Fast-growing Chinese smartphone maker Xiaomi Inc said on Thursday it is migrating some data on non-Chinese customers away from its servers in Beijing due to performance and privacy considerations.
It might be a blue Christmas for Amazon. The world's largest retailer gave a disappointing forecast for the crucial holiday quarter. The company also reported a wider loss than analysts expected for the third quarter.
Foreign companies with units or joint ventures in India may eventually be allowed commercial coal mining in India and dig deep into the mines that that are estimated to contain the world’s fifth largest coal reserves.
Wednesday's closing for rupee is the strongest level since 61.1 against US dollar on October 13, 2014. In the forwards market, premium recovered on fresh payments by banks and corporates.
The government has set itself a deadline of six months to implement Direct Tax Code (DTC) and Goods and Services Tax (GST) as part of its action plan to ease the doing business in India.