Topics: Business News

Reliance Industrial Investments to acquire Grab and C-Square info solutions

RIL-arm Reliance Industrial Investments has entered into agreements to acquire logistics services platform Grab and software firm C-Square Info Solutions. Reliance Industries, in a regulatory...

TCIL plans to raise Rs 1,500 crore through IPO

State-owned Telecommunications Consultants India Ltd (TCIL) expects to raise roughly Rs 1,500 crore from its planned IPO and wants to retain part of the...

Donald Trump: India is a high tariff country

India is a very high-tariff nation, US President Donald Trump alleged on Saturday, stating that he wants a reciprocal tax or at least some...

Huawei plans to pay billions in cash dividends to its shareholding employees

China’s Huawei is set to reward employee shareholders with a 3 percent rise in cash dividends that are worth billions of dollars, according to...

Hero MotoCorp sales decline by 1.96 percent in February

Two-wheeler market leader Hero MotoCorp on Friday reported 1.96 per cent decline in total sales at 6,17,215 units in February. The company had sold...
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US President Trump urges China to lift tariffs on US farm products

President Donald Trump said he had asked China to immediately remove all tariffs on US agricultural products because trade talks were progressing well. He also...

Hyundai Motor to boost the auto business margin to 7 percent by 2022

Hyundai Motor Co said on February 27 that it plans to boost the core automotive businesses' operating profit margin to 7 percent by 2022,...

SBI calls for lender meeting with Jet Airways Chairman Naresh Goyal and Etihad Airways CEO Tony Douglas

State Bank of India (SBI) has called an urgent meeting of lenders with Jet Airways Chairman Naresh Goyal and the domestic carrier's significant shareholder...

Reserve Bank of India proposes strick compensation norms for Private and Foreign Banks

Seeking to curb excessive salary payout practices, the Reserve Bank of India has proposed strict compensation norms for senior officials of private as well...

Warren Buffett’s firm Berkshire Hathaway reports the loss of $25 billion on paper stock

Warren Buffett's company recorded a $25 billion loss in the fourth quarter because of a big drop in the paper value of several of...
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E-tail giants: Comprehensive policy on e-commerce is a welcome move

E-commerce giants Amazon and Walmart-backed Flipkart on February 23 said they are reviewing the draft national e-commerce policy and will share their inputs on...

Exxon Mobil partners with Microsoft to use cloud technology in US oil producers shale operations

Exxon Mobil Corp and Microsoft Corp have agreed to use cloud technology in the U.S. oil producer's shale operations, they said on Friday, helping...

Report: Most of the Indian businesses does not compile with AI, Customer Analytics and Digital integration

While businesses in India are looking at several customer experience (CX) technologies such as customer analytics, Artificial Intelligence (AI), and digital integration, most of...

BIGO Technology to invest $100 million in India

Singapore-based social media platform BIGO Technology on Monday announced an investment of over $100 million to expand its business in India in the next...

Aditya Puri: No plans to cut down HDFC bank’s branch expansion

Largest domestic lender from the private sector space, HDFC Bank, does not intend to cut down on branch expansion, a top official said on...
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Reports: Citi group is in final talk to acquire Canary Wharf office building

Citigroup is in talks to buy the tower housing its European headquarters in London's Canary Wharf district, which is on the market with a...

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...
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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...

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...
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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...

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...
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