Free Press Journal
  • Google acquires HTC’s Pixel team for $1.1bn

    San Francisco, Ending months of speculations, Google on Thursday announced to acquire part of the Taiwan-based HTC Corporation’s mobile division team for $1.1 billion. Certain HTC employees – many of whom are working with Google to develop its Pixel smartphones – will join the US tech giant. However, HTC will continue onward with its own smartphone business even after sending a good portion of its talent and operations over to Google.

  • Jaitley: Revenue needs to restrict any cut in oil taxes

    New Delhi : Finance Minister Arun Jaitley provided no indication Wednesday of any cut in excise duty on petrol and diesel to cushion the spike in rates, saying that the government needs revenue to support public spending without which growth will suffer.

  • Thyssenkrupp deal to up Tata Steel output

    Tata Steel will reduce its consol debt by 2.5 bln euros (193 bln rupees) after combining its European steel operations with the German company

  • Controversy erupts over IUC cut, old players to contest move

    New Delhi : Regulator Trai’s decision to cut call connection charge rate by more than half, if executed, will hit earnings of old mobile operators to the tune of Rs 5,000 crore in the current fiscal, industry body COAI Wednesday said. Rajan S Mathews, Director General, Cellular Operators Association of India (COAI), in an interview to PTI demanded that Trai should explain the calculation model it had used to arrive at the

  • ONGC makes oil discovery in Bombay High Fields

    New Delhi : State-owned Oil and Natural Gas Corp (ONGC) has made a significant oil discovery to the west of its prime Mumbai High fields in the Arabian sea, a senior official said Wednesday. The discovery in the well WO-24-3 is estimated to hold an in-place reserve of about 20 million tonnes, he said. Mumbai High, India’s biggest oil field, currently produces 205,000 barrels of oil per day (just over 10 million

  • Auction of 54 mines to fetch Rs 1.5L crore

    The states have garnered Rs 73,000 cr revenue from auction of 21 mineral blocks so far. This time participation is likely to be increased as more mines, including limestone, iron ore and gold, will be put for auction

  • Black money reports being reviewed:Finmin

    New Delhi : The Finance Ministry says it is examining three reports on the quantum of black money held by Indians inside the country and abroad that were commissioned by the previous UPA regime and submitted more than three years ago.

  • Peer-to-Peer lending to be NBFC biz: RBI

    New Delhi : Peer-to-peer lending (P2P) platforms will be treated as non-banking financial companies (NBFCs) and thus regulated by the RBI, the central bank said in a notification. P2P lending is a form of crowd-funding used to raise loans which are paid back with interest. It can be defined as the use of an online platform that matches lenders with borrowers in order to provide unsecured loans.