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Topics: Business News

China blames Washington for trying to block its development

China's government on Monday accused the United States of trying to block its industrial development after Vice President Mike Pence said Chinese equipment poses...

Larsen & Toubro secures Rs 7,000 crore deals for major airport construction

One of India's largest multi-national construction firm, Larsen & Toubro also known as L&T has secured the deal worth Rs 7,000 crore for constructing...

Cognizant to pay $25 million as a fine to settle India bribery charges

Major American IT player Cognizant will pay USD 25 million to the US Security and Exchange Commission to settle its India bribery charges, as...

Amazon will not pay the federal taxes for the second year in a row

The US-based e-commerce giant and one of the wealthiest company in the world by its market value, will not be paying taxes to the...

President Trump: Could extend the 1 March trade deadline with China

Asserting that the trade negotiations with China were going "extremely well", US President Donald Trump on February 15 said he would soon be meeting...
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Chinese President Xi Jinping to meet with US top trade officials

Chinese President Xi Jinping plans to meet with top US officials in Beijing this week, a report said on February 13, as the world's...

Economists say, Britain’s economy to make a moderate post-Brexit recovery if deal agreed

Britain's economy will barely grow in the run-up to Brexit amid concern the UK will leave the European Union without an agreement, but if...

Apple Supplier Japan Display Inc to receive $723 million in a bailout from Chinese and Taiwanese investors group

Ailing Apple supplier Japan Display Inc will receive up to 80 billion yen ($723 million) in a bailout from a group of Chinese and...

Amazon to acquire WiFi device maker Eero for an undisclosed amount

In an aim expand the smart home gadgets business, A U.S. based e-commerce giant Amazon Inc is planning to acquire 'Eero' a wifi device...

ITC Limited plans to invest Rs 1,700 crore in West Bengal

FMCG major ITC Ltd. is proposing to make new investments of Rs. 1,700 crore in West Bengal in its various businesses, an official said...
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Reliance Industries acquires an additional 2.5 percent stakes in Future101 and Genesis Colors

Billionaire Mukesh Ambani-led Reliance Industries has raised its stake in luxury apparel firms Future101 Design and Genesis Colors to strengthen its foothold in retail...

Anil Ambani’s Reliance communication files for insolvency

Reliance Communications has decided to opt for insolvency proceedings following its failure to sell assets for paying back its lenders, the Anil Ambani-led telecom...

Amazon Inc jitters offset upbeat jobs data on Wall Street

Wall Street ended mixed on Friday, as optimism from a surge in January US job growth was offset by a weaker-than-expected outlook from Amazon.com...

Sony corp reports lower than expected profit in its business

Japan's Sony Corp reported lower-than-expected profit on Friday as its previously thriving gaming business sagged, though a one-off gain related to its acquisition of...

Toyota Kirloskar Motor sales decline by 9 percent in January

Toyota Kirloskar Motor (TKM) on Friday reported a 9 percent decline in total vehicle sales in January to 12,067 units, compared with 13,239 units...
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Government e-marketplace saw Rs 17,500 crore as a transaction in 2 years

Transactions worth Rs 17,500 crore have taken place through the public procurement online platform Government e-marketplace (GeM) in the last two years, resulting in...

China retained balance its current account surplus in 2018

China retained a current account surplus in 2018 and it will remain basically balanced in future, the foreign exchange regulator said on January 30. China's...

Executive: Alibaba will continue to invest aggressively

Chinese e-commerce giant Alibaba Group Holding Ltd will continue to invest aggressively despite an uncertain business environment, a senior company executive said at a...

CII DG Chandrajit Banerjee says India Inc has more to learn from WEF 2019 at Davos

The World Economic Forum Annual Meeting 2019 has given India Inc a lot to learn in terms of how to apply new technologies like...

Paytm to expand its business in one or two more developed market.

Paytm an online payment company in India is reportedly planning to expand its business in one or more developed markets. While speaking at World Economic...
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U.S. rejects China’s preparatory trade talks offer

The Trump administration has rejected an offer from China for preparatory trade talks this week ahead of high-level negotiations scheduled for next week, the...

RSS affiliate SJM demands robust e-commerce policy to protect small business owners from Flipkart and Amazon

The RSS affiliated SJM has passed a resolution demanding a robust e-commerce policy to protect the interests of small shopkeepers, as big online retailers...

Foxconn: There is a need to hire 50,000 people before the first quarter after job cuts reports

Taiwan's Foxconn, assembler of Apple Inc's iPhones, on Tuesday said it still has a need to hire 50,000 people in the first quarter, amid...

Ola secures $74 million in J series round funding from SteadView Capital

India's ride-hailing company, Ola, has reportedly secured $74 million (Rs 520 crore) in series J round funding from Hong Kong-based capital management firm, Steadview...

Lendbox raises Rs 6 crore in pre-A series round funding from IvyCap Ventures

Venture garage on Saturday announced that its portfolio startup "Lendbox, a peer-to-peer lending platform, has secured Rs 6 crore in a pre-A series round...
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Apple key supplier Foxconn is planning to shift its iPhone factory in Vietnam

Foxconn, the world's biggest electronics contract manufacturer and a key Apple supplier, is considering setting up a factory in Vietnam to mitigate any impact...

Samsung apologies to factory workers in cancer case

South Korean technology giant Samsung Electronics on Friday, apologized to its worker who caught with cancer after working at its semiconductor factories. KIM KI-nam, co-president...

Logitech to acquire US headphone maker Plantronics

Logitech International SA, the Swiss manufacturer of keyboards and webcams, is in discussions to acquire Plantronics Inc, the US maker of Bluetooth earpieces and...

HCL Technologies is planning to invest more Nordic region

IT services major HCL Technologies will continue to invest significantly in the Nordics region as it expands its headcount and delivery capabilities to further...

T-Mobile, Sprint acquisition deal to complete by the first quarter of 2019

T-Mobile, majority owned by Deutsche Telekom AG, agreed in April to buy wireless carrier Sprint and the deal was initially expected to close in...
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