Flipkart founders Sachin Bansal and Binny Bansal have handed over the operational control of the company they built over the past decade to Kalyan Krishnamurthy, the nominee of marquee American investor Tiger Global. Krishnamurthy was on Monday named the new chief executive officer (CEO) of the Bengaluru-based company. He replaced ... Read More »
India’s gold and diamond-studded jewellery business is likely to take a hit, at least in the short term, following the hike in import duty from 0.36 per cent to 5 per cent, starting January, on all jewellery products exported to Dubai. Exporters may also stop using Dubai as a hub ... Read More »
The French and Indian space agencies have signed a technology partnership agreement. The deal between the French space agency CNES and Indian space agency ISRO covers work on launch technology, including how to streamline mission costs. A separate deal between CNES and TeamIndus, a competitor in the Google Lunar X ... Read More »
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our T&Cs and Copyright Policy for more detail. Email [email protected] to buy additional rights. In 1847, Philip Morris, “tobacconist and importer of fine seegars”, opened a ... Read More »
After months of talk and hype, the world’s biggest banks have taken the first steps toward moving a significant piece of financial infrastructure onto a so-called blockchain — the technology introduced to the world by the virtual currency Bitcoin. The company that serves as the back end for much Wall ... Read More »
SAN FRANCISCO — Ellen Pao, whose lawsuit against her former venture capital firm catapulted her into the heated debate over diversity in technology, is combining forces with two of the leaders in the push to bring more women and minorities into the industry. Technology veterans Freada Kapor Klein and her husband Mitch ... Read More »
Federal Reserve Governor Jerome Powell said the U.S. central bank needs to step up monitoring of financial excesses following an extended period of record-low interest rates, citing commercial real estate as one area of concern. “With inflation under control, overheating has shown up in the form of financial excess,” Powell ... Read More »
Prince didn’t just leave a great musical legacy behind. It turns out, the singer also had an eye for real estate. The singer had acquired $25.4 million worth of real estate and other personal property before his death, ET confirms, in addition to a horde of cash and 67 gold ... Read More »
It turns out that Prince wasn’t just an incredible musician, but also a prolific real estate investor—and maybe a closet gold bug. The enigmatic singer had acquired $25.4 million worth of real estate and other personal property at the time of his death last year, according to a file released ... Read More »
The UK cannot expect to hold on to “bits” of its membership after leaving the EU, Theresa May has said. The prime minister’s comments come as the government prepares to begin talks on Brexit, including whether the UK stays in the European single market. She told Sky News her approach ... Read More »
A car bomb in Iraq has struck a market in eastern Baghdad, killing at least 11 people and injuring dozens more. Interior ministry spokesman Saad Maan was quoted as saying a security guard fired on a suspicious vehicle and the driver then blew it up. So-called Islamic State (IS) said ... Read More »
The first Nokia-branded smartphone is to be released exclusively in China. The device will be marketed in partnership with the local internet retail giant JD.com. The team behind the Nokia 6 phone said it believed the handset’s “premium design” would appeal to the local market. The announcement coincided with the ... Read More »
