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Kumar Mangalam Birla: Vodafone-Idea may opt for insolvency in absence of government relief
Kumar Mangalam Birla, the Chairman of Aditya Birla Group on Friday, said that "Vodafone Idea will shut the shop and opt for insolvency if the government does not provide the substantial relief which the company has asked for."Calling AGR…
Japan approves 26 trillion yen as economic stimulus package to combat overseas risks
Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($239 billion) with fiscal spending of 13.2 trillion yen, aimed at preventing overseas risks from damaging both exports and domestic demand, government officials said.…
Iran OPEC envoy: "Tehran would back majority decision to cut oil output"
Iran would support a majority decision by members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production, the country's OPEC envoy said on Thursday, according to Iranian oil ministry website SHANA."Iran…
Shadowfax raises $60 million in series D round funding from Flipkart, Eight Roads Venture, World…
India based logistics startup Shadowfax has raised $60 million in series D round funding from Flipkart, Eight Roads Ventures, and few others.The new round funding led by Walmart-owned Flipkart has also seen the participation of Eight Roads…
Dhruva Space secures Rs 5 crores in collective funding from Mumbai Angels, Ravikanth Reddy, and…
A Hyderabad-based end to end solution provider for building small satellites, Dhurva Space has secured Rs 5 crores in a collective angel round funding from Mumbai Angels, Ravikanth Reddy and other external angels.Ravikanth Reddy Managing…
India making sixth interest rate cut, still no cure for economy
Five interest rate cuts since the start of the year hasn't stopped India's economy from slowing to its weakest growth rate since 2013, but the country's central bank is expected to make its sixth cut on Thursday to give what little relief it…
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Saudi Arabia increases light crude prices for Asia to six-year high
Saudi Arabia raised on Monday its light crude prices for sales to Asia in January to the highest in six years, tracking gains in the Middle East crude benchmark and higher margins for light distillates last month.Tight supplies and…
Walmart partners with HDFC Bank launches co-branded credit card for members of Wholesale B2B cash…
HYDERABAD: Walmart India, in partnership with HDFC Bank, on Monday launched a co-branded credit card exclusively for members of its Best Price Modern Wholesale "B2B Cash & Carry" stores, offering "free credit up to 50 days.The card was…
Argentina's fintech startup Uala plans for expansion with Tencent, SoftBank, and Pierpaolo…
Argentine digital banking startup Uala is looking to more than double in size, expand its product range and leverage expertise from new investors including Chinese tech giant Tencent and Japan's SoftBank, founder Pierpaolo Barbieri said.…
Panasonic Corp to sell its semiconductor business to Nuvoton Technology
Japan's Panasonic Corp will sell its loss-making semiconductor business to Taiwan's Nuvoton Technology, a Nikkei Asian Review reported.Panasonic will also divest three Japanese chipmaking facilities of TowerJazz Panasonic Semiconductor, a…