Business, Companies, 12th Oct 2018, News & Stories from India

Sunday, Apr 28, 2024 | Last Update : 01:18 PM IST

Business Companies 12 Oct 2018

Business, Companies, 12 Oct 2018

Microsoft India said on Friday it has signed an agreement with Niti Aayog to deploy artificial intelligence (AI) technologies to address challenges in agriculture and healthcare, and promote adoption of local language computing, among others. (Photo: ANI)

Microsoft, Niti Aayog to bring in AI tools for agriculture and healthcare

Microsoft will also accelerate the use of AI for the development and adoption of local language computing.

12 Oct 2018 7:14 PM

State-run telecom firm MTNL on Friday said its shareholders have approved proposals to raise authorised share capital by over 12 times to Rs 10,000 crore and borrowing limit by around 38 per cent to Rs 25,000 crore.

MTNL gets shareholders' nod to raise share capital 12 times to Rs 10,000 cr

The resolution to raise the borrowing powers of the board from Rs 18,000 crore to Rs 25,000 crore was passed as a special resolution.

12 Oct 2018 6:28 PM

Boeing is "concerned" over Jet Airways which is grappling with financial woes, a senior official of the leading aircraft maker said on Friday.

Aircraft maker Boeing 'concerned' about Jet Airways, says official

The full service carrier, which has been flying for over 25 years, is a key customer of Boeing.

12 Oct 2018 6:22 PM

SpiceJet will look at flying to new international destinations as well as provide free wi-fi onboard its more fuel-efficient Boeing 737-8 MAX planes, according to the airline.

SpiceJet plans to fly new overseas destinations with Boeing 737-8 MAX planes

Ajay Singh said the airline plans to give complimentary internet onboard the MAX flights and the details are being worked out.

12 Oct 2018 4:58 PM

The group has a strong position in the UK as a steel and aluminium supplier.

ArcelorMittal signs pact to sell 4 European steel plants to Liberty House

The acquisition more than doubles Liberty's global metal manufacturing capacity.

12 Oct 2018 3:41 PM

Company reported a 22.6 per cent jump in consolidated net profit in the July-September quarter this year.

TCS shares drop nearly 4 per cent post Q2 earnings

Tata Consultancy Services (TCS) had posted a net profit of Rs 6,446 crore in the same period last fiscal.

12 Oct 2018 1:01 PM

Huawei ranks 68 in Interbrand Best Global Brands 2018

Huawei is a leading global provider of information and communications technology infrastructure and smart devices.

12 Oct 2018 12:39 PM

Flipkart and Amazon both began their flagship annual sales in India on Wednesday, and will compete for shoppers during the October-December festive season.

Flipkart confident of bumper sales season; says Amazon losing relevance

Smartphones will be Flipkart’s biggest selling category this year.

12 Oct 2018 11:10 AM

Alibaba founder Jack Ma reclaims top spot among Chinese billionaires

Jack Ma and his family having a total wealth of about USD 39 bn, according to latest version of the Hurun China Rich List 2018.

12 Oct 2018 9:23 AM

Finance ministry official expressed confidence that Indian economy stand to gain following US- China trade war.

Oil cos to absorb subsidy ‘one-time’

He said that the government expects the global crude oil prices to remain range bound and below $85 per barrel.

12 Oct 2018 12:42 AM

With discounts going up as high as 50%, mobile phones accounted for over 40% of all transactions on day 1.

46Lakh phones sold online in 2 days of festive sales

Meanwhile, Flipkart said on Thursday that it sold 30 lakh mobile phones in a day — the highest phones sold in a day globally.

12 Oct 2018 12:31 AM

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Anita Katyal