BUSINESS

Delhi-based Kashmiri scribes, over 25 people from Valley were potential spying targets: Report

India’s metal sector severely hit by COVID-19; to see slow recovery: Report

5:20 pm September 4, 2020

New Delhi : India’s metal sector has suffered a significant blow on account of operational difficulties and poor demand due to COVID-19 and a slow recovery back to pre-pandemic level of production is expected in the coming quarters, Fitch Solutions has said in a report. According to the report, a severe dent in domestic demand for metals […]

Hotel, restaurant associations welcome Maha govt's move to waive excise license fee

Hotels, restaurants, clubs in Delhi can serve liquor from Sept 9-30 on trial basis

9:32 pm September 3, 2020

New Delhi: Hotels, restaurants and clubs in Delhi were allowed to serve liquor on a trial basis from September 9-30, but not more than 50 per cent of their seating capacity will be allowed so that COVID-19 distancing norms are followed, officials said Thursday. As these outlets prepare to serve liquour after over a five-month […]

Infosys completes acquisition of Kaleidoscope Innovation

Infosys to acquire US-based Kaleidoscope Innovation for up to USD 42 mn

8:54 pm September 3, 2020

New Delhi: India’s second largest IT services firm Infosys on Thursday said it will acquire US-based product design and development firm Kaleidoscope Innovation for up to USD 42 million (about Rs 308 crore). Kaleidoscope Innovation is a full-spectrum product design, development and insights firm innovating across medical, consumer and industrial markets. It designs microsurgical instruments, devices used in minimally invasive surgery, […]

Amazon adds 7,000 more UK jobs as pandemic e-commerce booms

7:09 pm September 3, 2020

London: E-commerce giant Amazon is adding 7,000 more permanent jobs in the U.K. by the end of the year, in the latest sign that demand for online shopping and services is booming amid the pandemic. The company said Thursday that the jobs will be created at Amazon warehouses, sorting centers and delivery stations across the […]

Gold plunges Rs 774 tracking tepid global cues

5:16 pm September 3, 2020

New Delhi: Gold prices on Thursday plunged Rs 774 to Rs 51,755 per 10 gram in the national capital following decline in global prices, according to HDFC Securities. The yellow metal had closed at Rs 52,529 per 10 gram here in the previous trade. Silver prices also tumbled Rs 1,908 to Rs 69,176 per kilogram […]