Tag: Business

San Francisco: In a yet another blow for the struggling micro-blogging website Twitter, its head of Asia-Pacific business Aliza Knox has decided to move on after a near-five year stint. Knox built out Twitter’s presence in Asia with an office in Singapore that currently spans nine locations with over 100 people on payroll, TechCrunch reported […]

Mumbai: Participants at a panel discussion here on Friday generally agreed that setting up of big economic zones, ease of doing business and labour reforms are the major factors that would enable the manufacturing sector to grow and create more jobs. India should have at least two big special economic zones on the coastal region from […]

Mumbai: Following the outcome of elections to five state assemblies, market analysts have predicted a positive opening for the Indian equity markets on Tuesday. With the BJP set to return to power in Uttar Pradesh (UP) after 15 years and the Congress gaining the lead in Punjab, market observers were of the view that the victory […]

Meghalaya is the largest producer of strawberries in the Northeast and is the sixth largest producer of the `fruit of love` in the entire country, officials said today. Lauding the government`s effort to promote the people`s livelihood, Governor R S Mooshahary said the cultivation of strawberries serves two purposes.

 Automobile major Maruti Suzuki India's June 2021 sales sky-rocketed on a year-on-year as well as sequential basis.

Mumbai: Yum Brands-owned pizza chain Pizza Hut India plans to double its outlets to over 700 in the next five years, based on the growing popularity of western fast-food in the country, a senior company executive said. “In the long-term, India is one of our most important markets. In the medium term, we plan to […]

New York: Buoyed by growing sales, India will overtake the US to become world’s second largest smartphone market by 2017, says a report. According to international research firm Strategy Analytics, global smartphone sales are forecast to grow from 1.5 billion units in 2015 to a record 1.7 billion by 2017. China, India and the US […]

New Delhi: The $100-billion Dalian Wanda Group of China is planning to develop industrial townships in India with built-in facilities such as schools, hospitals, shopping malls and recreational centres, a top official of the company has said. Wang Jianlin, chairman of the group, expressed his company’s interest while interacting with the Indian business community convened […]

Bengaluru: Oil and gas giant Shell yesterday announced plans to inaugurate a global information technology centre in Bengaluru with the potential to employ as many as 5,000 people. The new technology centre will cater to marketing, projects and technology, downstream refining and upstream oil and gas production businesses, a company statement said. In Bengaluru, Shell […]

New Delhi: Gap Inc., the San Francisco-based, $16.4-billion clothing, accessories and personal care products major, will launch 10 new stores in Bangalore, Mumbai and New Delhi over the next one year, a top company official said. It opened its first one here last week. “We will come up with 40 stores in the next four […]

Mumbai: Driven by favourable impact of forex in and tariff orders, integrated power company Tata Power yesterday said it consolidated net profit in 2014-15 rose to Rs.168 crore against a loss of Rs.260 crore incurred in 2013-14. The net revenue, in the review period, however, fell by just over four percent at Rs.34,367 crore as […]

Shanghai: India is ready to do business and is constantly improving the ease of doing business, Prime Minister Narendra Modi said today at the India-China Business Forum here that saw 21 business agreements worth $22 billion being signed. In his address to the India-China Business Forum, Modi said that India offers historic opportunity for Chinese […]

Mumbai: Ahead of a three-day RBI monetary policy review meet, set to start later in the day, Sensex and Nifty logged mild gains during the late afternoon session of trade of Tuesday. Capital goods, FMCG and metal stocks declined while energy, IT and banking stocks surged. At 2.54 p.m., the S&P BSE Sensex traded 78.22 […]

Mumbai: BSE benchmark Sensex jumped over 250 points and NSE Nifty breached the 11,000 mark in early trade Wednesday led by gains in IT and metal stocks amid heavy buying by domestic and foreign institutional investors. The 30-share index was trading 255.89 points, or 0.70 per cent, higher at 36,872.70. Similarly, the 50-share NSE Nifty […]

Kolkata: State-run Allahabad Bank on Wednesday announced a net loss of Rs 732.81 crore for the quarter ended December 31, 2018, narrowing the net loss of Rs 1,263.79 crore reported for year ago period. The lender, which is under the prompt corrective action (PCA) of the Reserve Bank of India (RBI), had reported a net […]