International Business

International Business

Jaguar Land Rover to open engine plant in Britain

INDIAN-OWNED luxury carmaker Jaguar Land Rover is to open a factory to build low-emission engines in Britain with the creation of up to 750...

ArcelorMittal scraps India steel plant plan

THE world’s largest steel maker ArcelorMittal on Wednesday (July 17) said it has scrapped plans to build a steel plant in eastern India due...

Google fined record 2.4 bn euros by EU

The EU slapped Google with a record 2.4-billion-euro anti-trust fine on Tuesday, in a fresh assault on a US tech giant that risks the...

India to allow Nokia to transfer Chennai factory to Microsoft

NOKIA has won an appeal to release a local factory seized by authorities in a tax dispute, allowing the transfer of the plant as...

BP, Reliance plan $5bn investment for India gas field

BP Plc and Reliance Industries Ltd on Tuesday (February 19) announced plans to invest over $5bn (£3.23bn) to reverse a decline in output from...

How India, other Asian oil buyers will deal with Trump’s sanctions on Iran

Asia’s petroleum refiners are seeking alternative supplies as they prepare for renewed US sanctions against major oil exporters amid a tight market. Iran is...

Philips returns to profit, sells entertainment business

ELECTRONICS giant Philips on Tuesday (January 29) reported 2012 net profits of $311m (£197.27m), after losses of $174m (£110.37m) in 2011, and announced the...

Alibaba plans to launch world’s first e-commerce satellite

China's online marketing giant Alibaba plans to launch the world's first e-commerce satellite next year to provide people with the best vegetables after analysing agricultural cultivation and...

EU bids to strip away trade incentives from China, India

EUROPEAN Union (EU) trade chiefs are planning to strip away special export advantages granted to China, India, Indonesia and scores of other fast-growing economies,...

Google to cut 1,200 jobs at Motorola Mobility, including in India

GOOGLE’S Motorola Mobility unit is to shed another 1,200 jobs or 10 per cent of its workforce as the smartphone maker tries to return...