India’s global rank in the World Bank’s annual Doing Business ranking came in at 130 out of 190 countries. It has moved up only one notch since last year. To that extent this progress is disappointing. The improvement in this global rank has been a rallying cry of the government, ... Read More »
Microsoft announced major updates to its software and product line at the Microsoft Windows 10 Event Wednesday, unveiling its entry into the desktop computer hardware market with a powerful, professional-level product called Surface Studio. Trademark filings linked to Microsoft show a lengthy list of additions to the Surface name, so ... Read More »
Oil output from Texas, the No. 1 producer in the country, for August, the last full month for which data are available, was higher than last year, data show. The Railroad Commission of Texas, the state energy regulator, reported preliminary production of crude oil averaged 2.4 million barrels per day, ... Read More »
Google parent company Alphabet announced Tuesday it planned to pause expansion of its high-speed fiber optic internet network and shrink the number of people working on the project. Google Fiber will continue to be available in all cities it has been rolled out to, including those where it has already ... Read More »
Saab on Tuesday announced changes to the company’s organization and group management, including a new naval business area named Nautics. The changes will take effect on Jan. 1, the company said in a statement. Saab Kockums, which oversees naval technology, will become its own business area and be re-dubbed Nautics. ... Read More »
Enthused by speedy recovery of loans worth $2.5 billion by three lenders, including ICICI Bank, within days of a mega $13-billion Essar deal, banks are now looking at the resolution of stressed assets totalling about 1.50 lakh crore in the coming months. Having broadly completed the first two stages of ... Read More »
The Centre will provide higher a subsidy to airlines that operate flights between two regional airports under the regional connectivity scheme. It will also allow airlines to transfer its rights or contract to get the subsidy from the government and fly on regional routes to another airline operating a similar ... Read More »
The Centre is planning to monitor flights landing at regional airports remotely instead of constructing new traffic control towers near such airports in a bid to cut costs, an official said. Flights landing at regional airports will receive instructions from an air traffic control officer who might be sitting miles ... Read More »
Today’s executives are dealing with a complex and unprecedented brew of social, environmental, market, and technological trends. These require sophisticated, sustainability-based management. Yet executives are often reluctant to place sustainability core to their company’s business strategy in the mistaken belief that the costs outweigh the benefits. On the contrary, academic ... Read More »
Electronics major Samsung has lately been dealing with one of its deepest crises, with the South Korean company having to suspend the production and sale of its flagship Galaxy Note 7 amid reports of these devices catching fire. Initially, the company tried to douse some of the fire it was ... Read More »
Faced with a ban on his movie, director Karan Joharpledged not to work with Pakistani artistes anymore. With the Maharashtra Navmirman Sena (MNS) threatening to disrupt screenings of his movie featuring Pakistani actorFawad Khan along with other Indian film actors, Home Minister Rajnath Singh has had to intervene to assure ... Read More »
RIYADH, SAUDI ARABIA: A seven-fold hike in visa fees to do business in Saudi Arabia risks deterring the foreign investment needed to transform its oil-dependent economy, diplomats and other sources say. But a senior Saudi business leader has dismissed such concerns, insisting the country’s most sought-after business partners could easily ... Read More »
