Apple beats Xiaomi in China, Oppo leads

Amsterdam imposes $319,000 fine for illegal renting on AirBnB

<p>Amsterdam has imposed a record fine of $319,000 to a property owner and a rental agency who did not comply with related legislation, a media report said on Tuesday. The property owner and the agency called Iamb&b together rented out 11 apartments on AirBnB without complying with the law, Xinhua news agency reported. However, the […]</p>

‘ONGC’s $11.5 bn Andhra venture may stress its cash flows’

<p>The central government-run oil and gas explorer ONGC’s decision to invest $11.5 billion in Andhra Pradesh, at a time when gas prices in India are falling, may put its cash flow under pressure, US rating agency Moody’s said on Monday. Noting that Oil and Natural Gas Corporation Ltd expects to start this investment in the […]</p>

Key Indian equity indices open higher

<p>The key Indian equity indices on Monday opened higher following global cues. The 30-scrip Sensitive Index (Sensex), was trading 158.19 points or 0.56 per cent higher soon after opening. The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 48.85 points or 0.56 per cent higher at 8,789.80 points. The Sensex of […]</p>

RBI expected to hold interest rates at Tuesday’s review

<p>The Reserve Bank of India (RBI) is expected to hold key interest rates at its monetary policy review – its second after November’s note ban – in the wake of banks being flush with funds post-demonetisation and a firming up of global oil prices. As a result of the surge in bank deposits following the […]</p>

adidas launches first urban football centre in Delhi

<p>In a bid to promote the sport at the grassroots level, sportswear manufacturer adidas has announced the launch of its first ever urban football destination — the Base, Plaza — in Chhattarpur here. Star Indian players Rohit Sharma, K.L. Rahul and former Nigerian FIFA World Cup player Rabiu Afolabi on Saturday inaugurated the ‘Base’, which […]</p>

IDBI Bank employees to strike on Monday

<p>Employees of the IDBI Bank will strike on Monday pressing demands like wage revision, opposing out sourcing and others, said a top leader of All India Bank Employees’ Association (AIBEA). “The conciliation meeting was held in Mumbai for the past three days but despite the reasonable stand of the Union (All India IDBI Employees Association) […]</p>

Parrikar defends Congress allegations against son’s land deal

<p>Defence Minister Manohar Parrikar has strongly defended a charge levelled by the Congress leadership on Thursday, questioning the mutation of a land tract, purchased by the former Goa chief minister’s son and a business associate in 2013, in one day. Speaking on Thursday Parrikar said that mutation was a fundamental right and can be legally […]</p>

Ford India sold 14,259 units in January

<p>Car maker Ford India on Thursday said it sold 14,259 vehicles last month. In a statement the company said its total sales last month up from Rs.12,834 units sold in the same month a year ago. “We continue to grow faster than the industry which is a testament to our strategy focused on product led […]</p>

Standing committee passed the budget