October 22, 2017
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China bans textile trade & limits its oil trade with North Korea:

In an official announcement, China said that it will no longer offer oil supply or buy textile from the politically isolated nation, North Korea. China is known to be the biggest trading partner of North Korea and also the sole source of hard currency. The ban laid on the textile buying will hit Pyongyang’s income significantly while the China’s oil …

Working The Casino

Everybody wants to do it right? Sack their job off and earn a living having fun. Imagine doubling your salary by simply going to the casino for a few days a week rather than slogging it out for 40 hours a week in the office. Well, keep imagining because it’s pretty much impossible, unless you become a poker pro or …

Trumped in America, Indian IT looks across the Atlantic

With their relationship with America going cold, India’s information technology (IT) giants are warming up to Europe. So far, North American clients have comprised over two-thirds of the business for Indian IT behemoths, with Europe accounting for just over 20%. However, with growth in the US stalling and the market nearing saturation, all eyes are shifting across the Atlantic. And …

From importing International motorcycles to acquiring International brands: Bajaj

One of India’s most popular two-wheeler manufacturers, Bajaj Auto Ltd. made the news quite recently when it acquired a stake in KTM Power Sports AG, which brought the sales of KTM super motorcycles to India under Bajaj’s supervision in return for KTM’s know-how of its 125 and 250 cc engines. Bajaj is most likely to announce another acquisition of the …

Airline To Refund Ticket When Passenger Misses Flight

People commuting through airlines may now be entitled to refunds from airlines if their return tickets are canceled by the airline when they miss their flight on the first leg. A Deputy District Judge at the Mayor’s and City Court of London ordered Iberia to refund the return leg of the ticket of a Mr. James Dove after the airline …

Amazon: Bringing down the Oldest Brands

Amazon is a juggernaut when it comes to dominating the market. It is a global leader in virtually everything. With over 300 million active users, Amazon is valued on the market at nearly $500 billion, and founder Jeff Bezos, with 17% stake in Amazon Inc., is currently the second richest man on the planet, merely $4 billion shy of Bill …

GST: Muted income for companies for Q1

Growth and Service Tax (GST) will come into effect from July 1 and companies are already feeling the heat of lower earnings in the first quarter of this Financial Year. Customers wish to avail the tax benefits from the next quarter and companies are taking a hit on their inventory which would sell without the tax benefit of ‘One Nation …

Amazon to buy Whole Foods for $13.7 bn; Walmart, Target, Kroger should be Terrified

E-commerce giant Amazon Inc. on Friday announced that it would buy Whole Foods Market Inc. for $13.7 billion and it is a step forward to embracing brick-and-mortar stores that the giant has recently been experimenting with. The deal will grant Amazon with control over more than 400 stores, integrating the stores with technology. Amazon has previously offered food delivery through …

Infosys President Quits: Setback For CEO

Head of Americas and global head of manufacturing and retail for Infosys, Sandeep Dadlani quit the company and this is a major setback for CEO Vishal Sikka. Thursday night saw the nomination of two executive officers, one of them Nitesh Banga replaced Dadlani as the global head of manufacturing. Since Vishal Sikka took over as CEO of Infosys in 2014, …

Airtel to take a sigh of relief; adds 2.85 million subscribers in April

In a statement released on Monday, the Cellular Operators Association of India said that the market leader Bharti Airtel has successfully bagger additional 2.85 million subscribers in the month of April. Now the total number of subscribers is 276.5 million. In another report, the UBS Securities Asia said that the number of Reliance Jio Infocomm  Subscribers additions saw a down …

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