Topics: Business

CAIT calls Amazon, Flipkart as 'Economic terrorists'

Traders' body CAIT on Sunday lashed out at e-commerce majors Amazon and Flipkart, calling them "economic terrorists," and demanded that the government take action...

Hinduja's Ashok Leyland sales dip by 22 percent in November to 10,175 units

India's largest automaker giant Ashok Leyland has reported a decline of 22 percent in total commercial vehicle sales at 10,175 units in November. In a...

Walmart partners with HDFC Bank launches co-branded credit card for members of Wholesale B2B cash & Carry stores

HYDERABAD: Walmart India, in partnership with HDFC Bank, on Monday launched a co-branded credit card exclusively for members of its Best Price Modern Wholesale...

Argentina's fintech startup Uala plans for expansion with Tencent, SoftBank, and Pierpaolo Barbieri

Argentine digital banking startup Uala is looking to more than double in size, expand its product range and leverage expertise from new investors including...

Huawei Technologies gauges interest among lenders for a loan up to $1.5bn

Chinese telecommunications giant Huawei Technologies is back for its second offshore loan this year, gauging interest among lenders for a loan of up to...
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Amazon cloud unit designs more powerful data center processor chip: Reports

Amazon.com Inc's cloud computing (AWS) unit has designed a second, more powerful generation of data center processor chip, two sources familiar with the matter...

IKEA to infuse 200 million euros to lead “climate positive” race

IKEA, the world's biggest furniture group, said on Wednesday it would spend around 100 million euros ($110 million) on supporting its direct suppliers in...

Kuwait’s KIA to invest in Aramco IPO: Sources

Kuwait Investment Authority (KIA) plans to invest in the initial public offering (IPO) of Saudi Aramco, two sources familiar with the matter told Reuters...

Government raises the authorised capital of FCI to Rs 10,000 crore

In an attempt to infuse the additional capital in its state-owned company, the Government of India has increased the authorised capital of Food Corporation...

Indian Railways has generated Rs 139.20 crore from sale of platform tickets in 2018-19

Railways earned Rs 139.20 crore from the sale of platform tickets in 2018-19 and Rs 78.50 crore till September this fiscal, the ministry informed...
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Sitaram Yechury: Narendra Modi Government must bring a white paper on the status of Indian economy

CPI(M) general secretary Sitaram Yechury on Wednesday demanded that the government bring out a white paper on the status of the economy referring to...

India’s forex reserves increase by $441 million to a new lifetime high of $448.2 billion

India's forex reserves rose by $441 million to a fresh lifetime high of $448.249 billion in the week to November 15 on an increase...

US antitrust lawmakers frustrated with Google’s latest Fitbit deal

Lawmakers pressed top US antitrust enforcers on their probes of tech giants Alphabet's Google, Facebook, Amazon and Apple with the chair of a House...

NIUM launches its cross-border payments platform in Indonesia

With the attempt to strengthen its position in Southeast Asia’s cross-border payment space. NIUM (a formerly known as InstaReM) on Wednesday, said that “It...

Bookingjini scores Rs 3 crore from Mumbai Angels, Apurva Salarpuria and others

Bookingjini, a Bhubaneshwar-based online platform that allows hotels to generate direct booking on its platform, has scored Rs 3 crores in its seed...
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Centre to impose 25% safeguard duty on imports of single-mode optical fiber

The Centre is considering a 25 percent provisional safeguard duty on the import of single-mode optical fibre, used for signal transmission. This follows a Commerce...

Bank Of England keeps its interest rate at 0.75%, alters UK growth forecasts at 1.4% for 2019

The Bank of England (BoE) has left its main interest rate at 0.75 percent, it said on November 7 after a regular meeting and...

IMF Chief Kristalina Georgieva says, “Global debt surges record-high to $188 trillion”

The global debt load has surged to a new all-time record equivalent to more than double the world's economic output, IMF chief Kristalina Georgieva...

pre-IPO round: Freshworks secures $150 million funding from Google, Sequoia, Accel Partners

Valuing the company at $3.5 billion, the Chennai-based customer engagement software company, Freshworks, has secured $150 million in new round funding from its existing...

Piyush Goyal: RCEP against India’s economic interest

The RCEP agreement was against India's economic interest and national priorities, Commerce and Industry Minister Piyush Goyal said on November 4 as the country...
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Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rahul Gandhi on Monday hit out at the RCEP and alleged that...

IAG acquires Spanish Air carrier Air Europa for 1 billion euros

British Airways owner IAG said on Monday that it has had agreed to buy Spanish carrier Air Europa for 1 billion euros ($1.12 billion)...

Aviso appoints two new executives, Opens new offices in India

With an attempt to strengthen the presence in India’s tech space, Redwood based AI-powered guided selling platform Aviso, has announced the appointment of two...

US, China seeks new site to sign tentative trade agreement, says President Donald Trump

President Donald Trump said that the US and China are working to secure a new site to sign a tentative trade truce and the...

Toyota Kirloskar Motor reports 5 percent drop in October Sales

Toyota Kirloskar Motor (TKM) on Friday reported a 5 percent decline in total sales at 12,610 units in October. The company had posted total...
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Dharmendra Pradhan: India to see $118 billion investment in Oil and Gas sector in the next five years

India will see a massive investment of USD 118 billion in oil and gas exploration as well as in setting up of natural gas...

IDC: Consumer spending on technology to hit $1.69 trillion in 2019

NEW YORK: Driven by emerging technologies including AR/VR headsets, drones, on-demand services, robotic systems, smart home devices and wearables, consumer spending on technology is...

Ministry of Commerce advises Ecommerce companies to decrease single-use plastics

In an attempt to reduce the use of single-use plastics in the country, the Commerce Ministry of India has directed “the Ecommerce companies to...

FM Nirmala Sitharaman: Will honour contractual commitments under various energy pacts

Finance Minister Nirmala Sitharaman on Monday, October 14, 2019, assured investors that India will honour contractual commitments under various energy agreements. “Commitments shall be honoured...

Experts: OECD proposal on taxing MNEs will benefit countries like India

The OECD's proposal for taxing multinational enterprises (MNEs), including digital companies, based on consumer-facing activities or markets instead of their physical presence, would benefit...
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