Topics: Business News

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...

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...
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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...

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...
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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...

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...
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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,...

China’s industrial growth reports 17 years low in May

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...
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Urban Ladder: Recent reports on 40 percent job cuts are incorrect

The Bengaluru based omnichannel furniture and decor retailer Urban Ladder on Tuesday clarified that “the facts represented in an article published in the Hindu...

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

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...

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

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

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

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

Urban Ladder gets 40 percent job cut

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

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

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

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...

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

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

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

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,...

After Google and Amazon, US antitrust spotlight turns on Apple and Facebook

The American Federal Trade Commission (FTC) has secured the right to examine how Facebook’s practices affect its digital competition, Wall Street Journal reported on...
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