Topics: Business News

Uber to acquire its Dubai based rival for $3.1 billion

An American ride-hailing company Uber is planning to acquire Careem, a Dubai based taxi company and also one of its main competitor in Dubai. Quoting...

Varun Beverages gets CCI approval to acquire PepsiCo’s franchise rights

One of Pepsico's largest bottling partner in India, Varun Beverages Ltd (VBL) has received a nod from the Competition Commission of India for its...

Italy signs 2.5 billion euros deal with China, will join China’s CBRI project

Italy signed a preliminary accord with China on March 23 that makes it the first country of the Group of Seven industrialised nation to...

OLX to focus on expanding its business in India, Monetization after ten-fold

A Naspers group backed online marketplace for pre-owned goods seller OLX has said that "The company will start focussing on monetizing its business in...

China refuses to accept US demands on ease curbs on US tech companies

Ahead of fresh high-level trade talks this week, China is not conceding to US demands to ease curbs on technology companies, the Financial Times...
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Prime Minister Narendra Modi and FM Arun Jaitley don’t know anything about Economy says, Subramanian Swamy

BJP MP Subramanian Swamy on March 23 claimed neither Prime Minister Narendra Modi nor Finance Minister Arun Jaitley knew economics, as they dub India...

SBI raised Rs 1,251 crore through Basel III-complaint bonds

One of India's largest public bank, State Bank of India has raised Rs 1,251.30 crore from Basel III-complaint bonds. In a regulatory filing on Friday,...

Wall Street dips after the global economic slowdown report

Wall Street stocks sold off sharply on Friday, with all three major US stock indexes posting their biggest one-day percentage declines since Jan. 3,...

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...
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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...

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...
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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...

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...
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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...

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...
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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...

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...
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