Asia

Slow market paralyses Audi sales, firm plans to halt future investments in India

The slow pace of the local market is expected to affect Audi's annual sales to see a dip in 2019. The recent inauguration of a sales outlet would help boost the demand for the luxury car among the Indian public.

Aug 7, 2019

India's auto crisis deepens, tens of thousands losing jobs

Initial estimates suggest that automakers, parts manufacturers and dealers have laid off about 350,000 workers since April.

Aug 7, 2019

Flipkart Videos to be Walmart's new wishlist; Amazon Prime to face stiff competition?

In a view to compete Amazon and a yet-to-be-launched e-commerce website of Reliance industries, Flipkart will also provide focused product suggestions to customers based on their requirements.

Aug 6, 2019

Hong Kong trouble, looming financial crisis sink world's biggest banks in China

'Big four' state-owned lenders that are also world's largest tumble to record low valuations amid concern that Beijing will direct them to bail out smaller banks as economic ills from US-China trade wars grow

Aug 5, 2019

Reliance Jio, Airtel in race for Anil Ambani's RCom assets

The Anil Ambani-led telecom company has been struggling with the long-standing debt of about Rs 46,000 crore.

Aug 5, 2019

DLF pares GIC debt by Rs 3,100 crore; plans to clear all dues by 2nd quarter

DLF has transferred the Mall of India project in Noida to DCCDL to significantly reduce the debt pile.

Aug 5, 2019

cars, car sales, domestic car sales, gst on cars, auto industry, traffic

Auto industry may further cut production

The slowdown, which is a culmination of high GST tax rates, farm distress, stagnant wages and liquidity constraints, has led to the month-on-month sales de-growth.

Aug 4, 2019

Taxation amid slowing economy is killing market's 'animal spirit': D Subbarao

Of late the financial markets have borne the brunt of multiple taxes amid an acute slowdown, which has almost killed the investors' risk-taking appetite.

Aug 4, 2019

Xander to buy Pune office park for $130 mn, add 1.1 mn square feet to its assets

The Weikfield IT Citi Info Park in Pune's Viman Nagar is a commercial space leased to companies such as Maersk, WNS, Whirlpool, PTC, Nihilent, Tavisca and many more.

Aug 1, 2019

Amazon plans to buy 26% stake in Mukesh Ambani-led Reliance Retail

Amazon and Flipkart have seen a steady increase in their revenue even after drastic changes in the FDI policy.

Aug 1, 2019

You will not get Budweiser in Delhi anymore; here's why

The investigation put forward observations where the company was found guilty of using duplicate barcodes on the bottles allowing the company to pay lower levies.

Jul 31, 2019

India to focus on buildings of the future: Building Innovation Guide

India is poised to become the world's fifth-largest economy, with the buildings sector representing over 30 percent of the nation's energy consumption.

Jul 30, 2019

JLL India sees 17% revenue growth, plans to hire 2,000 more this year

JLL has annual revenue of about $16.3 billion from over 80 countries and has a workforce of about 91,000 employees.

Jul 29, 2019

Blackstone fires up Kishore Biyani's Future Group with Rs 1,700 crore capital infusion

As a part of the investment, Blackstone, L Catterton, Premji Invest, L&T Mutual Fund and LIC will be picking up about seven percent shares in Future Group.

Jul 26, 2019

Anil Ambani's Reliance Naval on verge of bankruptcy; owes Rs 9,399 crore to creditors

Reliance Naval, earlier known as Pipavav Defence & Offshore Engineering, is facing financial crisis under the leadership of the SKIL Group.

Jul 25, 2019

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