Category Archives: Business

Indian antitrust watchdog raids Glencore business, others over pulse prices: Sources

NEW DELHI: India’s antitrust watchdog raided units of global commodities trader Glencoreand two other firms in Mumbai on Saturday in an inquiry into alleged collusion on the price of pulses, four sources with knowledge of the raids told Reuters. More than 25 antitrust officials carried out the raids at the offices of local units of Glencore and Africa’s Export Trading Group, Read More

How To Create A Data Strategy: 7 Things Every Business Must Include

Data matters to every business. So it follows that every business needs a data strategy. As a strategic business and technology advisor, not only have I written the book on data strategy (literally), I’ve helped many of the world’s most successful organizations create one. In this article, I share my pearls of wisdom on how to create a winning data strategy – Read More

DBS Bank aims to triple India business via wholly-owned subsidiary

Singapore-based DBS Bank, that recently converted its Indian branches into a wholly-owned subsidiary — DBS Bank India, on March 4 said it aims to triple the size of its business in the country by increasing exposure to consumer loans. “We will be focusing on SME and retail over the next five years. Our aim is to get the share of Read More

Tripura likely to see a business boom but challenges remain

In the coming years, businessmen will witness the emergence of Agartala as the hub for transportation to the Northeast, and of Chittagong as the biggest trans-shipment hub in the Bay of Bengal.  It remains to be seen if Agartala will be able to capitalise on this geo-political advantage. In some  ways, Tripura has been luckier than most other North Eastern states.  Its Read More

Piaggio Aims to Scale up Two-Wheeler Business in India

Italian two-wheeler maker Piaggio is looking to expand its sales network in India to over 350 dealerships by the end of this year as part of scaling up its business in the country, a top company official said. The company, which currently has around 250 sales outlets, will, however, stick to its premium lineage even as it seeks to grow Read More

AT&T to cut jobs in weaker business units

AT&T Inc is cutting some jobs in declining areas of its business, while hiring more people in faster-growing segments, an AT&T spokesman said on Monday. The layoffs will affect a “small” portion of the workforce and are consistent with staffing changes AT&T has done in the past, spokesman Jim Greer told Reuters by telephone. He declined to specify how many Read More

When Wall Street looks to Washington, it gets scared

Leah Willis | Reuters President Donald Trump It was Wall Street that scared the markets as storied institutions failed during the financial crisis, and now as stocks fall into bear market territory, it’s Washington that’s getting the blame. Making matters worse is that when financial markets are in trouble, market pros turn to Washington’s lawmakers and regulators for help, and Read More

Facebook Puts Karandeep Anand in Charge of Its ‘Workplace’ Business

Facebook has elevated its senior Indian-origin executive Karandeep Anand to head Workplace, the company’s two-year-old enterprise communication tool. Anand, who was earlier Head of Product for Facebook Marketplace and Payments services, would handle the Workplace product team and report to Julien Codorniou who is its Vice President. “I’m excited to now be part of the journey of bringing Workplace to Read More

GLP can build up to $30 billion business in India: CEO

Shrija Agrawal GLP CEO Ming Mei and Everstone Capital CEO Sameer Sain. Mumbai: In an exclusive interaction with Mint, Ming Mei, co-founder and CEO of alternate asset management firm GLP, and Sameer Sain, co-founder and CEO of Everstone Group, share their plans for the logistics real estate joint venture. GLP is a global provider of modern logistics facilities and technology-led Read More

Vijay Mallya Offers To “Repay 100%” To Banks, Says “Please Take It”

  Five days before a UK court’s verdict on whether Vijay Mallya can be extradited, the fugitive businessman, who is being investigated for fraud and money-laundering, appealed to various Indian banks to accept his offer to pay back 100 per cent of the principal loan amount he owes them. In a series of tweets, the liquor baron said that the Read More