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Wipro targets $15 bn revenue by 2020

Bengaluru, Feb 2 (IANS) India’s third largest IT firm Wipro Ltd has set a revenue target of $15 billion from its global IT services business by 2020, with 23 percent operating margin, a top executive said on Tuesday. “As detailed to you all recently, our ambition is to double our size and touch $15 billion revenue Full Article

India’s fiscal deficit at 88 percent of target in 9 months

New Delhi, Jan 30 (IANS) India’s fiscal deficit has touched 88 percent of the annual target as on end-December 2015, even as tax revenue crossed the two-thirds mark, as per ...Full Article

Rupee closes above 68-mark, weakens by 17 paise

Mumbai, Jan 28 (IANS) The Indian rupee continued on its downward trajectory for the third consecutive session on Thursday. The rupee closed above the 68-mark against the US dollar during ...Full Article

Chinese banks face more risk amid volatility: Moody’s

Beijing, Jan 26 (IANS) Credit ratings agency Moody’s has highlighted the increased uncertainty and risk that Chinese banks face amid volatility in interest rates, exchange rates, stock prices and fund ...Full Article

Positive global cues, active domestic investors buoy markets

Mumbai, Jan 25 (IANS) Hopes on positive outcomes of the US and Japanese monetary policies, coupled with buying activity by domestic investors, supported the upward movement of the Indian equity ...Full Article

India to be fastest growing big economy in 2016: UN

New Delhi, Jan 22 (IANS) India will be the fastest growing big economy in the world in 2016, a United Nations World Economic Situation and Prospects 2016 report said ...Full Article

Auto Expo 2016 will be biggest of its kind in India: Organisers

New Delhi, Jan 21 (IANS) The organisers of Auto Expo 2016 on Thursday said its 13th edition from February 5 to 9 here is poised to be the biggest ...Full Article

Volkswagen recalls 78,083 vehicles in China

Beijing, Jan 20 (IANS) Volkswagen China will recall 78,083 vehicles due to design defects, an official statement said on Wednesday. Starting from January 25, the recall involves a range ...Full Article

India’s retail inflation inches up to 5.61 percent

New Delhi, Jan 12 (IANS) As prices of pulses continued to pinch consumers, India’s annual retail inflation moved up further to 5.61 percent in December from 5.41 percent during ...Full Article

India remains global growth champ with 7.8 percent economy expansion in 2016

By Arul Louis United Nations, Jan 8 (IANS) India remains the global growth champion with its economy set to increase by 7.8 percent in the new year although a World ...Full Article