Business news

US-China trade war could trigger prolonged global recession this year

Escalating US-China trade wars may trigger prolonged global recession this year

Morgan Stanley warns investors must take into account the threat of a prolonged recession for their investment strategy given the worsening trade war rhetoric between the US and China

Jun 3, 2019

SFIO questions RBI's role in IL&FS crisis, recommends internal probe for 'appropriate action'

Regarded as the 'Lehmann moment of India', the IL&FS started defaulting on re-payment of loans last year and is reeling under a whopping Rs 90,000 crore debt.

Jun 3, 2019

After a week of euphoric hearts, expect cautious heads to return to the market

Indices are expected to trade sideways as the euphoria of Modi 2.0 ebbs and worries of global tensions and domestic slowdown begin to take hold; time ripe for stock specific play.

Jun 2, 2019

Global airlines slash profit forecast 21% on protectionism fears

The International Air Transport Association, which represents about 290 carriers or more than 80% of global air traffic, said the industry is expected to post a $28 billion profit in 2019, down from a December forecast of $35.5 billion.

Jun 2, 2019

US-China trade wars: Markets panic as Beijing's 25% tariff on US imports bites

The US has already raised from 10 percent to 25 percent tariffs on imports from China to the tune of $200 billion.

Jun 1, 2019

Donald Trump to end trade privileges for India on June 5

Donald Trump had announced his intention to remove India from the Generalized System of Preferences (GSP) program in early March.

Jun 1, 2019

GST on new flats: Everything a buyer needs to know about the concessional rates

New constructions priced below Rs 45 lakh and of less than 60 sqm in the metros and 90 sqm in non-metro areas are eligible for a concessional tax rate of 1%.

May 30, 2019

Meet Kishin RK, Singapore's youngest billionaire and realty tycoon

Kishin RK says a businessman needs to have a clear vision about the future. The CEO and founder of RB Capital Group has many things to offer and many milestones to achieve in the coming days.

May 30, 2019

Pakistan currency, Pakistani rupee, pakistan demonetisation

Pakistani rupee free fall continues; tipped to plunge to 200 against US dollar

The IMF had warned Pakistan in 2017 that the currency was overvalued by as much as 20 percent. The country's economy is in the grip of a crisis with a soaring debt and rising inflation.

May 30, 2019

Will Trump's Huawei gambit backfire with a rare earth export ban by China?

China controls more than 90 percent of the world's rare earth market. These elements are indispensable for industries such as defence, electric cars, wind generators, hard-disk drives, mobile communication and missile guidance.

May 30, 2019

US war on Huawei: How careers of regular employees are hit

New York-based Institute of Electrical and Electronics Engineers decides to ban Huawei employees from participating in peer review of research papers.

May 30, 2019

Arbitration court rejected India's plea in case against Japan carmaker Nissan Motor

Singapore court rejects India's plea in case against Nissan

Nissan Motor had sent a legal notice to Tamil Nadu claiming unpaid due worth Rs 5000 crores in 2016.

May 30, 2019

India removed from US currency monitoring list, China stays

India, along with China, Japan, Germany, Switzerland and South Korea, was placed in the bi-annual currency watch list in October last year.

May 29, 2019

MacKenzie Bezos pledges to donate half her $36 billion fortune to charity

MacKenzie's decision follows the movement founded by billionaires Warren Buffett and Bill and Melinda Gates.

May 29, 2019

Alibaba plans to raise $20 billion in a blockbuster Hong Kong listing

Alibaba plans to raise $20 billion in Hong Kong listing

Alibaba is considering to raise as much as $20 billion through a secondary listing in Hong Kong, lining up a second blockbuster deal, following its 2014 $25 billion float in New York.

May 28, 2019