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Business

QubeHealth-Pay, Petos Partners to Expand Pet Healthcare Payments

The integration brings QubeHealth-Pay’s healthcare payment infrastructure to the pet insurance platform, with the companies targeting over ₹50 crore in pet healthcare payments within 18 months.
Business

Remsons Industries Appoints Rahul Prabhakar Desai as CEO

Rahul Prabhakar Desai has been appointed CEO of Remsons Industries, succeeding Amit Srivastava as the automotive components manufacturer advances its planned leadership transition.

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Business

Urban Ladder gets 40 percent job cut

Krishna Mali -
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...
Business

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

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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

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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

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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

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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...

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