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Vice Chairman of Samsung group Lee Jae-Yong goes on trial in South Korea

Lee, who was arrested in February, has been charged with paying nearly $40 million to the now-impeached president's close friend Choi Soon-Sil, allegedly as bribes to secure policy favours.

PTI | Apr 07, 2017 11:41 AM

US exports to India continue to face barriers, alleges Donald Trump administration

The Trump administration has alleged that US exports to India continue to face barriers as Indian customs officials generally require extensive documentation, leading to frequent and lengthy...

PTI | Apr 01, 2017 06:40 PM

Australian company expresses interest to invest in Adani's Queensland coalmine project

An Australian government-owned fund manager company has expressed interest to invest in “infrastructure pieces” of Indian energy giant Adani’s USD 21 billion controversial coal mine project in...

PTI | Mar 29, 2017 09:19 AM

Uber president Jeff Jones leaves company after six months

Jeff Jones' departure comes after a series of difficulties at Uber, Recode and The Wall Street Journal reported. According to Recode, Jones had voiced dissatisfaction with the company's strategies.

PTI | Mar 20, 2017 02:47 PM

World Bank announces 57 billion dollar in financing for sub-Saharan Africa

The World Bank has announced 57 billion dollar in financing for sub-Saharan Africa over the next three fiscal years. Of that total, 45 billion dollar will come from the International Development...

PTI | Mar 20, 2017 12:20 PM

GDP growth target is around 6.5 per cent for 2017: Chinese Premier Li Keqiang

Li said the Chinese economy registered a slower but stable growth. The GDP last year reached 74.4 trillion yuan (over USD 11 trillion) representing 6.7 per cent.

PTI | Mar 05, 2017 09:09 AM

China to cut five lakh jobs in steel and coal sector to reduce excess production capacity

Yin Weimin, minister of China's human resources and social security ministry, announced plans to relocate five lakh workers who faced job losses this year.

PTI | Mar 01, 2017 07:54 PM

Heavy deployment of police forces ahead of regional economic summit in Islamabad

Interior Minister Nisar Ali Khan chaired a high-level meeting on Monday to discuss security and recommend measures as part of the foolproof security arrangements.

PTI | Feb 27, 2017 10:56 PM

Chinese infrastuture bubble about to burst? Bad loans mount to $220bn: Report

Most of the bad loans were reported to have been caused by provincial governments who in the past went for infrastructure overdrive to showcase their progress while sitting on bad loans.

PTI | Feb 25, 2017 07:15 PM

Currency ban led to huge cash crunch and sucked in cash like vacuum cleaner: IMF official

India’s demonetisation led to huge cash shortages that have “adversely affected” consumption and like a “vacuum cleaner” it sucked in cash and then was slowly replacing the currency, a...

PTI | Feb 24, 2017 04:38 PM

India's economy in 'fairly good shape', likely to be less affected by global economic shocks: IMF

IMF said in the absence of disruptive global financial volatility, slower growth in China, Europe and the United States would have only modest adverse spillovers to India, given weak trade linkages.

PTI | Feb 24, 2017 03:39 PM

Trade between India and UAE set to hit 100 billion dollars by 2020: CII

Currently, the trade between Indian and the UAE is estimated around USD 60 billion.

PTI | Feb 15, 2017 05:38 PM

Indian IT companies need to stop using H1-B visas, says Narayana Murthy

The proposed overhaul of popular H-1B visa regime by US President Donald Trump has raised concerns among the Indian IT firms.

PTI | Feb 03, 2017 02:03 PM

Union budget 2017: Govt abolishes FIPB; More FDI policy easing expected

FIPB was initially constituted under the Prime Minister's Office (PMO) in the wake of the economic liberalisation drive of the early 1990s.

PTI | Feb 01, 2017 06:16 PM

Jack Ma joins WEFs Global Shapers Community foundation board

Alibaba Group’s Executive Chairman Jack Ma has joined the foundation board of the Global Shapers Community, an initiative of the World Economic Forum (WEF).

PTI | Jan 21, 2017 09:44 AM