Companies

Indian industry seek corporate tax rate cut to 20% in upcoming budget

The Confederation of Indian Industry (CIII) called on Modi to push reforms in the budget so as to boost private investment and domestic consumer demand and achieve 8-10 percent economic growth rates over the next few years.

Jun 4, 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

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

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

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

Jet Airways threatened with bankruptcy proceedings

Exploring options to buy a stake in Jet Airways: Hinduja Group

But it is highly unlikely that cash strapped Jet is going to get immediate relief as the deal between Hinduja Group and Etihad Airways was reportedly going slow.

May 26, 2019

Jet Airways pilots heave sigh of relief as Korean Air comes to town with job offers

Korean Air is looking to hire at least 300 pilots of all ranks to fly their Boeing 777-300s.

May 24, 2019

Ola suspends Foodpanda delivery, fires employees

This is the second failure for Ola in the food delivery business. The company had launched Ola Café in 2015 but closed its operations within a year.

May 22, 2019

inflation, retail inflation, inflation for march 2017, india news, indian economy

Will consumption slowdown impact Indian economy?

A look at the historic performance of the FMCG sector (or consumer staples) reveals that it has been the silent star performer of the Indian equities market.

May 21, 2019

Ford Motor to cut 7,000 white-collar jobs as part of global restructuring

Ford CEO Jim Hackett said in an email to employees that the cuts include both voluntary buyouts and layoffs, and a spokesman added it freezes open positions as well. About 2,300 of the affected people are employed in the US.

May 21, 2019

Ashok Leyland ready to ride on Elon Musk's India dream

Tesla was expected to enter India with the Model 3 that sells for nearly $35,000. In 2015, Prime Minister Narendra Modi had also visited Tesla headquarters at Palo Alto, the US.

May 20, 2019