Xiaomi’s profit tripled to $275 million in Fourth Quarter
Chinese smartphone maker Xiaomi Corp said on March 19 its fourth-quarter net profit more than tripled to 1.85 billion yuan ($275.59 million), on stronger revenue.That profit exceeded the 1.7 billion yuan average estimate of 10 analysts,…
Exim Bank grants $83 million in loans to Congo to finance three solar power projects in Central…
Exim Bank on March 19 said it has given a loan of $83.11 million to Congo to finance three solar power projects in the central African country. Export-Import Bank of India (Exim Bank) has, on behalf of the government, extended three lines of…
Azeri Energy Ministry says Keeping Russia and China as main exporter Venezuela has suspended oil…
Venezuela has suspended its oil exports to India and views Russia and China as its main export destinations, the Azeri energy ministry said on Tuesday, citing Venezuela's oil minister.The Azeri ministry issued the statement on Tuesday…
Enforcement Directorate to investigate if Amazon, Flipkart violated foreign exchange law
Investigation has been initiated against e-commerce giants Amazon and Flipkart for alleged violation of foreign exchange law, the Enforcement Directorate (ED) Monday informed the Delhi High Court.A bench of Chief Justice Rajendra Menon and…
Doors are open for India to bring serious trade deal on the table, US says
Observing that trade has been an area of frustration in bilateral ties, the US has said that the door is open if India is prepared to bring a serious proposal to the table to address the issues related to trade and market access.The US in…
Saudi Arabia to receive $20 Billion in passive inflows
Saudi Arabia's inclusion in major emerging markets stock indices from March 18 is likely to suck in around $20 billion in passive inflows, but unease after Jamal Khashoggi's murder and sluggish reforms could lead some active foreign investors…
Lakshmi Vilas Bank secures Rs 459 crore through QIP
India's private sector bank, Lakshmi Vilas Bank has announced that "It has raised Rs 459.59 crore through Qualified institutions placement (QIP)."Lakshmi Vilas Bank, in its statement on Saturday, said that "At the rate of Rs 72 per share,…
India’s trade deficit narrows to $9.60 billion for Feb
India's trade deficit narrowed to $9.60 billion in February, dragged down by a fall in gold and oil imports, the trade ministry said in a statement on Friday.Trade deficit was $14.73 billion in January.In February, merchandise exports…
Zomato partners with Traffic training institute-Cyberabad to train more than 600 delivery partners
In an attempt to increase the road safety awareness within the delivery partners, One of India's largest food delivery company Zomato on Friday announced that "it has partnered with Traffic training institute of Cyberabad."The company, in…
Tech Mahindra to acquire 100 percent shares in K-Vision Co
One of India, largest technology major Tech Mahindra has announced that "The company has agreed to acquire 100 percent stake of K-Vision a Japan-based network services providing company for mobile communications carriers."In a filing at…