Tata settles $7.3 billion of dues to complete sale of mobile business to Bharti Airtel

India’s Tata Group paid lenders and the government about 500 billion rupees ($7.3 billion) to help complete the sale of its mobile-phone services business to Bharti Airtel Ltd., a deal that was announced almost two years ag

Industry News

Facebook’s cryptocurrency Libra has a new challenger — a skeptical Indian govt

Both the government and the central bank have virtually outlawed cryptocurrencies after it barred banks from dealing in them.

Markets News

What is keeping Apple from dying? Microsoft co-founder Bill Gates makes big revelations

Gates spoke of Jobs, the Apple Inc. co-founder and chief executive officer who died of pancreatic cancer in 2011, in a segment on leadership to be broadcast Sunday on CNN’s “Fareed Zakaria GPS.”

Industry News

Indo-Thai, Bhai Bhai! More Indians now visiting Thailand as Chinese tourists shun ‘land of smiles’

What’s happening to Thai tourism could prove a canary in the coal mine for the leisure sector in other Asian economies as China matures and a new India emerges.

india, thailand, land of smiles, tourism industry, Phuket, Thai tourism, travel news, China, tourism news

Deutsche Bank’s $8 billion overall includes exit from global equities

About 74 billion euros of risk-weighted assets will become part of a new non-core unit and the lender’s capital buffer will be reduced as part of the plan, which will avoid tapping shareholders.

The bank said it does not plan a capital increase to pay for the overhaul. (Reuters File photo) News

Europe weighs next move on Iran after Uranium enrichment breach

Iran’s Sunday announcement kept the pressure on Europe to help ease the impact of crippling U.S. sanctions imposed after President Donald Trump pulled out of the agreement a year ago.

Iran threatened 60 days ago to abandon some of its commitments under the deal if Europe didn’t meet a July 7 deadline to relieve sanctions that include penalties for buying Iranian oil. (AP Photo/ File) News

Christine Lagarde must shift ECB policy, German ruling party head says

A spokesman for AKK, as she is widely known in Germany, later clarified her remarks to say she expects Lagarde to cautiously adjust policy as the ECB strives to achieve price stability so it can move away from ultra-low inter

Lagarde, who currently heads the International Monetary Fund, was nominated earlier this week by the European Council to lead the ECB in Frankfurt. (Reuters photo) News

Kamala Harris’s $100 billion plans aims to help black families buy homes

Speaking at the Essence Festival in New Orleans on Saturday, Harris said the program would help with down payments and other costs associated with purchasing homes.

Harris has previously laid out proposals to offer relief for renters and working families. (Bloomberg photo) News

Economic Survey 2019: Political stability fuels economy’s rebound; to push animal spirits

Economic Survey 2019: Real gross domestic product growth for the fiscal year started April 1 is projected at 7%, the Finance Ministry said in its annual Economic Survey report.

Economic Survey 2019 Live, India Economic Survey 2018-19 Live News

Joe Biden returns to campaign trail with strong defence of Obamacare

Joe Biden returned to the campaign trail Wednesday with a defense of the Affordable Care Act, consciously drawing a contrast with other Democratic presidential hopefuls after spending weeks focused almost exclusively on Presi

World News

Vodafone 5G network opens new front in Britain’s wireless wars

Vodafone Group Plc switched on the U.K.’s second 5G wireless network on Wednesday, kicking off a commercial battle with dominant rival EE that could shape a decade of sales.

Industry News

Boeing pledges $100 million to help 737 MAX crash families

The money will go toward “education, hardship and living expenses for impacted families, community programs and economic development in impacted communities,” Boeing said Wednesday in a statement.

Industry News

Nirmala Sitharaman faces toughest balancing act of career; many challenges in her way

Within hours of her arrival at her new office, Sitharaman was greeted with India’s worst economic news of the year: Unemployment had touched a 45-year high.

modi cabinet, nirmala sitharaman, finance minister, finance minister india, modi union cabinet, union minister, defence minister, rajnath singh News

Budget 2019 must be different than interim budget; Indian economy has turned worse

Budget 2019-20: In the months since the interim budget, India’s economy has taken a turn for the worse.

fiyo, fiyo employment, fiyo demand, बजट 2019, निर्मला सीतारमण, मोदी सरकार, मोदी सरकार बजट, modi 2.0, modi 2.0 budget, modi government budget, tax slab, csr fund, mat, minimal alternate tax, tax slab rate, corporate tax rate, corporate tax, industry demand from budget, dividned, dividend distribution tax, taxable income, tax rebate, angel tax, gst, gst slab, startup News

Jet suppliers go on merger spree trying to keep up with Boeing and Airbus output

The annual air show in the French capital fueled that impression, with a high volume of meetings and “quality” interactions from which Lazard aims to reap the benefits in the next year, he said.

Boeing 737 Max aircraft at a factory (Reuters photo) News

End of days for fossil fuel? BP says some of its oil won’t be used

Some of the “more complicated to extract” resources in the British oil major’s portfolio may have to be sold or stay in the ground, said Dominic Emery, the company’s group head of strategy.

The oil major said in an investor presentation last year it has 25 billion barrels of resources, 40% of which has been “booked and proved.” (Reuters photo) News

Facebook’s cryptocurrency Libra faces criticism from Washington

“All of us believe the risks posed by Facebook’s proposal are too great to allow the plan to proceed with so many unanswered questions,” the groups said.

Representations of virtual currency are displayed in front of the Libra logo (Reuters photo) News

Facebook comes under European Union’s antitrust scrutiny

Separately, Facebook is facing privacy probes over its policies and data breaches and was fined by the EU for failing to give correct information during the regulatory review of its WhatsApp takeover.

The European Commission declined to comment, and Facebook didn’t respond to a request for comment. (AP Photo) News

Budget 2019: Bond traders may forgive Modi’s Budget miss as growth under threat

India Budget 2019: Bond traders in India can be forgiving of budget misses when economic growth is threatened. Prime Minister Narendra Modi will likely widen the budget deficit target to 3.5% of gross domestic product on Frid

budget 2019 news

Solar, wind energy to fuel over half of India’s power capacity by 2030

As per the current plan, the government aims to install 175 gigawatts of renewable capacity by 2022. India had 80 gigawatts of renewable capacity as of May-end.

सौर ऊर्जा, अक्षय ऊर्जा, पवन ऊर्जा, चीन, सोलर एनर्जी, चीन सोलर एनर्जी, solar energy, china solar energy, coal, china top solar energy producer, china world record, News

How 2 Stanford University dropouts made $860 million by age 23

In 2017, Brex was valued at $25 million, according to data from PitchBook. Its latest funding round pegged its valuation at more than $2 billion.

Dubugras was just 14 when he built his first company, the maker of an online video game, and shut it down after getting notices for patent infringement. (Bloomberg photo) News

Apple designer Rico Zorkendorfer from Ive’s team lands at Home Robotics startup

Few of Apple’s industrial designers left the company for most of its history, but Zorkendorfer was one of at least three to depart in the past six months and among six who have left in the past three years.

As a member of Apple’s industrial design group of about two dozen people under Jony Ive, Zorkendorfer was key to the iPhone maker’s product launches. (Reuters File photo) News

Brain drain: Google and Facebook are sucking the brains out of Europe

The primary concern about this brain drain isn’t national pride or flag-waving; it is power. It’s about who controls the huge and politically sensitive data sets on which AI relies.

In France, ministers speak proudly of Google’s and Facebook Inc.’s research labs in Paris (Agencies photo) News

Nike withdraws ‘Betsy Ross Flag’ shoes at Colin Kaepernick’s complaint

The Air Max 1 USA was intended as a celebration of U.S. Independence Day, with a flag that featured 13 white stars in a circle on the heel.

The design was created during the Revolution and is often called the Betsy Ross Flag. (Reuters File photo) News

Gold sinks most in a year as trade truce deals blow to bulls

Bullion hit a six-year high last week as top central banks including the U.S. Federal Reserve adopted a more dovish tone and tensions spiked between the U.S. and Iran.

Gold futures dropped 1.7% on the Comex in New York, the biggest decline in over a year, to settle at $1,389.30 at 1:32 p.m. (File photo) News

Bitcoin criminals set to spend $1 billion on dark web this year

While the growth in illicit Bitcoin spending may be alarming, a major caveat is that the proportion of Bitcoin transactions tied to illicit deals is declining.

Dark-net spending in Bitcoin peaked in 2017, at $872 million, and declined last year as the coin’s price took a dramatic dive. (Reuters File photo) News

Trade wars: US proposes tariffs on another $4 billion of EU goods

The latest targets were identified following a two-day hearing in Washington in May when 40 stakeholders made their cases about the countermeasures.

The USTR said a public hearing on the proposed additional $4 billion worth of products will be held August 5. (Representational Image) News