Business

Business

Auto biggies halt production in India as pandemic rages on

INDIA’s leading automaker Maruti Suzuki and peers Hyundai, Mahindra & Mahindra, Fiat Chrysler, Ford and Toyota said they will halt car production due to...

Salesforce names Arundhati Bhattacharya as India chief

AMERICAN business group Salesforce has appointed that former Indian banker Arundhati Bhattacharya as one of its top executives. The global giant in CRM said on Wednesday...

ArcelorMittal, Nippon Steel ink £4.20bn loan pact

THE joint venture of ArcelorMittal and Nippon Steel has inked a £4.20 billion ($5.15bn) loan deal with Japanese lenders. The loan agreement has been signed...

India plans to top up strategic tanks with cheap Saudi, UAE oil

INDIA plans to take advantage of low prices for oil from Saudi Arabia and the United Arab Emirates to top up its strategic...

COVID-19: Indian IT giant Infosys vacates Bangalore building

INDIAN software major Infosys has vacated one of the buildings in Bangalore, South India, after a team member was suspected for coronavirus (COVID-19). As many...

Mukesh Ambani loses Asia’s richest title to Jack Ma

INDIA’S business tycoon Mukesh Ambani has lost his crown as Asia’s richest person to Jack Ma after the latest rout across global markets wiped...

Indian tycoon aims to develop coronavirus vaccine in six months

INDIA’S vaccine tycoon Cyrus Poonawalla’s business has inked a deal with the US company Codagenix to rapidly co-develop a live-attenuated vaccine against the emergent coronavirus. With...

Sonia Syngal becomes CEO of US apparel retail giant Gap Inc

AMERICA’S largest apparel retail giant Gap Inc has named Indian-American Sonia Syngal as its new chief executive officer (CEO), effective from March 23. The latest move by the business marks a rare...

India initiates its biggest ever privatisation drive

INDIA initiated its biggest ever privatisation drive, with the government inviting bids for its entire 52.98 per cent stake in Bharat Petroleum Corporation Limited (BPCL) on...

Lodha Group’s British arm launches £174m bond issue

INDIAN realty firm Lodha Group’s British subsidiarity has launched a $225 million or £174m bond issue in the Singapore market. The latest move by the...