Topics: Business

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...

Zomato partners with Traffic training institute-Cyberabad to train more than 600 delivery partners

In an attempt to increase the road safety awareness within the delivery partners, One of India's largest food delivery company Zomato on Friday announced...

Finance Minister Asad Umar: Pakistan fails to lock $3.2 billion oil payment facility from UAE

Cash-strapped Pakistan has failed to secure a USD 3.2 billion oil on deferred payments facility from the UAE, a media report Thursday quoted Finance...

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...

Commerce Sec Anup Wadhawan: India looks for better deal for exporters under Free trade agreement

India is in discussions with its key trading partners to expand preferential duties under free trade agreements (FTAs) even as the government is streamlining...
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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...

Snapdeal, ShopClues, and few other partners to launch a new trade association called “TECI”

E-Commerce players, including Snapdeal, ShopClues, UrbanClap, and Shop101, have joined hands to launch a new trade association, The E-Commerce Council of India (TECI). The...

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...
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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...

Infosys Finacle to develop cross-border trade finance network for Hatton National Bank

Sri Lanka's leading private bank Hatton National Bank (HNB) on Wednesday announced that "It has partnered with Infosys Finacle Trade Connect, a part of...

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...

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...
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Qualcomm looks for $31 million in damages from Apple

Chip-maker Qualcomm is seeking nearly $31 million in damages from Apple for violating its intellectual property rights. The ongoing trial in a US court is...

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...

Suresh Prabhu: The Government is confident of meeting $100 billion in FDI by 2020

Commerce and Industry minister Suresh Prabhu said on March 9 the government has set a target of attracting $100 billion in foreign direct investments...

Chinese Vice Minister says, China and the US are working day and night to achieve a trade deal

China and the United States are still working day and night to achieve a trade deal that matches the interests of both sides and...

Vodafone, Idea, and Airtel pay over Rs 6,000 crore as spectrum dues, While Jio yet to pay Rs 21.5 crore

Telecom operators Vodafone Idea, Bharti Airtel and Reliance Jio have paid the government about Rs 6,000 crore in spectrum dues slated for March 3,...
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Nissan former chairman Carlos Ghosn says he is innocent and ready for defense

Former Nissan Chairman Carlos Ghosn may leave detention as early as Wednesday, after a Tokyo court approved his release on 1 billion yen ($8.9...

RBI fines ICICI Bank, SBI and 17 other banks for non-compliance use of SWIFT Network

The Reserve Bank of India (RBI) has fined at least 19 lenders, including top banks such as ICICI Bank and State Bank of India,...

Airtel partners with Zoom Video for unified business communications solutions

Telecom operator Bharti Airtel has collaborated with Zoom Video Communications to launch unified communications solution for businesses. The collaboration aims to offer businesses "enhanced agility...

Reliance Industrial Investments to acquire Grab and C-Square info solutions

RIL-arm Reliance Industrial Investments has entered into agreements to acquire logistics services platform Grab and software firm C-Square Info Solutions. Reliance Industries, in a regulatory...

Pepperfry to invest $12 million, plans to reach more customers this year

Furniture and home products marketplace Pepperfry expects to pump in about $12 million (over Rs 85 crore) this year as it sets up over...
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Donald Trump: India is a high tariff country

India is a very high-tariff nation, US President Donald Trump alleged on Saturday, stating that he wants a reciprocal tax or at least some...

Huawei plans to pay billions in cash dividends to its shareholding employees

China’s Huawei is set to reward employee shareholders with a 3 percent rise in cash dividends that are worth billions of dollars, according to...

Hero MotoCorp sales decline by 1.96 percent in February

Two-wheeler market leader Hero MotoCorp on Friday reported 1.96 per cent decline in total sales at 6,17,215 units in February. The company had sold...

Biocon appoints Christiane Hamacher as the CEO of Biocon Biologics Ltd

One of India's largest biopharmaceutical company Biocon Limited on Friday announced the appointment of Christiane Hamacher as the CEO of Biocon Biologics India Limited. In...

Hyundai Motor to boost the auto business margin to 7 percent by 2022

Hyundai Motor Co said on February 27 that it plans to boost the core automotive businesses' operating profit margin to 7 percent by 2022,...
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