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Business News and Finance News Headlines on Economy, Industry

Kia launches Seltos in India for Rs 9.69 lakh

rediff Business - Thu, 08/22/2019 - 12:09
Kia has entered the Indian market at a time when the domestic automotive industry is facing the worst slowdown in more than two decades.

Amazon's new Hyderabad campus is its largest globally

rediff Business - Thu, 08/22/2019 - 12:09
Amazon's single largest building is also the single largest building in Hyderabad city. Spread over 9.5 acres, this multi-storied building comprises of 290 conference rooms, casual and collaborative work spaces that will house 15,000 employees, along with private areas, interfaith prayer rooms, mothers room, quiet rooms, showers, unisex rest rooms and a huge cafeteria besides a helipad on the building roof.

Maruti Suzuki seeks better lending terms for dealers

rediff Business - Thu, 08/22/2019 - 12:09
Lenders have become worried as some dealers were not using the money provided to them for car financing.

As supply slumps, onions prices rise by up to 76%

rediff Business - Thu, 08/22/2019 - 12:09
The crop is currently trading at Rs 22 a kg compared to Rs 12.50 one month ago.

PC: 'Probe points to irregularities in 4 other firms'

rediff Business - Thu, 08/22/2019 - 12:09
Apart from INX Media and Aircel-Maxis, the four other firms which are under the scanner are Diageo Scotland, Essar Steel, Katara Holdings and Elforge Ltd. These firms were granted FIPB approval when Chidambaram was the FM, reports Shrimi Choudhary.

'PSBs are sitting on liquidity, but are not lending'

rediff Business - Thu, 08/22/2019 - 12:09
'What will help deposits grow is lending by State-owned banks. They have loan-to-deposit ratio of 65 per cent. For private banks, it is 85-90 per cent. However, if 65 per cent of the system does not lend, then you don't see the money multiplier work.'

Just how bad is the slowdown in automobile sector?

rediff Business - Thu, 08/22/2019 - 12:09
Never since the turn of the millennium have things gone awry to this extent for the industry, reports Abhishek Waghmare.

What makes India a hotspot for global oil firms

rediff Business - Thu, 08/22/2019 - 12:09
Experts say local demand, government policies in retail and refining sector are attracting foreign players.

Uncertainty looms over renewal of mining leases

rediff Business - Thu, 08/22/2019 - 12:09
Iron ore deposits in the Donimali mine are estimated at 143 million tonnes and worth around Rs 40,000 crore. NMDC had leased the mine in 1968 for a period of 50 years. The lease expired on November 3, 2018.

Ryanair flights take off despite pilots' strike

BBC News - Business - Thu, 08/22/2019 - 11:59
UK pilots at the airline have begun a two-day walkout in a row over pay and conditions.

Spotify extends Premium free trial to three months worldwide

Admiral Quixote's Roundtable - Thu, 08/22/2019 - 11:46
Earlier this month, the company announced it has hit 232 million monthly active users globally, which is a 29 per cent increase year-on-year

Sundaram MF withdraws DHFL side-pocket, says not in-line with Sebi norms

Admiral Quixote's Roundtable - Thu, 08/22/2019 - 10:35
Proposal was not in-line with Sebi norms on creating a separate portfolio for affected asset

Thyssenkrupp moves court over EU's veto against Tata Steel joint venture

Admiral Quixote's Roundtable - Thu, 08/22/2019 - 10:33
The complaint to the General Court of the European Union - seen as a symbolic move - comes after the Commission in June vetoed plans to create Europe's second-biggest steelmaker

Banks condemn Hong Kong violence in newspaper adverts

BBC News - Business - Thu, 08/22/2019 - 09:52
Businesses are coming under increased political pressure after months of protests in Hong Kong.

L&T consortium bags offshore jacket installation project from Saudi Aramco

Admiral Quixote's Roundtable - Thu, 08/22/2019 - 09:40
Larsen & Toubro on Thursday said a consortium of its arm LTHE, and EMAS AMC PTE Ltd has been awarded a project by Saudi Aramco for offshore jackets. The project is for installing 28 offshore jackets in Zuluf, Marjan, Sfaniya and Ribyan offshore fields of Saudi Arabia, as per a BSE filing by L&T. "Consortium of L&T Hydrocarbon Engineering Ltd (LTHE) and EMAS AMC PTE Ltd (a subsea7 company) has been awarded a project by Saudi Aramco," it said. LTHE is a subsidiary of L&T and is based in Mumbai. The award demonstrates Saudi Aramco's trust on LTHE's capability to deliver to a challenging schedule with excellent safety and quality performance, it said. LTHE's fabrication facilities in the Middle East and India are fully equipped to execute these challenging projects, the company added. subsea7 is a Luxembourg-based offshore projects delivering company.

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