Home » Business You are browsing entries filed in “Business”

Japan’s SoftBank Making Bigger And Bolder Bets To Grab More Of India’s Internet

Japan’s SoftBank Making Bigger And Bolder Bets To Grab More Of India’s Internet

NEW DELHI – Japan’s telecom and internet conglomerate SoftBank is reportedly in talks with India’s largest wallet company Paytm to invest $1 billion to $1.5 billion. This comes right after reports surfaced that it will make a large investment in Flipkart, the country’s largest e-commerce company, during the Flipkart-Snapdeal merger.
For global investors this might not [...]

April 24th, 2017 | Posted in Business | Read More »

39GwAQ7PeH7fJTFa4DXguurfn7GULq2pT

39GwAQ7PeH7fJTFa4DXguurfn7GULq2pT

NEW DELHI – South Korean consumer electronics giant LG is looking at making India its export hub, banking on good ties between the two countries at a time when its overseas shipments from China are declining.
According to LG Electronics India Managing Director Ki Wan Kim, one of the main reasons for the company to look [...]

April 24th, 2017 | Posted in Business | Read More »

Trump’s H-1B Visa Changes To Hit Indian IT Sector Hard

Trump’s H-1B Visa Changes To Hit Indian IT Sector Hard

WASHINGTON – In a blow to Indian IT industry and professionals, US President Donald Trump has signed an executive order for tightening the rules of the H-1B visa programme to stop its “abuse” and ensure that the visas are given to the “most-skilled or highest paid” petitioners.
Acting on his ‘Buy American, Hire American’ pledge, Trump [...]

April 24th, 2017 | Posted in Business | Read More »

Japan’s SoftBank Making Bigger And Bolder Bets To Grab More Of India’s Internet

Japan’s SoftBank Making Bigger And Bolder Bets To Grab More Of India’s Internet

NEW DELHI – Japan’s telecom and internet conglomerate SoftBank is reportedly in talks with India’s largest wallet company Paytm to invest $1 billion to $1.5 billion. This comes right after reports surfaced that it will make a large investment in Flipkart, the country’s largest e-commerce company, during the Flipkart-Snapdeal merger.
For global investors this might not [...]

April 22nd, 2017 | Posted in Business | Read More »

LG Plans To Make India Export Hub

LG Plans To Make India Export Hub

NEW DELHI – South Korean consumer electronics giant LG is looking at making India its export hub, banking on good ties between the two countries at a time when its overseas shipments from China are declining.
According to LG Electronics India Managing Director Ki Wan Kim, one of the main reasons for the company to look [...]

April 22nd, 2017 | Posted in Business | Read More »

Trump’s H-1B Visa Changes To Hit Indian IT Sector Hard

Trump’s H-1B Visa Changes To Hit Indian IT Sector Hard

WASHINGTON – In a blow to Indian IT industry and professionals, US President Donald Trump has signed an executive order for tightening the rules of the H-1B visa programme to stop its “abuse” and ensure that the visas are given to the “most-skilled or highest paid” petitioners.
Acting on his ‘Buy American, Hire American’ pledge, Trump [...]

April 22nd, 2017 | Posted in Business | Read More »

Tesla Becomes Most Valuable US Car Maker, Edges Out General Motors

Tesla Becomes Most Valuable US Car Maker, Edges Out General Motors

SAN FRANCISCO – For the first time in the era of the modern automobile, the most valuable US car maker is not based in Detroit.
Silicon Valley’s Tesla Inc overtook General Motors on Monday to become the US car maker with the largest market capitalisation as the century-old automobile industry increases its reliance on software and [...]

April 15th, 2017 | Posted in Business | Read More »

Passenger Vehicles Sales In India Cross 3 Million For The First Time

Passenger Vehicles Sales In India Cross 3 Million For The First Time

NEW DELHI – Passenger vehicle sales in India crossed the three million milestone for the first time in 2016-17.
For the fiscal ended March 2017, domestic passenger vehicles (PV) sales were at 30,46,727 units as against 27,89,208 in the previous year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
On the sales performance, [...]

April 15th, 2017 | Posted in Business | Read More »

India Among Fastest Growing Advertiser Base For Facebook

India Among Fastest Growing Advertiser Base For Facebook

NEW DELHI – Social networking giant Facebook on Monday said the number of advertisers on its platform has crossed the five million-mark with India featuring among the fastest growing markets.
“More than 5 million businesses all over the world actively advertise on Facebook and the top three verticals are e-commerce, entertainment and media, and retail,” it said [...]

April 15th, 2017 | Posted in Business | Read More »

Uber Pulls Out Of Denmark Citing Toughening Cab Standards

Uber Pulls Out Of Denmark Citing Toughening Cab Standards

DENMARK – The Danish branch of the ride-sharing service Uber is shutting down its activities in Denmark over a law proposal that toughens standards for cabs.
Uber’s spokesman in Denmark, Kristian Agerbo, said Tuesday “we must take the consequence,” adding the proposal, demanding cabs and cars for hire must have seat occupancy sensors and meters was [...]

April 1st, 2017 | Posted in Business | Read More »