Business

Business

UK’s HKS Retail Sold To Multinational Group

ONE OF Britain’s leading Asian-owned businesses has been sold to an international petroleum products retailer and energy company, Prax, for an undisclosed amount. Leicester-based HKS...

Toymakers welcome PM Modi’s ‘vocal for local’ push

Domestic toymakers on Tuesday welcomed Prime Minister Narendra Modi's call for making the country a hub for toy manufacturing, but sought additional time to...

Atlas Cycles pedals away as operations shut at last manufacturing unit

Atlas Cycles - a name that became a synonym for bicycles in India - has shut its last manufacturing unit in Sahibabad, just outside...

Anil Ambani receives reprieve from court in insolvency proceedings

An Indian court on Thursday halted insolvency proceedings against Reliance Group chairman Anil Ambani, the younger brother of India's richest man, and barred him...

Indian-American Dhivya Suryadevara, Named GMs Financial Head

General Motors Co said on Wednesday Dhivya Suryadevara, currently vice president of corporate finance, will succeed Chuck Stevens on Sept. 1 as Chief Financial...

Eastern Eye Asian Rich List – Hindujas top list of wealthiest Asians in UK

NRI businessmen Hindujas have retained their position as the richest Asians in the UK in 2017 with an estimated wealth of 19 billion pounds,...

Indian banks’ consortium seeks UK bankruptcy order against Vijay Mallya

A consortium of Indian banks has returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya. The consortium...

India business awaits changes to Raj era labour laws

WITH steel machines hissing and whirring and staff studiously manning production lines, Sunder Rajan's factory about two hours southwest of New Delhi is prospering. But...

India’s market regulator imposes fine on Mukesh Ambani, Reliance

INDIA’s market regulator has imposed fine on Reliance Industries and its chairman Mukesh Ambani, the country’s richest man. The Securities and Exchange Board of India...

India court leaves fate of Future’s $3.4 bln deal opposed by Amazon to regulators

An Indian court on Monday left it to regulators to decide the fate of the $3.38 billion sale of Future Group’s retail assets to...