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Indian drugmakers lobby to win Donald Trump over on generic imports

India’s largest pharmaceutical firms are looking to convince U.S. President Donald Trump that his promise to lower drug costs should take priority over his vow to make sure the medicines are made in America.

Industry News

Bank of Baroda’s South African unit said to close Gupta-linked accounts

Bank of Baroda’s South African unit has started closing accounts of companies controlled by the Gupta family, according to three people familiar with the matter, potentially leaving the friends of President Jacob Zuma witho

Banking & Finance News

Lenovo sells another property asset as smartphone sales tank

Lenovo Group Ltd. will pick up about HK$1.7 billion ($219 million) from selling out of a developer of property and parking lots in central China, striking the latest real estate deal to shore up earnings battered by shrinking

Industry News

Mukesh Ambani’s Reliance Jio should make an even bigger bet: Buy Paytm

Reliance Industries Ltd. reached another milestone this week with its Jio Payments Bank getting the go-ahead to begin operations, Mint reported Thursday.

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Modi exploring new sites for building nuclear projects in India, including those away from the sea

The nation has had to back out from a couple of sites in the past because of opposition from the local population and is now looking at regions, including those away from the sea, to supplement the existing list, the official

Tata Sons, Japan’s NTT DoCoMo, Tata Teleservices, Delhi High Court, London Court of International Arbitration, RBI, Narendra Modi News

World’s biggest banks fined a whopping $321 billion since financial crisis

Banks globally have paid $321 billion in fines since 2008 for an abundance of regulatory failings from money laundering to market manipulation and terrorist financing, according to data from Boston Consulting Group.

Banking & Finance News

China’s ride-hailing service Didi Chuxing in talks to raise billions in fresh capital

Didi Chuxing, the ride-hailing service that acquired Uber Technologies Inc.’s China business last year, has held informal talks with investors about raising billions of dollars to buy more time to build a profitable busines

Industry News

Silver, poor man’s gold, hit by demonetisation: Imports may shrink this year to lowest since 2012

Silver imports by India, one of the world’s top buyers, will probably shrink this year to the lowest since 2012 as the government cracks down on black money, farmers struggle for cash and stockpiles remain ample.

Markets News

View: Is India becoming another China, with incredible growth momentum and statistics nobody quite believes?

Being the fastest-growing large economy in the world is India’s destiny, and even the most poorly conceived economic policy imaginable can’t stop destiny.

Economy News

Investors in a fix: What is the fair value of the Indian Rupee?

Reserve Bank of India Governor Urjit Patel said the rupee is ‘broadly’ where it should be. Problem is, a central bank gauge of the currency’s trade-weighted performance shows it is overvalued.

Markets News

Fed says US growing modestly with subdued signs of inflation

The economy grew at a modest to moderate pace across the U.S., further tightening the labor market but without significant acceleration in wages or inflation, a Federal Reserve survey showed.

World News

Can Snapchat show advertisers it’s not just a lab to experiment?

Gatorade’s Kenny Mitchell wasn’t totally sold on Snapchat advertising until he met Imran Khan, Snap Inc.’s chief strategy officer, in December of 2015.

World News

View: Modi government to sell Air India? Even the aviation minister doesn’t think anybody would want to buy the airline

It's been 16 years since Air India Ltd was last on the block. Now, India is again mulling the idea of selling 51 percent of the state-owned carrier.

Air India News

SBI sees bad loans at Indian banks worsening on slower growth

India’s weaker economic growth will lead to more soured loans, even after an audit of lenders’ books pushed stressed assets in the South Asian nation to the highest among major economies, according to the head of the coun

Banking & Finance News

Xiaomi is the Chinese threat Donald Trump should be watching

If you want an example of the threat faced by the U.S. from an emerging China, look no further than Xiaomi Corp.

World News

Mass layoffs: China plans to cut 500,000 jobs in 2017

China will further trim its bloated smokestack industries this year and support other sectors in services or internet-related businesses to create new jobs.

World News

Hootsuite: The Unicorn That Never Was

Hootsuite and its investors have never publicly contradicted its unicorn status, which can help startups attract top-drawer talent and brings with it a hefty dose of free marketing.

Industry News

Snap IPO Offers Investors Short-Term Allure, Long-Term Quandary

Add to that dizzying sales growth, and investors may find the offering hard to resist.

Industry News

Bitcoin’s top rival is up 90% and readying its next big move

Marco Streng’s computer servers are what make Ethereum tick. Thousands strong, they whir day and night, solving the complex math riddles that are essential to verifying transactions on the hottest new platform in the world

Industry News

Adored by teens, Snapchat is getting popular with their parents

Teenagers love donning digitized puppy ears, flower crowns, and funky sunglasses. So do their parents.

Industry News

Donald Trump blames Barack Obama for protests: ‘I Think He’s Behind It’

President Donald Trump said he believes that predecessor Barack Obama is riling up protesters against his administration and that Obama’s “people” may be the source of unflattering national-security leaks to the media.

World News

Delhi to Mumbai at airplane-like speeds: Hyperloop in talks with Modi government to operate the vehicle on some routes

Hyperloop Technologies Inc., which is building a super-fast transportation solution based on an idea by billionaire Elon Musk, is in initial talks with the government and companies to partially build and operate the vehicle o

Industry News

Here is why India is not going to see big money coming in soon

Overseas investors are in a bind: Bank of America Merrill Lynch estimates it will take at least till September to gauge the earnings-growth potential of Indian companies given jolts on the policy front, yet the nation’s ben

Economy News

Did demonetisation take a toll on GDP? India to grow at 6.8% in FY17, slowest since 2014, but still among fastest in world, says poll

For a country that saw 86 percent of its currency sucked out overnight, India’s economy is proving surprisingly resilient.

Economy News

Big disinvestment move by Modi: Government planning to sell 51% stake in debt-ridden Air India

India is planning to sell a majority stake in Air India, the country’s national carrier, to a strategic partner in a bid to turn around the loss making airline, people with knowledge of the matter said.

Industry News

Donald Trump’s not-quite state-of-the-union address on Tuesday risks trillions

Donald Trump’s address to Congress on Tuesday is taking on the importance of a State of the Union speech when it comes to US financial markets.

Donald Trump’s not-quite state-of-the-union address on Tuesday risks trillions

World’s biggest IPO: These are all the ways a Saudi Aramco IPO could impact markets

The exact dollar value of Saudi Aramco may be up for debate, but the listing of the world’s biggest company will be priceless for the kingdom’s markets.

Industry News