Asia

Shapoorji Pallonji to sell assets to clear off Rs 4000 Cr debt

The 154-year old group witnessed a massive downgrade of its flagship firm Shapoorji Pallonji & Co. due to the slowdown in the core sector.

Aug 24, 2019

Parle row: No job losses yet, company senior category head Mayank Shah clarifies

Mayank Shah stated that job cuts are only an eventuality that Parle may look at if the current economic slowdown continues.

Aug 23, 2019

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Nifty, Sensex rebound after report of likely FPI tax rollback

Indian shares rebounded from a sharp fall on Friday, following a media report that the government could soon announce a rollback of higher taxes for foreign portfolio investors (FPIs).

Aug 23, 2019

Report of massive financial fraud drags CG Power; MCA launches probe

The shares of the company fell 20 percent on Tuesday following news about the financial fraud.

Aug 21, 2019

India's largest cookie-maker Parle may cut up to 10,000 jobs amid economic slowdown

A sharp drop in Parle's biscuit sales means the company may have to slash production, which may result in layoffs of 8,000-10,000 people.

Aug 21, 2019

Vodafone Idea names Ravinder Takkar as CEO after Balesh Sharma steps down

Sharma waTakkar has been a part of Vodafone Group since 1994 and was the CEO of Vodafone Romania for three years.

Aug 20, 2019

Can India top Vietnam in mobile phone exports to US as China trade war worsens?

NITI Aayog panel will firm up a strategy to lure Vietnam-bound mobile phone makers leaving China fearing US sanctions into setting up factories in India

Aug 20, 2019

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Recession fears highest in eight years, BoA-Merrill Lynch survey reveals

Half of as many as 171 managers with $455 billion of assets under management argued that corporates are over-leveraged.

Aug 19, 2019

Amazon, Flipkart gear up for festive season, steepest discount of 2019 expected

Consumers can expect some of the biggest discounts during this year's festive season sale amid e-commerce offering deep discounts.

Aug 19, 2019

Tesla shows interest in building large e-battery plants in India

If India slashes crude consumption it can save precious foreign exchange, besides controlling pollution in major cities.

Aug 19, 2019

Mahindra cuts 1,500 jobs, warns of more pain as auto crisis worsens

More job losses are expected to take place at automotive suppliers and dealers than at original equipment manufacturers.

Aug 19, 2019

Is India in the midst of an economic slowdown? Can it get worse?

Rapidly falling auto sales through successive months provide the most telling indication of the economy's slide as most sectors shed growth momentum; government mulls stimulus package for growth

Aug 14, 2019