BERLIN (TIP): Audi sold fewer cars in August than luxury rivals BMW and Mercedes-Benz as Volkswagen’s flagship brand has been harder hit by falling demand in China than its German peers. Audi said on Sept […]
MUMBAI: Market regulator Sebi on Thursday ordered B Ramalinga Raju and his family, the former promoters of fraud-ridden erstwhile Satyam Computers, to return Rs 1,803 crore of their ill-gotten money plus interest for over six-and-a-half […]
CAIRO (TIP): In a few short years, if everything goes according to plan, Egypt will have new megaprojects, special investment zones and power plants fueled by the largest offshore gas field in the Mediterranean. But […]
SINGAPORE (TIP): Oil prices eased in Asia on September 10 as dealers focused on an upcoming US energy report for clues about production and demand in the world’s top crude consumer amid abundant global supplies. […]
Sameer Hinduja, an Indian-American cyberbullying expert has received a grant of $188,000 from Facebook to study cyberbullying and dating violence among teenagers in US. The overarching goal of this study is to illuminate the nationwide […]
During January-July 2015, Indian companies raised Rs 17,124 crore (US$ 2.54 billion) through Qualified Institutional Placement (QIP) route for the purpose of business expansion, debt refinancing and working capital requirements. Qualified institutional placement (QIP) is […]
A mobile app launched by Indian American banker Jay Sidhu and his daughter Luvleen can revolutionise the global banking industry into completely phone-app based banking system, a media report said. Jay Sidhu, chairman and CEO of […]
An Indian-American woman has made it to the list of the top 30 female Business leaders in Austin Business Journal’s “2015 Profiles in Power & Women of Influence”, a media report said. Rina Patel, area president for Wells Fargo in Austin, was recognised […]
U.S. President Barack Obama will award Indian-American Pulitzer Prize winning author Jhumpa Lahiri, the 2014 National Humanities Medal, which honors those who have widened the public’s engagement with literature and “deepened the nation’s understanding of […]
MUMBAI (TIP): As Governor Raghuram Rajan, known for his hawkish approach to inflation, completes tumultuous two years at RBI on Friday, calls for rate cuts have become shriller with the finance ministry raising alarm bells […]
SINGAPORE (TIP): Oil prices edged lower in cautious Asian trade on September 4 as investors await the release of a US jobs report for August that could determine the Federal Reserve’s timetable for hiking interest […]
WASHINGTON (TIP): German carmakers BMW , Audi and Mercedes have won US antitrust approval to buy Nokia’s maps business for around 2.5 billion euros ($2.8 billion), the Federal Trade Commission said. The deal, which was […]
MUMBAI (TIP): India’s third-largest drug maker Cipla is buying the American business of Hyderabad-based Hetero Drugs as it seeks to expand its fledgling presence in the world’s biggest pharma market. People close to the transaction […]
MUMBAI (TIP): India is finally ready with an indigenous model to predict long range and seasonal rainfall. In the next six months, the Indian Institute of Tropical Meteorology (IITM), Pune, will be able to operationalise […]
LONG BEACH, NY (TIP): Nassau County Executive Edward P. Mangano announced, September 3, that the 2015 Long Beach International Film Festival (LBIFF) will be celebrating its 4th Anniversary with a new line up of exciting […]
skyTran, cofounded by Indian engineer Ankur Bhatnagar, a path-breaking transportation company headquartered in California, has received financial investment from Google chairman Eric Schmidt. Bhatnagar, a BTech engineer from IIT-Roorkee and an MTech from IIT-Kanpur is the sole Indian […]
HONG KONG (TIP): The commodities giant BHP Billiton spent heavily for years, mining iron ore across Australia, digging for copper in Chile, and pumping oil off the coast of Trinidad. The company could be confident […]
The global financial markets are in turmoil because of developments in China. The economic growth of China is slowing down since the last five years and is projected to grow at 6.3 per cent in 2016, […]
There is a statue of a marauding bull on the Wall Street. But, alas, the fella seems to be having a real bad time. Instead of charging and marauding – as evidenced by the sky-rocketing […]
NEW DELHI (TIP): The government may sell 10 per cent stake in Coal India this fiscal itself through a public offer, which could fetch around Rs 22,000 crore to the exchequer. The department of disinvestment […]
Birla Corp. Ltd on Monday said it had agreed to acquire two cement assets from the local arm of Lafarge SA with a combined production capacity of around 5.15 million tonnes (mt) for a total […]
Abu Dhabi/Dubai: The United Arab Emirates (UAE) has agreed to increase its investment in India to Rs 5 lakh crore (US$ 75 billion). India and UAE have also signed a strategic partnership in the energy sector […]
Australia’s FAL Food and Beverages, which makes the Coco Joy, Juiced Up and Aqua Hero beverages, on Monday said it would set up its first Indian factory within three years, which will serve several countries. […]
Reliance Jio is set to launch 4G-enabled handsets in the second week of September, ahead of the formal launch of its 4G services. The handsets, priced between Rs 5,000 and Rs 25,000, will see a […]
BEIJING/NEW DELHI (TIP): China set the reference rate for its currency more than one percent lower against the US dollar on August 13, the operator of the national foreign exchange market said, its third consecutive […]
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