Taiwan took the center stage in the talks between global defense chiefs at the Shangri-La Dialogue in Singapore. China says it will fight to the very end if Taiwan made the move towards independence, while the U.S. accused Beijing for trying to unilaterally change the status quo over the island. Stephen Engle reports on Bloomberg Television.
SEOUL — South Korea’s exports for the first 10 days of June shrank 12.7% from the same period a year before, customs agency data showed on Monday. Read More
Aided by better compliance, higher commodity prices and revival of economic activities, the Centre’s net tax revenue in the current financial year may be around Rs 20.62 trillion, Rs 1.28 trillion or 6.6% more than the budget estimate (BE) of Rs 19.34 trillion, according to the analysts. Buoyancy in the gross tax revenue (GTR) could […]
Chinese technology major Tencent has bought a stake worth $264 million (Rs 2,060 crore) in Walmart-owned Flipkart from co-founder Binny Bansal, through its European subsidiary, according to a news item first broken by news agency PTI. Binny Bansal holds around 1.84% stake in Flipkart after selling part of his stake to Tencent Cloud Europe BV. […]
Commerce and industry minister Piyush Goyal on Sunday asked the World Trade Organisation (WTO) to find a permanent solution to the long-pending issue of public-stockholding for food security. In his intervention at the plenary session of the WTO’s 12th ministerial conference (MC) in Geneva, he also asked advanced fishing nations to take on the responsibility […]
External commercial borrowings (ECBs) by corporate India declined sharply to $312 million in April, compared with a little over $5 billion in March and generally elevated levels for many months through the last two financial years (see chart). A prolonged regime of very low interest rates that prevailed in the developed economies had given a […]
India Inc’s dividend outgo hit a record Rs 3.3 trillion in FY22, translating into a payout ratio of 37.6%. The sharp rise in payouts was largely because state-owned banks resumed distributing dividends after a gap of six years and other CPSEs and top IT players too became more generous with payouts on improved profitability. Top […]
Dragons’ Den star Hilary Devey has died aged 65 after battling a ‘long illness’, her publicist confirmed today. The Bolton-born multi-millionaire entrepreneur passed away at her holiday home in Morroco on Saturday night. She joined BBC Two programme Dragons’ Den in 2011 and left in 2012, going on to present Channel 4’s The Intern. Hilary, […]
Ukraine remains in control of the Azot chemical plant in Sievierodonetsk where hundreds of civilians are sheltering amid bitter fighting, the region’s governor said on Saturday, after a Russia-backed separatist claimed 300 to 400 Ukrainian fighters were also trapped there. Read More