Global Shares Fall After China’s Weak PMI Data
Global shares fell Tuesday, burdened by disappointing manufacturing data out of China, which fueled fresh concerns over growth in the world’s second-largest economy. The Stoxx Europe 600 fell 1.4% in early trade, while Germany’s DAX lost 1.8% and France’s CAC 40 declined 1.5%. The U.K.’s... read more »
Sanjay Kapoor steps down as chairman of Micromax
New Delhi: Sanjay Kapoor has stepped down as chairman of Micromax, a little over a year after joining India’s second-largest handset vendor. “Sanjay Kapoor has decided to move on. Appropriate announcements will be made in due course. We would like to thank him for his contribution and... read more »
RBI likely to cut interest rates in September policy meet
There is a better than even chance that the Reserve Bank of India (RBI) will cut interest rates at its policy meeting on September 29 thanks to inflation striking a record low, according to a Reuters poll, marking a shift in expectations from earlier. The median from survey of 21 economists showed... read more »
Vodafone India to launch 4G services by 2015 end
NEW DELHI: Vodafone India today said it will launch its fourth-generation (4G) mobile telephony services by 2015-end, an announcement that comes days after market leader Airtel rolled out its own. The rollout will match the upcoming 4G commercial launch by Reliance Jio. “Important data... read more »
