India’s sluggish animal spirits signal no economic recovery yet

Mumbai: India’s investment and consumption activity weakened in September, putting the economy on course for yet another quarter of sub-par growth. The dial on a gauge measuring overall economic activity swung one notch into weaker territory, with seven of the eight high-frequency indicators compiled by Bloomberg News showing weakness and one ticking up slightly. That […]

Amazon shares tumble as profits miss forecasts

San Francisco: Amazon on Thursday reported that quarterly profits shy of Wall Street forecasts, sending shares of the tech giant tumbling in after-market trades. Net income slid 27 per cent from last year to $2.1 billion (Dh7.71 billion), with profits pressured by Amazon’s spending to speed up most deliveries to one day. Revenue climbed 24 […]

India’s Infosys flirts with crisis after whistle-blowers attack CEO

Bengaluru: The dust had barely settled at Infosys Ltd when Asia’s No. 2 software services firm once more found itself grappling with a potential leadership crisis. For the second time in about as many years, the Indian icon synonymous with the country’s technological ascendancy is being forced to answer accusations of impropriety. In the most […]