Economy News

Neemuchwala's turnaround strategy for Wipro stands on aggressive mergers and acquisitions

Bengaluru-based Wipro expects revenue from its key IT services business for the quarter ending September to be in the range of $2.01 billion to $2.05 billion.

Jul 23, 2018

Domestic spending to get a boost after GST rate cuts

The recommendation to cut goods and services tax on more than 50 goods could not have come at a better time when the festive season is about to kick off.

Jul 23, 2018

Dubai hits rough patch as markets slump; economic slowdown on the cards?

Dubai is going through a rough patch as residential property prices have dropped by more than 15 percent since late 2014 and are still falling. The stock market is down 13 percent this year, the worst performance in the region.

Jul 22, 2018

US oil giants to lobby against tighter Russia sanctions

Oil companies such as Exxon Mobil have been vocal about their stance against Russia sanctions. Opponents claim sanctions unfairly penalise U.S. companies.

Jul 21, 2018

Vedanta says shut down of Tuticorin copper smelter could result in $100 million of losses

The company, which has been marred in controversy following the violence during the Sterlite protests in Tuticorin, has sought a permanent injunction against the state government from interfering with the operations of its copper smelter.

Jul 20, 2018

Microsoft shares have risen 180 percent since Satya Nadella took over as chief executive

Much of Microsoft's recent growth has been fueled by its cloud computing business, which has benefited from companies rushing to shift their workloads to the cloud to cut data storage and software costs.

Jul 20, 2018

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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

North Korean economy falls lowest in 20 years as sanctions hit hard

Estimates by the Bank of Korea say that North Korea's GDP fell by 3.5 percent in 2017, its largest drop since 1997. With denuclearization talks in full swing, Kim Jong Un is attempting to revive his country's economy at the earliest.

Jul 20, 2018

China's offer to build economic corridor in Myanmar reaches final stage

The two government seems to be interested on project by but a there is a number issues that may block its progress.

Jul 19, 2018

Apple bigwigs Tom Gruber and Vipul Ved Prakash call it quits amid Siri reshuffle

Apple has confirmed both the departures. Tom Gruber, one of the original co-founders of Siri, will be pursuing personal interests in photography and ocean conservation, the company said.

Jul 19, 2018

SoftBank CEO Masayoshi Son calls Japan 'a stupid country' for prohibiting ride sharing

The Japanese government outlaws non-professional drivers from transporting paying customers on safety grounds and the country has a vocal taxi industry lobby that has opposed deregulation.

Jul 19, 2018

New hurdle for Vodafone-Idea merger as telecom department rejects request

The Vodafone-Idea deal is already running late as the companies had agreed upon a deadline for the end of June.

Jul 18, 2018

Indian Railways set to get its first dedicated freight corridor on Independence Day

Although the dedicated freight corridor received an in-principle approval from the Cabinet way back in 2006, the project has been delayed multiple times.

Jul 17, 2018

IBT BizTalk: IBTimes India Executive Editor Danish Manzoor (right) in talk with Almora founder Evan Luthra (left)

Meet Evan Luthra, the young entrepreneur set out to change the world with blockchain [VIDEO]

In our latest BizTalk, International Business Times, India's Executive Editor, Danish Manzoor interacts with Evan Luthra, a young serial entrepreneur, innovator and angel investor, about blockchain and investments. Watch the full interview here.

Jul 17, 2018

Government to rescue public sector banks; might infuse Rs 8,000 crore

In January 2018, the government had announced a capital infusion of Rs. 88,000 crore to 20 public sector banks in the current financial year.

Jul 17, 2018

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Economy News

Neemuchwala's turnaround strategy for Wipro stands on aggressive mergers and acquisitions

Domestic spending to get a boost after GST rate cuts

Dubai hits rough patch as markets slump; economic slowdown on the cards?

US oil giants to lobby against tighter Russia sanctions

Vedanta says shut down of Tuticorin copper smelter could result in $100 million of losses

Microsoft shares have risen 180 percent since Satya Nadella took over as chief executive

Weak Rupee, no-confidence vote help IT stocks soar

North Korean economy falls lowest in 20 years as sanctions hit hard

China's offer to build economic corridor in Myanmar reaches final stage

Apple bigwigs Tom Gruber and Vipul Ved Prakash call it quits amid Siri reshuffle

SoftBank CEO Masayoshi Son calls Japan 'a stupid country' for prohibiting ride sharing

New hurdle for Vodafone-Idea merger as telecom department rejects request

Indian Railways set to get its first dedicated freight corridor on Independence Day

Meet Evan Luthra, the young entrepreneur set out to change the world with blockchain [VIDEO]

Government to rescue public sector banks; might infuse Rs 8,000 crore

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react