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A Tough Road Ahead For India’s Plummeting Rupee: Report

A Tough Road Ahead For India’s Plummeting Rupee: Report

The rupee hit 74 on the dollar on Wednesday after television channels reported RBI governor Urjit Patel may resign due to the spat with the government. NEW DELHI – There will be little respite for the bruised Indian rupee over the coming year, depressed by an escalating US-China trade war and rising domestic political risks […]

November 10th, 2018 | Posted in Business | Read More »

India Can Buy Oil From Iran As US Agrees To Waiver

India Can Buy Oil From Iran As US Agrees To Waiver

The US has agreed to let eight countries, including its strategic allies India, Japan and South Korea, to keep buying Iranian oil after it reimposes sanctions next week NEW DELHI – India is set to continue oil imports from Iran with the US agreeing on waivers for eight countries regarding sanctions set to kick in […]

November 10th, 2018 | Posted in Business | Read More »

High Prices Take Sheen Off Gold Sales On Dhanteras

High Prices Take Sheen Off Gold Sales On Dhanteras

NEW DELHI – Gold and jewellery sales in the morning trade remained subdued this Dhanteras on Monday owing to sluggish demand from consumers amid high prices, according to industry players. However, organised players like PC Jewellers are expecting better sales later during the day as quality and better designs at competitive prices are likely to […]

November 10th, 2018 | Posted in Business | Read More »

Writer-Director R. Paul Dhillon’s Feature The Fusion Generation Will Make It’s World Premiere At International Film Festival Of South Asia Vancouver

Writer-Director R. Paul Dhillon’s Feature The Fusion Generation Will Make It’s World Premiere At International Film Festival Of South Asia Vancouver

INVITE ONLY: Get Invited For North America’s Largest South Asian Film Festival IFFSA Vancouver 2018 From Nov 8-11 – Just Go To Their Webiste And Register For Passes! “I’m extremely happy and feel blessed that my film will make it’s premiere in my hometown of Vancouver (Surrey) as it is a labour of love for […]

November 6th, 2018 | Posted in Bollywood, Breaking News, Business, Entertainment, Link News, Link VIP'S, Movie Reviews, News, Punjab Link, South Asian, Top News | Read More »

World’s Richest Man Jeff Bezos Loses $19.2 Billion Over Two Days As Global Selloff Continues

World’s Richest Man Jeff Bezos Loses $19.2 Billion Over Two Days As Global Selloff Continues

The Amazon.com Inc. founder lost $19.2 billion over the past two trading days amid a global market selloff fuelled by fears of further trade tensions. NEW YORK – Jeff Bezos is still the world’s richest person, but he’s a lot closer to No. 2 Bill Gates than just a few months ago.   The Amazon.com […]

November 3rd, 2018 | Posted in Business | Read More »

Robots To Make Robots At $150 Million Factory In China

Robots To Make Robots At $150 Million Factory In China

China is expanding its robot workforce, as wages for human workers there rise and the country seeks to compete with lower-cost countries via greater automation. In 2017, one of every three robots sold in the world went to China, which purchased nearly 138,000 units, ABB said. BEIJING – Robots will make robots at a new […]

November 3rd, 2018 | Posted in Business | Read More »

IBM To Acquire Software Company Red Hat For $34 Billion

IBM To Acquire Software Company Red Hat For $34 Billion

The acquisition underscores the company’s efforts to expand subscription-based software offerings, as it faces slowing software sales and waning demand for mainframe servers. NEW YORK – IBM Corp said on Sunday it had agreed to acquire US software company Red Hat Inc for $34 billion, including debt, as it seeks to diversify its technology hardware […]

November 3rd, 2018 | Posted in Business | Read More »

Kraft Heinz To Sell Part Of India Business For About $630 Million

Kraft Heinz To Sell Part Of India Business For About $630 Million

The Kraft Heinz assets that had a network of over 800 distributors in 29 states reported revenue of about Rs 11.50 billion for the 12 months ending June, Zydus noted, adding that the deal will push Zydus’ annual revenue to Rs 17 billion. MUMBAI – Kraft Heinz Co will sell part of its Indian business, […]

October 27th, 2018 | Posted in Business | Read More »

Number Of Crorepatis In India Has Risen By 60%, Says Tax Body

Number Of Crorepatis In India Has Risen By 60%, Says Tax Body

CBDT Chairman Sushil Chandra said these numbers were a result of putting in a number of legislative, informative and enforcement efforts by the tax department over the last four years. NEW DELHI – The number of taxpayers earning above Rs 1 crore per annum has risen to over 1.40 lakh in the country in the […]

October 27th, 2018 | Posted in Business | Read More »

BMW Recalls Over 1 Million Cars Over Exhaust System Fire Risk

BMW Recalls Over 1 Million Cars Over Exhaust System Fire Risk

BMW said it was contacting sellers who would in turn get in touch with owners of the affected vehicles to arrange a checkup. LONDON – German high-end carmaker BMW said Tuesday it would recall more than one million additional diesel cars, citing a problem with the exhaust system that “in extreme cases can cause a […]

October 27th, 2018 | Posted in Business | Read More »