Topics: Business

M&M incorporates MBPL of Bangladesh as a wholly-owned subsidiary

India’s largest automaker company, Mahindra and Mahindra has incorporated ‘Mahindra Bangladesh Private Limited (MBPL)’ as its wholly-owned subsidiary. In a filing at the BSE, the...

United States unveils plans to extend scrutiny of foreign investments

The US government outlined more detail on September 17 on its plans to beef up foreign investment oversight, including a proposal to permit the...

Government scraps 5 percent import duty on open cell TV panel

In a bid to boost domestic manufacturing, the government has removed 5 per cent custom duty imposed on import of open cell TV panel,...

Mindtree introduces Blockchain-powered ‘Merchant On-Boarding’ solutions for Banks and Payment service providers

A Banglore-based technology service provider, Mindtree on Wednesday launched its new Blockchain-powered “Merchant On-Boarding” solutions for banks and payment service providers. In a statement issued...

Trade deal with China in the offing, says President Donald Trump

A trade agreement between the US and China is likely to happen either before or immediately after the American elections, President Donald Trump has...
- Advertisement -

China state planner approves $9.72 bn of fixed asset investment projects in August

China's state planner said on Wednesday that it approved 68.9 billion yuan ($9.72 billion) of fixed-asset investment projects in August. The National Development and Reform...

Tata Power arm announces its exit from South African Joint Venture Cennergi for $106 mn

As a part, its strategy to cut its financial liabilities and focus on the domestic market, Tata Power on September 17 announced exit from...

Air India Assets Holdings Ltd secures Rs 7,000 crore through bond issue

Air India Assets Holdings Ltd (AIAHL) on Monday raised Rs 7,000 crore through bonds issue, which was oversubscribed. AIAHL is a special purpose vehicle...

Kedaara Capital to infuse $55 million in retail eye-wear company Lenskart

Lenskart, an India-based eye-wear retail company, will be is raising Rs 392 crore (approx. $55 million) from private equity firm Kedaara Capital, a newspaper...

United States may agree for “No tariffs rise on Japanese Cars”

The United States will agree not to raise tariffs or introduce curbs to import quotas on Japanese cars when the country’s leaders meet next...
- Advertisement -

London Stock Exchange rejects Hong Kong’s $39 billion’s takeover bid

London Stock Exchange has rejected Hong Kong Exchange's $39 billion takeover offer, opting to stick with its planned purchase of data and analytics group...

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...
- Advertisement -

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...

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,...
- Advertisement -

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...

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...
- Advertisement -

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...

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...
- Advertisement -

Trending