PUNE (TIP):With an intent to shorten the waiting period and continue with its strategy of making high-demand cars in India, Mercedes Benz rolled out the Made in India GLC SUV from the assembly line in […]
NEW DELHI (TIP): The Centre has approved a strategic sale in loss-making Bharat Pumps and Compressors Limited. It comes 12 years after a state-run company — Jessop & Company —was last sold through this route. […]
LONDON (TIP): British Airways has signed a revenue-sharing agreement with Qatar Airways, allowing the pair to co-operate on scheduling and pricing, BA’s owner IAG said in a statement on Sept 28. State-owned Qatar Airways owns […]
BERLIN (TIP): Germany’s second largest lender Commerzbank said on Thursday it plans to cut 9,600 jobs, nearly a fifth of its workforce, by 2020 and withhold dividends to pay for a 1.1-billion-euro restructuring. The Frankfurt-based […]
New York: Immigrants contributed 2 trillion dollars to the economy in 2015-16 and Indians are “the most entrepreneurial” of all groups, a new US report on immigration claims, countering the premise that immigrants are a […]
SINGAPORE (TIP): Yoga guru Ramdev’s close associate Acharya Balkrishna has entered the annual Forbes list of India’s 100 Richest People at the 48th position with a net worth of$2.5 billion, owing to his 97 per […]
BENGALURU (TIP): Apple has partnered with Flipkart to sell its iPhone 7 on the Bengaluru-based etailer’s platform from October 7. Flipkart will source iPhone 7 directly from Apple, unlike previous years when it would source […]
GENEVA (TIP): India lost its appeal at the World Trade Organization in a dispute over solar power on Friday, failing to overturn a US complaint+ that New Delhi had discriminated against importers in the Indian […]
MUMBAI (TIP): In the largest foreign direct investment in the country since Narendra Modi-led BJP came to power in 2014, Vodafone Plc, Europe’s biggest mobile service provider, has infused Rs 47,700 crore ($7.5 billion) in […]
NEW DELHI (TIP): State-run BSNL will be the first to cut tariffs to better Reliance Jio ‘s offer, a top official said on Wednesday, setting the stage for a price war in the country’s crowded […]
Singapore, Sep 22 (PTI) Gujaratis seem to be among the most dominant communities when it comes to wealth creation, with Ambanis, Adanis, Shanghvis and Patels cornering a large number of top positions on the list […]
London: Over 50 leaders from the world of business and politics in Britain and India have backed a campaign for the UK to extend its new 87-pound two-year visitor visa to Indian nationals. In a letter […]
Reliance Defence has won a contract for the refit of three naval warships at its facility at Pipavav in Gujarat, sources said. The value of the order is pegged at Rs 300 crore. The refit […]
Beijing, Sep 22 (PTI) For the first time, Chinas outbound investment has exceeded the Foreign Direct Investment (FDI) it received, official data for 2015 showed today, as the cash- rich Communist giant looks for new […]
Pakistani stock markets witnessed a sharp decline on Thursday as reports of an imminent strike from India are speculated. The Karachi Stock Exchange (KSE) on Thursday closed at 39,771 points, noting a decline of 569 […]
Bayer won over Monsanto’s management with a $128 per-share cash offer to acquire the global seed market leader, a person familiar with the matter said, in a move to command more than a quarter of […]
NEW DELHI (TIP): The Budget session of Parliament may be advanced by a month and commence on January 24 and a combined Railway and General Budget may be presented on January 31. The Cabinet is […]
NEW DELHI (TIP): Dismissing beleaguered businessman Vijay Mallya’s claim that he is unable to travel back as his passport has been suspended+ by the Indian authorities, the government on Thursday (Sept 15) said any citizen […]
Navin Shankar Subramaniam Xavier duped around 100 investors MIRAMAR, FL(TIP): The former Chief Executive Officer of Essex Holdings, Inc., Navin Shankar Subramaniam Xavier, a/k/a ‘Navin Xavier,’ a/k/a ‘Dr. Navin Xavier’, 44, of Miramar, Florida, was charged with […]
NEW DELHI (TIP): Reliance Jio has sought the industry watchdog’s intervention over the three main telecom operators — Airtel, Vodafone and Idea — refusing to allow porting of their subscribers to its own network, in […]
CHENNAI (TIP): Apparel giant Raymonds to cut about 10,000 jobs in its manufacturing centres in the next three years, replacing them with robots and technology, said Sanjay Behl, CEO, Raymonds. Speaking at an event at […]
COIMBATORE (TIP): Moody’s Investors Service has placed under review for downgrade Reliance Communications’ (RCOM) Ba3 corporate family rating and senior secured rating following the announcement of its plan to merge its wireless business with Aircel […]
NEW DELHI (TIP): With regulation on pollution from automobiles getting stringent world over, carmakers finally moving towards electrics, but not in a hurry. Companies such as Mercedes-Benz, Audi, and Volvo plan to start off with […]
New York, Sep 13 – Indias top women bankers, SBI chief Arundhati Bhattacharya, ICICI head Chanda Kochhar and Axis Bank CEO Shikha Sharma, are among the 50 most powerful women based outside the US, according […]
Reliance Communications has finally announced its long-awaited merger with unlisted telecom operator Aircel. It is said to be one of the biggest mergers of the telecom sector. The pressure in the telecom sector has already […]
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