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Europe: Inflation is down; European Central Bank is in no hurry to make more rate cuts

Europe: Inflation is down; European Central Bank is in no hurry to make more rate cuts

Tue, Jul 02, 2024

The figure released Tuesday was down from 2.6 per cent in May, welcome news as inflation continues to fall from its peak of 10.6 per cent that robbed consumers of spending power and mired the European economy in months of near-zero growth.

Outside Europe, India most important market for Skoda, says CEO Klaus Zellmer

Outside Europe, India most important market for Skoda, says CEO Klaus Zellmer

Sun, Jun 30, 2024

The company, which currently sells models like Kushaq and Slavia in the country, aims to drive in an all-new compact SUV early next year hoping to almost double its sales volume in the market.

UiPath expands India footprint, launches 2 new data centres

UiPath expands India footprint, launches 2 new data centres

Wed, Apr 24, 2024

The launch of these data centres marks a significant landmark for UiPath Automation Cloud, providing both public and private sector entities with unparalleled opportunities for growth and innovation.

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Global Economy Week ahead: Hard left, hard right, or centre? French economy may decide

Global Economy Week ahead: Hard left, hard right, or centre? French economy may decide

Fri, Apr 14, 2017

If Donald Trump`s election in the United States and Britain`s decision to quit the European Union stirred the global economic waters, then there is the potential for a tsunami on the near horizon.

Tata Motors subsidiary to export Made-in-India robot to Europe

Tata Motors subsidiary to export Made-in-India robot to Europe

Sun, Apr 02, 2017

The BRABO can also complement human workforce by taking over dull, dangerous and monotonous jobs.

Tech Mahindra to buy US-based healthcare IT services & consulting firm The HCI Group

Tech Mahindra to buy US-based healthcare IT services & consulting firm The HCI Group

Tue, Mar 07, 2017

With an aim to strengthen its position in the healthcare service provider space, Tech Mahindra has announced to acquire the US-based healthcare IT services and consulting firm The HCI Group.

Peugeot to announce deal buy GM's Opel on Monday

Peugeot to announce deal buy GM's Opel on Monday

Sat, Mar 04, 2017

By acquiring Opel, PSA Group which owns Peugeot, Citroen and DS cars will leapfrog to become the second largest carmaker in Europe after Volkswagen.

Reckitt Benckiser to buy Mead Johnson Nutrition for $16.6 billion

Reckitt Benckiser to buy Mead Johnson Nutrition for $16.6 billion

Fri, Feb 10, 2017

Reckitt Benckiser has agreed to buy US baby formula maker Mead Johnson Nutrition for $16.6 billion which will help the company to increase its presence in developing markets

Unilever ends 2016 with fourth quarter sales growth below estimates in India, Brazil

Unilever ends 2016 with fourth quarter sales growth below estimates in India, Brazil

Thu, Jan 26, 2017

Unilever has reported below estimated sales growth for the fourth quarter (Q4) of 2016 in India and Brazil.

Here are top deals of Amazon's Great Indian Sale starting from January 20

Here are top deals of Amazon's Great Indian Sale starting from January 20

Fri, Jan 20, 2017

Amazon has announced 'Great Indian Sale' starting from Friday midnight bundled with discounts and offers on consumer electronics, home, FMCG, fashion and media products.

Britain will leave European Union's single market, PM Theresa May says

Britain will leave European Union's single market, PM Theresa May says

Tue, Jan 17, 2017

Britain will leave the EU`s single market when it exits the European Union (EU), Prime Minister Theresa May said on Tuesday, putting an end to speculation that London might try to seek a "soft Brexit".

Funding to VC-backed start-ups declines by 23% globally in Q4 2016

Funding to VC-backed start-ups declines by 23% globally in Q4 2016

Thu, Jan 12, 2017

The deal count for start-ups too dropped below 2,000 for the first time since Q4 2013.

Iran capitalises on OPEC oil cut to sell millions of barrels: Sources

Iran capitalises on OPEC oil cut to sell millions of barrels: Sources

Fri, Jan 06, 2017

Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalising on an OPEC output cut deal from which it is exempted to regain market share and court new buyers, according to industry sources and data.

83 IPOs hit Indian market, raised $3.8 billion in 2016: EY

83 IPOs hit Indian market, raised $3.8 billion in 2016: EY

Tue, Dec 27, 2016

India's IPO market recorded strong performance in 2016 with 83 IPOs raising $3.8 billion (nearly Rs 25,280.5 crore) this year, and the activity looks set to remain strong driven by a combination of high investor confidence and regulatory reforms, says an Ernst and Young (EY) report.

Gems, jewellery exports up 10% in April to November period of FY17

Gems, jewellery exports up 10% in April to November period of FY17

Wed, Dec 21, 2016

Exports of gems and jewellery grew by about 10% to $23.5 billion (nearly Rs 1,56,339.63 crore) during April-November period of the current fiscal, driven largely by rising demand in India's major export markets like the US and Europe.

US judge 'optimistic' for deal in 3.0-litre diesel Volkswagen case

US judge 'optimistic' for deal in 3.0-litre diesel Volkswagen case

Sat, Dec 17, 2016

A US federal judge overseeing the Volkswagen emissions scandal said on Friday he is optimistic about reaching an agreement for the last 80,000 vehicles affected in the United States (US). A new hearing has been set for Monday to review the German automaker`s proposals.

EU, Cuba sign pact to normalise relations

EU, Cuba sign pact to normalise relations

Mon, Dec 12, 2016

The European Union (EU) and Cuba on Monday signed a deal to normalise ties that had been blocked for decades by human rights concerns under revolutionary icon Fidel Castro.

Growth in global coal demand to slow over next five years: IEA

Growth in global coal demand to slow over next five years: IEA

Mon, Dec 12, 2016

Growth in global coal demand will slow over the next five years due to lower consumption in China and the United States (US) and as renewable energy sources gain ground, the International Energy Agency (IEA) said on Monday.

Qantas to operate non-stop flights from Australia to London

Qantas to operate non-stop flights from Australia to London

Mon, Dec 12, 2016

Qantas plans to operate non-stop flights from Perth to London, the world`s first regular passenger service linking Australia directly to Europe in a move hailed by tourism groups on Monday.

Stronger US spending under Donald Trump could help Israel, says Bank of Israel's chief

Stronger US spending under Donald Trump could help Israel, says Bank of Israel's chief

Mon, Dec 12, 2016

Bank of Israel Governor Karnit Flug said on Sunday that an expansion of US spending once Donald Trump takes office could benefit Israel`s economy.

Delivery Hero acquires Rocket Internet-backed startup Foodpanda

Delivery Hero acquires Rocket Internet-backed startup Foodpanda

Sat, Dec 10, 2016

Berlin-based online food takeaway service Delivery Hero, one of Europe`s biggest start-ups, will acquire competitor Foodpanda, a sign of further consolidation to fend off new competition in Europe`s sought after food-delivery business.

Saudis order oil cuts to US, Europe before non-OPEC talks

Saudis order oil cuts to US, Europe before non-OPEC talks

Sat, Dec 10, 2016

Saudi Arabia has told its US and European customers it will reduce oil deliveries from January, as Russia said it was confident non-OPEC producers would fully join OPEC`s output limits on Saturday in the first such move since 2001.

Eurozone agrees debt relief for Greece amid IMF row

Eurozone agrees debt relief for Greece amid IMF row

Tue, Dec 06, 2016

Eurozone finance ministers on Monday approved new debt relief measures to alleviate Greece`s colossal debt mountain in the wake of its huge 86-billion-euro bailout, but at levels far short of those demanded by the International Monetary Fund (IMF).

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