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Top Indian Corporate Honchos Put Their Money In Super Fight League

Top Indian Corporate Honchos Put Their Money In Super Fight League

MUMBAI – Super Fight League (SFL), India’s first mixed martial arts (MMA) league, has roped in top corporate honchos as team owners for its upcoming season, slated to launch on January 20.
The eight teams and their owners are: Aditya Munjal of Hero Cycles (Delhi Heroes), Amit Burman of Dabur (Mumbai Maniacs), Keshav Bansal of Intex [...]

January 14th, 2017 | Posted in Business | Read More »

Mercedes Continues As India’s Top Luxury Car Brand, Despite Fall In Sales

Mercedes Continues As India’s Top Luxury Car Brand, Despite Fall In Sales

NEW DELHI – In spite of a marginal fall in sales due to ban on diesel vehicles for most of the year and demonetisation, world’s largest luxury carmaker Mercedes could retain its foothold in domestic market for the second year in a row by selling over 13,000 units in 2016.
For the Pune-based Mercedes-Benz India, this [...]

January 14th, 2017 | Posted in Business | Read More »

Apple’s Revolutionary iPhone Completes 10 Years

Apple’s Revolutionary iPhone Completes 10 Years

NEW YORK – That the iPhone changed the smartphones market is a no-brainer but it had even more far reaching impacts since the first variant launch ten years back.
According to Ian Fogg, director at market research firm IHS, Apple creates so good products that it always competes with its previously launched products. “They [...]

January 14th, 2017 | Posted in Business | Read More »

Tech Titans Sikka, Premji Warn Tough Road Ahead For IT Sector

Tech Titans Sikka, Premji Warn Tough Road Ahead For IT Sector

NEW DELHI – Vishal Sikka, chief executive of India’s second largest software services exporter Infosys has cautioned the company’s 200,000-odd employees of the challenging time ahead for the $10 billion company. Joining him in this is Azim Premji, chairman of the third largest software services exporter Wipro who also penned a 2017 opening letter to [...]

January 7th, 2017 | Posted in Business | Read More »

Note Ban Hits India’s Manufacturing While China Records Fastest Growth In 4 Years

Note Ban Hits India’s Manufacturing While China Records Fastest Growth In 4 Years

MUMBIA – At a time when demonetisation has hurt the manufacturing sector in India, China has reported the fastest growth in the sector, in four years.
Hit hard by the demonetisation move, manufacturing sector contracted in December as new work orders and output took a knock for the first time in 2016, a monthly survey by [...]

January 7th, 2017 | Posted in Business | Read More »

Deutsche Bank To Pay $7.2 Billion To Settle US Subprime Case

Deutsche Bank To Pay $7.2 Billion To Settle US Subprime Case

NEW YORK -  Deutsche Bank has agreed to a $7.2 billion settlement with the US department of justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis.
The agreement in principle, announced by Deutsche Bank’s Frankfurt headquarters early Friday morning, offers some relief to the German lender, whose [...]

January 7th, 2017 | Posted in Business | Read More »

India Lobbied Moody’s For A Ratings Upgrade, But Failed

India Lobbied Moody’s For A Ratings Upgrade, But Failed

NEW YORK – India criticised Moody’s ratings methods and pushed aggressively for an upgrade, documents reviewed by Reuters show, but the U.S.-based agency declined to budge citing concerns over the country’s debt levels and fragile banks.
Winning a better credit rating on India’s sovereign debt would have been a much-needed endorsement of Prime Minister Narendra Modi’s [...]

December 31st, 2016 | Posted in Business | Read More »

What To Do With Unwanted Gift Cards?

What To Do With Unwanted Gift Cards?

VANCOUVER  – Gift cards are a popular present at the holidays — the National Retail Federation says more than half of consumers plan to give one this year.
But they aren’t always wanted — research organization CEB TowerGroup estimates that $1 billion of the $130 billion spent on gift cards last year went unused, reported Associated [...]

December 31st, 2016 | Posted in Business | Read More »

Coca-Cola Shakes Up Its India Top Deck Amid Sluggish Sales

Coca-Cola Shakes Up Its India Top Deck Amid Sluggish Sales

NEW DELHI – A significant senior level realignment is underway at Coca-Cola’s India operations even as the US beverages giant struggles to grow its sales in this critical market.
The company has relocated heads of its bottling and franchisee operations to roles outside India while there is also speculation of significant changes at bottling arm Hindustan [...]

December 31st, 2016 | Posted in Business | Read More »

Superstore Adds More Than 1000 New Items To Meet Surrey’s Residents’ Need For Global Flavors

Superstore Adds More Than 1000 New Items To Meet Surrey’s Residents’ Need For Global Flavors

SURREY – On Friday, the newly renovated Real Canadian Superstore® location in Surrey celebrated its grand reopening.
The store located at 7550 King George Boulevard has been revamped to match Canadian consumers’ growing desire for value, fresh food, and global flavours. In addition to the President’s Choice®, no name® and national brand products customers love, they [...]

December 24th, 2016 | Posted in Business, Link News, News, South Asian, Top News | Read More »