Beijing: Chinese cellphone maker Xiaomi has sold a record one million smartphones in India in 18 days during the Diwali festive season, despite boycott calls of Chinese goods in the country, state media reported today. The Beijing-based company now aims at becoming largest smartphone vendor in India, the world’s fastest growing handset market, in the next three to five years, Read More

ptember, like always, marks the arrival of Apple’s new batch of iPhones. The Cupertino major, as expected, launched the iPhone 7 and the iPhone 7 Plus earlier this month, along side the new Apple Watch Series 2. The iPhone 7 and the iPhone 7 Plus will be available for buying, in India, starting from October 7. Price starts — in Read More

It is evident that electric vehicles are going to be future. Germany has its eyes on one million electric vehicles in the country by 2020 and achieving 50 per cent electric car sales in another ten years. The global emission norms are getting meaner by the day and slowly hybrid engines will become mandatory to meet the norms, if not Read More

Hyundai will be unveiling the RN30 concept at the upcoming 2016 Motor Show. Ahead of its showcase event the company has released the teaser images for the vehicle. The concept reportedly previews the N performance version of the new i30 hatchback. The new concept will look different from its regular models, much like its other N-badged models. As seen in Read More

Germany’s biggest steelmaker Thyssenkrupp wants to play a role in any consolidation of the European steel market, which is afflicted by excess production capacity and a weak demand outlook, its chief executive said. “We have clearly said that we consider a consolidation as a sensible and proper step towards a solution. And if such solutions are possible we will play Read More

Five special economic zone (SEZ) developers including Abex Infocom have approached the government to surrender their IT sector tax-free zones. The Board of Approval (BoA) chaired by Commerce Secretary Rita Teaotia would take a decision on these applications in its meeting on April 28. All the five zones are from IT/ITeS sector. In all these cases, “formal approval has been Read More

The Odd-even Phase 2 is all set to debut in the national Capital on Friday. However, the acid test is expected to be from Monday onwards after the city get backs to routine after the weekend hangover. This extended weekend – beginning with Ambedkar Jayanti and Ram Navami – has seen all of Delhi’s and central government offices closed. Markets Read More

The dollar slumped against the yen again on Thursday in the wake of minutes from the last U.S. Federal Reserve meeting and expectations the Bank of Japan was unlikely to intervene, while global growth concerns weighed on equities. Investors were set to monitor an appearance by Janet Yellen at 5:30 p.m. EDT (2130 GMT) in a conversation with former Federal Read More

A former trader at Barclays, one of five on trial on charges of conspiracy to manipulate financial benchmark interest rates, alleged that top bosses at the bank approved and condoned the practice, a London court heard on Thursday. Britain’s Serious Fraud Office (SFO), the agency in charge of prosecuting complex financial crime, has charged Barclays’ former rate submitter Jonathan Mathew, Read More

India is likely to clock GDP growth of 7.4 per cent in the current fiscal and consumption is likely to be the main driver of growth in the foreseeable future, says an HSBC report. According to the global financial services firm, investment cycle revival is not expected to happen quickly or easily and the country is likely to see a Read More