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Wednesday, July 15, 2020
Business

Business

Orders for Pernod, Diageo dry up from India: report

Pernod Ricard and Diageo, two of the world's biggest spirit makers, have stopped receiving orders for their imported brands from India's defence canteen stores...

EESL to invest £150 million in UK, Ireland this year

INDIAN energy firm Energy Efficiency Services Limited (EESL), a joint venture of PSUs under the Ministry of Power, will invest £150 million in the...

Karam Hinduja is the new CEO of Hinduja Bank

Karam Hinduja, 29, the grandson of Srichand Hinduja, has been appointed as the new CEO of  the family's Geneva-based Hinduja Bank. He succeeds Gilbert...

Poundstretcher to close more stores following ‘financial review’

HIGH STREET discounter Poundstretcher will ‘close a quarter of stores’ following a review its finances by KPMG. It has already closed around 30 stores...

Bangladeshi business leaders express fear over relaxing lockdown curbs

BANGLADESHI business leaders have ex­pressed fears over the relaxing of lock­down measures and restaurants reopen­ing in July after it emerged they are twice as...

World to witness worst recession in 150 years due to Covid-19: World Bank

THE Covid-19 pandemic inflicted a "swift and massive shock" that has caused the broadest collapse of the global economy since 1870 despite unprecedented government...

Bharti Airtel increases stake in Bangladesh-based telco Robi Axiata

Bharti Airtel Ltd on Tuesday said its wholly-owned subsidiary Bharti International (Singapore) Pte Ltd has bought an additional 6.3% stake in Bangladesh’s second largest...

FDI from Cayman Islands to India reached $3.7 billion in FY20

INDIA attracted $3.7 billion Foreign Direct Investment (FDI) from from Cayman Islands in 2019-20, according to the Department for Promotion of Industry and Internal...

JLR raises $705 million loan from Chinese banks

Jaguar Land Rover (JLR), owned by India’s Tata Motors, has entered into agreements with lenders in China for an unsecured 3-year term loan facility...
Mobile internet usage in India

Abu Dhabi Investment Authority invests in Reliance Jio

INDIAN oil-to-telecoms conglomerate Reliance Industries has said that the Abu Dhabi Investment Authority (ADIA) will buy 1.16 per cent of its digital unit Jio...