New Delhi: Amazon.com Inc. is in late-stage talks to acquire as much as 10 per cent of India’s Future Retail Ltd., people familiar with the negotiations said, as the US company moves to bolster its brick-and-mortar presence in one of the world’s fastest-growing retail markets. India’s No. 2 retailer by turnover, Future is seeking a […]
The flag hoisting ceremony as part of the celebrations was held at the Pakistan Embassy in Abu Dhabi and the Consulate in Dubai.
New Delhi: India’s domestic passenger vehicle sales in July dived at the steepest pace in nearly two decades, an auto industry body said on Tuesday, as a financing crunch deepened a crisis in the country’s autos sector and triggered large-scale job losses. Sales of passenger vehicles to car dealers plunged 30.9 per cent to 200,790 […]
New Delhi: The government has initiated the second step for disinvestment of Pawan Hans Limited (PHL), inviting expression of interest from the prospective bidders to sell its stake in the helicopter public sector undertaking (PSU). Pawan Hans is a PSU under the Ministry of Civil Aviation (MoCA) and provides helicopter services for offshore operations, inter […]
London: Wages in Britain are rising at their fastest rate since the global financial crisis over a decade ago as the number of people in work hit a record high despite Brexit headwinds, official figures showed Tuesday. Average weekly earnings were 3.9 per cent higher during the three months to June against the same period […]
MUMBAI: The head of India’s Reliance said Monday that it has agreed to sell a 20 percent stake in its oil refinery and chemical unit to Saudi Aramco in a deal worth $15 billion. “This is the biggest foreign investment in the history of Reliance and also amongst the largest foreign investments ever in India,” […]
Recession fears are spreading among investors at a time when valuations across major assets are looking dangerously stretched following years of monetary stimulus, the latest Bank of America Corp. survey shows. About a third of asset managers polled believe a global recession is likely in the next 12 months, the highest probability since 2011 — […]
He couldn’t come out of the water as there was a strong undercurrent.
The death toll from typhoon Lekima in eastern China rose to 44 people on Monday morning, according to official data, as More…
Dubai: Non-oil private sector economic activity in Dubai moderated in July as employment numbers remained broadly unchanged compared to June data, according to the Dubai Economic Tracker Index (DET) produced by IHS Markit, London-based global information provider. The index is based on the latest data collected from a monthly survey of business conditions in the […]