Business

Can Intelligent Optimization Redefine How Businesses Solve Their Toughest Problems?

The modern enterprise is no longer just a business; it is a complex, hyper-connected mathematical system. Today, the toughest problems business leaders face supply...

What PM Modi’s Appeal to Avoid Gold Buying Could Mean for India’s Jewellery Economy

When Prime Minister Narendra Modi recently urged citizens to avoid purchasing gold for a year, the statement immediately unsettled large parts of India’s jewellery...

Latest News

Bank Of England keeps its interest rate at 0.75%, alters UK growth forecasts at 1.4% for 2019

The Bank of England (BoE) has left its main interest rate at 0.75 percent, it said on November 7 after a regular meeting and...

IMF Chief Kristalina Georgieva says, “Global debt surges record-high to $188 trillion”

The global debt load has surged to a new all-time record equivalent to more than double the world's economic output, IMF chief Kristalina Georgieva...

Qatar Airways CEO Akbar Al Baker says, “We have no interest in buying Air India”

Qatar Airways has no interest in buying a stake in Air India, its CEO said on Thursday, as the government plans roadshows in Singapore...

India, US optimistic about inking trade deal before year-end: Senior Indian Diplomat

India and the US are “quite optimistic” that they will ink a trade deal before the end of this year, a senior Indian diplomat...

Finance Minister Nirmala Sitharaman reviews the state of the economy at FSDC meeting

Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy, including stress in the financial sector at the meeting of the Financial...

OYO Rooms to expand in Bihar, plans to create 700 local jobs

OYO Hotels and Homes will expand its footprint in Bihar by investing in infrastructure and talent. This will create 700 jobs in the hospitality...

Piyush Goyal: RCEP against India’s economic interest

The RCEP agreement was against India's economic interest and national priorities, Commerce and Industry Minister Piyush Goyal said on November 4 as the country...

RBI Deputy Governor Viral Acharya: Govt of India needs to undertake heavy disinvestment programme

The Indian government needs to reduce its reliance on bond markets and undertake a heavy disinvestment programme along with urgently implementing land, labour and...

IAG acquires Spanish Air carrier Air Europa for 1 billion euros

British Airways owner IAG said on Monday that it has had agreed to buy Spanish carrier Air Europa for 1 billion euros ($1.12 billion)...

Bank of Japan keeps monetary policy steady, brings new forward guidance on rates

The Bank of Japan kept its monetary policy steady on Thursday but introduced new forward guidance to more clearly signal the future chance of...

Piyush Goyal says, Economic slowdown is in cyclic structure; Its right time to invest in India

Commerce and Industry Minister Piyush Goyal on October 15 said that the recent economic slowdown is a cyclic structural adjustment, and it is the...

Dharmendra Pradhan: India to see $118 billion investment in Oil and Gas sector in the next five years

India will see a massive investment of USD 118 billion in oil and gas exploration as well as in setting up of natural gas...

FM Nirmala Sitharaman: Will honour contractual commitments under various energy pacts

Finance Minister Nirmala Sitharaman on Monday, October 14, 2019, assured investors that India will honour contractual commitments under various energy agreements. “Commitments shall be honoured...

Experts: OECD proposal on taxing MNEs will benefit countries like India

The OECD's proposal for taxing multinational enterprises (MNEs), including digital companies, based on consumer-facing activities or markets instead of their physical presence, would benefit...

Airpay partners with InstaReM to launch “FX Payment” service for merchants

Mumbai based omnichannel payments company, Airpay, has announced its partnership with InstaReM to launch “FX payment,” an international payment solution for its merchants. “Being, an...

AION Capital Partners infuses $40 million in Clix Capital

India's leading digital-lending platform for SMEs, Clix Capital has raised $40 million as fresh funding from its existing investors AION Capital Partners Ltd, and...

DHFL proposes draft resolution plan to convert debt to equity

India's crisis-hit shadow bank Dewan Housing Finance (DHFL) has submitted a draft resolution plan proposing to convert debt to equity while seeking to sell...

Exxon Mobil, Royal Dutch Shell among groups to build five LNG terminals in Pakistan

Pakistan has approved the construction of five liquefied natural gas (LNG) terminals by groups that include Exxon Mobil Corp and Royal Dutch Shell, aiming...

InstaReM starts digital money transfer service in Canada

Solidifying the company’s presence in North America. Singapore -based cross-border digital payment company, InstaReM has announced the launch of cost-effective digital cross-border payments transfer...

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...

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