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China vows to strike back at US tariffs threat

Beijing: The trade war between the United States and China escalated Friday as Beijing threatened to unleash "countermeasures" against US plans to impose tariffs on $300 billion in Chinese goods. President Donald Trump jolted US and Asian stock markets as he issued the threat just...

Finance Minister Nirmal Sitharaman

Business failures should not be looked down upon: FM

New Delhi: Reacting to the death of Cafe Coffee Day founder V G Siddhartha, Finance Minister Nirmala Sitharaman Thursday said business failures in the country should not be tabooed, or looked down upon. Responding to the debate on the Insolvency and Bankruptcy Code (IBC) in...

Hyperloop: The future of transportation in India

New Delhi:  Ever since SpaceX CEO Elon Musk proposed the idea of hyperloop architecture in the summer of 2013, there has been a lot of interest in this mode of transportation that promises to run at over 1,000 km per hour -- 10-15 times faster...

Auto majors in slow lane; July sales see double-digit slump

New Delhi: Continuing to face rough weather, Maruti Suzuki, Hyundai and three other auto majors reported a double-digit decline in sales in July as consumer sentiment remained subdued. Market leader Maruti Suzuki India (MSI) said its domestic sales were down 36.3 per cent at 98,210...

State lags in utilising DMF funds; 55% remains unspent

Bhubaneswar: In spite of collecting crores of rupees from miners under District Mineral Foundation (DMF) scheme, the state government has failed to spend even half of the amount on improving the lives of people affected by mining. The government’s statement in the Assembly Thursday states...

Niti Aayog to set up desal plants along coastline

New Delhi: The Niti Aayog is working on a proposal to set up a string of floating desalination plants in marine waters along the country's over 7,500-km coastline, with a view to tide over the water crisis being faced in major urban centres of India....

Global smartphone shipments slip 1.2 pc

New Delhi: Global smartphone shipments fell 1.2 per cent to 360 million units in the second quarter of 2019, making it the seventh consecutive quarter of decline, research firm Counterpoint said on Wednesday. A total of 364.3 million units were shipped in the April-June 2018...

 

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