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Showing posts with the label Economy

Rupee closes stronger against dollar at 63.15

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Mumbai: The Indian rupee on Tuesday strengthened from its previous close, tracking gains in the local equities. Since January, the rupee has fallen 0.16%, while foreign institutional investors have bought $8.30 billion from local equity and $6.71 billion from bond markets The traders are also cautious ahead of the US Federal Reserve two-day policy meeting. Analysts expected no change in policy stance from the two-day Federal Open Market Committee meeting starting later Wednesday, as recent domestic data have been weaker than forecast and a strong dollar has crimped export activities, Reuters reported. The rupee closed at 63.15, up 0.55% from its previous close. This is the domestic currency’s sharpest gain since 9 January. The local unit opened at 63.36 from its previous close of 63.49 and touched a high and a low of 63.11 and 63.46, respectively. Since January, the rupee has fallen 0.16%, while foreign institutional investors have bought $8.30 billion from local equity and ...

Alibaba 56,000 crores

Alibaba said a record $2 billion of goods were sold in the first hour of its Singles Day shopping bonanza in China today, maintaining the day’s dominance as the world’s biggest retail event as it went global for the first time. The e-commerce giant said that amount was more than a third of the $5.8 billion full-day sales recorded on the same day last year and analysts say this year will blow that out of the water.

Govt banks re-evaluating ATM charges

Even as State Bank of India, the country's largest lender, has decided to charge its customers for more than fivetransactions through automated teller machines (ATMs), private sectors banks continue to be on a wait-and-watch mode. However, following SBI's decision, some major public sector banks are re-evaluating the cost of ATM transactions and are likely to take a decision on restricting the number of free transactions. Among them is public sector lender IDBI Bank. A senior IDBI bank executive said: "As of now, the bank has not changed the terms for ATM usage though RBI (Reserve Bank of India) permitted us. But it has become an expensive proposition, especially when our customer uses other banks' ATMs. An internal assessment is underway for taking a call on revising the terms and charges." IDBI Bank has 2,727 ATMs at the end of September 2014, he added. A Bank of India official also said they have not revised the charges as of now, but they will review the usag...

Andhra Pradesh unveils road map for new capital city

HYDERABAD: Andhra Pradesh will have a "riverfront" capital on the south side of river Krishna as the State Government ended months of suspense and speculation today by announcing that 17 villages in the existing Guntur district will be developed into a new capital city. The villages, however, will not be disturbed and the capital city will be built in six sectors of 5,000 acres each, according to members of the State Capital Advisory Committee. It's for the first time the TDP-led Government has come out with a clear location of the new capital as it has so far been saying it would come up in the Vijayawada region. The 17 villages, of course, are within a 30-km periphery of Vijayawada, though on the other side of river Krishna in neighbouring Guntur district. The villages that will form part of the new capital are: Neerukonda, Kuragallu and Nidamarru in Mangalagiri mandal; Borupalem, Tulluru, Nelapadu, Nekkallu, Sakamuru, Mandadam, Malkapuram, Velagapudi, Mudalingayapalem...

Wall-Mart in Vijayawada,Guntur

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    Hyderabad, Sep 21 (Wal-Mart India, the fully owned subsidiary of Wal-Mart Stores Inc., the world's leading retailer, is extending its B2B platform to its customers in Guntur and Vijayawada towns of Andhra Pradesh. Members of Best Price wholesale stores in the two towns can shop and book orders online from Oct 1, the firm announced on Saturday. As a virtual store, the e-commerce platform will provide a similar assortment of products as the brick and mortar Best Price Modern Wholesale stores including a select variety of fresh fruits and vegetables. This will take the tally of e-commerce platforms to four stores in India. The This was launched from July this year for members of Lucknow and Hyderabad Best Price stores. Members can navigate the virtual store and place orders on 24/7 interactive site www.bestprice.in. In addition to the delivery at their doorsteps, convenient payment solutions will help them make faster business decisions. "Given the tremendo...

Aadhaaram

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Book My Show

Book My Show Mobile app which provides an easy chance for the Mobile users to get entertainment through a simple and easy way. Book My Show is very user friendly application and is checked by the local people frequently watching movies. A single tapping on the screen widget can allow the user to watch the favorite movie of his choice. One way to watch the movies of our choice is to choose the movies and book for them. The Book My Show application will display the list of movies and cinemas, the list of the movies and the timings of the show. The Book My Show Mobile app will help in choosing the seats where the person has to sit and the tickets for those seats can be booked previously. The application helps in supporting the multiple payment secured option. The primary release of the application has the opportunity to provide movie tickets while the improved releases will provide the tickets for the plays, sports and concerts. The people mad about watching the movies can have the gre...

Download 6,000 movies/second

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  Denmark Scientists invented the internet with high speed of 6000 movies download per second.

Google offers Rs.6 crore Prize

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NEW DELHI: Tech giant Google is offering a prize of USD one million (about Rs 6 crore) for building a compact solution for transforming renewable energy into a power source that can be used at home. Google, along with Institute of Electrical and Electronic Engineers ( IEEE), has started a 'Little Box Challenge' to design and build a kW-scale power inverter, a device used to convert renewable energy, including solar and wind, before transforming it into suitable current for home and vehicles. The challenge is that the new device has to be of the size of a small laptop, roughly 1/10th of the current size. "We are looking for someone to build a kW-scale inverter with a power density greater than 50W per cubic inch. Do it best and we will give you a million bucks," Google said in a blogpost. Google believes that this will help "change the future of electricity". "We believe that inverters will become increasingly important to ...

Rs. 3,000 cr. worth iPads for LowCost

Chief Minister N. Chandrababu Naidu on Friday said the State government was thinking of distributing 'iPad' to all households in the State at an estimated cost of Rs. 3,000 crore. Speaking on the second day of his two-day tour of the Anantapur district, he said the State government was in talks with telecom service providers such as Reliance, Airtel and BSNL to offer 4G services to those iPads so that the best of the technological advances could be known by the people, egging them on to further development. “Even students can reduce their load of books and switch over to the iPad,” said Mr. Naidu, even as he said the State government would make full use of modern technology to reach out and create an interface with the people. Earlier in the day, Mr. Naidu visited the famous Lakshmi Nrusimha Swamy temple in Kadiri town and prayed there before proceeding to a dargah close by. At a meeting with weavers and farmers at Mudigubba mandal hesdquarters, as part of the last leg...

Jet, Etihad Airways Spl.Offers

New Delhi, July 24 (IANS) Domestic airline company Jet Airways and its Abu Dhabi-based partner Etihad Airways Thursday started a 72-hour joint special fare offer. According to Jet Airways, the offer will be available from July 25-27 next with travel effective from Sep 1, 2014 till June 15, 2015 for flights within India and from Sep 1 till Nov 30, 2014 for flights to international destinations. The offer is valid for both economy and business class of Jet and Etihad Airways availing with a flat 20 percent to 50 percent discount over regular fares on the combined network of the two airlines across over 135 destinations worldwide. "The special introductory offer is a celebration to mark the formalisation of the strategic alliance between Etihad Airways and Jet Airways. Together we offer our guests the choice of an unparalleled global network, and flexibility of schedules and connections," said Gaurang Shetty, senior vice president - commercial, Jet Airways. "Add t...