Author Archives

• Reports Say Walmart Secures 75% Stake In Indian E-Retailer Flipkart, Trumps Amazon

  By admin2 on May 5, 2018 • ( 0 )

  

  In India, the new battle ground between Walmart and Amazon.com, the largest retailer in the world apparent seems to have trumped to its online rival Amazon and is slated to take up a majority stake at Flipkart – India’s largest… Read More ›

• 6,000 Jobs Expected To Be Cut By BT As Part Of Restructuring

  By admin2 on May 4, 2018 • ( 0 )

  

  Troubled by its Italian accounting scandal, that lasted for at least 18 months, BT is attempting to rebuild investor confidence and is all set to announce job cuts to the tune of about 6,000 globally.  The company has also been… Read More ›

• U.S. Will Allow Tariff Respite For Some Countries, Not All, Says Com Sec Wilbur Ross.

  By admin2 on April 30, 2018 • ( 0 )

  

  After the expiring of the temporary exemptions from the steel and aluminum tariffs on Tuesday, there are plans by the Trump administration to extent the exemption to some countries – not all, said U.S. Commerce Secretary Wilbur Ross. Ross however… Read More ›

• Deutsche Bank Report Predicts A 7.5% Growth Rate For Indian GDP In FY19

  By admin2 on April 30, 2018 • ( 0 )

  

  A Deutsche Bank research report has predicted that the Indian economy and its GDP will likely grow at the rate of 7.5 per cent for the current financial year and added that the economy is witnessing a “cyclical upswing”. “Our… Read More ›

• First Quarter Slow Down For U.S. Economy – At 2.3 Percent

  By admin2 on April 29, 2018 • ( 0 )

  

  The Unites States Commerce Department announced on Friday that there has been a slowdown in the U.S. economy in the first quarter of 2018. The department said that compared to the rate for Gross Domestic Product (GDP) growth of 2.9-per… Read More ›

• Comply With WTO Rules, Says China, Opposes Trade Protectionism

  By admin2 on April 28, 2018 • ( 0 )

  

  The deep integration of the global economy is the reason that everyone would be harmed by unilateralism and trade protectionism and there would be no benefits for anyone, China said earlier this week just as two senior U.S. officials are… Read More ›

• Embraco Business Of Whirlpool To Be Sold For $1.08bn To Nidec Corporation

  By admin2 on April 28, 2018 • ( 0 )

  

  The Embraco compressor business of Whirlpool will be sold to Nidec Corporation in a cash deal that would be worth of $1.08 billion, the companies announced recently. It is expected that the deal would be closed by the first half 2019…. Read More ›

• Privacy Scandal Does Not Impede Facebook To Post Record Revenues For First Quarter

  By admin2 on April 28, 2018 • ( 0 )

  

  Facebook posted record revenues for the first quarter of 2018 despite a huge issue and problems in relation to data privacy. The company beat Wall Street estimates of revenues of $11.41bn posting a 49% increase compared to same period last… Read More ›

• VW Open Working With Tata Motors For Making Affordable Car For The Indian Market

  By admin2 on April 25, 2018 • ( 0 )

  

  German automaker Volkswagen AG has not given up on its plans of manufacturing and offering budget cars to millions of potential consumers in India as this became apparent as the company signaled that it had not completely ruled out a… Read More ›

• Comcast Bids £22bn For Sky, Its Support For Rupert Murdoch Acquisition Cancelled By Sky

  By admin2 on April 25, 2018 • ( 0 )

  

  The hopes of Rupert Murdoch to acquire Sky successfully apparently have bene roadblocked by a rival bid of £22 billion bid by the US Media giant Comcast. A number of regulatory issues have held up the takeover of a 61 per… Read More ›