You are here

Category: Business

Tesla’s China business is booming

Loknath Das, , , ,

Sacconaghi: Bullish on Tesla long-term  Thursday, 9 Mar 2017 | 12:20 PM ET | 05:46 Elon Musk’s Tesla is a growing player in China, where the global fight to develop electric, self-driving cars is raging hot. Hong-Kong traded Tencent, a company best known for its WeChat messaging app, disclosed in a Tuesday filing that it’s taken a 5 percent stake in Tesla for $1.78 billion. The investment follows Tencent’s new stake in taxi-hailing app Didi Chuxing, which can be accessed through WeChat. “I think Tencent likely wanted exposure to a company…

Read More

Idea, Vodafone India Announce Merger, To Be Biggest Telecom Operator In India

Loknath Das, , , , , , , , , ,

The combined entity of Vodafone India and Idea Cellular will have around 40 crore customers. Idea Cellular and the Indian unit of British telecom company Vodafone today announced a merger, creating the country’s largest telecom operator. The merger of Vodafone India (the second largest telecom operator in India) and Number 3 player Idea Cellular will create India’s largest telecom operator with around 40 crore customers or nearly one in every three customers in the country. The combined entity of Aditya Birla group’s Idea Cellular and Vodafone India will have the…

Read More

Reliance Communications Offers 1GB 4G Data At Rs. 49 To New Customers

Loknath Das, , , , , , , , , ,

New Delhi: Reliance Communications on Friday came out with a new offering that provides 1GB data to new 4G customers for Rs. 49 whereas 3GB data will be priced at Rs. 149 plus free, unlimited local and STD calls within its network. The plans under ‘Joy of Holi’ offer come with a 28-day validity. “With this launch, all new 4G customers of Reliance Communications will get… 1GB of data access offered at just Rs. 49 while 3GB of data access can be availed for only Rs. 149, along with free…

Read More

JPMorgan could move thousands of staff out of UK: Report

Srijita, , , , , , , ,

a JPMorgan Chase & Co could be forced to move thousands of staff out of Britain if the country loses its automatic right to sell financial services to the European Union after last month’s Brexit vote, bank CEO Jamie Dimon told an Italian newspaper. Currently, banks based in the UK can sell services freely across the EU under a “passporting” system, considered the most significant feature of the EU single market for financial firms. But that is now in doubt after Britons voted to leave the bloc. “The key issue…

Read More

Salary Disclosure Requirement ‘Non-negotiable’: Sebi To MFs

Srijita, , , , , ,

Mumbai: Refusing to budge on its directive for mandatory disclosure of pinnacle-control revenue with the aid of mutual budget, Sebi on Monday told them it’s far a ‘non-negotiable’ requirement and traders must be supplied date without any ‘more filters’. a few fund houses, inclusive of HDFC, Reliance and ICICI Prudential Mutual price range, these days started out publishing the earnings information for unit holders on their respective web sites as in step with the directive, however many others did no longer achieve this and desired the regulator to relax the…

Read More

Oil Jumps As Yuan Hits 2016 High; Investors Put Fresh Cash Into Oil

Srijita, , , , , , , , , , ,

Singapore: Oil prices jumped on Friday supported by fresh investment and a weaker dollar, which makes fuel cheaper for importers using other currencies, but analysts warned that a stronger price rally was premature as a global glut remained in place. U.S. crude futures were trading at $38.64 a barrel at 0749 GMT, up 80 cents and over 2 percent from their last close. Traders said reports that commodity merchant Gunvor was the latest company to export U.S. sweet crude also supported WTI prices. Brent crude futures were at $40.70 a…

Read More