN 1, TEN 1 HD, TEN 2, TEN…

Indian-origin Ajei Gopal named CEO of US-based software firm

Wednesday, 31 August 2016 12:56
New York: Indian American Ajei Gopal has been named CEO of US-based software firm ANSYS that produces engineering simulation software used for testing product designs across a wide spectrum of industries, including rockets and wearable technology.Gopal, 54, is an IIT-Bombay…

EU ruling on Apple unfair: White House

Wednesday, 31 August 2016 12:13
Washington: The White House has termed the European Commission's order for tech giant Apple to pay 13 billion euros in taxes to Ireland as unfair.According to White House Press Secretary Josh Earnest, the decision is amounted to a "transfer of…

Microsoft sells MSN China operations

Wednesday, 31 August 2016 12:16
Beijing: US tech giant Microsoft has sold MSN China -- a Chinese edition of its global web portal -- to its local partner Xichuang Technology (Beijing) Co. Ltd founded by the portal's top executive.Microsoft said on its official blog that…

Markets open on higher note on Wednesday morning

Wednesday, 31 August 2016 12:10
Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a higher note during the morning session of the trade.The Sensex of the BSE after opening at 28,372.25 points touched a high of 28,406.09 points and a low of 28,363.10…