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ITC to manage hotels, expand in South Asia

ITC to manage hotels, expand in South Asia

Kolkata: Kolkata-headquartered diversified conglomerate ITC Ltd has drawn up a capex of Rs 20,000 crore in multiple projects in multiple sectors across the country. Of this as much as Rs 5700 crore is being invested in various projects in West Bengal. The entire amount will be invested over the next few years, ITC Chairman Sanjiv Puri said in Kolkata on Tuesday.

Yes Bank, ZipCash face RBI fine for violating PPI norms

Yes Bank, ZipCash face RBI fine for violating PPI norms

The Reserve Bank of India said Tuesday that it has imposed a penalty on two prepaid payment instrument (PPI) issuers Yes Bank and ZipCash Card Services for non-compliance with regulatory norms.

A penalty of ₹11.25 lakh each has been imposed on the two PPI issuers, according to an RBI release.

Microsoft XCloud game service to offer free streaming to phones

Microsoft XCloud game service to offer free streaming to phones

SAN FRANCISCO: Microsoft Corp. said a new service that will let users play video games from their Xbox consoles on their smartphones will be offered for free.

The service, which will be rolled out starting in October, is one part of the company’s new xCloud game-streaming strategy.

Amazon to shut restaurant delivery service in US

Amazon to shut restaurant delivery service in US

Amazon.com Inc said on Tuesday it would end its U.S. restaurant food delivery service on June 24, giving in to intense competition from GrubHub Inc, DoorDash, Uber Technologies' Uber Eats services.

"A small fraction of Amazon employees are affected by this decision, and many of those affected have already found new roles at Amazon," the company said in a statement. "Employees will be offered personalized support to find a new role within, or outside of, the company."

Jio impact waning? Airtel, Vodafone Idea arrest revenue slump

Jio impact waning? Airtel, Vodafone Idea arrest revenue slump

It is for the first time that in a quarter, since the launch of Reliance Jio in September 2016, the revenues for Bharti Airtel and Vodafone Idea (VIL) have not declined, when compared sequentially.

Thanks to the move by the incumbents to remove the low Arpu (average revenues per user) customers started in November last year, there has been some recovery in the financial performance of the two companies.

BHEL recruitment 2019: Apply online for 24 engineering posts, check details

BHEL recruitment 2019: Apply online for 24 engineering posts, check details

BHEL recruitment 2019: The Bharat Heavy Electricals Ltd (BHEL) has invited online applications from experienced engineer professionals for the recruitment of managerial posts. BHEL has released a recruitment notification for numerous positions like Manager, Deputy Manager, Senior Manager, Senior Deputy General Manager and Senior Engineers.

Amitabh Bachchan's Twitter account hacked, tweets praise Pakistan

Amitabh Bachchan's Twitter account hacked, tweets praise Pakistan

Megastar Amitabh Bachchan's Twitter account was allegedly hacked on Monday night by Ayyildiz Tim, which claimed to be a Turkish hacker group.

The group replaced Bachchan's profile picture with a photo of Pakistan Prime Minister Imran Khan and also changed the bio, adding "Love Pakistan" and an emoji of the Turkish flag.

BHEL bags order worth Rs 440 cr from NPCIL for nuclear power project in TN

BHEL bags order worth Rs 440 cr from NPCIL for nuclear power project in TN

State-owned BHEL on Tuesday said it has bagged an order worth over Rs 440 crore from Nuclear Power Corporation of India Ltd (NPCIL).

"BHEL has secured an...order for the erection work of the upcoming 2x1000 MWe turbine generator (TG) island units 3 and 4 at Kudankulam Nuclear Power Project in Tamil Nadu being set up with foreign cooperation (Russia)," it said in a statement.

Amazon dethrones Google as top global brand: Survey

Amazon dethrones Google as top global brand: Survey

London: US retail giant Amazon has moved past hi-tech titans Apple and Google to become the world's most valuable brand, a key survey showed on Tuesday.

The brand value of Amazon surged by 52 per cent to USD 315 billion, global market research agency Kantar said in its 2019 100 Top BrandZ report.

Sensex furthers gains for 3rd session on robust global cues

Sensex furthers gains for 3rd session on robust global cues

Mumbai: Rising for a third straight session, the BSE benchmark Sensex on Tuesday added another 166 points on the back of strong buying in banking, metal and energy stocks amid positive global cues.

After rallying nearly 300 points during the day, the BSE gauge settled 165.94 points, or 0.42 per cent, higher at 39,950.46. The index hit an intra-day high of 40,066.31 and a low of 40,066.31.

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