Topics: Business

SoftBank is picking its battles with US national security board

SoftBank Group Corp has agreed to give up board seats and access to sensitive information, take a more passive role in startups and make...

Jet Airways pilots body urges State Bank of India to release fund of Rs 1,500 crore

Jet Airways pilots body, the National Aviator's Guild, on Monday appealed the State Bank of India (SBI) to release Rs 1,500 crore, which was...

Foxconn chairman Terry Gou to step down in coming months

The chairman of Taiwan’s Foxconn, assembler of Apple’s iPhones, said on Monday he plans to step down in the coming months as he wants...

IMF’s bailout package for Pakistan to be delayed: Reports

The IMF's bailout package to Pakistan could be delayed as both sides are still engaged in an intense conversation to finalise the agreement and...

Volkswagen expects global sales to be in line for its core brands in 2019

Volkswagen expects global sales of its core brand this year to be in line with the 6.24 million level that it achieved in 2018...
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Mike Pompeo defends sanctions, says the US won’t quit fight in Venezuela

US Secretary of State Mike Pompeo on Friday defended sanctions on Venezuela and said the United States would not "quit the fight" in the...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sought to register FIRs against airlines' founder Naresh Goyal, chief executive...

Shaktikant Das: Monetary economics in emerging markets needs a rethink

Observing that the global financial crisis has exposed several limitations of conventional and unconventional monetary policy tools, Reserve Bank of India (RBI) Governor Shaktikanta...

Crude oil futures up by 0.93 percent on positive overseas market signs

Crude oil prices rose by Rs 41 to Rs 4,430 per barrel in futures market Friday as speculators created fresh positions, taking positive cues...

Thermax acquires all stakes of JV partners in Thermax SPX Energy Technologies

An India-based engineering company Thermax has announced that the company has acquired the complete stake of its joint venture partners in Thermax SPX Energy...
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Tokyo court extends Carlos Ghosn’s detention

A Japanese court on Friday ruled that Carlos Ghosn will remain in detention until April 22, as prosecutors grill the former Nissan boss over...

China’s economic growth in 2019 is expected to slow by 6.2% despite policy support

China's economic growth is expected to slow to a near 30-year low of 6.2 percent this year, a Reuters poll showed on April 12,...

Crude oil falls 0.87 percent amid weakens in overseas trend

Crude oil prices plunged 0.87 percent to Rs 4,435 per barrel on April 11 as speculators reduced bets amid a weakening trend overseas. On...

Amazon Web Services and Microsoft to compete for Pentagon’s 10 billion dollar’s cloud computing services contract

The U.S. Department of Defense on Wednesday said that "As a part of $10 billion worth of cloud computing services as a part of...

Volkswagen AG to acquire a big stake in Chinese EV partner JAC Motors

Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as...
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Twitter CEO Jack Dorsey’s salary is lesser than Starbucks ‘Freshly Brewed Coffee’ price

Twitter Inc said on April 7 it paid its Chief Executive Officer Jack Dorsey $1.40 in 2018. Dorsey had declined all direct compensation and benefits...

To recover Rs 423 crore, SBI invites Express of Interest to sell two dud accounts

SBI has invited expression of interest from asset reconstruction companies and financial institutions to sell two non-performing accounts to recover dues of over Rs...

Coca-Cola to launch ‘Powerade’ sports drink in India ahead of ICC World Cup

Ahead of ICC World Cup 2019, the U.S. soft drink maker giant Coca-Cola is planning to introduce its new sports drink called 'Powerade' in...

World Bank: India’s economic growth driven by domestic demands, need to focus more on exports

India's economic growth in recent years has been "too much" driven by domestic demand and its exports were about one-third of its potential, a...

‘Stupid Trade’ says Donald Trump on 100% tariffs imposed by India on US products

India charges America over 100 percent tariffs on a large number of products while the US imposes nothing on the similar or same items,...
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Baring Private Equity Asia bags 30% stake in NIIT technologies

Funds affiliated with Baring Private Equity Asia (BPEA) will buy about 30 percent stake in mid-sized IT services firm NIIT Technologies from NIIT Ltd...

NTPC infuses Rs 2000 crore as short term loan in Canara Bank

One of India's largest state-run power utility company, NTPC on Friday has announced that it has agreed to infuse Rs 2,000 crore in...

Foreign reserve grows to $412 billion from $5.23 billion

The maiden dollar-rupee swap conducted by the central bank last week helped the country's foreign exchange reserves swell by a healthy $5.237 billion to...

LivGuard secures $2.2 billion as a strategic investment from ChrysCapital and Ncubate Capital Partners

India's most substantial automotive battery, inverter battery, and solar maker LivGuard has raised Rs 220 crores (approx $2.2 billion) as a strategic investment from...

China outlines 10 billion dollars fresh tax and fee cuts to lift its economy

China has unveiled tens of billions of dollars worth of tax and fee cuts as part of a drive to kickstart the stuttering economy,...
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Volvo Car India reports 25 percent growth in retail sales business in 2018-19

Volvo Cars India, a business arm of Swedish luxury automaker Volvo has reported a 25 percent growth in the retail sales business. In the statement,...

Crude oil futures surges 0.37 percent to Rs 4,297 per barrel

Crude oil futures rose by 0.37 percent to Rs 4,297 per barrel on April 4 after participants widened their bets tracking a firm domestic...

Amazon acquires 49 percent shares in Witzig Advisory services

One of the world's largest E-commerce giant, Amazon Inc has acquired the 49% of the shares in Witzig Advisory Services, which also owes 'More...

Microsoft partners with BMW to build “Open Manufacturing Platform” for developing smart factories

Microsoft Corp and BMW Group on Tuesday launched an initiative to create an Open Manufacturing Platform that seeks to stimulate innovation and accelerate the...

HCL Technologies completes acquisition of Strong-Bridge Envision

IT major HCL Technologies said on Tuesday that its acquisition of US-based Strong-Bridge Envision has been completed. HCL had recently agreed to acquire the Seattle-based...
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