Sunday 27 May, 2018

Deal reached to sell Sahara’s New York Plaza Hotel for $600 million

New York, May 4 (IANS) A Dubai investment group and a New York real estate company have reached a deal to buy the majority stake owned by Subrata Roy’s Sahara Group in the New York Plaza Hotel for $600 million, according to media reports. The [...]

At $69 bn India highest recipient of remittances in 2017: World Bank

Washington/New Delhi, April 23 (IANS) India topped as the highest recipient of remittances globally in 2017, with its diaspora sending back $69 billion, a World Bank statement said here on Monday. “Remittance inflows improved in all [...]

Raghuraman Rajan named as possible candidate for Bank of England top job

London, April 23 (IANS) Raghuram Rajan, former Governor of the Reserve Bank of India, has been named as one of the possible contenders for the top job at the Bank of England (BoE), according to a report by UK-based Financial Times. “Attracting [...]

Demonetization was not well thought-out, useful exercise: Raghuram Rajan

New York, April 12 (IANS) Demonetization was not a well-planned or well thought-out useful exercise said Raghuram Rajan, ex-Governor of Reserve Bank of India, adding that the government was cautioned about it when the idea was mooted. “Demonetization [...]

At $40bn, Mukesh Ambani richest among 121 billionaires in India: Forbes

New York, March 7 (IANS) India has 121 billionaires — 19 more than last year — making them the third largest group of the ultra-rich after those from the US and China, according to Forbes, the business magazine that produces an [...]

Ambani scion Akash to be betrothed to diamantaire’s daughter Shloka?

Mumbai, March 4 (IANS) Wedding bells may soon be ringing in the country’s premier business family. According to reliable sources, Mukesh Ambani’s eldest son Akash may soon be betrothed to Shloka, the youngest daughter of Russell [...]

Google sued for ‘hiring discrimination’ against white, Asian males

San Francisco, March 3 (IANS) Google has been sued by a former YouTube employee for allegedly pressuring recruiters to only look for female and Latina applicants and that the video-sharing platform had last year stopped hiring White and Asian [...]

Part of Nirav’s money trail leading to Delaware, says ED source

New Delhi, Feb 27 (IANS) The Enforcement Directorate (ED), looking at the money trail related to jeweller-designer Nirav Modi, have found it leading to the Delaware state in the United States. “The agency is probing details of the operations [...]

Dr Reddy’s to defend against charges in US lawsuit

Hyderabad, Feb 19 (IANS) Dr Reddy’s Laboratories Inc, the US subsidiary of the Indian drug major, on Monday said it would defend against allegations made in a US securities class action lawsuit by a law firm on behalf of some investors. “As [...]

Apple announces $350 bn investments in US, delights Trump

Washington, Jan 18 (IANS) In a New Year gift to President Donald Trump, Apple has committed to invest $350 billion in the US over the next five years that includes creating 20,000 new jobs and an anticipated repatriation tax payments of $38 [...]