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Classic 650 Spotted, India Launch Imminent

Classic 650 Spotted, India Launch Imminent

Mon, Sep 23, 2024

The Royal Enfield Classic 650 has been spotted in the UK, indicating a potential launch in India soon.

Malabar Gold opens 2nd store in UK, eyes further expansion

Malabar Gold opens 2nd store in UK, eyes further expansion

Thu, Jul 04, 2024

The 2,000-square-foot store, located on Belgrave Road's Golden Mile, was inaugurated by Leicester City Mayor Peter Soulsby. It showcases over 20,000 jewellery designs from 20 countries, catering to various wear categories including bridal and office, the company said in a statement.

UK's Travis Perkins profit drops 39% in 2023 on weak housing market

UK's Travis Perkins profit drops 39% in 2023 on weak housing market

Tue, Mar 05, 2024

The company, which operates in the UK, France, Belgium and Netherlands, forecast 2024 adjusted operating profit in the range of 160 million pounds to 180 million pounds.

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Artificial intelligence adoption driving revenue growth for businesses: Infosys

Artificial intelligence adoption driving revenue growth for businesses: Infosys

Tue, Jan 17, 2017

Artificial intelligence (AI) will play fundamental role in the success of an organisation's strategy but stringent ethical standards are also needed to ensure the success of the new technology, a report by Infosys said on Tuesday.

Tata Steel offers to pay millions for pension scheme revamp

Tata Steel offers to pay millions for pension scheme revamp

Fri, Jan 13, 2017

Tata Steel Ltd has offered to pay hundreds of millions of pounds to its pension scheme to release a guarantee the fund holds over its Dutch assets, as the Indian firm moves closer to merging its European assets with Germany`s Thyssenkrupp , the Financial Times reported.

India registers nearly 57% rise in foreign tourists under e-Tourist Visa scheme in December

India registers nearly 57% rise in foreign tourists under e-Tourist Visa scheme in December

Wed, Jan 11, 2017

India has registered nearly 57% growth in foreign tourists arrival under its e-Tourist Visa scheme in December last year.

Demonetisation may pull down India's near-term economic growth

Demonetisation may pull down India's near-term economic growth

Fri, Jan 06, 2017

With India's GDP growth expected to slow down to 7.1% during 2016-17 from 7.6% in the previous fiscal, India Inc on Friday said further downward risks to growth prevail as demonetisation may pull down economic growth in the next one or two quarters.

Companies must drop retro tax cases to avail settlement scheme: CBDT

Companies must drop retro tax cases to avail settlement scheme: CBDT

Sun, Dec 25, 2016

Vodafone, Cairn Energy and other firms facing retrospective tax demand will have to withdraw legal cases and give up the right to contest constitutional validity of back-dated amendment to Income Tax (I-T) laws if they want to avail of the dispute resolution scheme ending on December 31.

Services to form 25% of global trade by 2030: HSBC

Services to form 25% of global trade by 2030: HSBC

Sun, Dec 18, 2016

As economic and political headwinds slow global trade in commodities and manufactured goods, opportunities linked to services will be more and are expected to form 25% of global trade in a sustained manner by 2030, a report by HSBC has said.

Govt expects high FDI inflow momentum to continue in 2017

Govt expects high FDI inflow momentum to continue in 2017

Fri, Dec 16, 2016

Pinning hopes on a slew of foreign direct investment (FDI) reforms unveiled by the government in 2016, the government expects that the momentum of high FDI inflows will continue in the new year. FDI inflows in January-September jumped 21% to $32.18 billion.

Fitch affirms British debt rating, outlook negative

Fitch affirms British debt rating, outlook negative

Sat, Dec 10, 2016

The Fitch ratings agency on Friday affirmed the AA long-term debt rating and negative outlook for the United Kingdom (UK) and the Bank of England (BoE), when they have been since June.

Rupert Murdoch's Twenty-First Century Fox bids $14 billion for UK's Sky

Rupert Murdoch's Twenty-First Century Fox bids $14 billion for UK's Sky

Sat, Dec 10, 2016

Rupert Murdoch`s Twenty-First Century Fox Inc has struck a preliminary deal to buy the 61% of British pay-TV firm Sky Plc it does not already own for around $14 billion, five years after a political scandal wrecked a previous bid.

Australia's economy slows 0.5% in September quarter as government spending falls

Australia's economy slows 0.5% in September quarter as government spending falls

Wed, Dec 07, 2016

Australia`s economy contracted for just the fourth quarter in 25 years, official data showed on Wednesday, slowing the annual growth rate to 1.8% amid weaker government and consumer spending on top of softer trade figures.

Support for economic system 'under threat', says BoE's Mark Carney

Support for economic system 'under threat', says BoE's Mark Carney

Tue, Dec 06, 2016

Bank of England (BoE) governor Mark Carney on Monday warned the public was losing faith in the current economic system, urging economists to acknowledge those who have lost out from globalisation.

Amazon launches 'Launchpad' in India; will support Indian startups

Amazon launches 'Launchpad' in India; will support Indian startups

Tue, Dec 06, 2016

E-commerce giant Amazon on Monday rolled out its global programme 'Launchpad' in India to provide startups in the country a platform to market, sell and deliver products across the globe.

Tata Steel closes in on UK plant deal: Report

Tata Steel closes in on UK plant deal: Report

Mon, Dec 05, 2016

Tata Steel is edging closer to a deal with UK steel workers' unions to keep its troubled Port Talbot plant, the country's largest in south Wales, open until at least 2020, a media report said today.

UK targets private firms with corporate governance controls

UK targets private firms with corporate governance controls

Tue, Nov 29, 2016

The British government is set to unveil proposals on Tuesday to introduce corporate governance rules for large privately-owned companies, following the widely-criticised collapse of retailer BHS.

Tata Steel, Thyssenkrupp looking at reducing Port Talbot's capacity

Tata Steel, Thyssenkrupp looking at reducing Port Talbot's capacity

Tue, Nov 29, 2016

Tata Steel and Thyssenkrupp are looking at reducing the size of Britain`s largest steel plant in Port Talbot, Wales, industry sources said, as the two firms press ahead with plans to merge their European steel operations and deal with the overcapacity afflicting the industry.

Kingfisher House to go on auction for 3rd time on Dec 19, reserve price at Rs 115 crore

Kingfisher House to go on auction for 3rd time on Dec 19, reserve price at Rs 115 crore

Sat, Nov 26, 2016

The 17-lender consortium to the defunct Kingfisher Airlines has again put on sale its erstwhile headquarters, Kingfisher House, but with a 15% reduction in the reserve price.

Facebook to open new London HQ, create 500 new UK jobs

Facebook to open new London HQ, create 500 new UK jobs

Mon, Nov 21, 2016

Facebook will open a new London headquarters next year and create another 500 jobs, the leading social network said Monday, despite uncertainty over Brexit.

UK real estate giants fall into red on Brexit

UK real estate giants fall into red on Brexit

Wed, Nov 16, 2016

Real estate giants British Land and Land Securities sank into the red in the first half of 2016, partly hit by sliding commercial property prices after the shock Brexit vote.

Marks and Spencer to shut over 100 stores in overhaul

Marks and Spencer to shut over 100 stores in overhaul

Tue, Nov 08, 2016

British retailer Marks and Spencer (M&S) said on Tuesday it will shut more than 100 stores, among them many foreign shops including its Champs Elysees branch in Paris, in order to cut costs after posting a first-half loss.

Raid on 20,000 Tesco Bank accounts fuels UK cybercrime fears

Raid on 20,000 Tesco Bank accounts fuels UK cybercrime fears

Tue, Nov 08, 2016

Tesco Bank, owned by Britain's biggest retailer Tesco, halted all online transactions on Monday after money was stolen from 20,000 accounts in the country's first such cyber heist.

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