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Snapdeal announces ‘Welcome 2017’ sale on January 8-9

Snapdeal announces ‘Welcome 2017’ sale on January 8-9

Online marketplace Snapdeal on Saturday announced a two-day “Welcome 2017” sale on January 8 and 9. The sale offers up to 70 per cent discount on mobile phones, home, electronics, and luggage, among other categories. The users can avail a 15% discount on payments made through SBI credit card. Additionally, no cost EMI option is available across all major credit cards.

Users can purchase Redmi Note 3 at Rs 11999, Samsung J2 Pro (16GB) at Rs 9490, LeEco Le2 (32GB) at Rs 11999, Micromax Spark 3 at Rs 3899, Moto G turbo at Rs 9299, iPhone 5s (16GB) at Rs 17499, iPhone 7 (32GB) at Rs 52999, iPhone 6s (32GB) at Rs 43999, Micromax Canvas 5 (16GB) at Rs 7499, Mi 10000 mAh PowerBank at Rs 1299, Yu Yuphoria at Rs 5699, Oppo F1S (64GB) at Rs 18990, Yu Yureka Plus at Rs 5999.

Sensex ends 119 down after hitting 27,000, IT stocks melt

Sensex ends 119 down after hitting 27,000, IT stocks melt

MUMBAI: Marked by day-long swings, the stock market came off its nearly two-month high by falling over 119 points to close at 26,759, stumped by IT worries following proposed visa curbs in the US.

The NSE nifty too briefly retook the 8300 level before capitulating.

Rupee to fall to record low over coming year: Reuters poll

Rupee to fall to record low over coming year: Reuters poll

Bengaluru: The rupee is expected to fall further against the US dollar this year to a record low, hit by rising global bond yields and an economic blow from New Delhi’s dramatic currency crackdown launched two months ago, a Reuters poll found.

The rupee performed a bit better than most of its regional peers in 2016, weakening just over 2% as India’s economy, the fastest-growing in Asia, roared ahead for most of the year.

US job growth slows, but wages rebound strongly

US job growth slows, but wages rebound strongly

Washington: US employment increased less than expected in December but a rebound in wages pointed to sustained labour market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year.

Non-farm payrolls increased by 156,000 jobs last month, the labour department said on Friday. The gains, however, still remain above a level that is considered sufficient to absorb new entrants into the labour market.

Cross-subsidy of power tariffs lure businesses to solar energy

Cross-subsidy of power tariffs lure businesses to solar energy

New Delhi: The practice of forcing industries to cross-subsidize household consumers’ power tariffs is leading to an unprecedented shift among businesses towards captive solar power with some committing to go fully reliant on clean energy.

Cost of producing solar power, which was over Rs12 per kilowatt hour (unit) in 2010, has dropped sharply over the years.

Jaguar Land Rover buys stake in car technology firm CloudCar

Jaguar Land Rover buys stake in car technology firm CloudCar

London: Britain’s biggest carmaker Jaguar Land Rover said on Friday it was buying a minority stake in connected car technology firm CloudCar, as automakers seek out new partnerships and investments to build high-tech models.

Car manufacturers are developing connected cars, which use the Internet to improve customers’ driving experiences and allow vehicles to communicate with each other, in a race with tech giants such as Google.

Air India enhances luggage allowance to 50 kg on select Delhi-Mumbai flights

Air India enhances luggage allowance to 50 kg on select Delhi-Mumbai flights

A day after announcing its ticket prices at par with AC II of Rajdhani trains, National carrier Air India today came out with another lucrative offer for its passengers allowing enhanced free check-in baggage on its jumbo 747 flights operating on the trunk Delhi-Mumbai route.

Besides, the carrier also announced heavily discounted fares, starting at Rs 15,000 for travel in first class of its Queen of the Skies (Boeing 747) flights to the two cities till January 15, a release said.

Sebi for easy entry of insurers, pension funds

Sebi for easy entry of insurers, pension funds

Capital markets regulator Sebi is planning to ease entry barriers for domestic institutional investors like insurers and pension funds to encourage robust inflows into the Reits and Investment Trusts (InvITs) markets.

“Sebi is sitting down with the Irdai and the PFRDA to evolve a set of guidelines to ensure that insurers and pension funds do not face much of entry barriers into the Reits and InvITs. This is what we are working on now,” Sebi whole-time member G Mahalingam said on Friday.

India v England: Yuvraj Singh, Rishabh Pant in Virat Kohli-led squads

India v England: Yuvraj Singh, Rishabh Pant in Virat Kohli-led squads

NEW DELHI: The first BCCI meeting to pick an Indian cricket team in the post-MS Dhoni captaincy era was an eventful one, to say the least, and much before the five selectors sat down to pick the limited-overs squad for the upcoming ODI and T20I series with England.

An email from the BCCI on Thursday had confirmed the timing of the meeting inside the corridors of the board headquarters at the Wankhede Stadium as 12:30pm, but it did not underway until after 3pm owing to confusion within the BCCI over protocol following the Supreme Court's order from earlier this week which ruled ineligible the BCCI's office-bearers from holding their posts.

Lack of investments in new tech may crimp TCS growth

Lack of investments in new tech may crimp TCS growth

Bengaluru: It’s time chief executive officer and managing director Natarajan Chandrasekaran sheds the invented-here approach at Tata Consultancy Services Ltd (TCS), India’s largest software services company.

For the first time since TCS went public in 2004, its annual growth will be less than or at best on par with Accenture Plc., which is double the size of the Mumbai-based company.

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