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Mumbai Trans Harbor Link: Chinese, Korean majors vie to build one of India’s largest engineering project

China’s second-largest construction company is competing with at least six international builders, including two each from Japan and Korea, for $2.7 billion worth of contracts to build the largest road bridge in India.

India News

Grab, Uber’s largest rival in Southeast Asia, plans to raise $1.5 bn in new funding round

Grab, Uber Technologies Inc.’s largest rival in Southeast Asia, plans to raise more than $1.5 billion in a new funding round backed by SoftBank Group Corp., people familiar with the matter said.

Industry News

Airbnb won’t find a home in China anytime soon: Adam Minter

It's never easy for American businesses to make it in China. Cultural differences, government interference and the sheer cost of competing in a market that dwarfs the U.S. have frustrated companies ranging from Wal-Mart Store

Industry News

Royal Bank of Scotland Group cuts almost 700 jobs as it closes 180 UK, Irish branches

Royal Bank of Scotland Group Plc is eliminating about 690 jobs and closing 180 U.K. and Irish branches as Britain’s largest taxpayer-owned lender trims costs after a near-decade of losses.

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Record return by an Indian company: Billionaire Anil Agarwal’s Hindustan Zinc to distribute $4 bn in dividend

Billionaire Anil Agarwal’s Hindustan Zinc Ltd., profiting from a surge in metals prices, announced a special dividend that takes its payments to shareholders this year above $4 billion, in what it said is a record return by

Markets News

Ex-Google executive wants Saudi Telecom to be the next Softbank

A year ago, Abdulrahman Tarabzouni was working on Google's Project Fi trying to disrupt the telecommunications industry.

Industry News

Google advertisement crisis spreads as biggest marketers halt spending

Google's advertising crisis went global after some of the biggest marketers including AT&T Inc. and Johnson & Johnson halted spending on YouTube.

Industry News

Ballarpur Industries, India’s leading paper maker, may default on its debt as Trump’s protectionist policies take shape

Ballarpur invested heavily in recent years to modernize its production facilities, and now may not be able to avoid defaulting on its debts, Fitch Ratings Ltd. said Monday.

Industry News

Bullish markets: Indian stocks could be in for a shock, says UBS

Gains that sent Indian stocks to a record are at risk of reversing as investors ignore the possibility of earnings disappointments in the wake of Narendra Modi’s currency clampdown, according to UBS Group AG.

Markets News

Will India beat its disinvestment target? Modi government may sell stakes in Axis Bank, ITC and L&T ETFs in 2017

India’s government is likely to sell part of the stakes it holds in Axis Bank Ltd., ITC Ltd. and Larsen & Toubro Ltd. through an exchange-traded fund this year, people familiar with the matter said.

Markets News

Airbnb adopts new name Aibiying, doubles investment to woo China

Airbnb Inc. is showing China some love. The U.S. home-sharing giant is adopting the name “Aibiying” in China, one that translates as “welcome each other with love,” as it doubles investment in the country and triples

Industry News

Baidu’s chief scientist Andrew Ng to depart in setback for Artificial Intelligence push

The chief scientist helping drive Baidu Inc.’s push into artificial intelligence is quitting the Chinese search giant, putting at risk its efforts to put AI at the center of a business revival.

Industry News

Is Apple’s iPad business finally starting to fall?

Unit sales of the iPad have dropped for 12 consecutive quarters. Apple in its most recent fiscal year sold the fewest iPads since 2011, the first full year the device was on sale.

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Apple Pay gets crushed in world’s biggest mobile-payments market

A year after introducing its payments technology to China, Apple Inc. is struggling to win share in the $5.5 trillion market, even with the backing of the country’s biggest banks and clearing network.

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Darling of world economy? Mexico emerges as most alluring emerging market, India worst

Mexico is the most attractive emerging market for investors, based on a range of metrics analyzed by Bloomberg including growth, yields and equity valuations. India is the worst.

Markets News

Yogi of startups in trouble: Yogendra Vasupal, Stayzilla founder’s, jailing over $260,000 bill sparks backlash

Entrepreneurs around the world pay a price when their ventures fail, from lost fortunes to tarnished reputations.

Industry News

Modi may be getting too powerful for his own good

India has never been a perfect democracy. But for decades it’s succeeded in being a representative one. Its politics are raucous, with dozens of parties and unwieldy ruling coalitions.

India News

Apple woos developers by making concessions in app store revamp

Apple Inc.'s App Store has turned countless software developers into millionaires since its launch almost a decade ago.

Industry News

Uber CEO Travis Kalanick’s messy breakup with Jeff Jones complicates search for COO

During his brief tenure as Uber Technologies Inc.’s president, Jeff Jones toured far-flung offices in India, the Netherlands and other key markets for the global ride-hailing giant.

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Wal-Mart’s next bet is ‘Store No. 8’ that will reshape the retail experience

Wal-Mart Stores Inc. is creating a technology-startup incubator in Silicon Valley to identify changes that will reshape the retail experience, including virtual reality, autonomous vehicle and drone delivery and personalized

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Trump may tighten screws on Pakistan, freeze billions of dollars of military aid 

Billions of dollars of military aid to Pakistan is under fresh scrutiny as pressure mounts on US President Donald Trump from top generals, officials and research groups for a policy review on the nuclear-armed South Asian nat

World News

Infosys, Tech Mahindra change strategy on H1B visas before new Trump policies are implemented

India’s technology outsourcing giants, unnerved by the administration of President Donald Trump, are changing their strategy on US work visas even before new policies are implemented.

India News

Rupee’s rally after Modi’s sweep in Uttar Pradesh elections may fizzle out: Here is why

The rupee’s rally after Prime Minister Narendra Modi’s resounding win in state elections may fizzle out, if what happened following his historic victory in national polls is any guide.

Markets News

Modi’s inclusive vision is at risk in Uttar Pradesh with Yogi Adityanath as Chief Minister

Prime Minister Narendra Modi’s recent victory in Uttar Pradesh, India’s most populous and politically important state, seemed a welcome affirmation of his pro-development message.

Elections News

Paris Accord could make the world $19 trillion richer

Investing heavily in renewable power and energy efficiency to keeping warming below 2 degrees Celsius, in accordance with the landmark Paris Agreement, will increase the global economy around 0.8 percent by 2050.

World News

Here’s proof your startup needs human resource

The founder of Thinx has lost control of the period-underwear company largely because of one serious blind spot: human resources.

Industry News

Porsche pockets a whopping $17,250 profit on every car

Porsche’s profit machine, already humming, just shifted up.

Industry News
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