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Indian Digital Classified Industry Expected To Hit $1.2 Billion By 2020

Indian Digital Classified Industry Expected To Hit $1.2 Billion By 2020

NEW DELHI – The digital classifieds industry in the country is projected to expand 3-fold to USD 1.2 billion by 2020, driven by rapid growth of e-services, real estate and automobiles, a Google-KPMG report said this week.
“The ecosystem is ripe for the emergence of digital classifieds. Spurred by the smartphone penetration, online users are expected [...]

September 24th, 2016 | Posted in Business | Read More »

Deutsche Bank To Fight $14 Billion Demand From US Authorities

Deutsche Bank To Fight $14 Billion Demand From US Authorities

LONDON – Deutsche Bank said it would fight a $14 billion demand from the US Department of Justice to settle claims it missold mortgage-backed securities, a shock bill that raises questions about the future of Germany’s largest lender.
The claim against Deutsche, which is likely to trigger several months of talks, far exceeds the bank’s expectations [...]

September 24th, 2016 | Posted in Business | Read More »

Chinese Firm Nubia Set To Enter India With Next-Gen Smartphones

Chinese Firm Nubia Set To Enter India With Next-Gen Smartphones

NEW DELHI – Chinese smartphone maker nubia is set to launch an innovative series of handsets soon in India that will come with a patented Frame interactive Technology (FiT).
A revolutionary smartphone interactive technology, FiT allows users to reimagine the way they control mobile devices, bringing endless interactive freedom, industry sources told IANS on Tuesday.
The smartphones [...]

September 24th, 2016 | Posted in Business | Read More »

Reliance Communications, Aircel To Combine Mobile Business

Reliance Communications, Aircel To Combine Mobile Business

MUMBAI – In what will be the largest consolidation in India’s telecom sector, Anil Ambani-owned Reliance Communications (RCom) and Malaysia’s Maxis Communications Berhad (MCB), promoters of Aircel, have signed definitive agreements for the merger of their wireless businesses in India, creating a company with a net worth of Rs 35,000 crore and assets of Rs [...]

September 17th, 2016 | Posted in Business | Read More »

PayU Acquires Citrus Pay For $130 Million

PayU Acquires Citrus Pay For $130 Million

NEW DELHI – Global online payment service provider PayU has acquired Indian payments technology player, Citrus Pay, for $130 million in an all-cash deal, a joint-statement said here on Wednesday.
The agreement is due to close in the third quarter of 2016. The statement described PayU’s $130 million transaction as the largest ever merger and acquisition [...]

September 17th, 2016 | Posted in Business | Read More »

Ikea’s India Expansion Plans Gaining Momentum

Ikea’s India Expansion Plans Gaining Momentum

NEW DELHI – Swedish furniture major Ikea has said its India expansion plans have gained momentum as it posted a 7.1 per cent increase in global annual sales to EUR 34.2 billion.
The company, which follows September-August calender, said its expansion plans to open first stores in India and Serbia are on track.
Commenting on the result, [...]

September 17th, 2016 | Posted in Business | Read More »

Saudi Arabia, Russia Sign Oil Pact, May Limit Output In Future

Saudi Arabia, Russia Sign Oil Pact, May Limit Output In Future

MOSCOW – Saudi Arabia and Russia agreed on Monday to cooperate in world oil markets, saying they will not act immediately but could limit output in the future, sending prices higher on hopes the two top oil producers would work together to tackle a global glut.
The joint statement was signed by the country’s energy ministers [...]

September 10th, 2016 | Posted in Business | Read More »

India’s Retail Sector To Top $1 Trillion In 5 Years

India’s Retail Sector To Top $1 Trillion In 5 Years

NEW DELHI – Indian retail sector, which is growing at a CAGR of 15 per cent, is expected to reach USD 1 trillion over the next five years, buoyed by the growth of new stores and e-commerce, according to a report.
India’s robust economic growth and rising household incomes are expected to increase consumer spending to [...]

September 10th, 2016 | Posted in Business | Read More »

Setback For India As Ford Shelves Compact Car Project For Emerging Markets

Setback For India As Ford Shelves Compact Car Project For Emerging Markets

NEW DELHI – Ford Motor Co has shelved plans to produce a new compact car family designed mainly for emerging markets like India and China, industry sources said, reflecting disappointing sales of mainstream models in the world’s fastest growing car markets.
India and China were expected to be the main manufacturing hubs for the new B500 [...]

September 10th, 2016 | Posted in Business | Read More »

Canadian Film-TV Star Sitara Hewitt And Bollywood Legend Gulshan Grover To Star In Writer-Director R. Paul Dhillon’s The Fusion Generation

Canadian Film-TV Star Sitara Hewitt And Bollywood Legend Gulshan Grover To Star In Writer-Director R. Paul Dhillon’s The Fusion Generation

The Fusion Generation also features award-winning actress Balinder Johal (Beeba Boys, Heaven On Earth) along with rising star rapper Thugpun as well as Canadian actors BK Rakhra, Nimet Kanji, Dasundha Kaler, Steve Dhillon, Corinna Rennie, Gelsey Wong, Rahul Singh, Nikki Wallins, Dave Dillon, Rashi Grewal, Chris Walters, Raj Toora, Sangeeta Wylie, Robert Leaf, Jagdish Binning [...]

July 18th, 2016 | Posted in Bollywood, Breaking News, Business, Entertainment, International, Lead Story, Link News, Link VIP'S, Movie Reviews, News, Soap Masala, South Asian, Top News | Read More »