deccanchronicle.com/rss/SCI-TECH/rss.xml en http://www.deccanchronicle.com/130620/news-businesstech/article/rupee-not-shambles-govt-ready-take-step-curb-volatility-chief New Delhi: Asserting that Rupee is not in 'shambles', Finance Ministry on Thursday said the government, RBI and SEBI are alert to the situation and will take actions as warranted. "We are not short of instruments ... We have a range of instruments to call on as and when needed, we will call upon Rupee economy Raghuram G. Rajan Markets dollar Gold finance ministry gold imports RBI SEBI current account deficit TO DO Thu, 20 Jun 2013 16:50:58 +0530 TODO http://www.deccanchronicle.com/130620/news-businesstech/article/rupee-slide-how-will-it-affect-you Bengaluru: Life isn't all about what we dream of.  That is the harsh reality some students are facing now with the continued downward slide of rupee. Their dream to get a foreign degree seems to remain unfulfilled as their parents will have to shell out much more than expected. Rupee on Thursday  Rupee economy Markets dollar automobiles current account deficit TO DO Thu, 20 Jun 2013 16:50:32 +0530 TODO http://www.deccanchronicle.com/130620/news-businesstech/article/rupee-hits-new-all-time-low-60-down-130-paise-against-usd Sensex tumbles 500 points Mumbai: The BSE benchmark Sensex today plunged over 500 points at mid-session, its biggest intra-day fall since March last year, on capital outflows as the rupee hit record low against the dollar amid a weakening trend in the global markets. The 30-share barometer after BSE Sensex economy Rupee dollar Markets TO DO Thu, 20 Jun 2013 15:42:32 +0530 TODO http://www.deccanchronicle.com/130619/news-businesstech/article/ban-milk-items-china-extended-one-year New Delhi: The government has extended the ban on imports of milk and its products from China for one more year till June 2014. "Prohibition on import of milk and milk products (including chocolates and chocolate products and candies/ confectionary/ food preparations with milk or milk solids as an milk China TO DO Thu, 20 Jun 2013 12:52:58 +0530 TODO http://www.deccanchronicle.com/130620/news-businesstech/article/us-fed-stimulus-intact-re-may-rise Washington/New Delhi: The US Federal Reserve on Wednesday said that it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the program, despite intense market speculation it could soon start drawing it to a close. Describing the business US Federal Reserve currency FOMC TO DO Thu, 20 Jun 2013 10:31:12 +0530 TODO http://www.deccanchronicle.com/130620/news-businesstech/article/slump-fails-slow-down-hnis-rise New Delhi: The world is home to 1.2 crore millionaires with collective net worth reaching a record high of $46.2 trillions, with India clocking the second highest growth of 22.2 per cent in its high net worth individuals (HNI) population last year after Hong Kong, a report said on Wednesday. business World Health Report 2013 Asia-Pacific high net worth individuals (HNWI) super-rich TO DO Thu, 20 Jun 2013 10:02:57 +0530 TODO http://www.deccanchronicle.com/130620/news-businesstech/article/low-cost-carriers-make-it-big Mumbai: Low-cost air carriers are eating into the market share of full service airlines in the business travel category as corporates are adopting conservative travel policies to reduce their cost of operations especially after the 2008 global financial crisis. As per Global Business Travel business aviation low-cost carrier AirAsia AirAsia-Tata Telestra Tradeplace TO DO Thu, 20 Jun 2013 09:21:29 +0530 TODO http://www.deccanchronicle.com/130620/news-businesstech/article/it-firms-battling-mindshare-social-networking-sites Bengaluru: India had some 78 million Facebook users at last count, and close to 140 million internet users, presenting a huge opportunity for businesses to use social media for communications, customer engagement, product and brand recall, customer acquisition, retention and loyalty. While business IT social media TO DO Thu, 20 Jun 2013 09:17:31 +0530 TODO http://www.deccanchronicle.com/130619/news-businesstech/article/european-commission-fines-9-pharma-firms-including-ranbaxy New Delhi: The European Commission on Wednesday imposed a fine of 146 million euros on nine pharma companies, including Ranbaxy Laboratories, for delaying market entry of cheaper generic versions of Danish company Lundbeck's branded citalopram, a blockbuster antidepressant. According to citalopram European Commission Ranbaxy Lundbeck TO DO Wed, 19 Jun 2013 20:36:50 +0530 TODO http://www.deccanchronicle.com/130619/news-businesstech/article/rupee-sinks-90-ps-record-closing-low-5877-ahead-fed-meet Mumbai: Resuming its downfall, the rupee today sank by a whopping 90 paise to all-time closing low of 58.77 on account of massive dollar buying by banks and importers as forex markets became jittery ahead of Fed's decision on continuing monetary stimulus. Capital outflows also affected the market economy Rupee FII Federal Open Market Committee (FOMC) TO DO Wed, 19 Jun 2013 09:59:05 +0530 TODO http://www.deccanchronicle.com/130619/news-businesstech/article/rupee-recovers-15-paise-against-dollar-early-trade Mumbai: The rupee recovered by 15 paise to 58.62 against the dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the US currency by exporters. However, dollar's strength against other currencies overseas capped the rupee's gain as investors await the Rupee Interbank Foreign Exchange market dollar TO DO Wed, 19 Jun 2013 09:57:45 +0530 TODO http://www.deccanchronicle.com/130619/news-businesstech/article/voda-triggers-data-price-war New Delhi: Intensifying the data price battle among telecom players, Vodafone India on Tuesday slashed its data charges by up to 80 per cent in three circles. The new, cheaper rates will be rolled out nationally in a phased manner. The telecom operator has reduced the price from 10 paise per 10 KB Vodafone data price internet TO DO Wed, 19 Jun 2013 08:59:17 +0530 TODO http://www.deccanchronicle.com/130619/news-businesstech/article/centre-may-bite-gas-bullet-price-hike-cards New Delhi: The government could this week take the unpopular measure of raising gas prices for the first time in three years as it pushes a package of reforms aimed at giving industry a boost, reviving a spluttering economy and boosting LNG imports. With local and national elections looming in the LNG price energy TO DO Wed, 19 Jun 2013 08:56:56 +0530 TODO http://www.deccanchronicle.com/130619/news-businesstech/article/murthy-affair-suit-filed-us-against-igate New Delhi: Out-sourcing firm iGate has been slapped with class action lawsuit in the US for alleged violations of federal securities laws in view of its sacked chief executive officer Phaneesh Murthy's “improper relationship” with a subordinate employee. The suit has been filed on behalf of iGATE Phaneesh Murthy US TO DO Wed, 19 Jun 2013 08:54:46 +0530 TODO http://www.deccanchronicle.com/130618/news-businesstech/article/huawei-launches-worlds-slimmest-smartphone London: China's Huawei unveiled its flagship smartphone, the Ascend P6, at its first standalone launch event on Tuesday, underlining its ambitions to compete with Apple and Samsung in the top tier of mobile technology. The company says the device, at 6.18 mm thick, is the world's slimmest. It has Huawei Ascend P6 Smartphones TO DO Tue, 18 Jun 2013 22:24:10 +0530 TODO http://www.deccanchronicle.com/130618/news-businesstech/article/finance-ministry-proposes-sweeping-changes-fdi-regime New Delhi: Seeking to promote India as an investment destination, the Finance Ministry on Tuesday proposed sweeping changes in the FDI regime, favouring higher sectoral caps in almost all sectors including defence, multi-brand retail and telecom. Virtually doing away with the 26 per cent ceiling, investment Foreign Investment FDI telecom defence economy India current account deficit TO DO Tue, 18 Jun 2013 21:37:14 +0530 TODO http://www.deccanchronicle.com/130618/news-businesstech/article/jp-morgan-downgrades-maruti-underweight-0 J.P. Morgan downgrades Maruti Suzuki to ‘underweight’ from ‘neutral’ and cut its target price to 1,510 rupees from 1,750 rupees, citing muted passenger car demand in India and increasing competition in higher value segments. "We believe the current FY12-14E downturn in the Indian automobile J.P. Morgan Maruti TO DO Tue, 18 Jun 2013 16:13:00 +0530 TODO http://www.deccanchronicle.com/130618/news-businesstech/article/jp-morgan-downgrades-maruti-underweight J.P. Morgan downgrades Maruti Suzuki (MRTI.NS) to "underweight" from "neutral" and cut its target price to 1,510 rupees from 1,750 rupees, citing muted passenger car demand in India and increasing competition in higher value segments. "We believe the current FY12-14E downturn in the Indian Maruti Suzuki J.P. Morgan Car Automobile TO DO Tue, 18 Jun 2013 13:20:02 +0530 TODO http://www.deccanchronicle.com/130618/news-businesstech/article/soon-you-could-send-messages-aliens-space Washington: A new project is asking people having an internet connection to help beam messages into outer space in an attempt to make our presence in the universe known. According to officials, the Lone Signal project will be humanity's first-ever attempt to send continuous messaging to Aliens message newswrap TO DO Tue, 18 Jun 2013 12:27:17 +0530 TODO http://www.deccanchronicle.com/130618/news-businesstech/article/china-has-fastest-supercomputer Beijing: China has built the world's fastest supercomputer, almost twice as fast as the previous U.S. holder and underlining the country's rise as a science and technology powerhouse. The semi annual TOP500 official listing of the world's fastest supercomputers released on Monday says the Tianhe-2 China supercomputer Tianhe-2 technology newswrap TO DO Tue, 18 Jun 2013 12:15:55 +0530 TODO http://www.deccanchronicle.com/130618/news-businesstech/article/bse-sensex-down-80-points-early-trade Mumbai: The BSE benchmark Sensex on Tuesday fell by almost 80 points in early trade due to profit-booking after two sessions of gain. The 30-share barometer fell by 79.98 points, or 0.41 per cent, to 19,245.89, led by losses in stocks of banking, power, oil and gas and metal sectors. The index had BSE Sensex Market TO DO Tue, 18 Jun 2013 11:11:20 +0530 TODO http://www.deccanchronicle.com/130618/news-businesstech/article/maldives-anti-graft-body-gives-clean-chit-gmr Male: In a relief for GMR, the Maldives’ anti-graft watchdog is believed to have ruled out any corruption in the leasing of Ibrahim Nasir International Airport here to the Indian infrastructure major by the previous administration. The current Maldivian government had in December last year GMR Maldives Ibrahim Nasir International Airport TO DO Tue, 18 Jun 2013 09:45:59 +0530 TODO http://www.deccanchronicle.com/130618/news-businesstech/article/ksk-firm-seeks-wind-ilfs-arm Hyderabad: The Andhra Pradesh High Court on Monday admitted a petition filed by Wardha Power Company Limited (WPCL), a subsidary of Hyderabad-based KSK Energy, seeking to an order to wind-up IL&FS Engineering and Construction Company Ltd as it had defaulted on repaying the money it owed to the Andhra Pradesh High Court WPCL KSK Energy TO DO Tue, 18 Jun 2013 08:57:25 +0530 TODO http://www.deccanchronicle.com/130618/news-businesstech/article/cad-rises-may-yellow-fever New Delhi: India’s exports contracted by 1.1 per cent in May to $24.5 billion after growing for four consecutive months. However, imports jumped by seven per cent to $44.65 billion in May. This has pushed trade deficit to a seven month high of $20.1 billion in May as gold imports continue to surge CAD Gold business TO DO Tue, 18 Jun 2013 08:57:09 +0530 TODO http://www.deccanchronicle.com/130617/news-businesstech/article/rbi-keeps-key-rates-unchanged Mumbai: Reserve Bank today kept the key interest rates unchanged citing elevated food inflation, rupee depreciation and uncertainty over foreign fund inflows. The repo rate at which the RBI lends to the system has been retained at 7.25 per cent, while the cash reserve ratio will continue to be 4 Reserve Bank of India inflation Bank Asia interest rates TO DO Tue, 18 Jun 2013 08:56:57 +0530 TODO http://www.deccanchronicle.com/130618/news-businesstech/article/asteroid-found-new-class-rock New York: A massive asteroid that whizzed past the Earth in May belongs to an entirely new category of space rock, latest radar images have shown. Asteroid 1998 QE2 and its moon sailed within 5.8 million kilometres of Earth on May 31, making their closest approach to our planet for at least the Asteroid rock space radar TO DO Tue, 18 Jun 2013 08:38:10 +0530 TODO http://www.deccanchronicle.com/130617/news-businesstech/article/airasia-india-appoints-tcs-ramadorai-chairman Mumbai: AirAsia India today moved closer to getting off the ground by appointing S Ramadorai as its Chairman, ending months-long suspense and having in place the entire top management team. A day after getting Tata Group patriarch Ratan Tata as the chief advisor, AirAsia Group chief executive AirAsia India TCS S Ramadorai Tony Fernandes Rata Tata TO DO Mon, 17 Jun 2013 23:07:19 +0530 TODO http://www.deccanchronicle.com/130617/news-businesstech/article/govt-appoints-s-k-roy-lic-chairman New Delhi: The government today appointed S K Roy as the Chairman of Life Insurance Corporation of India. The Appointments Committee of the Cabinet (ACC) has already cleared his name. The notification in this regard has been issued, sources said. Roy, who at present is a Managing Director in the LIC S.K. Roy Appointments Committee of the Cabinet (ACC) TO DO Mon, 17 Jun 2013 22:41:54 +0530 TODO http://www.deccanchronicle.com/130617/news-businesstech/article/lg-hikes-prices-home-appliances-5-rupee-fall Guwahati: Consumer durables major LG Electronics India on Monday said it will hike prices of its entire range of home appliances by up to five per cent due to weakening rupee with effect from Tuesday. "Due to continuous rupee depreciation, it has become imperative for us to consider the price hike Rupee LG home appliances TO DO Mon, 17 Jun 2013 15:24:01 +0530 TODO http://www.deccanchronicle.com/130617/news-businesstech/article/now-app-helps-you-confess-your-sins Washington: A Roman Catholic prelate has developed a smart-phone application that will help let his parishioners know when and where he is available to listen to their sins. Rev. Richard Heilman 's My Confessor App allows faithful to keep up digitally with when their local priest is hearing application sins Church newswrap TO DO Mon, 17 Jun 2013 12:06:13 +0530 TODO