Tag: Business
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South Korean conglomerates unveil $195 billion of investment in industrial projects
SEOUL, July 3 : South Korean conglomerates SK Group, Hyundai Motor Group and Hanwha on Friday unveiled investment initiatives spanning robotics, manufacturing AI, self-driving mobility and space projects for the country’s southeast. The business groups announced the decisions at an event announcing advanced
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Exclusive-World’s biggest domain seller fears India’s fake site crackdown could damage internet
NEW DELHI, July 3 : The world’s biggest internet domain seller, GoDaddy, has warned that India’s crackdown on fake websites impersonating famous brands will make the internet less safe for legitimate businesses and carry global ramifications.Soaring smartphone and internet use has coincided with a worsening p
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Toyota and Daimler to reduce stakes in Archion, selling shares up to worth $1.87 billion, Nikkei says
TOKYO, July 3 : Automakers Toyota Motor and Daimler Truck will reduce their stakes in truckmaker Archion this month, selling shares worth 200 billion to 300 billion yen ($1.24 billion to $1.87 billion), the Nikkei daily business reported on Friday.Toyota and Daimler will offer approximately 900 million shares
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Japan keeps yen intervention threat alive, says in close touch with US
TOKYO, July 3 : Japan issued a fresh warning to currency markets on Friday as Finance Minister Satsuki Katayama said Tokyo was in regular contact with Washington on foreign exchange issues and remained ready to support the yen after it clawed its way back from 40-year lows.The yen got some relief from broad d
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India allows four Chinese-linked power equipment firms to bid for government projects
NEW DELHI, July 3 : India has allowed four Chinese power equipment manufacturers with factories in the country to participate in government tenders for critical power projects, according to a government order.TBEA Energy, Nanjing Electric India, New Northeast Electric India and Taikai Electric (India) will be
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India issues notice to Telegram, Signal on concerns over usernames, source says
July 3 : India has issued notices to messaging platforms Telegram and Signal over concerns that their username features could facilitate impersonation and other forms of misuse, a government source said on Friday, escalating the country’s scrutiny of user-anonymity tools on digital platforms.Here are some det
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Thai exports seen up 8% to 10% this year, shippers’ group says
BANGKOK, July 3 : Thailand’s exports are expected to rise by 8 per cent to 10 per cent this year, a shippers’ group said on Friday, raising its forecast from a rise of 2 per cent to 4 per cent made in January.• Exports are expected to continue growing in the second half of 2026,…
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India’s HCLTech wins $1.14 billion deal with European firm
BENGALURU, July 3 : India’s HCLTech has won a $1.14 billion deal with a major European firm, the software services exporter said on Friday.HCLTech’s shares opened 4.6 per cent higher on Friday after the announcement, boosting gains on the Nifty IT index, which was up 2.5 per cent.Here are some details:
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Oil up slightly ahead of long US weekend as peace efforts hold
PERTH, July 3 : Oil prices rose slightly on Friday before a long holiday weekend in the U.S. as wary optimism held over efforts to make peace in the Middle East between the United States and Iran. Brent futures were up 17 cents, or 0.24 per cent, to $72.10 a barrel as of 0155 GMT.…
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Japan finance minister says ready to respond on yen, in contact with US authorities
TOKYO, July 3 : Japanese Finance Minister Satsuki Katayama said on Friday the government will respond appropriately on currency movements, reiterating her warnings as traders braced for possible intervention from the Japanese authorities.”Our stance has not changed. We will respond appropriately at any time a
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