World Business
A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers.
Securitisation activity up 29pc in 2013-14 at Rs 490b
Mumbai: Moody's Investors Service said securitisation is the key to solve the country's funding issues for the longer gestation sectors...
Chile’s new environmental tax on vehicle purchases generate USD1.17m
SANTIAGO: Chile's new environmental tax on vehicle purchases has generated CLP735m (USD1.17m) during the first month of its operation, the...
UN Report: 30 crore people still live in extreme poverty in India
New Delhi: A United Nations report has said about 30 crore people still live in extreme poverty in India even...
Finance minister says India needs to grow at 7-8 percent a year
New Delhi: Minister of State for Finance Jayant Sinha said India needs to grow at 7-8 percent a year to...
SEBI expecting income surplus of over Rs 156 crore
New Delhi: The Security and Exchange Board of India is expecting an income surplus of more than Rs 156 crore...
HDFC Bank raises Rs 10,000 crore
Mumbai: HDFC Bank raised a Rs 10,000 crore by issuing a mix of NYSE-listed American Depository Receipts and placement of...
Oil increases 4% on Libya raid, expected boost in China demand
TRIPOLI: Crude prices closed up more than 4 percent as rising violence in producer Libya and an expected boost in...
Camden National Corporation announces net income of $6.1m with 38pc increase
CAMDEN, Maine: Camden National Corporation announced net income for the fourth quarter of 2014 of $6.1 million and diluted earnings...
Profits plunge by 41% to $254m: World’s 2nd largest truck maker Volvo cuts 1,000 jobs
STOCKHOLM: The world's second-largest trucks maker, Sweden's Volvo has posted fall in annual profits, which plunged 41 percent in 2014...
Oil prices fell to 50% from June 2014, oil exporting countries could face a $125b revenue loss
TRIPOLI: The over-50 percent decline in world oil prices from $115 a barrel in June 2014 to less than $60...
Highest monthly sales of Honda in January 2015, pushes 18331 units in domestic, 1369 in international markets
LONDON: Honda Cars India Ltd has declared record highest monthly sales in January 2015, pushing 18,331 units into the domestic...
EU to consider lifting fish import embargo on Sri Lanka
COLOMBO: The European Commission has offered Sri Lanka assistance to meet the regulatory requirements that would enable an early lifting...
Qatar expects 7% GDP growth in 2015: Finance Minister
DOHA: Qatar’s GDP growth in 2015 is expected to reach seven percent, with a stable annual inflation rate of three...
Volume of lending by commercial banks increases by 629.9m GEL to 13.0b
Tbilisi, Georgia: In December 2014, the volume of lending by commercial banks increased by 629.9 million GEL (5.1 percent) compared...
RBI doubles annual overseas investment ceiling to USD 2,50,000
Mumbai: The Reserve Bank of India doubled the annual overseas investment ceiling for individuals to USD 2,50,000. Meanwhile, foreign exchange...
BNY Mellon to provide services representing $46.3b in assets under administration
NEW YORK and FRANKFURT, Germany: BNY Mellon has signed an agreement with Deutsche Asset & Wealth Management (Deutsche AWM) to...
Sri Lanka tourism industry earns $2.48b revenue in 2014
COLOMBO: Sri Lanka’s tourism industry has generated a revenue of 2.48 billion US dollars, and surpassed the target of 1.5...
Qatar expects 7% GDP growth in 2015: Finance Minister
DOHA: Qatar’s GDP growth in 2015 is expected to reach seven percent, with a stable annual inflation rate of three...
Nigerian Customs confiscates 672 expired food Items
ABUJA: Nigerian Customs seized 672 expired imported supermarket food items. While handing over the goods, Deputy Director, Ports Inspection, National...
72 applications for small finance banks, 41 for payments banks: 113 entities approach RBI for licences
Mumbai: At least 113 entities have approached the Reserve Bank to seek licences for setting up payment or small finance...
