Business

43 McDonald's Delhi Outlets to Shut Today, 1700 Will Lose Jobs

The closure, reckon marketing and branding experts, will hurt McDonald's, which has been sliding in India since it was dethroned by pizza brand Domino's from pole position in 2013 as the largest quick service restaurant (QSR) chain in the country.

Govt Cites The Bullet on Air India Privatisation

Arun Jaitley says the Union Cabinet has approved Air India disinvestment and will form a group under the finance minister to work out the modalities of the stake sale

Indian Angel Network Expands to Israel

Indian Angel Network has expanded its operations to Israel and will invest in areas like healthcare, agritech, cybersecurity and cleantech.

Tesco to Cut 1,200 U.K. And India Jobs

Tesco Plc said it’s cutting about 1,200 head-office jobs as the U.K. grocery leader adjusts to increasing cost pressures.

UK Promises Better Market Access to India After Brexit

UK Prime Minister Theresa May has shown much enthusiasm to sign a free trade agreement with India, which can happen only after Britain formally leaves the EU, expected in March 2019.

RBS to Cut Hundreds of UK Jobs in Move to India

Bank’s transfer of loans team to Mumbai brings loss of 443 jobs in Britain and condemnation by Unite over ‘cheap’ labour

Lawsuit Filed Against Infosys in US by Former Immigration Head

The lawsuit filed by Erin Green accuses Infosys of "discrimination" against non-South Asian employees.

50 Global Retailers to Enter India in 6 Months

Brands such as Korres, Migato, Evisu, Wallstreet English, Pasta Mania, Lush Addiction, Melting Pot, Yogurt Lab and Monnalisa, many from the US and Singapore, will invest about $300-500 million

Japan And India Challenging China in Africa

Japan and India’s strong bilateral networks are being channelled into Africa, where both countries are actively involved economically, politically and strategically.

Infosys Americas Head, Quits in Setback to Vishal Sikka

Vishal Sikka had recently entrusted Sandeep Dadlani with the additional responsibility of generating more business from Infosys’s new software solutions

What U.S. CEOs Can Learn from GM’s India Failure

General Motors, once the world’s largest car maker, has decided to stop selling vehicles in India by the end of 2017, since it considers its India operation to be not profitable.

How Patanjali Did What FMCG Majors Couldn't

The success of Patanjali has helped the entire Ayurvedic consumer products segment

India's Fintech Startups Are Flocking To Disrupt The UAE

India’s technology startup ecosystem has grown exponentially in recent years and now appears to have caught the eye of startup enthusiasts in the UAE.

Several Large, Mid-sized US Firms plan to Incrementally Invest in India

There is significant potential for cross border investments to India and China as large and medium sized US firms plan to incrementally invest in these Asian economies than in Western Europe

India's Engineering Students Are Facing Job Scare?

Machine learning: A chance for engineering students to look beyond software services

Apple is Making Old iPhones New Again to Win India

Apple is letting stores and online retailers such as Amazon.com Inc. and Flipkart Ltd. slash prices for retro models, a rare concession for a brand that carefully guards its high-end image.

Vijay Mallya Booed During India-South Africa Match

Fugitive businessman Vijay Mallya was heckled by cricket fans who chanted 'chor, chor' (thief, thief) as he arrived to watch the India vs South Africa Champions Trophy match at The Oval cricket ground.

Singapore Firms Urged to Make Most of India's Biggest Tax Reform

IE Singapore says that the GST rollout will provide ample opportunities despite initial teething problems

Infosys AGM Set For Rough Ride

The Infosys AGM will likely be a turbulent affair, with media reports suggesting that the company’s founders are looking to offload their stake in the company, ostensibly because they are fed up with a management that doesn’t listen to them.

India Signs Tax Super-Treaty With Some Reservations

India entered into a super-treaty that will overhaul the global tax ecosystem, but indicated reservations over recently negotiated tax treaties with Mauritius, Singapore and Cyprus.

UK Election Outcome to Increase Risks For India Inc

The result of UK election, which threw up a hung Parliament with the ruling Conservative party failing to muster a simple majority, will add to geopolitical uncertainty and increase risks for global businesses.

Big Jump in Visa Applications From India After E-visa Services implemented

The number of tourists from China and India has seen huge improvements after e-visa services were made available,

India Is Hot Location For US FDI

Donald Trump’s administration has made it a priority to get US companies to invest in their home nation rather than deploying capital and sending jobs abroad.

TCS' H-1B Visa Applications Now a Third of 2015 Levels

Tata ConsultancyBSE 0.11 % Services (TCS) applied for only a third of the H-1B work visas this year compared to 2015, helped by increased hiring from engineering campuses and B-schools in the US.

Germany Pushes For Post-Brexit EU Trade Deal With India

The European Union will be trying hard to land a prize that Britain is also aiming for post Brexit — a big free trade deal with India

Chinese Market Opening up For Indian IT Firms Amid Losses in US

Chinese cos are now seeking collaboration with Indian firms in analysing large blocks of data, and putting them to wider use.

British Airways Chief Denies IT Glitch Due to Outsourcing to India

Chief Executive of the British Airways Alex Cruz on Monday ruled out resigning over the crippling flight disruption and maintained that the computer glitch had nothing to do with cutting costs or outsourcing IT services to India.

How Indian IT Can Compete With Google And Facebook

The world's major societies are now wrestling with the enormous social power wielded by the internet's “platform companies“.

U.K. Woos Indian Start-ups to Compete Internationally

Twenty Indian tech start-ups have been named as the winners of the India Emerging 20 (IE20) programme.

UAE Hosts First Startup India Summit

It is climbing up to become number two by leading in tech innovation, to reach the next 6 Bn users.

Where Are The Jobs in India

India may be the world’s fastest growing major economy, but the benefits of that growth do not seem to be percolating down to the masses.

Donald Trump Blamed For Job Losses as India Tech Workers Face Cuts

In cities like Bangalore, Chennai, Pune, Hyderabad and Kolkata, thousands of engineers who have been axed or face dismissal are banding together on social networks and WhatsApp groups to decry Trump’s policies.

NRI Tourists Footfall Ups India's Ranking in International Arrivals

The decision of the Ministry of Tourism to count arrivals of Non-Resident Indians (NRI) tourists under a separate head has boosted the ranking of India in the United Nations World Tourism Organisation (UNWTO).

Majority of Employers Say H-1B Reforms Will Return Jobs to U.S.A.

A majority of employers say that President Donald Trump’s expected reforms to the H-1B foreign guest worker visa program will move jobs back to the U.S.

What Needs to be Done to Employ More Indians

There are no quick answers to creating jobs but the government in its fourth year realises the gravity of the situation.

Why General Motors Has Given up on The Indian Consumer

General Motors’ (GM’s) decision to stop selling cars in India this week is driven partly by global compulsions.

Africa Eyes $ 100 bn Bilateral Trade With India

The bilateral trade between India and Africa is expected to touch US $ 100 billion in the next two years.

Inside The Home of the Hindujas, UK's Richest Billionaires

Neighbours to the Queen, the Hindujas are also the wealthiest in all her kingdom

Indian-American Jailed For USD 33 Million Fraud In United States

Navin Shankar Subramaniam Xavier, a resident of Florida, was the former Chief Executive Officer of Essex Holdings, the company through which he carried out two fraud schemes.

General Motors Calls it Quits on Auto sales in Once-promising India

General Motors said it plans to stop selling vehicles in India and shed its operations in South Africa by the end of 2017, a move that continues the automaker's retreat from parts of the world where its profits were lagging so it can focus on profitable regions.

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