Business

Business

IMF downgrades world growth, warns of ‘precarious’ 2020

Global trade tensions, continued uncertainty and rising prospects for a no-deal Brexit are sapping the strength of the world economy, which faces a "precarious"...

S.Africa court halts Zambia plan to sell Vedanta assets

A South African court Tuesday granted Vedanta Resources an order blocking the liquidation of its Zambian-based Konkola Copper Mines (KCM) company amid a growing...

India Inc to witness double-digit median salary increment this year: Report

Corporate India is expected to witness a double-digit hike in salaries with a median increase of 10.95 per cent this year but the increment...

Indian banks pursue Mallya in UK High Court for assets disclosure

Two superyachts, a game reserve, numerous undeclared high-value and vintage cars, valuable paintings and a piano previously owned by Elton John are among the...

IL&FS gets approval for sale of wind projects to Orix Corp

Cash strapped Infrastructure Leasing and Financial Services (IL&FS) on Monday said it has received approval from NCLAT appointed retired Justice D.K. Jain for the...

AB InBev sells Australian assets including Foster’s

The world's leading brewer Anheuser-Busch InBev said Friday it is selling its assets in Australia - including the Foster's beer brand - to pay...

PepsiCo buys Pioneer Foods in Africa push

US beverage and food giant PepsiCo has agreed to buy South Africa's Pioneer Foods for about 24.4 billion rand (£1.4 billion), a company executive said...

Mukesh Ambani keeps salary capped at Rs 15 cr for 11th yr in a...

Richest Indian Mukesh Ambani has kept his annual salary from his flagship firm Reliance Industries capped at Rs 15 crore for the eleventh year...

IL&FS case: NCLT allows govt to prosecute auditors Deloitte, BSR

The NCLT has given a go-ahead to government to prosecute Deloitte and BSR Associates for their failure to detect and report the scams that...

EU clears Vodafone’s $22 billion Liberty deal

Brussels gave its blessing to Vodafone's $22 billion (£17.62 billion) purchase of Liberty Global's cable networks in Germany and central Europe, clearing the way for the...