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Biocon appoints Christiane Hamacher as the CEO of Biocon Biologics Ltd

One of India's largest biopharmaceutical company Biocon Limited on Friday announced the appointment of Christiane Hamacher as the CEO of Biocon Biologics India Limited. In...

Hyundai Motor to boost the auto business margin to 7 percent by 2022

Hyundai Motor Co said on February 27 that it plans to boost the core automotive businesses' operating profit margin to 7 percent by 2022,...

SBI calls for lender meeting with Jet Airways Chairman Naresh Goyal and Etihad Airways CEO Tony Douglas

State Bank of India (SBI) has called an urgent meeting of lenders with Jet Airways Chairman Naresh Goyal and the domestic carrier's significant shareholder...

Warren Buffett’s firm Berkshire Hathaway reports the loss of $25 billion on paper stock

Warren Buffett's company recorded a $25 billion loss in the fourth quarter because of a big drop in the paper value of several of...

Exxon Mobil partners with Microsoft to use cloud technology in US oil producers shale operations

Exxon Mobil Corp and Microsoft Corp have agreed to use cloud technology in the U.S. oil producer's shale operations, they said on Friday, helping...

Pakistan may ask for an additional $1.45 billion loan from Islamic banks

Pakistan will likely turn to Islamic banks to borrow another 200 billion rupees ($1.45 billion) to try to ease a financial crunch in its...

BIGO Technology to invest $100 million in India

Singapore-based social media platform BIGO Technology on Monday announced an investment of over $100 million to expand its business in India in the next...

Aditya Puri: No plans to cut down HDFC bank’s branch expansion

Largest domestic lender from the private sector space, HDFC Bank, does not intend to cut down on branch expansion, a top official said on...

Reports: Citi group is in final talk to acquire Canary Wharf office building

Citigroup is in talks to buy the tower housing its European headquarters in London's Canary Wharf district, which is on the market with a...

Larsen & Toubro secures Rs 7,000 crore deals for major airport construction

One of India's largest multi-national construction firm, Larsen & Toubro also known as L&T has secured the deal worth Rs 7,000 crore for constructing...

President Trump: Could extend the 1 March trade deadline with China

Asserting that the trade negotiations with China were going "extremely well", US President Donald Trump on February 15 said he would soon be meeting...

Economists say, Britain’s economy to make a moderate post-Brexit recovery if deal agreed

Britain's economy will barely grow in the run-up to Brexit amid concern the UK will leave the European Union without an agreement, but if...

Apple Supplier Japan Display Inc to receive $723 million in a bailout from Chinese and Taiwanese investors group

Ailing Apple supplier Japan Display Inc will receive up to 80 billion yen ($723 million) in a bailout from a group of Chinese and...

Amazon to acquire WiFi device maker Eero for an undisclosed amount

In an aim expand the smart home gadgets business, A U.S. based e-commerce giant Amazon Inc is planning to acquire 'Eero' a wifi device...

ITC Limited plans to invest Rs 1,700 crore in West Bengal

FMCG major ITC Ltd. is proposing to make new investments of Rs. 1,700 crore in West Bengal in its various businesses, an official said...

Reliance Industries acquires an additional 2.5 percent stakes in Future101 and Genesis Colors

Billionaire Mukesh Ambani-led Reliance Industries has raised its stake in luxury apparel firms Future101 Design and Genesis Colors to strengthen its foothold in retail...

Altria says, Juul Labs reported $ billion in sales in 2018

Marlboro maker Altria Group Inc said on Thursday e-cigarette maker Juul Labs Inc posted more than $1 billion in revenue in 2018, up from...

Anil Ambani’s Reliance communication files for insolvency

Reliance Communications has decided to opt for insolvency proceedings following its failure to sell assets for paying back its lenders, the Anil Ambani-led telecom...

Amazon Inc jitters offset upbeat jobs data on Wall Street

Wall Street ended mixed on Friday, as optimism from a surge in January US job growth was offset by a weaker-than-expected outlook from Amazon.com...

Sony corp reports lower than expected profit in its business

Japan's Sony Corp reported lower-than-expected profit on Friday as its previously thriving gaming business sagged, though a one-off gain related to its acquisition of...

Honda Cars sales increased by 23 percent in January

Honda Cars India Ltd (HCIL) Friday reported a 23 percent increase in its domestic sales to 18,261 units in January. The company had sold 14,838...

Toyota Kirloskar Motor sales decline by 9 percent in January

Toyota Kirloskar Motor (TKM) on Friday reported a 9 percent decline in total vehicle sales in January to 12,067 units, compared with 13,239 units...

Government e-marketplace saw Rs 17,500 crore as a transaction in 2 years

Transactions worth Rs 17,500 crore have taken place through the public procurement online platform Government e-marketplace (GeM) in the last two years, resulting in...

VECV sales declines by 13 percent at 5,906 units in January

VE Commercial Vehicles Ltd, a Volvo Group and Eicher Motors joint venture, Tuesday reported a 13.2 per cent decline in sales to 5,906 units...

Foxconn seeks Rs 1000 crore as GST refund from Government of India

A Taiwan based electronic manufacturing company, Foxconn on Tuesday, raised its concerns about the delays in getting the refund of Rs 1000 crore from...

U.S regulators drop fine against Citi Group over fair lending charge

A top US bank regulator has decided not to fine Citigroup for discriminating against minority mortgage borrowers, dropping the public rebuke that some officials...

China retained balance its current account surplus in 2018

China retained a current account surplus in 2018 and it will remain basically balanced in future, the foreign exchange regulator said on January 30. China's...

Executive: Alibaba will continue to invest aggressively

Chinese e-commerce giant Alibaba Group Holding Ltd will continue to invest aggressively despite an uncertain business environment, a senior company executive said at a...

CII DG Chandrajit Banerjee says India Inc has more to learn from WEF 2019 at Davos

The World Economic Forum Annual Meeting 2019 has given India Inc a lot to learn in terms of how to apply new technologies like...

Paytm to expand its business in one or two more developed market.

Paytm an online payment company in India is reportedly planning to expand its business in one or more developed markets. While speaking at World Economic...

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