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.
Cyprus Customs confiscate €500,000 from Greek businessman
NICOSIA: Cyprus Customs have seized €500,000 from a Greek businessman who had arrived in Cyprus from Greece, carrying the money...
108.3% increase: Qatar’s GIS earns record profit of QR1.4b in 2014
DOHA: Gulf International Services (GIS), the largest services group in Qatar, recorded a net profit of QR1.4bn for the full-year...
Qatar’s five-year foreign investments reach QR500bn
DOHA: Qatar has invested an estimated QR477bn abroad over the past five years. The size of Qatar’s foreign investments amounted...
Watercraft tools mostly used to smuggle people illegally in USA
NEW YORK: The number of watercraft tools such as Jet Skis and WaveRunners are mostly preferred way to smuggled people...
Bulgarian Customs confiscates 2.5 Kg of Cocaine worth BGN 3m at Sofia Airport
SOFIA: The National Customs Agency of Bulgaria seized 2.5 kilograms of cocaine worth BGN 3m of very high purity at Sofia International Airport....
Pertamina aims to import 201 million barrels of fuel in 2015 with 23.4pc increase in fuel imports
NEW YORK: Pertamina, the state oil and gas company, aims to import 201 million barrels of fuel in 2015, according...
Sales of General Motors India fall 16.01% to 4,667 units
NEW DELHI: The sales of General Motors India fell 16.01 per cent at 4,667 units in January against 5,557 units...
LIC buys 4.51% stake in Coal India’s Rs22,558 crore divestment
NEW DELHI: Life Insurance Corporation (LIC) has bought half of the shares on offer in the Coal India's Rs 22,558...
Sales of Hero Moto Corp drops 0.4% to 558,982 units
NEW DELHI: The largest motorcycles and scooters maker of India Hero Moto Corp Ltd said that its sales in January...
WSJ: Tronox Limited to buy FMC’s soda-ash unit for more than $1.5 billion
SYDNEY: Tronox Limited, a diversified chemical maker to buy a soda ash business from rival FMC Corporation for more than...
Brent crude oil falls below $55 per barrel from $116 per barrel in six months
LONDON: The plunge in oil prices is double-edged as miners benefit from reduced production costs in the short term, but...
President Mahama: Ghana expects deal with IMF by end of March
ACCRA: President John Mahama said Ghana expects to secure a financial assistance deal with the International Monetary Fund (IMF) by...
India’s Purchasing Managers’ Index falls to 3-month low in Jan
NEW DELHI: The factory activity growth of India has slipped in January from December’s two-year high as the rates have...
Oil prices decline in Asia, West Texas Intermediate for March delivery falls $1.35 to $46.89
LONDON: Oil prices declined in Asia as dealers got profits from steep gains. US benchmark West Texas Intermediate for March...
Bank of Baroda announces 68.1 percent fall in net profit
Mumbai: Bank of Baroda announced a whopping 68.1 percent fall in net profit at Rs 334 crore in the December...
Vodafone in India paid Rs 22,300 cr to public finances in FY14
New Delhi: Vodafone said its Indian arm has contributed over 2.2 billion pound (about Rs 22,300 crore) to public finances,...
Tech Mahindra announces 20.25pc drop in its December quarter net
Mumbai: Tech Mahindra announced a 20.25 percent drop in its December quarter net at Rs 805.3 crore due to currency...
Whirlpool of India quarterly net up 48% at Rs 31.54
New Delhi: Whirlpool of India is targeting up to 15 percent revenue growth in the current fiscal on the back...
SC moved against hike in GST by 10pc on POL products “in violation of Article 73 (2)(a)”
ISLAMABAD – Against increase in the General Sales Tax (GST) on all petroleum products by 10 percent announced on January...
Less than 1% for 2nd consecutive month: S Korean inflation remains low, consumer prices rises by 0.8%
SEOUL: Due to ongoing plunging oil prices, South Korea's inflation rate grew just less than one percent for the second...
