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Microsoft to buy Nokia’s Device Business

In a major development, IT giant Microsoft has decided to acquire Nokia's device and services business for worth $5 billion and also control the mobile maker's patents and mapping assets for another $2.17 billion. The total deal, which…

Micromax Owners arrested in Bribery Case

The CBI has arrested Rajesh Agarwal and Manish Tuli, co-founders of Micromax mobiles, for allegedly giving Rs 30 lakh bribe to the officials of North Delhi Municipal Corporation to get clearance for the construction of a banquet hall in the…

Indian Rupee drops to 61.80 vs US Dollar

The Indian Rupee recorded its biggest fall to slump to a new low of 61.80 against the USD at around 2 PM. But, later, it made some recovery to 60.77 after the RBI intervention. The Rupee has plunged over 1.6 per cent so far in August.…

Petrol, Diesel Prices Go Up Again

Attributing to the decline of Indian Rupee against the US Dollar, the oil companies have hiked the petrol prices by 70 paise, while the diesel prices went up by 50 paise as part of the monthly hike. With the inclusion of VAT, the actual…