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Why Are Indian And Chinese Shoppers Pushing e-Commerce Growth?

Why Are Indian And Chinese Shoppers Pushing e-Commerce Growth?

With 22.1 transactions per person per year, Asia tops the chart of online buys followed by North America (19%), Europe (18.4%) and Australia (16.1%). Books, music, electronic gadgets, computers and women apparel are among the top five products purchased online, a KPMG report show. NEW DELHI – Global e-commerce is forecast to double to $4.1 […]

May 13th, 2017 | Posted in Business | Read More »

Tesla, Netflix, Walt Disney Potential Takeover Targets For Apple: Citigroup

Tesla, Netflix, Walt Disney Potential Takeover Targets For Apple: Citigroup

With over 90% of its cash sitting overseas, a one-time 10% repatriation tax would give Apple $220 billion for acquisitions or buybacks, Citigroup analyst Jim Suva said in a note to clients. NEW YORK – Citigroup listed seven companies as potential takeover targets for Apple Inc, including Netflix, Walt Disney and Tesla Inc, as a […]

May 13th, 2017 | Posted in Business | Read More »

Infosys Plans To Hire 10,000 American Workers Over Two Years

Infosys Plans To Hire 10,000 American Workers Over Two Years

Infosys and some of its Indian peers such as Tata Consultancy Services and Wipro have become political targets in the United States for allegedly displacing jobs of American workers by flying in foreign workers on temporary visas to service their clients in the country. SAN FRANCISCO – India-based IT services firm Infosys Ltd said it […]

May 6th, 2017 | Posted in Business | Read More »

India’s Economy To Grow 7.1% This Year, 7.5% In 2018, UN Report Says Growth in India is forecast at 7.1% this year as “re-monetisation restores consumption, and infrastructure spending increases”, the report said.

India’s Economy To Grow 7.1% This Year, 7.5% In 2018, UN Report Says  Growth in India is forecast at 7.1% this year as “re-monetisation restores consumption, and infrastructure spending increases”, the report said.

NEW YORK – India is expected to clock 7.1% growth this year before edging up to 7.5% in 2018, according to a UN report, which warned that the country faces heightened risks related to the concentration of bad loans in the public sector banks. The UN Economic and Social Commission for Asia and the Pacific […]

May 6th, 2017 | Posted in Business | Read More »

Illicit Capital Inflows And Outflows In Developing World As High As $3.5 Trillion: Survey

Illicit Capital Inflows And Outflows In Developing World As High As $3.5 Trillion: Survey

Global Financial Integrity says illicit outflows and inflows amounted to 14.1 to 24% of total developing country trade from 2005 to 2014. JOHANNESBURG – Illicit capital flows into and out of developing economies ranged from $2 trillion to $3.5 trillion in 2014, with Africa the region most vulnerable to the flight of capital needed for […]

May 6th, 2017 | Posted in Business | Read More »

Laptops And smartphones Keep Viewers Away From TV: survey

Laptops And smartphones Keep Viewers Away From TV: survey

MUMBAI – There has been a significant dip in the number of TV show-watchers to 23% from 52% over the past year as they prefer to view it on laptops and smartphones, says a survey. “Consumers increasingly prefer to watch TV shows on devices such as laptop and desktop personal computers and smartphones,” according to […]

April 29th, 2017 | Posted in Business | Read More »

Luxury British Retailer Jimmy Choo Up For Sale

Luxury British Retailer Jimmy Choo Up For Sale

LONDON – British luxury retailer Jimmy Choo is seeking offers for the company as part of a review of its strategic options to maximise shareholder value, it said on Monday. The firm, which specialises in shoes and accessories, said it had discussed the strategic review process with its majority shareholder, JAB Luxury, which has confirmed […]

April 29th, 2017 | Posted in Business | Read More »

India Aims To Cut Petroleum Imports To Boost Alternative Fuel Use

India Aims To Cut Petroleum Imports To Boost Alternative Fuel Use

NEW DELHI – India is aiming to cut its oil products imports to zero as it turns to alternative fuels such as methanol in its transport sector, a government official said at an investor briefing on Monday. “We are trying our level best that the day will come when we don’t need to import any […]

April 29th, 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 […]

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

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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 […]

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