Larsen & Toubro Slapped With A ₹238.9 Crore Penalty
Indian conglomerate and one of India’s biggest companies, Larsen & Toubro has been fined ₹238.9 crore by the Qatar government. The government has said that the company’s declared income turned out to be more than what they had reported. The government did an assessment and came to this conclusion. The company has received this penalty…
Vipin Kumar
Google And Malaysia Join Hands For Digital Transformation
The landscape of technology in the world is changing every day, and Asia has emerged as one of the most important players. For this reason, many tech giants are investing in South Asian countries to develop infrastructure and boost the country’s economy. Adding on to this trend, Google and its parent company, Alphabet has announced…
Abdullah Ansari
Apple Agrees To Pay $25 Million In Settlements
The world’s biggest tech company, Apple Inc. will pay $25 million to the US Justice Department after the agency accused Apple of hiring immigrant workers over US citizens and green card holders for certain jobs. In a statement, the US Justice Department said that Apple did not hire US Citizens and permanent residents for certain…
Yash Sharma
Crude Oil Slips Continuously Amid Raging West Asian War
It has been almost 2 weeks since Israeli forces entered the Gaza Strip. With the war raging between Israel and Hamas, many experts expected oil prices to surge, but contrary to popular belief, the oil prices are slipping continuously. On Wednesday, oil prices fell almost 4% to a 3-month low with Brent crude oil selling…
Chandan Kumar
Tata Might Sell Their Home Appliance Company Voltas
One of the biggest home appliance companies in India, Voltas is in dire straits as its parent company, Tata Group is planning on selling the company citing extreme difficulty in upscaling the business because of steep competition within the market. Voltas is one of the oldest companies in Tata Group’s portfolio. It was founded in…
Shipra Prajapati
Adani’s Mundra Port Ships 16.1 MNT Cargo, Sets Record
India’s biggest port, Adani’s Mundra Port, has created history by shipping more than 16 MNT cargo in the month of October. Mundra Port is India’s biggest port and it’s a flagship port of Adani Ports and Special Economic Zone Ltd.(APSEZ). In a statement, APSEZ said that the Mundra port has shipped more than 100 MNT…
John David
Adani Group To Sell Adani Wilmar’s 43.97% StakeÂ
Adani group has made a big announcement, where it said that it will be selling its entire stakes in the food and beverage company Adani Wilmar. Adani Group has a 43.96% stake in the company, which is said to be finalised by next month. According to a report by the Economic Times, the conglomerate aims…
Apple To Manufacture iPhone In India After Revenue Gains
Apple is having their best year in India to date. With more than 2.5 million units sold, Apple has now surpassed Samsung and Xiaomi in terms of market share. Apple, Samsung and Xiaomi have a market share of 34%, 17% and 16.6% respectively. India is the second biggest smartphone market in the world and for…
Indonesia Lays Out Its Investment Plans For G7 Funding
In a step towards reducing its carbon emissions, Indonesia is all set to take the G7 investment deal. Indonesia aims to reduce its energy carbon emissions to 250 million tonnes and increase its share of renewable energy to 44% by 2030. This is a part of the G7 deal, JETP (Just Energy Transition Partnership). G7,…
Indonesia’s Economy Expected To Surpass Russia’s By 2026
The landscape of the global economy is changing every so often. Recently India surpassed the UK to become the 5th largest Nominal economy in the world. Now, according to the data from the IMF (International Monetary Fund) Indonesia is all set to surpass Russia to become the 6th largest economy in terms of PPP (Purchase…
