“We have been present online in Mumbai since early 2019.” World’s leading home furnishings retailer IKEA will open its second store in the country at Navi Mumbai on December 18. The over five lakh sq […]
Waddell & Reed Financial To Be Acquired By Macquarie Group For $1.7 Bln
Waddell & Reed Financial Inc. (WDR) Wednesday said it has agreed to be acquired by Macquarie Asset Management, the asset management division of Macquarie Group (MQG.AX,MQBKY.PK) for a total consideration of $1.7 billion. Macquarie would […]
Oil prices down about 1% Monday ahead of OPEC+ meeting
Fox Business Flash top headlines for November 27 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. SINGAPORE - Oil prices fell about 1% on Monday amid investor jitters ahead of an […]
LVB to become DBS Bank India from Nov 27; ₹25,000 withdrawal restriction to go
All the branches of LVB will function as branches of DBIL with effect from November 27, the RBI said in a statement Crisis-hit Lakshmi Vilas Bank (LVB) will merge into the Indian arm of Singapore-based […]
IT spending in India to grow 6% in 2021 to USD 81.9 billion: Gartner
IT spending in 2020 is expected to total USD 79.3 billion, down 8.4 % from 2019. IT spending in India is projected to rise 6 % to USD 81.9 billion in 2021 compared to this […]
It feels like riding a really fast luxury sports car, says Tanay Manjrekar
You should see the first commercial routes before the end of the decade, says Tanay Manjrekar of Vigrin Hyperloop who took part last week in a human trial of the hyperloop pod. Tanay Manjrekar, a […]
Japan’s SoftBank back in the black as investments improve
The Tokyo-based company reported a 627 billion yen, or about $6.1 billion, profit in July-September, compared with a loss of 700 billion yen in the same quarter of 2019 Japanese technology company SoftBank Group Corp. […]
Manufacturing PMI rises for third straight month; output rises at quickest pace since Oct. 2007
Inflationary pressures, meanwhile, remained subdued as seen by a modest increase in input costs and only marginal rise in selling prices. India’s manufacturing sector activity improved for the third straight month in October with companies […]
‘Under penetration is biggest opportunity’
HDFC Bank poised to weather the COVID-19 storm, says former MD & CEO Aditya Puri (70) stepped down as MD and CEO of HDFC Bank, India’s largest private lender, last month after an eventful 25 […]
Govt to provide production-linked incentives to more sectors, says Niti Aayog
The Niti Aayog vice chairman, however, did not specify which sectors might be made eligible for the incentives. The government will introduce the production-linked incentive (PLI) scheme for more sectors to boost domestic manufacturing, Niti […]