Despite a devastating second wave of Covid-19 pandemic in the country, it is likely that the India’s economy rebounded in the April-June quarter form the huge dip it experienced last year. The driver for the rebound is expected to be the improved manufacturing output. With an annual contraction of 7.3 per cent in the fiscal…
Afghanistan banks have been pushed into a possible crisis and a very uncertain future as they face the threat of over a range of issues – from liquidity to employment of female staff, since the takeover of the country by Taliban, even though the country’s banking system is considered ot be critical for any possible…
Multinational companies are exiting from the crisis-stricken OPEC nation of Venezuela and the latest company to do so is the Japanese oil company Inpex Corp which sold off two of its oil and gas assets in the country to Caracas based Sucre Energy Group, said reports quoting sources. 70 per cent stake in Inpex’s Gas…
It took Singapore’s Shopee, owned by Sea Ltd, just two years to become the shopping app in Brazil with the highest number of downloads as the platform attracted consumers with its low cost offers and its unique approach to e-commerce – use of mini-games in the app with winners being offered coupons for shopping, The…
All of its self-driving e-Palette transportation pods at the Tokyo Paralympic Games village were suspended by Toyota Motor on Friday after a visually impaired pedestrian was injured in a collision with one of the vehicles. Apologizing for the accident, Toyota Chief Executive Akio Toyoda, in a YouTube video, said that he had tried ot meet…
The top social media platforms of China, including Wechat, Douyin, Sina Weibo and Kuaishou, old start to rectify irregular practices of “self-media” accounts that are engaged in publishing financial information, the compaies said on Saturday, according to a report by the Chinese state media Global Times. This move was announced by the company after an…
An application for an initial public offering was filed confidentially with regulators by the electric vehicle maker Rivian which sets the stage for an awaited listing of the company at e end of the year with the company looking to benefit from the IPO market that is currently booming in the United States, Rivian said…
The current unrest in Afghanistan has created the threat of medical supplies running out within days in the country, warned the World Health Organization (WHO) on Friday. It however added that an air bridge into the northern city of Mazar-i-Sharif is hoped to be established by it before medicines run out with the help of…
As a part of its strategy to partner with large brands to grow in the United States, the British bank Barclays will by purchasing a $3.8 billion credit card portfolio co-branded with clothing retailer The Gap Inc through the bank’s United States arm, the bank said on Friday. According to the bank, it is purchasing…
Even as antitrust regulators of the European Union are expected to launch a full-scale investigation of the acquisition of British chip designer Arm by Nvidia after an initial review, Nvidia is likely to file for approval of the $54 billion takeover deal with the EU antitrust regulator early next month, said reports quoting sources with…
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