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Complicating matters further, savings rate plunges to 15-year low

This fall could lead to Indian companies borrowing more overseas, weakening India's external debt position.

manufacturing operations

Feb 19, 2020, 11.00 AM IST



HCL Tech bags IT deal from New Zealand's Fonterra Co-operative

The multi-year partnership with HCL Technologies will consolidate Fonterra's technology suppliers and bring together the co-operative's IT infrastructure services under one umbrella, HCL Technologies said in a statement. It, however, did not disclose the financial terms of the deal.

Infosys inks deal with GE Appliances

As part of this alliance, Infosys will assist GE Appliances to accelerate their digital and workplace tr...

Granting permanent commission to women officers an operational challenge for Army

It will be a major operational challenge for the Army to gr...

  • The Telecom Regulatory Authority of India (Trai) said on Tuesday there’s no longer any need to restrict the number of text messages allowed to be offered at a concessional rate nor regulate the tariff for short message service (SMS) since robust regulations are in place to ward off unwanted calls and text messages.

    Earlier, China managed to build a temporary hospital in Wuhan with 1,500 beds in just 10 days. It has also managed to make eight other temporary hospitals to fight Coronavirus. In 2003, at the height of SARS epidemic, Chinese authorities managed to create a facility within a week.

    This is a growth of over 1,400% over the next 5 years, UK-based Juniper Research said in its report identifying the automotive and smart cities sectors as key growth drivers for 5G adoption over the next 5 years accounting for 70% of total 5G IoT connections worldwide.

    The pro-rata allotment set by the RBI was at 12.86 per cent.

    RBI will auction funds worth Rs 1 lakh crore via long-term repos at a fixed rate of 5.15%.

    In rearranging its global operations, GM is accelerating its retreat from unprofitable markets, becoming more dependent on the United States, China, Latin America and South Korea. The changes will lead to cash and non-cash charges of $1.1 billion, as well as the loss of 1,500 jobs in Thailand and 828 in Australia and New Zealand, GM said.

    “The resignation of senior board members should be viewed positively,” said Abdulla Nahlawi.

    While inflation in food articles slowed to 11.5% from 13.24% in December and in onion to 293.3% from 455.8%, that in potato, was 87.8% in January vis-a-vis 45% in December.

    “G-SOC is largely focused on medium-sized business and SMEs. It gives them the ability to buy on a Pay-by-Use model. These kind of companies are more keen to look at our G-SOC services as it gives them the flexibility to get the best in breed services without making major investments and also protects them from technology obsolescence,” said Manoj Kanodia, CEO, Inspira Enterprise.

    An eight-member expert committee constituted by the government to assess availability of medicines in the country has suggested imposing export restrictions on 12 drugs including antibiotics like chloramphenicol, neomycin, metronidazole, azythromicin, clindamycin; vitamin B1, B2 and B6; as well as hormones like progesterone used during pregnancy and in menstrual related problems.

    Besides, free withdrawals may be capped at 3 for urban areas in place of the current 5 free transactions.

    Some of the big names in the country's packaged drinking water industry are likely to approach the Kerala government to ease the recently proposed price cap of Rs 13 per litre on bottled water.

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