Business

Business

Cisco Appoints Pete Shimer to Board, Daniel Schulman to Step Down

Cisco Systems (NASDAQ:CSCO) has appointed Pete A. Shimer to its board of directors, while Daniel H. Schulman will step down from the board, according...
Business

Cisco Director Pete Shimer Files Initial Ownership Disclosure with SEC

Cisco Systems (NASDAQ: CSCO) board member Pete A. Shimer has filed an initial statement of beneficial ownership with the U.S. Securities and Exchange Commission...

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Business

Ebix acquires Yatra for $337.8 million in merger deal

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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...
Business

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

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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...
Business

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

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

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

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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,...
Business

Britannia Industries denies reports over resignation of its MD Varun Berry

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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...
Business

Bayer to invest $5.6 billion in Weedkiller research

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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...
Business

Chipmakers, trade fears push stocks lower in early trading

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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...
Business

India to increase tariff duties on 29 additional US products

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

Prime Minister Narendra Modi hits out at unilateralism and trade protectionism at SCO Summit

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Prime Minister Narendra Modi on June 14 hit out at unilateralism and trade protectionism and said that there is a need for a rules-based,...
Business

China’s industrial growth reports 17 years low in May

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China’s industrial output growth unexpectedly slowed to a more than 17-year low in May, while investment also cooled, in the latest sign of weakening...
Business

Donald Trump warns to increase tariffs on $300 billion worth of Chinese goods

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President Donald Trump warned on June 10 he will slap huge new tariffs on China if his counterpart Xi Jinping doesn't show up for...
Business

L&T Construction locks Rs 2,500 crore to Rs 5,000 crores contract in various business segments

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Infrastructure company Larsen & Toubro (L&T) on Monday said its construction arm has bagged 'large' orders across various business segments in the domestic as...
Business

United Technologies, Raytheon partnered for $120 billion aerospace and defense business

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United Technologies Corp agreed on June 9 to combine its aerospace business with US contractor Raytheon Co and create a new company worth about...
Business

Urban Ladder gets 40 percent job cut

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The home and office furniture retailer Urban Ladder has reportedly laid off 40 percent of its workforce in the First quarter of 2019. According to...
Business

G20 heads agree to fix loopholes used by Facebook, Amazon, Google, and others to reduce corporate taxes

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Group of 20 finance ministers agreed on June 8 to compile standard rules to close loopholes used by global tech giants such as Facebook...
Business

Coal India to hire merchant bankers for acquiring equity stakes in Australian coal assets

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State-owned Coal India will hire merchant bankers to carry out financial due diligence for acquiring equity stakes in identified mines and companies in Australia...
Business

Asian shares up on policy easing hopes, Yuan slips on PBOC signals: Global Markets

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Asian shares were slightly higher on June 7 on expectations global central banks will soon embark on an easing cycle in the face of...
Business

Indian Economy Reacts to Narendra Modi’s Re-election

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“The Indian economy is climbing to record-level stability after Narendra Modi led his Bharatiya Janata Party to a landslide victory.” With a strong mandate,...
Business

Walmart faces major India test over Flipkart’s legal tiff with Ratan Tata backed startup

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An Indian startup's legal challenge against Walmart-owned Flipkart claiming losses caused by sharp discounting of its products is winning support from other online sellers,...
Business

World Bank retains India’s growth rate at 7.5% for FY20

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India is projected to grow at 7.5 percent in the next three years supported by robust investment and private consumption, the World Bank has...
Business

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

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Should European countries want the euro to replace the dollar as the world's dominant reserve currency, the Sino-US trade war may offer a window...
Business

Hero FinCorp to buy Anil Ambani’s Reliance General Insurance business for Rs 5,500 to 6,000 crore

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India's leading retail and commercial lending firm Hero FinCorp is in an advanced talk of buying Reliance General Insurance (RGI) a company owned Reliance...
Business

Fortis Healthcare reports a net profit of Rs 151 cr in Q4

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Fortis Healthcare has reported a consolidated net profit of Rs 151.19 crore for the quarter ended March, as against a net loss of Rs...
Business

InstaReM to offer cross-border payments service for KASIKORNBANK clients

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Asia's leading digital cross-border payment company InstaReM has partnered with Thailand's leading bank KASIKORNBANK (KBank) to provide cross-border payments for bank's client. The company in...
Business

Tech Mahindra secures Rs 300 crore defence deal from Indian Navy

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IT major Tech Mahindra Tuesday said it has signed a defence contract worth Rs 300 crore, its biggest till date. As part of the...
Business

US to scale back Huawei trade restrictions to help its existing customers

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The US Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies after this week's blacklisting would have made it...
Business

Indian junk bonds make a big comeback in 2019

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Sales of Indian junk bonds have made a big comeback in 2019, almost tripling to hit a five-year high, boosted by a risk-on rally...
Business

Crude oil futures gains 0.65 percent on a global trend

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Crude oil futures rose by Rs 30 to Rs 4,623 per barrel on Tuesday as speculators created fresh positions, tracking a firm trend at...
Business

ITC moves National Company Law Tribunal court against Hotel Leela Venture

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One of India's biggest FMCG company ITC has filed a case against Hotel Leelaventure at National Company Law Tribunal. In a regulatory filing at the...
Business

Nasim Zaidi resigns from Jet Airways board

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Jet Airways, an Indian airline company which has grounded for more than a month has announced that "One of its non-executive and non-independent director...

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