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M&M incorporates MBPL of Bangladesh as a wholly-owned subsidiary

India’s largest automaker company, Mahindra and Mahindra has incorporated ‘Mahindra Bangladesh Private Limited (MBPL)’ as its wholly-owned subsidiary. In a filing at the BSE, the...

United States unveils plans to extend scrutiny of foreign investments

The US government outlined more detail on September 17 on its plans to beef up foreign investment oversight, including a proposal to permit the...

Mindtree introduces Blockchain-powered ‘Merchant On-Boarding’ solutions for Banks and Payment service providers

A Banglore-based technology service provider, Mindtree on Wednesday launched its new Blockchain-powered “Merchant On-Boarding” solutions for banks and payment service providers. In a statement issued...

Trade deal with China in the offing, says President Donald Trump

A trade agreement between the US and China is likely to happen either before or immediately after the American elections, President Donald Trump has...

China state planner approves $9.72 bn of fixed asset investment projects in August

China's state planner said on Wednesday that it approved 68.9 billion yuan ($9.72 billion) of fixed-asset investment projects in August. The National Development and Reform...

Tata Power arm announces its exit from South African Joint Venture Cennergi for $106 mn

As a part, its strategy to cut its financial liabilities and focus on the domestic market, Tata Power on September 17 announced exit from...

Air India Assets Holdings Ltd secures Rs 7,000 crore through bond issue

Air India Assets Holdings Ltd (AIAHL) on Monday raised Rs 7,000 crore through bonds issue, which was oversubscribed. AIAHL is a special purpose vehicle...

United States may agree for “No tariffs rise on Japanese Cars”

The United States will agree not to raise tariffs or introduce curbs to import quotas on Japanese cars when the country’s leaders meet next...

London Stock Exchange rejects Hong Kong’s $39 billion’s takeover bid

London Stock Exchange has rejected Hong Kong Exchange's $39 billion takeover offer, opting to stick with its planned purchase of data and analytics group...

RBI: Forex reserves rose by $1 bn to $429.60 bn, Gold drops by $199 mn to $27.35 bn

The country's foreign exchange reserves increased by $1.004 billion to $429.608 billion in the week to September 6, helped by a rise in foreign...

Japan’s exports report 10% decline for August

Japan's exports likely contracted at the fastest pace in more than three years in August, a Reuters poll showed on September 13, indicating increasing...

The United States shows concern over trade deficit with India

The US on Friday expressed concern over the trade deficit with India and the challenges being faced by American companies to invest here. Addressing the...

CCI approves Amazon’s acquisition of 0.51% equity shares in Quess Corp

Fair trade regulator Competition Commission of India (CCI) on Monday said it has cleared the acquisition of equity share capital of Quess Corp by...

China to infuse $1 billion in Pakistan development projects

The Chinese government is planning to invest $1 billion in Pakistan’s development projects, China’s Ambassador to Pakistan said on Saturday. Speaking with the delegation led...

China, US trade shrinks as tariff war worsens

China's trade with the United States shrank by double digits in August as the two sides prepare for trade talks with no sign of...

Tencent acquires 10% shares of Universal Media Group from Vivendi

As the part of the strategic investment, the French media company, Vivendi has agreed to sell the 10 percent stake of Universal Music Group...

London Stock Exchange to acquire Refinitiv for $27 billion

The London Stock Exchange Group said on Friday it was in discussions to acquire financial data analytics provider Refinitiv Holdings for $27 billion, including...

North Korea’s economy drops the most in 2018 since 1997

North Korea's economy shrank in 2018 for a second straight year, and by the most in 21 years, hit by international sanctions to stop...

Salesforce partners with Alibaba, plans to provide cloud sales solutions in China

A U.S. based cloud-based CRM company Salesforce Inc has announced its strategic partnership with Chinese e-commerce company Alibaba Group Holding. In a statement issued by...

SK Hynix reports 89 percent dip in Q2 profit

SK Hynix Inc, the South Korean chipmaker and one of the second largest memory-chip maker behind Samsung Corp, has reported a decrease in second-quarter...

Top Chinese investors lose $1 billion in the second day of trading at Nasdaq-Style STAR Market

The biggest shareholders in China's new Nasdaq-style STAR Market lost a combined $1 billion in the second day of trade on July 23, a...

China Southern Airlines receives $4.36 billion through equity diversification plan

China Southern Airlines will carry out an equity diversification plan that will involve the injection of 30 billion yuan ($4.36 billion) of capital from...

Ebix acquires Yatra for $337.8 million in merger deal

Ebix Inc, a U.S. based, leading supplier of On-Demand software and E-commerce service provider to healthcare, insurance and finance, and e-learning industries has announced...

Imran Khan’s Finance Advisor: IMF’s $6 billion bailout package to Pakistan, would attract another $38 billion from other lenders

The IMF's decision to provide a USD 6 billion bailout package to Pakistan has improved the cash-strapped country's standing, and it would attract USD...

India, Indonesia sets $50 billion as bilateral trade for 2025

India and Indonesia on June 29 set an ambitious USD 50 billion targets for bilateral trade over the next six years as Prime Minister...

Wall Street wraps up its best June in decades as G20 meets

Wall Street advanced in heavy trading on Friday, with the S&P 500 and the Dow closing the book on their best June in generations,...

Britannia Industries denies reports over resignation of its MD Varun Berry

FMCG major Britannia Industries on June 26 dispelled speculations over the resignation of its Managing Director Varun Berry from the company. Terming the speculations as...

Bayer to invest $5.6 billion in Weedkiller research

Germany’s Bayer sought to repair its reputation on Friday after damage caused by U.S. litigation over claims its glyphosate pesticide causes cancer, saying it...

Chipmakers, trade fears push stocks lower in early trading

NEW YORK: U.S. stocks fell in early trading Friday on Wall Street after a major chipmaker issued a sharp warning about how the US-China...

India to increase tariff duties on 29 additional US products

After extending the deadline for several times, India has decided to impose additional customs duties on 29 US products, including almond, walnut, and pulses,...

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