Business - Asian News from UK

FIIs turn net buyers in India in 2020

With over Rs 55,000 crore net purchase of equities, foreign institutional investors (FIIs) have turned net buyers for the year 2020. So far in November, FIIs have made net purchase worth Rs

November 26, 2020

Business·Economy·India News

US grants seven more days to transfer TikTok’s ownership

The Donald Trump administration has granted China’s ByteDance further seven-day extension to sell its short video-sharing platform TikTok’s American business. The US Department of Treasury on Wednesday said that the Committee on

November 26, 2020

Business·USA

Festive spike in E-Com demand lesser than expected: Report

This festive season has seen 30-40 per cent growth in e-commerce volumes with overall growth similar to that witnessed last year. A report by financial services major, Bernstein, said: “While not a

November 26, 2020

Business·Economy·India News

South Korea fines Facebook for sharing private information

South Korea’s information watchdog on Wednesday fined Facebook Inc. 6.7 billion won (US$6 million) for passing information of at least 3.3 million South Koreans to other companies in its first crackdown on

November 26, 2020

Business·Tech LITE·World News

Air India set to connect Bengaluru and San Fransico

India’s national carrier Air India is set to connect Bengaluru and San Francisco via a non-stop flight from 2021, the Kempegowda International Airport said on Wednesday. The airline is expected to launch

November 26, 2020

Business·India News·USA

Airlines to see widening loss: IATA

The global airline industry’s net losses might widen to $118.5 billion in 2020, the International Air Transport Association (IATA) said on Tuesday. In its revised outlook for airline industry performance in 2020

November 24, 2020

Business·World News

Xiaomi logs record revenues in Q3

Xiaomi on Tuesday announced its third quarter results, beating industry estimates with record revenue and net profit riding on the stellar performance of its smartphone business. The China-based company registered 72.2 billion

November 24, 2020

Business

India’s IT spending to touch $81.9 Bn next year

IT spending in India is set to reach $81.9 billion next year, a growth of six per cent from 2020, according to a forecast by Gartner on Monday. In 2020, IT spending

November 24, 2020

Business·India News

Musk Overtakes Bill Gates as World’s Second Richest

Tesla chief Elon Musk has surpassed Microsoft co-founder Bill Gates to become the second-richest person in the world. The Bloomberg Billionaires Index on Monday put the Tesla chief executive, with a $127.9

November 24, 2020

Business·World News

Nifty’s historic performance a booster dose for India Inc

Rather unexpectedly when the economic conditions looked challenging and visibility was low, India Inc has surprised with the Nifty companies delivering their highest-ever quarterly profits in September 2020 in the last 45

November 24, 2020

Business

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