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FM Sitharaman pitches special plan for firms fleeing China

Is India the new China? Sitharaman eyes blueprint for firms fleeing trade war

Finance Minister Sitharaman says a 'blueprint' to attract investment deserting China over trade tensions with the US will have importance beyond the current crisis. Oct 20, 2019
Huawei

Huawei in early talks with US firms to license 5G platform: Huawei executive

Vincent Pang, senior vice president and board director at the company said some firms had expressed interest in both a long-term deal or a one-off transfer. Oct 20, 2019
Johnson and Johnsona

FDA finds traces of Asbestos: Johnson & Johnson recalls 33,000 bottles of Baby Powder

J&J is voluntarily recalling the lot, #22318RB, which consists of 33,000 bottles and has urged the customers who bought the product not to use them. Oct 19, 2019
DHFL

ED raids premises of DHFL promoters in money laundering case

Mirchi died in 2013. The ED had on October 11 arrested two of his associates -- Haroon Yusuf and Ranjit Singh Bindra -- for felicitating a land deal worth Rs 200 crore. Oct 19, 2019
Malvinder Shivinder feud

How the Singh brothers stripped Religare bare of Rs 3,000 crore

Former Foris Health Care promoters, Malvinder Mohan Singh and Shivinder Mohan Singh, who were arrested for misappropriating funds of Religare Finvest, sought for interim bail as they want to settle the case with the complainant. Oct 19, 2019
Ola Cabs

Amid sluggish growth in core business, Ola introduces self-drive car rentals in Bengaluru

Ola's entry into the self-driving business with its deep pocket may disrupt the market which is largely dominated by three players including Zoomcar, Drivezy, and Revv. Oct 18, 2019
The Air India plane flying the inaugural trip from Lucknow,

Government agrees to repay half of Air India's debt to attract buyers

The Centre may go for the complete exit from Air India along with cutting down working capital and allowing future owners to fire employees a year after divestment. Oct 18, 2019
UK and EU strike Brexit deal

How will the Brexit deal affect large Indian corporate investors in the UK?

Tata Group is happy that the Brexit deal removes some uncertainty while many others are yet to decide and remain tight-lipped as they assess the situation Oct 18, 2019
Reliance

Reliance Industries becomes first Indian firm to hit Rs 9 lakh cr market cap ahead of Q2 results

The surge in market capitalisation and share prices comes ahead of the company's second-quarter results to be announced later in the day. Oct 18, 2019
Indian billionaire Gautam Adani

Adani Group, 3 multinational firms plan $4 billion petrochemical complex in Gujarat

The collaboration includes evaluating a joint world-scale propane dehydrogenation (PDH) plant to produce propylene-based on propane feedstock to be supplied by Adnoc. Oct 18, 2019
Air India Airbus A320 passenger aircraft.

Air India divestment: Permission to retrench staff may clinch deal in second bid

The Modi government may get second time lucky with the offer made sweeter with 100% stake sale and permission to retrench staff under voluntary retirement scheme norms Oct 17, 2019
HDFC Bank

Social media scare prompts HDFC Bank to clarify on deposit insurance programme

Photograph of a passbook page affirming that deposits are insured for up to Rs 1 lakh as per a 2017 RBI circular circulated on social media causing panic amid continuing stress in India's banking sector. Oct 17, 2019
uber ola cabs surge pricing licence karnataka taxi hailing aggregators, uber drivers, ola drivers, uber driver strike

Uber sacks 350 employees globally, less than 10% based in India

As the company faces stiff competition from home-grown ride-hailing service Ola, it is injecting huge investment, making cost-cutting a target. Oct 17, 2019
Amazon

Amazon's consumer business fully sheds Oracle, moves on AWS

AWS CEO Andy Jassy in November said that Amazon will take off all its workloads from Oracle databases by the end of 2019 and put those on its own database offerings. Oct 17, 2019
Nirmala Sitharaman CPSU

Can India defy US pressure and continue trade ties with Venezuela, Russia?

Finance Minister Sitharaman says India cannot sacrifice 'economic strength' and strategic interests to comply with US sanctions. Oct 16, 2019
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