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Middle East

Tata Motors Unveils First AMT Truck

Tata Motors Unveils First AMT Truck

Tue, Nov 19, 2024

Tata Motors has introduced its first Automatic Manual Transmission (AMT) truck in Saudi Arabia, marking a significant step in the company’s expansion into the Middle Eastern market. The new truck combines the efficiency of manual transmission with the ease of automatic control, aimed at improving driver comfort and operational efficiency. This move highlights Tata Motors’ commitment to meeting the evolving needs of the logistics and transportation sectors in the region.

Israel's Netanyahu warns that Lebanon may face destruction and comments on Nasrallah's successo

Israel's Netanyahu warns that Lebanon may face destruction and comments on Nasrallah's successo

Wed, Oct 09, 2024

Israeli PM Netanyahu on October 08 updated on the killing of the presumed Hezbollah successor Hashem Safieddine.

Central government has tools to deal with volatile crude oil rates, says official

Central government has tools to deal with volatile crude oil rates, says official

Fri, Oct 04, 2024

India is bound to be impacted by the spillover impact of global developments, a central government official has said.

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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.

Indian Oil expects crude processing to edge up in 2017-18 despite maintenance work at some plants

Indian Oil expects crude processing to edge up in 2017-18 despite maintenance work at some plants

Tue, Feb 07, 2017

Indian Oil Corporation has said that its crude processing for 2017-18 will inched up despite planned maintenance at some plants.

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.

Oil surges as non-OPEC, OPEC producers agree on output cuts; dollar strong

Oil surges as non-OPEC, OPEC producers agree on output cuts; dollar strong

Mon, Dec 12, 2016

Oil prices jumped more than 5% on Monday after OPEC and non-OPEC producers agreed to curb oil output and ease a global glut, while the US dollar extended gains ahead of an expected rate hike this week.

Global IT spends to rise to $1.25 trillion by 2017: Report

Global IT spends to rise to $1.25 trillion by 2017: Report

Tue, Nov 08, 2016

T services, for instance, will see a 4.1% growth in 2017 from a 3.8% growth expected in 2016. While software spending will grow by 6.8% in 2017 from 6% growth in spends in 2016.

Zain to pay Bharti Airtel nearly Rs 858 crore in Africa business sale settlement

Zain to pay Bharti Airtel nearly Rs 858 crore in Africa business sale settlement

Thu, Nov 03, 2016

Zain, Kuwait's number one telecom operator by subscribers, on Thursday, said it will pay $129 million (nearly Rs 858.20 crore) to Bharti Airtel over a settlement related to the sale of Zain's Africa operations to the Indian firm in 2010.

Ericsson warns on Q3 profit as network sales dive

Ericsson warns on Q3 profit as network sales dive

Wed, Oct 12, 2016

Ericsson, the world's biggest maker of mobile network equipment, said on Wednesday its third-quarter (Q3) profit plunged to just a fraction of analysts' forecasts, with sales in its core networks division slumping nearly 20%.

Nissan to launch eight new car models in India by 2021, executive says

Nissan to launch eight new car models in India by 2021, executive says

Thu, Oct 06, 2016

Nissan Motor Co Ltd plans to launch eight new car models in India by 2021, a senior company executive said on Thursday, adding the company would make the country a base to export cars to Africa and the Middle East.

L&T's construction arm bags orders worth Rs 6,024 crore; stock up 1.33%

L&T's construction arm bags orders worth Rs 6,024 crore; stock up 1.33%

Mon, Oct 03, 2016

L&T Construction announced on Monday that it has won orders worth Rs 6,024 crore across its various business segments.

Crude oil falls towards $49 per barrel on high output, strong dollar

Crude oil falls towards $49 per barrel on high output, strong dollar

Mon, Aug 29, 2016

Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East organisation of OPEC members and as a stronger US dollar weighed on commodities.

Oil prices edge up on potential producer action to prop up market

Oil prices edge up on potential producer action to prop up market

Mon, Aug 15, 2016

Oil prices rose on Monday to fresh highs for the month of August, with the Brent benchmark gaining 11% since the start of the month, as speculation intensifies about potential producer action to support prices in an oversupplied market.

Keeping close watch on Brexit, turmoil in Middle East, oil prices: Jayant Sinha

Keeping close watch on Brexit, turmoil in Middle East, oil prices: Jayant Sinha

Thu, Jun 16, 2016

On the possible outcome of the UK vote, Sinha said, "It (opinion polls) is showing that it will be a close call."

Global economies could shrink drastically by mid-century due to water scarcity: World Bank

Global economies could shrink drastically by mid-century due to water scarcity: World Bank

Wed, May 04, 2016

The Middle East could be hardest hit, with its gross domestic product slipping as much as 14% by 2050 unless measures are taken to reallocate water significantly

Oil prices dip on rising Middle East supply

Oil prices dip on rising Middle East supply

Tue, May 03, 2016

"Energy was weaker. Concerns over rising OPEC supply were raised after Iraq announced it had shipped 3.36 million bpd in April," ANZ bank said

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