Topics: Business News

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...

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...
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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...

Amazon may fall under FTC’s jurisdiction on the antitrust case

Following an agreement between the Federal Trade Commission (FTC) and the Department of Justice (DOJ), e-commerce giant Amazon could fall under FTC's jurisdiction on...

Zomato’s Bharatvarsh expansion, now available in more than 300 cities

In an attempt to increase the business presence in the country, A Gurgaon based online food delivery company Zomato has said that “The...
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Hero FinCorp to buy Anil Ambani’s Reliance General Insurance business for Rs 5,500 to 6,000 crore

India's leading retail and commercial lending firm Hero FinCorp is in an advanced talk of buying Reliance General Insurance (RGI) a company owned Reliance...

Fortis Healthcare reports a net profit of Rs 151 cr in Q4

Fortis Healthcare has reported a consolidated net profit of Rs 151.19 crore for the quarter ended March, as against a net loss of Rs...

GoAir offers one million seats for Rs 899

In one of its largest-ever discounted ticket schemes, budget carrier GoAir May 24 put one million seats up for grabs with fares starting at...

InstaReM to offer cross-border payments service for KASIKORNBANK clients

Asia's leading digital cross-border payment company InstaReM has partnered with Thailand's leading bank KASIKORNBANK (KBank) to provide cross-border payments for bank's client. The company in...

Tech Mahindra secures Rs 300 crore defence deal from Indian Navy

IT major Tech Mahindra Tuesday said it has signed a defence contract worth Rs 300 crore, its biggest till date. As part of the...
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Walmart to make its first direct pitch to big corporate advert buyers at New York event

Walmart Inc will meet large consumer goods companies and advertising firms for the first time in New York next week to pitch its advertising...

Yoshihide Suga: Japan’s Government already planning steps to ease pain from sales tax hike

Japan's government is already planning to take sufficient steps to mitigate the pain a scheduled sales tax hike in October could inflict on the...

US to scale back Huawei trade restrictions to help its existing customers

The US Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies after this week's blacklisting would have made it...

Indian junk bonds make a big comeback in 2019

Sales of Indian junk bonds have made a big comeback in 2019, almost tripling to hit a five-year high, boosted by a risk-on rally...

Infinix Mobile is expecting the growth of 50 to 60 percent from smartphone sales

Mobile device maker Infinix expects around 50-60 percent growth in its smartphone sales this year with its focus on customers in the economy segment,...
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Crude oil futures gains 0.65 percent on a global trend

Crude oil futures rose by Rs 30 to Rs 4,623 per barrel on Tuesday as speculators created fresh positions, tracking a firm trend at...

Huawei reports 39% growth of $27 billion in Q1, despite US pressure on the world and its allies

Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm's first-ever quarterly...

ITC moves National Company Law Tribunal court against Hotel Leela Venture

One of India's biggest FMCG company ITC has filed a case against Hotel Leelaventure at National Company Law Tribunal. In a regulatory filing at the...

Nasim Zaidi resigns from Jet Airways board

Jet Airways, an Indian airline company which has grounded for more than a month has announced that "One of its non-executive and non-independent director...

UAE, Saudi Arabia commits $3 billion as financial aid to Sudan

Saudi Arabia and the United Arab Emirates said they had agreed to send Sudan $3 billion worth of aid, throwing a lifeline to the...
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Apple to face legal action over violating the security exchange act

A lawsuit filed in the US has alleged that Apple violated the country's Securities Exchange Act by hiding a slowdown in demand for iPhones,...

Ashish Sinha: India’s growth trajectory holds tremendous potential for global stakeholders

India's growth trajectory holds immense potential for global stakeholders to establish energy, infrastructure, and technology collaboration with the country, a UN forum here has...

Walmart is committed to Indian market says Walmart CEO Doug McMillon

Almost a year into writing a USD 16 billion cheque for Flipkart, Walmart CEO Doug McMillon Tuesday said the retail giant continues to be...

Wall Street signs positive earning growth

US stocks ended slightly higher on Tuesday, with the S&P 500 inching closer to its all-time high following a string of mostly positive earnings,...

Asian internet companies are competing with traditional banks on consumer finances

Asia’s internet firms are challenging the region’s traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed...
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