Topics: Business

Japan’s exports report 10% decline for August

Japan's exports likely contracted at the fastest pace in more than three years in August, a Reuters poll showed on September 13, indicating increasing...

The United States shows concern over trade deficit with India

The US on Friday expressed concern over the trade deficit with India and the challenges being faced by American companies to invest here. Addressing the...

CCI approves Amazon’s acquisition of 0.51% equity shares in Quess Corp

Fair trade regulator Competition Commission of India (CCI) on Monday said it has cleared the acquisition of equity share capital of Quess Corp by...

Zomato removes 541 employees from it’s across customer, merchant, and delivery partner support teams.

An India-based online food delivery company, Zomato has laid off more than 541 employees from its workforce. In a statement issued by the company on...

China to infuse $1 billion in Pakistan development projects

The Chinese government is planning to invest $1 billion in Pakistan’s development projects, China’s Ambassador to Pakistan said on Saturday. Speaking with the delegation led...
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China, US trade shrinks as tariff war worsens

China's trade with the United States shrank by double digits in August as the two sides prepare for trade talks with no sign of...

Tencent acquires 10% shares of Universal Media Group from Vivendi

As the part of the strategic investment, the French media company, Vivendi has agreed to sell the 10 percent stake of Universal Music Group...

Nintendo operational profit drops by 10.2 percent

Despite the stronger sales in the Switch console business, Nintendo Co, a Japan-based gaming company, has reported a downfall of 10.2 percent in its...

Apple acquires Intel’s smartphone modem unit for $1 billion

U.S. technology giant Apple Inc, on Thursday, announced the acquisition of Intel’s smartphone modem business at $1 billion. In a statement issued by the Intel,...

Pakistan makes imports of Rs2.56 billion from India, for anti-rabies and anti-snake venom vaccines

In the last 16 months, Pakistan has imported an anti-rabies and anti-snake venom vaccines worth of Rs2.65 billion from India. In a report published on...
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Salesforce partners with Alibaba, plans to provide cloud sales solutions in China

A U.S. based cloud-based CRM company Salesforce Inc has announced its strategic partnership with Chinese e-commerce company Alibaba Group Holding. In a statement issued by...

Arianna Huffington, Matt Cohler resigns from Uber board.

Uber Inc, a U.S. based ride-hailing app on Wednesday announced the departure of “Arianna Huffington and Matt Cohler from the Uber’s board of director’s...

SK Hynix reports 89 percent dip in Q2 profit

SK Hynix Inc, the South Korean chipmaker and one of the second largest memory-chip maker behind Samsung Corp, has reported a decrease in second-quarter...

Raghuram Rajan says, “Brexit is a reason why he didn’t apply for the job to lead Bank of England.”

RBI's ex-Governor Raghuram Rajan on Friday said that “the political challenge posed by the Brexit were the few reasons why he didn’t apply for...

China Southern Airlines receives $4.36 billion through equity diversification plan

China Southern Airlines will carry out an equity diversification plan that will involve the injection of 30 billion yuan ($4.36 billion) of capital from...
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Haruhiko Kuroda, Governor of Bank of Japan, denounced Morden Economic Philosophy

Bank of Japan Governor Haruhiko Kuroda on July 19 denounced an economic philosophy that encourages the use of government spending as a primary policy...

UK retail sales surge by 1% in June

British retail sales rebounded unexpectedly in June, according to official data that may raise hope the economy will sidestep a downturn in the second...

Ebix acquires Yatra for $337.8 million in merger deal

Ebix Inc, a U.S. based, leading supplier of On-Demand software and E-commerce service provider to healthcare, insurance and finance, and e-learning industries has announced...

Japan setups working group to discuss the impact of Facebook’s cryptocurrency Libra

Japanese authorities have set up a working group to discuss the impact Facebook's proposed Libra digital coin could have on monetary policy and financial...

Accenture names Julie Sweet as company’s new CEO

Accenture on Friday announced the appointment of Julie Sweet, who played an integral role in the company's business and investment strategy, as its new...
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Toch secures pre-series A round funding from Mumbai Angels Network, Hyderabad Angels, Mihir Modi, and others

Toch, a Mumbai-based interactive video platform which uses deep learning and AI technology, has secured an undisclosed amount in its pre-series A round funding...

Imran Khan’s Finance Advisor: IMF’s $6 billion bailout package to Pakistan, would attract another $38 billion from other lenders

The IMF's decision to provide a USD 6 billion bailout package to Pakistan has improved the cash-strapped country's standing, and it would attract USD...

Britannia Industries denies reports over resignation of its MD Varun Berry

FMCG major Britannia Industries on June 26 dispelled speculations over the resignation of its Managing Director Varun Berry from the company. Terming the speculations as...

Bayer to invest $5.6 billion in Weedkiller research

Germany’s Bayer sought to repair its reputation on Friday after damage caused by U.S. litigation over claims its glyphosate pesticide causes cancer, saying it...

India to increase tariff duties on 29 additional US products

After extending the deadline for several times, India has decided to impose additional customs duties on 29 US products, including almond, walnut, and pulses,...
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Prime Minister Narendra Modi hits out at unilateralism and trade protectionism at SCO Summit

Prime Minister Narendra Modi on June 14 hit out at unilateralism and trade protectionism and said that there is a need for a rules-based,...

China increases anti-dumping duties on the US, EU steel tubes and pipes

China said on Friday that it was raising anti-dumping duties on certain alloy-steel seamless tubes and pipes used at utilities and imported from the...

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...

China: Prime Minister Narendra Modi, Xi Jinping may discuss US trade protectionism in SCO summit

Describing Prime Minister Narendra Modi and President Xi Jinping as "good friends", China on Monday hoped that the two leaders would discuss their respective...

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...
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