Business

Business

Sony rejects Loeb’s proposal for chip business spin-off

Sony Corp said on Tuesday it was rejecting a call by Daniel Loeb's activist hedge fund Third Point LLC to spin-off its chips business,...

London Stock Exchange flatly rejects Hong Kong’s $39 billion takeover offer

The London Stock Exchange emphatically rejected the Hong Kong bourse's $39 billion takeover offer on Friday, opting to stick with its planned purchase of...

India’s economic growth ‘much weaker’ than expected: IMF

India's economic growth is "much weaker" than expected, the IMF said on Thursday, attributing the reasons to corporate and environmental regulatory uncertainty and lingering...

Facebook counters Ambani says data is not new oil shouldn’t be hoarded within nations

Countering richest Indian Mukesh Ambani, Facebook Inc on Thursday said data is not the new oil, and countries like India should allow its free...

China to exempt 16 categories of US products from tariffs

China announced Wednesday it would exempt 16 categories of products from US tariffs, ahead of a fresh round of trade talks next month. China...

Mumbai airport stake: Adanis move HC against GVK bid to stall its deal

The Adani Group has dragged the shareholders of the GVK Group-run Mumbai airport (MIAL) and the aviation ministry to the Bombay High Court, seeking...

India’s domestic market for computer services to grow faster than exports: UN report

India's domestic market for computer services is forecast to grow faster than their exports, fuelled by the government's Digital India programme and the country's...

Recession risks rise for Germany

Weaker demand from abroad drove a bigger-than-expected drop in German industrial orders in July, suggesting that struggling manufacturers could tip Europe's biggest economy into...

Alibaba plans fully owned e-commerce venture in India this fiscal

Alibaba Group is planning to launch its first fully owned e-commerce business this fiscal in India through its subsidiary UCWeb, a senior company official...

UK finmin Javid says he is “turning the page on austerity”

British finance minister Sajid Javid said he was "turning the page on austerity" as he promised the biggest spending increases in 15 years, a...