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Loeb's Third Point hedge fund targeting Nestle for strategic changes:  Bloomberg

channelnewsasia.com

Loeb's Third Point hedge fund targeting Nestle for strategic changes: Bloomberg

- REUTERS: Nestle SA , is being targeted by activist investor Daniel Loeb's hedge fund Third Point LLC, Bloomberg reported, citing people familiar with the matter. Loeb has recently bought a stake in the world's largest packaged foods maker as he seeks strategic changes in the company, Bloomberg said. Nestle said earlier this month that it may sell its US$900 million-a-year U

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Places: Asia |  S.E. Asia |  Mainland |  Singapore | 

RBS to cut 443 jobs in UK, move many of them to India

channelnewsasia.com

RBS to cut 443 jobs in UK, move many of them to India

- REUTERS: British lender Royal Bank of Scotland is planning to cut 443 jobs dealing with business loans and many of them will move to India, the bank said. The Edinburgh-based bank said the cuts were part of a restructuring aimed at becoming a smaller bank."We realize this will be difficult news for staff and we will do everything we can to support those affected," the bank said in a statement

Categories: Business | 
Places: Asia |  S. Asia |  India |  Singapore | 

Apple CEO Attends U.S. Business Leader Roundtable With Indian Prime Minister

macrumors.com

Apple CEO Attends U.S. Business Leader Roundtable With Indian Prime Minister

- Apple CEO Tim Cook joined top business leaders in a roundtable session with India's Prime Minister Narendra Modi on Sunday. As many as 21 high-profile chief executives of U.S. corporations attended the gathering in Washington, D.C., including Google's Sundar Pichai, Microsoft's Satya Nadella, and Amazon's Jeff Bezos (via ). Prime Minister Modi kicked off his U.S. visit by telling the CEOs that India's growth presented a "win-win" opportunity for both nations, referring to his government's attempts to improve the business climate, including a unified Goods and Services Tax (GST) that he hoped would encourage American companies to invest there

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Here's how Airtel users can get 30 GB additional data for three months

dnaindia.com

Here's how Airtel users can get 30 GB additional data for three months

- Postpaid customers through 'My Airtel app can get additional data benefit. India s largest mobile operator Bharti Airtel has said it will offer up to 30 GB of additional data for three months to its postpaid customers through 'My Airtel app. This is an extension of a similar offer the company had rolled out earlier this year, and comes amid a fierce tariff war unfolding in the Indian telecom market -- the second largest in the world -- with A subscriber base of over a billion customers

Categories: Business | 
Tags: Corporate |  Enterprises |  Customers | 
Places: Asia |  S. Asia |  India | 

RBS to cut over 400 jobs, shift many of them to India

dnaindia.com

RBS to cut over 400 jobs, shift many of them to India

- RBS said it was moving the jobs, which help handle loans for small businesses, as part of an ongoing cost-cutting drive British lender Royal Bank of Scotland said today that it is cutting 443 UK jobs dealing with business loans, and plans to shift many of the roles to India. The UK's largest government-owned bank said it was moving the jobs, which help handle loans for small businesses, as part of an ongoing cost-cutting drive

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Places: Asia |  S. Asia |  India | 

LIVE | Modi in US: PM meets top business leaders; Cook, Bezos and Pichai in attendance

dnaindia.com

LIVE | Modi in US: PM meets top business leaders; Cook, Bezos and Pichai in attendance

- LIVE | Modi in US: PM meets top business leaders; Cook, Bezos and Pichai in attendance - PM Modi meets top US business leaders.

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US lawmakers urge Trump to press India’s Modi on trade, investment hurdles

gulfnews.com

US lawmakers urge Trump to press India’s Modi on trade, investment hurdles

- Washington: Leading US congressmen have called on President Donald Trump to press Indian Prime Minister Narendra Modi to remove barriers to US trade and investment when they meet for the first time on Monday. The lawmakers, from the Republican and Democratic parties, said in a letter to Trump that high-level engagement with India had failed to eliminate major trade and investment barriers and had not deterred India from imposing new ones

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Tags: Politicians |  Economy |  Finance |  Trade |  Economics |  Investments |  Donald John Trump | 
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Price of essential commodities will not rise post GST: Nirmala Sitharaman

dnaindia.com

Price of essential commodities will not rise post GST: Nirmala Sitharaman

- Nirmala Sitharaman tries to allay fear of the public. Union Minister Nirmala Sitharaman today allayed fears over whether the prices of essential commodities would rise post implementation of Goods and Services Tax, saying no fresh rates would be imposed on those goods which already come under tax ambit. "There is no separate explanation to public and another for traders. It is all the same

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Tags: Markets |  Commodity Markets | 
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Banks have no liability for loss of valuables in lockers: RBI in RTI reply

dnaindia.com

Banks have no liability for loss of valuables in lockers: RBI in RTI reply

- According to banks, ' the relationship they have with customers with regard to lockers is that of lessee (landlord) and lessor (tenant)'. ' Do not expect any compensation for theft or burglary of valuables in safe deposit boxes of public sector banks as the locker hiring agreement absolves them of all liability. This bitter truth was disclosed in an RTI response by the Reserve Bank of India (RBI) and 19 PSU banks

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Royal Bank of Scotland to move hundreds of jobs to India

bbc.co.uk

Royal Bank of Scotland to move hundreds of jobs to India

- Royal Bank of Scotland is cutting 443 UK jobs dealing with business loans as it shifts many of the roles to India. The state-owned bank said it was moving the jobs, which help to handle loans for small businesses, as part of an ongoing cost-cutting drive. But it added that UK-based staff would continue to do the work that involved customer contact

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Current monetary policy stance is appropriate-CB

digathanews.com

Current monetary policy stance is appropriate-CB

- Current monetary policy stance is appropriate-CB Central Bank releasing the monetary policy review on Friday said it has decided to maintain current policy interest rates as the current monetary policy stance is appropriate. Accordingly, the Monetary Board has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank unchanged at 7

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Pakistani firm, contracted to Fiji election office, cleared of terrorism financing

radionz.co.nz

Pakistani firm, contracted to Fiji election office, cleared of terrorism financing

- Fiji's elections supervisor Mohammed Saneem says a Pakistani tech company awarded a contract by the Fijian Elections Office has been cleared of terrorism financing allegations. The Pakistani National Database and Registration Authority (NADA) won the job of developing an election management system for Fiji, amidst reports its officials provided terrorists with fake national identity cards. Mr Saneem told the Fiji Times these reports were speculative and said the company had passed an audit by an assessment team that included the New Zealand High Commission

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Online shopping vendors on rise: data

yonhapnews.co.kr

Online shopping vendors on rise: data

- SEOUL, June 25 (Yonhap) -- The number of online shopping vendors in South Korea has rapidly expanded, government data showed Sunday, reflecting the development of e-commerce transactions here. According to the data by the National Tax Service (NTS), some 151,000 businesses exclusively selling products or services through the Internet were registered as of end 2015, up 14.3 percent from a year earlier

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Tags: Markets |  Consumers |  Shopping |  Online shopping | 
Places: Asia |  N.E. Asia |  South Korea | 

RCI can shed more light on forex losses - Nation

thestar.com.my

RCI can shed more light on forex losses - Nation

- KUALA LUMPUR: A Royal Commission of Inquiry (RCI) can reveal more details on the foreign exchange (forex) losses suffered by Bank Negara (BNM) in the 1980s and 1990s, said Tan Sri Mohd Sidek Hassan. The chairman of the Special Task Force (STF) to probe the forex losses said the figure was greater than what was disclosed. However, the STF was unable to scrutinise further due to the limitations that it had, he said in an interview on Friday

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Tags: Markets |  Currency market | 
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Gartman: The oil bear market has turned crude into a ‘worthless’ commodity

cnbc.com

Gartman: The oil bear market has turned crude into a ‘worthless’ commodity

- Crude oil has officially entered a bear market, and Commodities king Dennis Gartman told CNBC the pain is far from over. In a recent interview, the editor and founder of The Gartman Letter said oil conglomerate OPEC was losing the war on oil, especially in light of the ascension of Saudi Arabia's new crown prince, Mohammed bin Salman. Crude oil is down nearly 20 percent in 2017, and is tracking for its biggest six-month drop since the late 1990s

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India's Infosys says reassessing long-term goals due tougher market

channelnewsasia.com

India's Infosys says reassessing long-term goals due tougher market

- Bengaluru: Infosys Ltd, India's second-biggest software services exporter, is re-evaluating its long-term targets because tougher market conditions have made them appear "daunting", the company's chairman said on Saturday. Infosys Chief Executive Officer Vishal Sikka had said earlier that the IT services company was likely to struggle to reach its ambitious US$20 billion revenue target by 2020 due to a challenging market environment

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Tags: Markets | 
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India's Infosys says reassessing long-term goals due to tougher market

reuters.com

India's Infosys says reassessing long-term goals due to tougher market

- Bengaluru Infosys Ltd, India's second-biggest software services exporter, is re-evaluating its long-term targets because tougher market conditions have made them appear "daunting", the company's chairman said on Saturday. Infosys Chief Executive Officer Vishal Sikka had said earlier that the IT services company was likely to struggle to reach its ambitious $20 billion revenue target by 2020 due to a challenging market environment

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Tags: Markets | 
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Australian sees Dubai as gateway to Gulf food markets

gulfnews.com

Australian sees Dubai as gateway to Gulf food markets

- Australian food producers see Dubai and its flagship Gulfood exhibition as a valuable gateway to the important strategic markets of the UAE and the Gulf, with some companies looking beyond to Africa and Europe, all of which complements the major Australian export markets in China and other Far Eastern countries. The Australian state of Victoria leads the way in the country’s food business since it produces 24 percent of Australia’s food exports from only 3 percent of the vast country’s total landmass

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  • Online shopping vendors on rise: data
    Online shopping vendors on rise: data

    , yonhapnews.co.kr

    SEOUL, June 25 (Yonhap) -- The number of online shopping vendors in South Korea has rapidly expanded, government data showed Sunday, reflecting the development of e-commerce transactions here. According to the data by the National Tax Service (NTS), some 151,000 businesses exclusively selling products or services through the Internet were registered as of end 2015, up 14.3 percent from a year earlier

     

    Categories: Business | 
    Tags: Markets |  Consumers |  Shopping |  Online shopping | 
    Places: Asia |  N.E. Asia |  South Korea | 

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Corporate

  • Here's how Airtel users can get 30 GB additional data for three months
    Here's how Airtel users can get 30 GB additional data for three months

    , dnaindia.com

    Postpaid customers through 'My Airtel app can get additional data benefit. India s largest mobile operator Bharti Airtel has said it will offer up to 30 GB of additional data for three months to its postpaid customers through 'My Airtel app. This is an extension of a similar offer the company had rolled out earlier this year, and comes amid a fierce tariff war unfolding in the Indian telecom market -- the second largest in the world -- with A subscriber base of over a billion customers

     

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