Topics: Business

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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Louis Vuitton, Kering’s Gucci, Apple Inc, and other luxury brands drop their prices in China

Apple Inc and other consumer brands lowered prices for their products in China on April 1 as a cut in the country's value-added tax...

Oil jumps Five months high on firmer China data, prospect of fresh supply crubs

Oil prices climbed to nearly five-month highs on Tuesday, supported by firm Chinese economic data that eased demand concerns, the possibility of more sanctions...

Nissan panel to suggest a bigger role for its external directors in Carlos scandal’s wake

A committee tasked with revamping corporate governance at Nissan Motor Co is expected to recommend on Wednesday a bigger role for external directors in...

China grants financial assistance of $2.2 billion to Pakistan; forex reserve touches $17.8 billion

In an attempt to bail-out its close friend from the bankruptcy and to shore up the foreign reserve of its close ally, China on...

DLF to raise Rs 3,000 crore from QIP, plans to become a debt-free company

With the aim to become the debt-free company, India's largest commercial real estate developer DLF on Monday said that "the company is planning to...
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US recession tension mounts, Global stocks dip as investors looks for bonds as safe investments

Investors dumped shares on Monday and fled to the safety of bonds while the Japanese yen hovered near a six-week high as risk assets...

Uber to acquire its Dubai based rival for $3.1 billion

An American ride-hailing company Uber is planning to acquire Careem, a Dubai based taxi company and also one of its main competitor in Dubai. Quoting...

Varun Beverages gets CCI approval to acquire PepsiCo’s franchise rights

One of Pepsico's largest bottling partner in India, Varun Beverages Ltd (VBL) has received a nod from the Competition Commission of India for its...

Italy signs 2.5 billion euros deal with China, will join China’s CBRI project

Italy signed a preliminary accord with China on March 23 that makes it the first country of the Group of Seven industrialised nation to...

Tata Capital bags $100 million in funding through ECB

Tata Capital, the financial services arm of the diversified conglomerate, will be raising $100 million in foreign borrowings through an arm by next week,...
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