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 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.
The latest data available with the US Treasury Department show that India's exposure jumped by USD 7 billion to USD 124.1 billion in April. The country had holding to the tune of USD 117.1 billion in March.
Prime Minister Narendra Modi will meet top American CEOs of global giants, including Apple, Microsoft and Google, here, with issues ranging from visas, investment and job creation expected to occupy centerstage during the discussions.
The upcoming meeting, which is deemed to be one that can significantly strengthen bilateral relations between the two democracies, will also include an interactive session with the Indian-American community as well as 20-odd top CEOs in Washington.
The government was expected to quickly hold a Cabinet meeting to decide about taking on the banks' deteriorated assets, a cost estimated at some 8 million-10 million euros (nearly USD 9 million-USD 11 million).
Samsung has been tapping deeper into the VR business, kicking off the Global Virtual Reality Association, along with other major tech giants, including Google Inc and Facebook-owned Oculus VR.
However, there have been no immediate changes to visa application or issuance procedures, so the administration was not in a position to kind of prejudge what the outcome of the review might be, the official said.
It is a good opportunity for both countries to grow their economy faster by increasing movement of goods and people.
Homeland Security to propose potential reforms to the H1B visa program.
The move reduces the spectra of a short-term crisis, after euro zone governments agreed to give Greece a new credit lifeline of some 8.5 billion Euros.
Eurozone private sector business activity slowed sharply in June but was still running at more than six-year highs, a closely watched survey showed Friday.
American luxury electric carmaker Tesla has confirmed that it is considering opening its first plant in Shanghai to cater to the growing Chinese market.
Alphabet Inc`s Google will press US lawmakers on Thursday to update laws on how governments access customer data stored on servers located in other countries, hoping to address a mounting concern for both law enforcement officials and Silicon Valley.
Takata Corp will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history.
China`s Alibaba Group Holding and JD.com Inc have invested heavily in offline retail - bricks-and-mortar stores - in recent years to complement their online offerings.
The head of Taiwan`s tech giant Foxconn said Thursday its pursuit of Toshiba "is not yet over", a day after the Japanese firm announced it preferred another group of bidders to acquire its prized chip business.
Apple has expanded its legal battle against Qualcomm, accusing the US chip maker of charging for invalid patents in the latest twist in the clash between the two tech giants.
Angola`s capital Luanda has overtaken Hong Kong to become the costliest city in the world for expats, Mercer`s annual survey said Wednesday.
Swedish mobile telecom gear maker Ericsson said on Wednesday it was selling its power modules business, the first exit of assets under a new strategy to focus on its core business.