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HCL Technologies recognised as Leader for Gartner Magic Quadrant for Managed Workplace Services in North America
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China accuses US of 'double standard' over Huawei claims
China says the U.S. is using a double standard in claiming Chinese law requires telecoms giant Huawei to violate other countries' information security. The spokesman for the national legislature, Zhang Yesui, told reporters Monday that some US officials were taking China's national security law out of context and "playing up the so-called security risks" associated with Chinese companies. He said the 2017 law borrows from other countries' experiences and is designed explicitly to "protect human rights and the lawful rights of individuals and organizations." The US has been lobbying its allies to shun Huawei's products on national security grounds. Canada arrested Huawei executive Meng Wanzhou at the request of the U.S. on Dec. 1. She is wanted on charges she misled banks about the company's business with Iran.
Plantronics appoints new MD for India, SAARC
US-based electronics player Plantronics on Monday announced the appointment of Ankur Goel as the Managing Director for India and the South Asian Association for Regional Co-operation (SAARC) region.
New York City Regional Center Announces Completed Construction In 18 Of Its EB-5 Offerings To Date
/ -- The New York City Regional Center ("NYCRC") is pleased to announce that construction of projects in eighteen (18) of its EB-5 offerings is now complete. These completed projects have successfully utilized NYCRC EB-5 financing to assist in the construction of over 3.8 million square feet of new development and renovation as well as infrastructure upgrades resulting in thousands of new jobs for New Yorkers. The latest completed project utilizing EB-5 capital from NYCRC managed funds involved the next phase of redevelopment of the George Washington Bridge Bus Station, an important New York City transportation facility. Through two EB-5 offerings, the NYCRC provided $91 million of EB-5 capital to assist the continued transformation of the bus station into a modern transit and retail hub. The development has brought new construction and permanent jobs to the community as well as increased retail options to Washington Heights. The NYCRC is also pleased to announce that a total of ...
CGI Named CAST-Certified Global Partner for Software Quality and Function Point Measurement Services
/ -- CGI (NYSE: GIB) (TSX: GIB.A) announced its Software Quality Center of Excellence within its Asia Pacific Global Delivery Centers has been certified as a CAST Global Partner for integrating software intelligence into its application management services. The certification confirms alignment to best practices in delivering the highest level of quality for clients through the continuous improvement of services and deliverables using the latest industry standards, such as the Consortium for IT Software Quality (CISQ). As a CAST Global Partner, CGI is able to provide its clients software intelligence to better understand, control and modernize their complex software systems. The adoption of CAST technology demonstrates CGI's commitment to structural quality insights and function point-based sizing as an integral part of delivering application management services to clients. "CAST and CGI have a long-standing commitment to the delivery and maintenance of state-of-the-art software, and .
GMR Infrastructure intimates of cessation of subsidiary - Asia Pacific Flight Training Academy
APFTAL is engaged in the business of providing flight training and as per the latest unaudited financial statements for the Nine month period ended 31 December 2018, APFTAL had a turnover of Rs. 4.72 crore, PAT of Rs. (1.47) crore (excluding exceptional items) and accumulated losses of Rs. 11.37 crore.
India tops Global Consumer Confidence Survey
Singapore, March 4 (ANI):The global consumer confidence in India is at peak. This was revealed in the latest Conference Board Global Consumer Confidence Survey, which is conducted in collaboration with Nielsen. The survey which was conducted over the internet, polls more than 32,000 consumers in 64 countries across Asia-Pacific, Europe, Latin America, the Middle East, Africa and North America.India had a Consumer Confidence Index (CCI) score of 133 in the fourth quarter of 2018 edging past the Philippines (131) and Indonesia (127). India maintain its number one position from the third quarter when it scored 130 on the index whereas Philippines and Indonesia were joint fourth in Q3 of 2018 with an identical score of 126. South Korea has the most pessimistic consumers in the world. People there are worried about rising inflation, lower wage growth, a weak stock market, unemployment and global trade uncertainties.Meanwhile, the Global Consumer Confidence Index increased one point to 107 .
Strong gains at Wall Street
For the week indices end in mixed note
Maharashtra: Suresh Prabhu to inaugurate Chipi Airport on March 5
Union Civil Aviation Minister Suresh Prabhu will inaugurate newly-constructed terminal building and associated works of Chipi Airport, Sindhudurg along with Chief Minister Devendra Fadnavis on March 5.The new civil airports at Ratnagiri and Sindhudurg in the Konkan region and other airports infrastructure projects in Maharashtra is likely to boost and tourism in the state.Prabhu has sanctioned more than Rs 1200 crore for the airport infrastructure projects in Maharashtra. The routes connecting Sindhudurg to Pune, Mumbai and Nasik have already been approved UDAN 3.1 and bids have been called from the airlines. The flight operations from the airport (under UDAN scheme) will commence very soon.The Chipi Airport is built at the cost of about Rs. 520 crore. The newly constructed terminal building has a capacity to handle 400 passengers per hour and with an annual passenger capacity of about 10 lakh. An MoU will be signed by Airport Authority of India and Maharashtra Industrial Development .
Nigerian pipeline explodes, forces hundreds to flee
A major Nigerian oil pipeline has exploded, local police said Sunday, forcing nearby residents to flee and raising suspicions of possible sabotage. The Nembe Creek Trunk pipeline runs from an oil terminal in Bonny to the state of Bayelsa with capacity of 150,000 barrels per day. The explosion happened on Friday. "We have not been officially briefed on the incident, but it occurred," Bayelsa State Police spokesman Asinim Butswat told AFP. "No lives were lost as a result of the explosion and we can't confirm if it was an attack by militants or an equipment failure unless the people managing the facility go there" to determine the cause, he said. OPEC member Nigeria is Africa's biggest producer of crude oil. Ndiana-Abasi Mathew, a public relations official for Aiteo, the company that manages the pipeline, confirmed the incident in a text message on Saturday. "There is no official statement at the moment but I can gladly inform you that the fire has been contained and no lives were lost,"
Petrol, diesel prices go up on Sunday
Transport fuel rates continued to increase on Sunday in tandem with global crude prices, which have been rising following the implementation of output cuts by oil producers from January 1.
Input tax credit removal on select items revives black money fears
The government last month slashed the goods and services tax (GST) on the real estate sector, but along with that it also did away with the input tax credit (ITC), which experts and analysts feel goes against the very purpose of tracking the money trail and curbing black money.
Easing Indo-Pak ties, FII flows to steer equity markets (Market Outlook)
Easing Indo-Pak tensions, combined with the direction of foreign fund flows and the rupee's movement against the dollar, will steer the equity market's trajectory in the coming week.
ICICI-Videocon loan case: ED questions Matix owner Nishant Kanodia
The Enforcement Directorate here on Sunday interrogated Matix Group owner Nishant Kanodia in its ongoing investigation in an alleged loan scam involving ICICI Bank and the Videocon Group, an official said.
Jual Oram inaugurates CNG station at Rourkela
Union Tribal Affairs Minister Jual Oram Sunday inaugurated a Compressed Natural Gas (CNG) station of the GAIL Gas Limited in Rourkela. Oram said the CNG station located at Chhend Ring Road, one of the prime locations of Rourkela, will give fillip to build an eco-friendly mobility network in the steel city in Sundargarh district. The minister also filled the first auto-rickshaw with the environment friendly fuel and interacted with auto-rickshaw drivers. The GAIL Gas Limited has bagged the City Gas Distribution (CGD) project for supplying CNG to transport Sector, Piped Natural Gas for Households, Industries & Commercial Units in Sundargarh and Jharsuguda Districts, an official said.
Jet Airways grounds 2 more planes, total 23 out of operations
Beleaguered carrierJet Airways has groundedtwo more of its aircraft due to non-payment of lease rentals, taking the total number of planes on ground to 23. With the grounding of two more planes, almost 20 per cent of aircraft in the airlines fleet are now out of operations. "An additional two aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements," the airline said in a filing to the stock exchanges on Saturday. It also said that it is actively "engaged" with all its aircraft lessors and regularly provides them with updates on the efforts undertaken to improve its liquidity. The company said it was making all efforts to minimise disruption to its network due to the grounding of these planes and was pro-actively informing and re-accommodating its affected guests. The airline also continues to provide the required and periodic updates to the Directorate General of Civil Aviation (DGCA) in this regard, it ...
Property tax amnesty: EDMC extends last date of scheme to March 31
Ahead of the Lok Sabha polls, the BJP-ruled East Delhi Municipal Corporation (EDMC) has extended the last date for availing an amnesty scheme for payment of property tax to the end of March, officials said Sunday. The other two BJP-ruled corporations, the North and South Corporations -- NDMC and SDMC -- had kept March 31 only as the last date while announcing the scheme earlier. "For property owners in east Delhi, the amnesty scheme has been extended till the end of March. It was to be effective till February 28 earlier," a senior EDMC official said. Under the amnesty scheme, property owners in the city will not have to pay interest and penalty if they clear pending dues of the tax. "For east Delhi, areas in focus are the unauthorised colonies and unauthorised regularised colonies where people do not pay property taxes. Idea is to make this scheme serve as an incentive to bring them under the tax net," the official said. In North Delhi, the NDMC has announced a similar scheme which ...
Nandini milk, dairy products forays into TN
: The 'Nandini' brand of dairy and dairy products, a well known name in Karnataka, Sunday announced its foray into the Tamil Nadu market. It is a unit of the Bengaluru Co-operative Milk Union Ltd (BAMUL), a unit of Karnataka Co-operative Milk Producers Federation Ltd, which retails the 'Nandini' brand. Sundaram BNP Paribas Home Finance, Managing Director Srinivas Acharya formally launched the 'Nandini' brand of products at a function here in the presence of BAMUL President, B G Anjanappa. BAMUL signed an agreement with RKR Dairy for co-packing and marketing milk and other products in Chennai and Tamil Nadu market, a press release said. Currently, the milk and milk products are sold under the 'Nandini' brand through 1,954 retailers, 81 franchise outlets. It has 49 milk parlours and 330 distribution outlets in Karnataka. BAMUL recently commissioned its Rs 600 crore manufacturing unit in Karnataka to produce different types of cheese, yogurts and other value added products.
Indian Bank receives Best Bank Award
: Public sector Indian Bank has bagged the Best Bank Award from the Tamil Nadu government for meeting the needs of women's self-help groups (SHGs). At a function in Salem recently, Chief Minister of the state K Palaniswami handed over the award to the executive director of the bank M K Bhattacharya, a statement said here Sunday. Salem district collector Rohini and senior officials of the bank were present on the occasion, it said.
Bahrain invites Indian fintech firms to set up base
In a bid to promote Bahrain as financial tech hub, the Middle Eastern country is seeking participation from Indian firms to become a part of the growing fintech space in the region. Bahrain provides a plethora of opportunities to Indian fintech firms for open banking, blockchain, crypto assets, robo advisory and remittances. Financial service sector is the second biggest contributor to the GDP behind oil and gas and the effort is to grow the sector further, Bahrain Economic Development Board (EDB) Senior Manager (business development - financial services) Dalal Buhejji said. "Central Bank of Bahrain has put in the right ecosystem to support growth and innovation. We have seen different new regulations coming out recently to support open banking, crypto asset trade regulation and draft regulation on robo advisory," she said. Bahrain acts as the test bed for innovations in financial services space as the country provides many advantages including low cost of doing business, right ...