Indian mining baron Anil Agarwal’s Vedanta Ltd and Taiwan’s Foxconn have parted ways in a USD 19.5 billion semiconductor joint venture over not finding a technology partner to make chips to be used in electronic devices such as mobile phones, refrigerators and cars.
Tag: Business
India now more attractive to investors than China: Report
According to a report which polled 85 sovereign wealth funds and 57 central banks worth a total of USD 21 trillion in assets, India has overtaken China as the most attractive emerging market for investing.
Why has McDonald’s India stopped using tomatoes?
Fast food chain McDonald’s announced it was removing tomatoes from its menu in certain parts of India following the price hike across the country.
Sabre acquires e-commerce provider Techsembly to expand hospitality retailing solutions
Sabre Corporation (NASDAQ: SABR), a travel industry software and technology provider, today announced the acquisition of hospitality e-commerce provider Techsembly. Terms of the transaction were not disclosed.
Musk vs Zuckerberg: Will Meta’s Threads successfully take on Twitter?
Meta’s new short messaging platform Threads is aiming to take on Twitter. It saw 10 million sign ups within just seven hours of launch today.
Delhi, Mumbai may get more British Airways flights, as the airline aims to benefit from stronger India-UK trade ties
India and the UK are looking to significantly increase bilateral trade; British Airways wants to be a part of the growth story. It has opened a new call centre in India and plans to increase flights from Delhi and Mumbai.
US government clears first ever flying car prototype for testing
Fact is blending with fiction when it comes to automobile technology as the first formal steps to legalise flying cars have been taken.
World Bank chief Ajay Banga sole Indian on Carnegie Corporation’s ‘Great Immigrants’ list
Indian-origin Ajay Banga, the President of the World Bank, is the only Indian named on this year’s annual Great Immigrants’ list of honourees by the Carnegie Corporation of New York.
Remittances to India from Singapore reach huge volumes through Instarem
Instarem, which was founded in Singapore by entrepreneurs with Indian roots, enjoyed strong growth of 30 per cent per annum from the global remittance market of USD682 billion.
Sensex, Nifty hit lifetime high levels, driven by fresh foreign fund inflows
“Investors are massively turning positive on risk assets, taking comfort from the recent fall in inflation, anticipating the end of the rate hike cycle,” said the head of a securities company.
