Asia

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Weak Rupee, no-confidence vote help IT stocks soar

Sensex sees a rise as Rupee weakens after a no-confidence vote and a drop in the value of the Yuan. IT stocks are the biggest earners from the weakening value of India's currency.

Jul 20, 2018

Cargo containers are seen stacked outside the container terminal of Jawaharlal Nehru Port Trust

New report finds digitisation could open up a market worth $39 billion for India

A report by Google-KPMG found that digitisation could unlock export opportunities worth $39 billion for Indian businesses in travel, media and entertainment and real estate, amongst others by 2022.

Jul 19, 2018

bombay stock exchange, bse, sensex, nifty, stock markets, sensex gainers, sensex losers, buzzing stocks

Sensex continues to trade flat ahead of no-confidence motion against Modi government

The parliament will debate a no-confidence motion tabled by opposition parties against the Prime Minister Narendra Modi's government on Friday.

Jul 19, 2018

Amazon close to edging out Apple as most valuable American company

E-commerce giant Amazon's market cap touched $900 billion following the success of its Prime Day sale. Headed by Jeff-Bezos, the company now looks at dislodging Apple as the most valuable company in the USA.

Jul 19, 2018

Director General of the World Trade Organization Roberto Azevedo

The WTO is under threat, will they step up?

A new report by the Bertelsmann Foundation says that the credibility of the WTO is under threat, and the organisation could face closure if more countries vacate its Appellate body.

Jul 18, 2018

startup, indian startups, indian start-ups, startups in india, nasscom, indian it, it layoff, it hiring

AI boom in India leads to drop in hiring at software firms

Nasscom predicts a fall in hiring, especially of laterals in the software industry this year as automation continues to grow into a staple of sorts at larger firms. Campus recruitments are expected to remain flat due to the increase in the number of SMEs and start-ups.

Jul 18, 2018

A road sign is seen next to Bombay Stock Exchange (BSE) building in Mumbai

Q1 profits of Federal Bank up by 25 percent, beat estimates

Federal Bank announced a 25 percent year on year growth and a jump in the Net Interest Income by 22 percent in Q1 of FY18. Stocks of the bank increased 13 percent after the announcement.

Jul 18, 2018

crude oil prices, opec, us oil reserve, donald trump and crude oil, donald trump, saudi arabia

Oil prices fall after surprise rise in U.S. inventories

Oil prices dropped on Wednesday after an industry group reported that U.S. crude inventories rose last week, defying analyst expectations for a significant reduction.

Jul 18, 2018

Oil climbs from three-month low as more oil workers strike in Norway

Brent crude prices rose from a three-month low on Tuesday after more oil workers went on strike in Norway, supporting a market that has been dominated by oversupply issues in recent days.

Jul 17, 2018

President Donald Trump signs executive order withdrawing US from TPP trade deal

Trade war could hurt these economies far more than US, China

While the trade war with China is a worrisome move for investors globally, Trump's tariffs on goods from the European Union, India, Canada and Mexico are also likely to severely affect global trade.

Jul 5, 2018

Walmart withdraws 'Impeach 45' apparel; Trump supporters upset

Walmart is facing the ire of conservatives and Trump supporters for selling "Impeach 45" apparel on its website. The retailer has taken back the collection after the #BoycottWalmart campaign run online.

Jul 4, 2018

EU in agreement with Amazon, eBay to tackle dangerous product listings

The European Commission has signed an agreement with four major online retailers to combat the listing of dangerous products on Europe's online shopping sites.

Jun 26, 2018

Jewellery shop robbery in Borivli, Mumbai

Weaker global gold prices lure buyers in most Asian hubs

Spot gold touched its lowest since December 19 at $1,260.84 an ounce on Thursday, weighed down by outlook for higher interest rates in the United States and as the dollar climbed to an 11-month peak.

Jun 24, 2018

3 reasons why blockchain is the future of supply chain and manufacturing

"It's not the organisations that are competing. It's the supply chains that are competing," says Wael Safwat of Supply Chain Management Association (SCMAO).

Jun 22, 2018

As countermeasure, India hikes import duty on 29 US products

A Finance Ministry notification said the duty hike would come into effect immediately for 28 products, while for the marine product artemia the increased duty would be effective from August 4.

Jun 21, 2018

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