CNH Industrial, one of the world’s big players in industrial vehicle making, intends to invest more in India in spite of the slow economic growth that India market has shown recently. The company CEO Hubertus M. Muhlhauser expressed his intention to invest in the field of lower horsepower products over the next 5 years. “India […]
Japan business investment rises 1.9% in April-June quarter
The Ministry of Finance recently released its data, which showed that the capital expenditure raised by Japanese businesses in the 2nd quarter of 2019 is 1.9% year-on-year. The investment rise in plant and equipment is happening for the 11th quarter in succession, with the service sector at the top of financing. This economic growth by […]
Targeting fuel for the first time, U.S. and China add more tariffs: Prices Fall
Oil prices have weakened on Monday shortly after the U.S. and China imposed new tariffs. The new tariff development has raised concerns about a further hit in global oil prices. U.S. oil was down 2 cents at $55.083 a barrel, while Brent crude weakened 22 cents at $59.03 a barrel. In a bruising trade war, […]
US based Elanco will acquire Bayer veterinary arm for $7.6 billion
On Tuesday, Bayer AG announced that the US-based Elanco Animal Health has agreed to take over its Animal Health business. The transaction is said to have concluded at $7.6 billion and $2.3 billion in Elanco stocks and $5.3 billion in cash. Company shares fell about 4% in the morning. Elanco is involved in making antibiotics, […]
Renault India: Global launch of Triber on August 28
Renault India, the French automobile joint, is all set to introduce three new vehicles, including an electric vehicle by 2022. Venkatram Mamillapalle, country CEO and managing director of Renault India Operations, said that the global launch of Triber will happen on August 28, followed by a new model code-named HBC next year. It can be […]
90 additional days given to the US companies to sway away from Huawei
Recently, the Commerce Secretary of the United States, Wilbur Ross said that the US has allowed its companies to sustain their business with the Chinese telecommunications giant – Huawei, for an additional 90 days. This move is intended to give the rural telecommunications companies in the US more time to sway away from Huawei. Huawei […]
Flipkart continues to affect Walmart’s gross profit margins
In the second quarter of the FY20, the international unit of Walmart saw around 30% fall to $900 million in its operating profits, and the credit for this fall primarily goes to the inclusion of Flipkart. The retail giant also saw a fall by 1.1% to $29.1 billion in its net sales in its international […]
Roca ware to place India upfront in its global strategy
Roca group, a Spanish sanitaryware and bathroom firm, recently announced that India will play an important role in its global strategy in the coming years. In order to emphasize on Asia- Pacific revenue and to keep a balanced geographical distribution strategy, a kitty of ₹ 150 crores had been designated, as the USD 1.8-billion Group’s […]
USD 57.2 billion contributed by Indian IT Companies to American GDP in 2017
Addressing business leaders in Colorado, Denver, Harsh Vardhan Shringla, India’s Ambassador to the US stated that India-based global IT services companies hire more than 1,75,000 workers in the US. This accounts for 8.4 per cent of employment in the computer systems design and concerned services industry. In his address to State International Development Organization (SIDO) […]
Bangladesh’s earnest work culture facilitates foreign investment: Salman F Rahman
With Industrial revolution 4.0 in frame, Bangladesh becomes a potential prospect for huge foreign investment. The country’s work force is set to play essential part. Bangladesh is a country which comprises of a capable government with one robust vision, sound economic growth, an energetic workforce and an expanding domestic market. The nation has become a […]