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Alibaba spending $1 bn to raise stake in Southeast Asia's Lazada Alibaba spending $1 bn to raise stake in Southeast Asia's Lazada

The move doubles Alibaba`s investment in the firm after last year`s deal to buy a controlling stake in Lazada for about $1 billion.

Google faces years of EU oversight on top of record antitrust fine Google faces years of EU oversight on top of record antitrust fine

Beyond a headline-grabbing 2.4 billion euro ($2.7 billion) fine EU antitrust regulators have levelled against Google, the internet giant is likely to be shackled for years by Tuesday`s precedent-setting decision defining the company as a monopoly.

Takata bankruptcy a question mark for consumer lawsuits Takata bankruptcy a question mark for consumer lawsuits

The bankruptcy of Japanese auto parts giant Takata may frustrate the legal challenges by victims harmed by the company`s exploding airbags, which were part of the largest auto safety recall ever.

Dutch citizens to get five-year business, tourist visa: PM Modi Dutch citizens to get five-year business, tourist visa: PM Modi

The PM said his government's thrust has been on "jan bhagidari" (people's involvement) in governance as he believed that the country's progress cannot be ensured only through the government's work.

PM Modi discusses Centre's reform initiatives with Dutch CEOs PM Modi discusses Centre's reform initiatives with Dutch CEOs

Calling on the CEOs present to pitch their investments in India, Prime Minister Modi said that India a land of opportunities, adding that the Indian Government`s reforms seek to enhance ease of doing business and bring standards at par with global standards.

IMF cuts U.S. growth forecasts, cites Trump fiscal plan uncertainty IMF cuts U.S. growth forecasts, cites Trump fiscal plan uncertainty

The assumed stimulus from expected tax cuts and new federal spending spurred the IMF earlier this year to bump up its U.S. growth forecasts to 2.3 percent in 2017 and 2.5 percent in 2018. 

 

Modi-Trump meet restores confidence in bilateral ties:Industry Modi-Trump meet restores confidence in bilateral ties:Industry

Industry body Assocham welcomed the joint statement following the meeting, stating that the mutual commitment to increasing market access in information technology and other sectors is a big positive for the USD 150 billion Indian software and services industry.

 

Indian airline's aircraft order to create American jobs: Trump Indian airline's aircraft order to create American jobs: Trump

SpiceJet Chairman and Managing Director Ajay Singh said the planes under the USD 22 billion order would be manufactured in the US.

 

Queen Elizabeth II set for 8% pay rise Queen Elizabeth II set for 8% pay rise

According to the latest accounts released this week, the Queen and the Royal Family's official travel cost the UK taxpayer 4.5 million pounds during 2016/17, up 500,000 pounds from the previous year.

 

In Amazon's shadow, hedge funds take aim at Brexit-hit retailers In Amazon's shadow, hedge funds take aim at Brexit-hit retailers

Short-sellers, who borrow shares in a company before selling them into the market, hoping to buy them back at a lower price in the future and pocket the difference, are doubling down.

World's first ATM machine turns to gold on 50th birthday World's first ATM machine turns to gold on 50th birthday

The first ATM was opened on June 27, 1967 at a branch of Barclays bank in Enfield, north London, the first of six cash dispensers commissioned by the bank.

EU hits Google with record 2.42 billion euro antitrust fine EU hits Google with record 2.42 billion euro antitrust fine

EU antitrust regulators hit Alphabet unit Google with a record 2.42-billion-euro ($2.7 billion) fine on Tuesday, indicating they will likely take a tough line with the company in two other ongoing cases.

Ericsson scraps push for new clients beyond telecoms Ericsson scraps push for new clients beyond telecoms

Ericsson has ditched its goal of winning more clients beyond the telecoms industry to refocus on selling networks to mobile phone companies in a move to cut costs and halt a dramatic fall in its share price.

Global Markets - Italy bank deal boosts Europe shares, dollar edges up Global Markets - Italy bank deal boosts Europe shares, dollar edges up

Italian 10-year government bond yields fell 4 basis points to 1.88 percent, narrowing the gap over benchmark German equivalents to 164 bps.

 

Study India's GST implementation: Modi to US business schools Study India's GST implementation: Modi to US business schools

Modi told them that his government was working on principles such as Minimum Government, Maximum Governance.

 

EU to slap Google with record fine this week: Sources EU to slap Google with record fine this week: Sources

The EU`s powerful anti-trust regulator will slap Google with a record fine as early as Tuesday in another European blow against a US tech giant, sources said.

World Bank clears $250 million loan to train India's job seekers

The Washington-headquartered World Bank's SIMO is a six- year programme in support of the Indian government's National Policy for Skill Development and Entrepreneurship (2017-23).

Narendra Modi in US: Excited to keep investing, growing in India, says Amazon CEO Narendra Modi in US: Excited to keep investing, growing in India, says Amazon CEO

American online retail giant Amazon, which has committed investments to the tune of USD 5 billion in India, will "keep investing and growing in India", its chief Jeff Bezos has said.

Modi's US visit: American CEOs praise India's policy initiatives to improve ease of doing business Modi's US visit: American CEOs praise India's policy initiatives to improve ease of doing business

Walmart India CEO Krish Iyer hailed the Goods and Services Tax (GST) bill, which will be rolled out on July 1st, as a `game changing reform` that would ease business barriers and help bring down prices of essential commodities in the long run.

Hyundai to recall over 43,700 cars in China Hyundai to recall over 43,700 cars in China

Hyundai Motor Company will recall 43,764 of its vehicles in China over a fault which may lead to potential engine failures, quality control watchdog announced on Sunday.