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

UAE, Saudi Arabia commits $3 billion as financial aid to Sudan

Krishna Mali -
Saudi Arabia and the United Arab Emirates said they had agreed to send Sudan $3 billion worth of aid, throwing a lifeline to the...
Business

Ashish Sinha: India’s growth trajectory holds tremendous potential for global stakeholders

Krishna Mali -
India's growth trajectory holds immense potential for global stakeholders to establish energy, infrastructure, and technology collaboration with the country, a UN forum here has...
Business

Walmart is committed to Indian market says Walmart CEO Doug McMillon

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Almost a year into writing a USD 16 billion cheque for Flipkart, Walmart CEO Doug McMillon Tuesday said the retail giant continues to be...
Business

Wall Street signs positive earning growth

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US stocks ended slightly higher on Tuesday, with the S&P 500 inching closer to its all-time high following a string of mostly positive earnings,...
Business

Asian internet companies are competing with traditional banks on consumer finances

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Asia’s internet firms are challenging the region’s traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed...
Business

SoftBank is picking its battles with US national security board

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SoftBank Group Corp has agreed to give up board seats and access to sensitive information, take a more passive role in startups and make...
Business

IMF’s bailout package for Pakistan to be delayed: Reports

Krishna Mali -
The IMF's bailout package to Pakistan could be delayed as both sides are still engaged in an intense conversation to finalise the agreement and...
Business

Crude oil futures up by 0.93 percent on positive overseas market signs

Krishna Mali -
Crude oil prices rose by Rs 41 to Rs 4,430 per barrel in futures market Friday as speculators created fresh positions, taking positive cues...
Business

Thermax acquires all stakes of JV partners in Thermax SPX Energy Technologies

Krishna Mali -
An India-based engineering company Thermax has announced that the company has acquired the complete stake of its joint venture partners in Thermax SPX Energy...
Business

Crude oil falls 0.87 percent amid weakens in overseas trend

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Crude oil prices plunged 0.87 percent to Rs 4,435 per barrel on April 11 as speculators reduced bets amid a weakening trend overseas. On...
Business

Amazon Web Services and Microsoft to compete for Pentagon’s 10 billion dollar’s cloud computing services contract

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The U.S. Department of Defense on Wednesday said that "As a part of $10 billion worth of cloud computing services as a part of...
Business

Exim Bank extends two line credit worth of $180 Mn for two projects of Ghana

Krishna Mali -
The Exim Bank has extended two lines of credit (LoCs) worth USD 180 million to two projects in Ghana. The bank has given a USD...
Business

“Absolutely not,” says Saudi on changes in oil trading policy in dollars.

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Saudi Arabia's Energy Minister Khalid al-Falih said that "there is no change in the Kingdom's long-standing policy." Speaking with the media on Monday, Khalid al-Falih...
Business

To recover Rs 423 crore, SBI invites Express of Interest to sell two dud accounts

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SBI has invited expression of interest from asset reconstruction companies and financial institutions to sell two non-performing accounts to recover dues of over Rs...
Business

‘Stupid Trade’ says Donald Trump on 100% tariffs imposed by India on US products

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India charges America over 100 percent tariffs on a large number of products while the US imposes nothing on the similar or same items,...
Business

Baring Private Equity Asia bags 30% stake in NIIT technologies

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Funds affiliated with Baring Private Equity Asia (BPEA) will buy about 30 percent stake in mid-sized IT services firm NIIT Technologies from NIIT Ltd...
Business

NTPC infuses Rs 2000 crore as short term loan in Canara Bank

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One of India's largest state-run power utility company, NTPC on Friday has announced that it has agreed to infuse Rs 2,000 crore in...
Business

Foreign reserve grows to $412 billion from $5.23 billion

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The maiden dollar-rupee swap conducted by the central bank last week helped the country's foreign exchange reserves swell by a healthy $5.237 billion to...
Business

LivGuard secures $2.2 billion as a strategic investment from ChrysCapital and Ncubate Capital Partners

Krishna Mali -
India's most substantial automotive battery, inverter battery, and solar maker LivGuard has raised Rs 220 crores (approx $2.2 billion) as a strategic investment from...
Amazon

Amazon acquires 49 percent shares in Witzig Advisory services

Krishna Mali -
One of the world's largest E-commerce giant, Amazon Inc has acquired the 49% of the shares in Witzig Advisory Services, which also owes 'More...
Business

HCL Technologies completes acquisition of Strong-Bridge Envision

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IT major HCL Technologies said on Tuesday that its acquisition of US-based Strong-Bridge Envision has been completed. HCL had recently agreed to acquire the Seattle-based...
Business

Oil jumps Five months high on firmer China data, prospect of fresh supply crubs

Krishna Mali -
Oil prices climbed to nearly five-month highs on Tuesday, supported by firm Chinese economic data that eased demand concerns, the possibility of more sanctions...
Business

China grants financial assistance of $2.2 billion to Pakistan; forex reserve touches $17.8 billion

Krishna Mali -
In an attempt to bail-out its close friend from the bankruptcy and to shore up the foreign reserve of its close ally, China on...
Business

DLF to raise Rs 3,000 crore from QIP, plans to become a debt-free company

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With the aim to become the debt-free company, India's largest commercial real estate developer DLF on Monday said that "the company is planning to...
Business

US recession tension mounts, Global stocks dip as investors looks for bonds as safe investments

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Investors dumped shares on Monday and fled to the safety of bonds while the Japanese yen hovered near a six-week high as risk assets...
Business

Varun Beverages gets CCI approval to acquire PepsiCo’s franchise rights

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One of Pepsico's largest bottling partner in India, Varun Beverages Ltd (VBL) has received a nod from the Competition Commission of India for its...
Business

OLX to focus on expanding its business in India, Monetization after ten-fold

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A Naspers group backed online marketplace for pre-owned goods seller OLX has said that "The company will start focussing on monetizing its business in...
Business

China refuses to accept US demands on ease curbs on US tech companies

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Ahead of fresh high-level trade talks this week, China is not conceding to US demands to ease curbs on technology companies, the Financial Times...
Business

Prime Minister Narendra Modi and FM Arun Jaitley don’t know anything about Economy says, Subramanian Swamy

Krishna Mali -
BJP MP Subramanian Swamy on March 23 claimed neither Prime Minister Narendra Modi nor Finance Minister Arun Jaitley knew economics, as they dub India...
Business

SBI raised Rs 1,251 crore through Basel III-complaint bonds

Krishna Mali -
One of India's largest public bank, State Bank of India has raised Rs 1,251.30 crore from Basel III-complaint bonds. In a regulatory filing on Friday,...

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