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The SMIC IPO push is part of the Communist Partys strategy to develop global leaders in artificial intelligence, big data, and other advanced sectors.

Chipmaker SMIC set for a huge IPO as China looks to make semiconductor...

SMIC is China's biggest contract manufacturer of chipsets, and the country's hope to make its tech firms non-dependent...

6 July 2020 9:07 PM IST

Suspension of the H1-B visas by the US will cost domestic IT firms Rs 1,200 crore. (AFP Photo)

H1-B visa suspension by US to have Rs 1,200 crore impact on Indian IT...

Visas used by Indian tech professionals were suspended by the Donald Trump administration as it looked to arrest the...

6 July 2020 4:52 PM IST

Mercedes-Benz will recall more than 660,000 vehicles in China later this year for a possible oil leak. (AFP Photo)

Mercedes to recall 6,60,000 vehicles in China for oil leak

The announcement follows another recall that began last month of 4,653 imported Mercedes sedans that had incorrect...

6 July 2020 10:21 AM IST

Billionaire Mukesh Ambanis Reliance Industries Ltd (RIL) plans to increase its network of aviation fuel stations by 50 per cent. (PTI Photo)

Reliance plans to up aviation fuel stations by 50%

Reliance Aviation has the highest market share in 20 per cent of the operating airports

6 July 2020 9:51 AM IST

Oil prices offered up a mixed market snapshot on Monday. (AFP Photo

Oil prices mixed as virus spike casts shadow over demand

OPEC and allies including Russia have pledged to slash production by a record 9.7 million barrels per day (bpd) for a...

6 July 2020 9:15 AM IST

The 10 most valued Indian companies together added a whopping Rs 1,37,508.61 crore in market valuation last week. (PTI Photo)

Top-10 firms add Rs 1.37 lakh cr in m-cap; TCS, RIL major gainers

Reliance Industries Limited added Rs 28,464.11 crore to take its market valuation to Rs 11,33,168.55 crore

5 July 2020 10:49 AM IST

Uber shuts Mumbai office, services for riders to remain unaffected. (AFP Photo)

Uber takes cost-cutting drive, shuts Mumbai office

In May, Uber had said it is laying off about 600 employees as business has taken a major hit amid COVID-19 pandemic

5 July 2020 10:46 AM IST

Adverse impact on domestic economic activity as well as a slowdown in global trade has resulted in a steep contraction in cargo volumes at the major ports. (PTI Photo)

Port sector to witness cargo volume contraction, project delays: ICRA

Further, factors like changes in global supply chain pattern during the recovery phase will also have an impact on the...

5 July 2020 10:07 AM IST

The company said on June 26 that 140 of the roughly 8,000 staff at the factory had caught the virus and two had died. (PTI Photo)

Bajaj Auto unions demand factory halt after 250 workers test COVID-19...

It said work there would not be stopped, however, as the company wanted to learn to live with the virus

5 July 2020 9:46 AM IST

Reliance Jios new offering JioMeet.

Reliance Jio launches its own video conferencing app JioMeet to take...

The JioMeet video conferencing app is available across Android, iOS.Windows, macOS and web since Thursday evening.

4 July 2020 2:28 PM IST

Representational Image. (AFP)

MSMEs feel heat due to delay in clearance of Chinese goods

Officials at Chennai Customs, however, told that they clear the goods of big companies because they have their own...

4 July 2020 10:28 AM IST

I-T refunds worth Rs 62,361 cr issued to 20.44 lakh taxpayers during Apr 8-Jun 30. (PTI Photo)

I-T department refunds â‚¹62,000 crore to 20 lakh taxpayers

The income tax department has issued tax refunds at a speed of 76 cases per minute from April 8 to June 30, 2020

3 July 2020 3:32 PM IST