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

Wealth Of High Net Worth Individuals Fell 3% In 2018: Report

Wealth Of High Net Worth Individuals Fell 3% In 2018: Report

This is the first drop in the last seven years, said the report published by Capgemini on Tuesday. NEW DELHI – The overall wealth of High Net Worth Individuals (HNWI) declined by 3 per cent in 2018, resulting in a worldwide loss of $2 trillion, said the World Wealth Report 2019 (WWR). This is the […]

July 15th, 2019 | Posted in Business | Read More »

Steve Jobs Was Master At ‘Casting Spells’ On Workers: Bill Gates

Steve Jobs Was Master At ‘Casting Spells’ On Workers: Bill Gates

SAN FRANCISCO – The late Steve Jobs who co-founded Apple was a master at “casting spells” to keep employees motivated and working long hours, according to Microsoft’s co-founder Bill Gates. Despite that, said Gates, Jobs was an example of “don’t do this at home” in his style of leadership, reports CNBC. “I was like a […]

July 15th, 2019 | Posted in Business | Read More »

Forensic Audit Detects 38 billion Rupee Fraud, Says Punjab National Bank

Forensic Audit Detects 38 billion Rupee Fraud, Says Punjab National Bank

PNB has been defrauded of over $2 billion in a separate scam that came to light last year. MUMBAI – The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 million) in Bhushan Power & Steel Ltd’s account to the Reserve Bank of India (RBI). […]

July 15th, 2019 | Posted in Business | Read More »

Wife Of Amazon Founder Jeff Bezos To Get $38 Billion In World’s Biggest Divorce Settlement

Wife Of Amazon Founder Jeff Bezos To Get $38 Billion In World’s Biggest Divorce Settlement

The settlement is expected to come this week based on a 90-day timeline given in a financial disclosure filed in April. The Amazon CEO will not lose control of the e-commerce giant despite now owning fewer shares. WASHINGTON – MacKenzie Bezos, wife of the globes’ richest man Jeff Bezos for 26 years, is set to […]

July 6th, 2019 | Posted in Business | Read More »

India’s Gold Demand Could Fall To Three-Year Low As Prices Hit Record High

India’s Gold Demand Could Fall To Three-Year Low As Prices Hit Record High

Lower purchases by India, the world’s second biggest consumer after China, could limit a rally in global prices that hit a 6-year high earlier this week. MUMBAI – India’s gold demand could fall 10% in 2019 from a year ago to the lowest level in three years as record high local prices dent retail purchases […]

July 6th, 2019 | Posted in Business | Read More »

RBI Tells Credit Card Companies That India Payment Data Must Only Be Stored On Domestic Servers

RBI Tells Credit Card Companies That India Payment Data Must Only Be Stored On Domestic Servers

The RBI had, on April 6, 2018, asked payment system operators to store data related to payments in India. These regulations were expected to affect companies like Mastercard, American Express, Amazon, Facebook, Microsoft, Visa and PayPal who will be forced to store data locally. MUMBAI – A week after commerce minister Piyush Goyal met representatives […]

July 6th, 2019 | Posted in Business | Read More »

Hong Kong Turmoil May Boost Singapore Business

Hong Kong Turmoil May Boost Singapore Business

The Chinese territory and the Southeast Asian city-state have long vied for the title of Asia’s top financial destination, attracting international business from around the world. SINGAPORE – Hong Kong’s reputation as a stable financial hub has been shaken by a controversial extradition bill that prompted massive protests, and its loss might just be Singapore’s […]

June 29th, 2019 | Posted in Business | Read More »

‘Greatest Mistake Ever’: Bill Gates On Microsoft Losing To Google’s Android Platform

‘Greatest Mistake Ever’: Bill Gates On Microsoft Losing To Google’s Android Platform

Bill Gates says his ‘greatest mistake ever’ was Microsoft’s loss to Google’s Android platform. NEW YORK – Microsoft co-founder Bill Gates says allowing Google’s Android win the mobile space was his “greatest mistake ever.” He also pointed out that Android’s success may have cost Microsoft about $400 billion. Talking to a venture capital firm called […]

June 29th, 2019 | Posted in Business | Read More »

Flipkart Co-Founder Binny Bansal Sells Part Stake To Walmart For Rs 531 Crore

Flipkart Co-Founder Binny Bansal Sells Part Stake To Walmart For Rs 531 Crore

NEW DELHI – Binny Bansal, the co-founder of India’s leading e-tailer Flipkart, sold around 54 lakh of his equity shares valued at $76 million (Rs 531 crore) to retail giant Walmart’s Luxembourg entity FIT Holdings SARL, business intelligence platform Paper.vc said on Monday. “Walmart increased its equity holding in Flipkart by buying 5,39,912 shares of […]

June 29th, 2019 | Posted in Business | Read More »

Trump Slams India’s ‘Unacceptable’ 50% Tariff On Harley Davidson Motorcycles

Trump Slams India’s ‘Unacceptable’ 50% Tariff On Harley Davidson Motorcycles

India slashed customs duty on imported motorcycles such as Harley-Davidson to 50% after Trump called the tariffs “unfair” and threatened to increase duties on imported Indian motorcycles. WASHINGTON – US President Donald Trump has again raked up the issue of India’s import tariff on Harley Davidson motorcycles, saying his “good friend” Prime Minister Narendra Modi […]

June 18th, 2019 | Posted in Business | Read More »