Topics: Business News

Declaring Bankrupt is the only option left for Jet Airways, says SBI Chairman

State Bank of India's (SBI) chairman said on Wednesday that putting Jet Airways into bankruptcy is the "last option" and that its lenders are...

Crude oil futures fall on global leads by Rs 3 per barrel

Crude oil futures drifted lower by Rs 3 to Rs 4,099 per barrel on Wednesday as speculators reduced their exposure amid a weak trend...

Xiaomi’s profit tripled to $275 million in Fourth Quarter

Chinese smartphone maker Xiaomi Corp said on March 19 its fourth-quarter net profit more than tripled to 1.85 billion yuan ($275.59 million), on stronger...

Exim Bank grants $83 million in loans to Congo to finance three solar power projects in Central Africa

Exim Bank on March 19 said it has given a loan of $83.11 million to Congo to finance three solar power projects in the...

Azeri Energy Ministry says Keeping Russia and China as main exporter Venezuela has suspended oil export to India

Venezuela has suspended its oil exports to India and views Russia and China as its main export destinations, the Azeri energy ministry said on...
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Amazon faces Virginia funding vote test for its second headquarter

Amazon.com Inc's plan to set up a second headquarters in northern Virginia, after being rebuffed in New York, will face its first test when...

Doors are open for India to bring serious trade deal on the table, US says

Observing that trade has been an area of frustration in bilateral ties, the US has said that the door is open if India is...

Saudi Arabia to receive $20 Billion in passive inflows

Saudi Arabia's inclusion in major emerging markets stock indices from March 18 is likely to suck in around $20 billion in passive inflows, but...

Lakshmi Vilas Bank secures Rs 459 crore through QIP

India's private sector bank, Lakshmi Vilas Bank has announced that "It has raised Rs 459.59 crore through Qualified institutions placement (QIP)." Lakshmi Vilas Bank, in...

India’s trade deficit narrows to $9.60 billion for Feb

India's trade deficit narrowed to $9.60 billion in February, dragged down by a fall in gold and oil imports, the trade ministry said in...
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Tech Mahindra to acquire 100 percent shares in K-Vision Co

One of India, largest technology major Tech Mahindra has announced that "The company has agreed to acquire 100 percent stake of K-Vision a Japan-based...

Etihad Airways reports a loss of $1.28 billion in 2018

Abu Dhabi's Etihad Airways reported on March 14 its third consecutive annual loss in 2018, blaming challenging market conditions and the effects of an...

Foxconn dismisses Microsoft’s patent infringement lawsuit

Taiwan's Foxconn on Tuesday responded to a patent infringement lawsuit filed against it by Microsoft Corp, saying as a contract manufacturer, it has never...

Google India announces the second batch of 10 startups for Launchpad Accelerator program

Google on Tuesday announced the second batch of 10 startups, which will be part of its Launchpad Accelerator mentorship programme in India. Launchpad Accelerator India...

Passenger Vehicles sales slip by 8% in February: Automobile dealers

Automobile dealers' body FADA Wednesday said retail sales of passenger vehicles (PV) in February declined by 8.25 per cent to 2,15,276 units as compared...
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Adidas says supply chain shortages will hit its sales growth

Adidas expects supply chain shortages to hit its sales growth in the first half of the year, particularly in North America, while it hopes...

Mike Pompeo says China is blocking ASEAN members from accessing $2.5 trillion recoverable energy reserves

The US has accused China of blocking the ASEAN members accessing more than USD 2.5 trillion in recoverable energy reserves in the South China...

Foxconn says the lawsuit filed by Microsoft will hardly make any loss

Foxconn does not expect to suffer any loss as a result of a lawsuit filed by Microsoft Corp, the chief executive of the Taiwanese...

Microsoft UK chief Cindy Rose joins WPP Plc board as non-executive director

WPP Plc, the world's biggest advertising company, said on March 12 it appointed Microsoft Corp's UK chief executive officer, Cindy Rose, as a non-executive...

Renault in talks with Nissan and Mitsubishi Motor for new alliance body

French carmaker Renault said on March 11 that it was in talks with its Japanese partners Nissan and Mitsubishi Motor over a new alliance...
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Kalpataru Power Transmission Ltd secures deal worth of Rs 1,288 crore

One of India's largest power transmission and infrastructure EPC space providing company Kalpataru Power Transmission Limited (KPTL) on Monday announced that "it has secured...

ED investigates Philip Morris International and Godfrey Philips on violation of Country’s laws charge

The Enforcement Directorate (ED) is investigating Philip Morris International Inc and its Indian partner Godfrey Phillips for alleged violation of the country's laws, a...

Suresh Prabhu: The Government is confident of meeting $100 billion in FDI by 2020

Commerce and Industry minister Suresh Prabhu said on March 9 the government has set a target of attracting $100 billion in foreign direct investments...

President Trump: The United States can forge a trade deal with China

President Donald Trump on Friday said he is confident the United States can forge a trade deal with China, but added that he thinks...

Chinese Vice Minister says, China and the US are working day and night to achieve a trade deal

China and the United States are still working day and night to achieve a trade deal that matches the interests of both sides and...
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No legal case against Australia for now, says Huawei

Chinese telecoms giant Huawei said Friday it had no immediate plans to mount a legal challenge over Australia's decision to bar the company's equipment...

NASSCOM President Debjani Ghosh: India and Israel should partnership to define new norms for the digital world

India and Israel should strengthen their partnership to define the digital world's new norms, the president of a leading trade association of Indian IT...

Nissan former chairman Carlos Ghosn says he is innocent and ready for defense

Former Nissan Chairman Carlos Ghosn may leave detention as early as Wednesday, after a Tokyo court approved his release on 1 billion yen ($8.9...

RBI fines ICICI Bank, SBI and 17 other banks for non-compliance use of SWIFT Network

The Reserve Bank of India (RBI) has fined at least 19 lenders, including top banks such as ICICI Bank and State Bank of India,...

Airtel partners with Zoom Video for unified business communications solutions

Telecom operator Bharti Airtel has collaborated with Zoom Video Communications to launch unified communications solution for businesses. The collaboration aims to offer businesses "enhanced agility...
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