Topics: Business

Sony corp reports lower than expected profit in its business

Japan's Sony Corp reported lower-than-expected profit on Friday as its previously thriving gaming business sagged, though a one-off gain related to its acquisition of...

Honda Cars sales increased by 23 percent in January

Honda Cars India Ltd (HCIL) Friday reported a 23 percent increase in its domestic sales to 18,261 units in January. The company had sold 14,838...

Toyota Kirloskar Motor sales decline by 9 percent in January

Toyota Kirloskar Motor (TKM) on Friday reported a 9 percent decline in total vehicle sales in January to 12,067 units, compared with 13,239 units...

Government e-marketplace saw Rs 17,500 crore as a transaction in 2 years

Transactions worth Rs 17,500 crore have taken place through the public procurement online platform Government e-marketplace (GeM) in the last two years, resulting in...

VECV sales declines by 13 percent at 5,906 units in January

VE Commercial Vehicles Ltd, a Volvo Group and Eicher Motors joint venture, Tuesday reported a 13.2 per cent decline in sales to 5,906 units...
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AIIB is likely to invest $1.4 billion in Pakistan

According to the media report, A China-based Asian Infrastructure Investments Bank (AIIB) is planning to invest $1.4 billion in Pakistan's development projects. the Express Tribune...

Foxconn seeks Rs 1000 crore as GST refund from Government of India

A Taiwan based electronic manufacturing company, Foxconn on Tuesday, raised its concerns about the delays in getting the refund of Rs 1000 crore from...

Executive: Alibaba will continue to invest aggressively

Chinese e-commerce giant Alibaba Group Holding Ltd will continue to invest aggressively despite an uncertain business environment, a senior company executive said at a...

Paytm to expand its business in one or two more developed market.

Paytm an online payment company in India is reportedly planning to expand its business in one or more developed markets. While speaking at World Economic...

Google, Facebook, and Microsoft spend big on U.S. lobbying in 2018

Alphabet Inc’s Google disclosed in a quarterly filing on Tuesday that it spent a company-record $21.2 million on lobbying the U.S. government in 2018,...
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U.S. rejects China’s preparatory trade talks offer

The Trump administration has rejected an offer from China for preparatory trade talks this week ahead of high-level negotiations scheduled for next week, the...

RSS affiliate SJM demands robust e-commerce policy to protect small business owners from Flipkart and Amazon

The RSS affiliated SJM has passed a resolution demanding a robust e-commerce policy to protect the interests of small shopkeepers, as big online retailers...

Reports: The US to seek formal extradition on Huawei’s executive

The United States will proceed with the formal extradition from Canada of Huawei executive Meng Wanzhou, Canada's ambassador to the United States told the...

Microsoft India launches e-commerce portal for Telangana’s handloom weavers

In a bid to empower handloom weavers in Telangana, Microsoft India on Saturday announced the launch of a new e-commerce portal that will help...

India’s new e-commerce policy to hit $46Bn in sales reduction by 2020

According to a draft analysis from PwC a global consultants firm, "the new restrictions and rules brought by the Indian government, Will affect the...
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Foxconn cuts 50,000 contract jobs in China

Apple Inc's biggest iPhone assembler Foxconn Technology Group has let go around 50,000 contract workers in China since October, months earlier than normal, Nikkei...

Zomato partners with Paytm, Plans to reach 80 thousand restaurants and 11 cities by month end.

The online food delivery firm, Zomato on Thursday announced that it has partnered with an e-wallet company Paytm, to provide food ordering and delivery...

Uber to experiment with intra-city buses, quadricycles, electric scooters and auto-rickshaws in India

A U.S. based ride-hailing Uber Technologies may soon start intra-city buses, quadricycles, scooters and auto-rickshaws service in India. In an interview with Business Standard, Uber's...

Tata Motors Group sales declines by 14% in December 2018

Tata Motors on Friday reported 13.9 per cent decline in group global wholesales, including that of Jaguar Land Rover (JLR), at 1,00,551 units in...

Investors question Amazon’s future after Jeff Bezos divorce announcement with his wife

Amazon.com Inc shares see-sawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the...
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Naspers backed OLX Group acquires Aasaanjobs for an undisclosed amount

Naspers-funded OLX Group has acquired Aasaanjobs for an undisclosed amount, a move aimed at strengthening the classified player’s position in the online...

Suresh Prabhu assures startups over Angel tax issue, says will find the solution soon.

Union commerce minister Suresh Prabhu said the government will soon come up with a solution to address the problems being faced by startups with...

Tesla shares fell short after, unexpected delivery failure of Sedan 3 models

Tesla Inc shares fell 9% on Wednesday after the electric car maker delivered fewer-than-expected Model 3 sedans in the fourth quarter and cut prices...

PayPal India reports Rs 260 crore as revenue in Fiscal Year 2018, from Rs 21 crore last year

PayPal Inc, a U.S. based worldwide online payment merchant, has announced that its Indian business has reported a twelve-fold increased in its revenue in...

Uber India reports Rs 21.5 crores as revenue for March end of FY18

Uber India, a subsidiary of U.S. based ride-hailing company Uber on Wednesday announced that "The company has reported Rs 21.5 crore as revenue in...
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Infibeam Avenues decline to acquire Unicommerce eSolutions from Snapdeal

Infibeam Avenues Limited an India-based e-commerce site on Friday said that it had terminated the deal of acquiring of Unicommerce eSolutions Pvt Ltd a...

ICRA: Indian IT companies growing between 9-12% CAGR during FY18-21

Indian IT services companies are expected to grow at a compounded annual growth rate (CAGR) of 9-12 percent between FY2018-21, impacted by lower deal...

Visa to acquire British payment company Earthport for $250 Mn

Visa Inc is paying 198 million pounds ($250.6 million) to buy Earthport Plc, a British firm that facilitates international transactions for banks and businesses,...

Huawei expects $109 billion as revenue for 2018

Huawei Technologies' rotating chairman Guo Ping said in his new year's address that the Chinese tech giant's revenue in 2018 is expected to be...

Bank of Japan’s governor Haruhiko Kuroda blames stock rout on heightening global uncertainty

Bank of Japan Governor Haruhiko Kuroda blamed recent instability in stock markets on growing global economic uncertainties but said the world’s third-largest economy was...
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