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‘Measures to tackle `, CAD at right time’

DNMUM423949 | 10/12/2018 | Author : DNA Money Correspondent | WC :136

New Delhi: Seeking to calm the nerves of stock market investors, a top finance ministry official on Thursday said that the government has a strategy in place to tackle weakening rupee and widening current account deficit (CAD).
The BSE Sensex lost over 750 points while the rupee touched a record low of 74.45 to a dollar. The government sources attributed Thursday’s plunge to external factors. The Indian market is still relatively stable as compared to other equity markets, they said.
“What happened in the United States yesterday had a ripple effect in Asian markets. International Monetary Fund (IMF) has downgraded global and the US growth rate for next year, and both these had an impact on markets,” the official said.
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Caught in a handshake
DNMUM424659 | 10/23/2018 12:00:00 AM | Author : Priyanka Golikeri | WC :671

As start-ups race ahead to acquire emerging competitors, a clutch of high-profile, big branded start-ups are debating mergers with their equally competent rivals.Speculation about an Ola-Uber merger in India has been gathering storm since a

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Why ship repair yards lag global peers
DNMUM424668 | 10/23/2018 12:00:00 AM | Author : Ateeq Shaikh | WC :883

Mumbai: Drydocking facilities for ship repairs in India are far from adequate as compared to shipbuilding capacities. Hence, the country’s ship repair industry is no match for the global competition.As per a research paper - A Comparative St

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ZEE secures tech patent from US
DNMUM424672 | 10/23/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :123

Mumbai: Global media and entertainment firm ZEE Entertainment Enterprises Ltd (ZEE) has secured a patent from the United States (US) for a technology platform developed by its unit ZEE Media Lab in the Silicon Valley.
Built on robust and state-o
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Nokia bets on 4G feature phones
DNMUM424673 | 10/23/2018 12:00:00 AM | Author : Mansi Taneja | WC :652

New Delhi: The latest entrant in the fast-growing 4G feature phone market, Nokia, is betting big on the category that has created enough buzz in the last year since the new telecom player Reliance Jio launched its 4G feature phone at dirt ch

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