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Fri, Apr 20 2018. 06 17 PM IST
India’s steel production rose to 86.7 million tonnes in the nine months to December 2017 from 73.96 million tonnes in the year-ago period, steel ministry data shows. JSW Steel (with a capacity of 18 mt) and Jindal Steel and Power (8.6 mt) recorded their highest ever quarterly and monthly crude steel production, respectively in the March quarter. Tata Steel (13 mt) was hampered by a temporary technical snag at its Kalinganagar blast furnace but crossed the 3 mt mark for the quarter. At 12.48 mt for the year, it recorded its highest ever output for the full year FY18.
Fri, Apr 20 2018. 06 15 PM IST
The eligibility criteria for the strategic disinvestment is only financial and does not require investors to have prior experience in the aviation sector. Emphasis on allowing other investors to bid in the Air India privatisation process comes after some airlines, including IndiGo and Jet Airways, dropped out. So far the department of investment and public asset management has received a lot of queries regarding Air India privatisation from prospective airline and non-airline investors.
Fri, Apr 20 2018. 05 46 PM IST
An Indian man missing for 40 years reunited with his family after a YouTube video of him singing a popular Hindi film song went viral. Firoze Shakir, a street photographer, shot the video and uploaded it to YouTube in October last year. Khomdram Gambhir Singh was 26 when in 1978 he left his home in Imphal and never returned. For four decades his family heard nothing. Then a clip showing a grey-bearded man singing a Bollywood song on a Mumbai street 3,300 kilometres away appeared online.
Thu, Apr 19 2018. 09 00 PM IST
In a letter to shareholders early on 19 April, Amazon chief Jeff Bezos cited data from market analytics firms comScore and SimilarWeb to highlight Amazon’s dominance in India. He also pointed to data from analytics firm App Annie to highlight that the company’s mobile shopping app was the most downloaded shopping app in India last year
Thu, Apr 19 2018. 08 57 PM IST
The electronics market in India, barring smartphones, is still not compelling enough for major tech companies to rush in their new products at the same time they are being released in the US or the UK. Microsoft’s Xbox One X was released in the US in August 2016, but arrived in India only in October 2017. Amazon’s Echo speakers came to India, 11 months after they were released in the US. If you are planning a trip to the US or the UK, here are some gadgets you can include in your shopping list
Wed, Apr 18 2018. 06 51 PM IST
Cash may no longer be the king it once was, but dry ATMs still do pinch, even 15 months after demonetisation. Although the government has stepped in and assured that it is taking steps to tackle the cash shortage at ATMs, the printing of notes appears to be taking some time. Aside from the government’s reassurances, here are five ways to beat current cash shortage.
Wed, Apr 18 2018. 06 48 PM IST
As Flipkart waits to close its $12 billion stake sale to Walmart, a fresh round of talks might happen between the US-based retail giant and global e-commerce behemoth eBay to figure out issues related to merchants. Walmart might have to negotiate with eBay if it wants to do business over the next few years. EBay has invested $500 million in Flipkart and holds a 5% stake in the company. Walmart is planning to pick up around 55% stake in Flipkart through a mix of primary and secondary stake sale, paying around $8-10 billion.
Wed, Apr 18 2018. 03 40 PM IST
IMF chief Christine Lagarde last week warned governments to steer clear of protectionism in all its forms, saying the trade frictions hurt poor consumers the most as costs increase, and that they also undermined a system that had broadened prosperity worldwide