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Friday, August 14, 2020
Business

Business

ByteDance in talks with India’s Reliance for investment in TikTok: Report

China’s ByteDance is in early talks with India’s Reliance Industries Ltd for an investment in its video-based app TikTok’s business in India, TechCrunch reported, citing sources. The...

Indian airline IndiGo to fight virus woes with $534 million share issue

India’s largest airline IndiGo hopes to raise $534 million by issuing shares to try and boost liquidity after the coronavirus pandemic sparked record losses...

Nirav Modi’s UK trial to begin in September

A UK court on Thursday (6) extended the custody of fugitive diamond merchant Nirav Modi, who is fighting extradition to India on charges over...

Tata Motors posts major loss as lockdowns hit sales

India’s Tata Motors on Friday (31) reported a major quarterly loss as coronavirus lockdowns hit sales in domestic and international markets including Europe and...

Yes Bank takes over headquarters, flats of Anil Ambani group

IN a major set back for Anil Ambani, younger brother of Asia’s richest man Mukesh Ambani, Yes Bank has taken over the headquarters of...

Royal Enfield’s Interceptor 650 tops motorcycle sales in UK, Himalayan among top five

INDIAN two-wheeler giant Royal Enfield’s Interceptor 650 has emerged as the best-selling motorcycle in post-lockdown UK. The classic roadster topped sales in the country for...

Profits at India’s Reliance jump 31 per cent, beating estimates

INDIAN conglomerate Reliance Industries reported a 31 per cent jump in quarterly profits Thursday (30), due to a one-time gain from British oil giant...

Hinduja Group firm, Tech Mahindra partnership to provide advanced cyber security solutions

UK-based advanced cyber security provider and Hinduja Group firm CyQureX-UK and Tech Mahindra have entered into a global strategic partnership to offer cyber security...

Punjab National Bank wins UK court battle over unpaid dues

Punjab National Bank International Limited (PNBIL) has logged a big win in a UK High Court in its pursuit of around $22 million in...

Indian liquor maker United Spirits reports 47.6 per cent drop in revenue in Q1

INDIAN liquor maker United Spirits, which is controlled by Diageo India, has reported a net loss of Rs 2466 million (£25.6 million) for the...