Topics: Business News

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...

COAI: No major gain for telecom industry from corporate tax rate cut

NEW DELHI: The government's move to lower corporate tax to 22 per cent is positive for the economy but there is no major benefit...

Pakistan’s PIA operates 46 flights without a passenger during 2016-17

Pakistan International Airlines (PIA) has operated 46 flights without a single passenger from Islamabad Airport in 2016-17. Citing to an audit report, Pakistan’s media agency...

Donald Trump says, “China is a threat to world”

Expressing concern over China's growing military might, US President Donald Trump has said the Communist nation is a threat to the world and blamed...

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...
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Wipro Consumer Care Ventures to fund —India, Southeast Asian consumer brands startup

India’s leading FMGC company, Wipro Consumer Care and Lighting have announced a launch of its new venture fund called “Wipro Consumer Care Venture,” to...

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...
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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...

Apple takes EU’s €13 billion tax order to court

Apple will launch a legal challenge to a European Commission order to pay 13 billion euros ($14.4 billion) in Irish back taxes in a...

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...
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Kedaara Capital to infuse $55 million in retail eye-wear company Lenskart

Lenskart, an India-based eye-wear retail company, will be is raising Rs 392 crore (approx. $55 million) from private equity firm Kedaara Capital, a newspaper...

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...

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...

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...
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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...

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...
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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...

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...
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