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Topics: Business News

Cash-strapped Pakistan to miss IMF’s Rs 75 billion tax refund condition

Cash-strapped Pakistan is set to miss the International Monetary Fund's condition to refund Rs 75 billion to taxpayers in the first quarter despite an...

Ex-PM Manmohan Singh says, “No, hope of becoming a $5 trillion economy, if the growth keeps going down.”

Former Prime Minister Manmohan Singh on September 12 said there was no hope of Modi government's promise of $5 trillion economy becoming a reality...

The United States shows concern over trade deficit with India

The US on Friday expressed concern over the trade deficit with India and the challenges being faced by American companies to invest here. Addressing the...

CCI approves Amazon’s acquisition of 0.51% equity shares in Quess Corp

Fair trade regulator Competition Commission of India (CCI) on Monday said it has cleared the acquisition of equity share capital of Quess Corp by...

Zomato removes 541 employees from it’s across customer, merchant, and delivery partner support teams.

An India-based online food delivery company, Zomato has laid off more than 541 employees from its workforce. In a statement issued by the company on...
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China, US trade shrinks as tariff war worsens

China's trade with the United States shrank by double digits in August as the two sides prepare for trade talks with no sign of...

Tencent acquires 10% shares of Universal Media Group from Vivendi

As the part of the strategic investment, the French media company, Vivendi has agreed to sell the 10 percent stake of Universal Music Group...

Nintendo operational profit drops by 10.2 percent

Despite the stronger sales in the Switch console business, Nintendo Co, a Japan-based gaming company, has reported a downfall of 10.2 percent in its...

Apple acquires Intel’s smartphone modem unit for $1 billion

U.S. technology giant Apple Inc, on Thursday, announced the acquisition of Intel’s smartphone modem business at $1 billion. In a statement issued by the Intel,...

London Stock Exchange to acquire Refinitiv for $27 billion

The London Stock Exchange Group said on Friday it was in discussions to acquire financial data analytics provider Refinitiv Holdings for $27 billion, including...
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Salesforce partners with Alibaba, plans to provide cloud sales solutions in China

A U.S. based cloud-based CRM company Salesforce Inc has announced its strategic partnership with Chinese e-commerce company Alibaba Group Holding. In a statement issued by...

Arianna Huffington, Matt Cohler resigns from Uber board.

Uber Inc, a U.S. based ride-hailing app on Wednesday announced the departure of “Arianna Huffington and Matt Cohler from the Uber’s board of director’s...

SK Hynix reports 89 percent dip in Q2 profit

SK Hynix Inc, the South Korean chipmaker and one of the second largest memory-chip maker behind Samsung Corp, has reported a decrease in second-quarter...

Nissan Motors to layoff 10,000 employees from its global workforce: Reports

Nissan Motor Co Ltd plans to expand job cuts to over 10,000 to help turn around its business, a person with direct knowledge of...

Sumer Juneja: “The partnership between SoftBank and Ola’s CEO Bhavish Aggarwal is Open and Transparent.”

Japanese internet giant and a major stakeholder in Ola Cabs, ‘Softbank’ has said, “the relationship with Ola’s co-founder and CEO, Bhavish Aggarwal is open...
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UK Finance Minister Philip Hammond may resign, over no-deal Brexit

Finance Minister Philip Hammond said on Sunday he would resign if Boris Johnson became Britain’s new prime minister because he could not support a...

China Southern Airlines receives $4.36 billion through equity diversification plan

China Southern Airlines will carry out an equity diversification plan that will involve the injection of 30 billion yuan ($4.36 billion) of capital from...

Haruhiko Kuroda, Governor of Bank of Japan, denounced Morden Economic Philosophy

Bank of Japan Governor Haruhiko Kuroda on July 19 denounced an economic philosophy that encourages the use of government spending as a primary policy...

UK retail sales surge by 1% in June

British retail sales rebounded unexpectedly in June, according to official data that may raise hope the economy will sidestep a downturn in the second...

Ebix acquires Yatra for $337.8 million in merger deal

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...
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Accenture names Julie Sweet as company’s new CEO

Accenture on Friday announced the appointment of Julie Sweet, who played an integral role in the company's business and investment strategy, as its new...

To win the 2020 U.S. presidential election, Trump may try to come at an agreement with China: U.S Ex-Ambassador

The former American ambassador to China on Tuesday said that “I believe that that the tariffs imposed by the U.S. on the Chinese goods...

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

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...

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

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

Pakistan’s Parliament approves Rs 7.022 trillion federal budget

Pakistan's Parliament on June 28 gave its nod to the Rs 7.022 trillion federal budget for fiscal 2019-20, as the ruling party and its...
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Bitcoin drops 12% low after hitting 18 months high at $14,000 this week

Bitcoin's price skidded 12% lower on Thursday to around $11,383 after hitting an 18-month high of nearly $14,000 earlier this week. The world's biggest cryptocurrency...

Britannia Industries denies reports over resignation of its MD Varun Berry

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...

Bayer to invest $5.6 billion in Weedkiller research

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...

Chipmakers, trade fears push stocks lower in early trading

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...

India to increase tariff duties on 29 additional US products

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