Category: Asia / Oceania

Tata Motors Q1 results: Consolidated net loss narrows to ₹4,451 cr
26. 7. 2021 No Responses

Tata Motors Q1 results: Consolidated net loss narrows to ₹4,451 cr

Auto major Tata Motors’ consolidated net loss for the quarter ended 30 June, 2021 narrowed to ₹4,450.92 crore as compared to net loss of ₹8,437.99 crore in the year-ago period. The automaker’s total revenue came at ₹66,406.05 crore during the first quarter of...
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Jack Ma’s Ant Said to Target $225 Billion Valuation in IPO
20. 8. 2020 No Responses

Jack Ma’s Ant Said to Target $225 Billion Valuation in IPO

Jack Ma’s fintech giant Ant Group is reportedly looking to file for dual listing in Hong Kong and Shanghai within the next few weeks, seeking a valuation of US$225 billion. The company is planning to launch its concurrent initial public offering on...
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Apple’s partners and Samsung apply for India’s $6.6 billion program
1. 8. 2020 No Responses

Apple’s partners and Samsung apply for India’s $6.6 billion program

Apple’s partners and Samsung apply for India’s $6.6 billion local smartphone production program. South Korean giant Samsung, Apple’s  contract manufacturing partners Foxconn, Wistron and Pegatron, and Indian smartphone vendors Micromax and Lava among ...
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After 84 years, Olympus quits camera business
25. 6. 2020 No Responses

After 84 years, Olympus quits camera business

Olympus, once one of the world’s biggest camera brands, is selling off that part of its business after 84 years. The company said that despite its best efforts, the “extremely severe digital camera market” was no longer profitable. The arriva...
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IndiGo, GoAir get extended deadline till August 31 to replace Pratt & Whitney engines
1. 6. 2020 No Responses

IndiGo, GoAir get extended deadline till August 31 to replace Pratt & Whitney engines

IndiGo and GoAir’s P&W engine-powered A320neo planes have been facing glitches over the past few months causing large-scale flight disruptions affecting thousands of passengers and raising safety concerns. In the wake of coronavirus-induced lockdown,...
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Apple Is Shifting A Fifth Of iPhone Production From China To India
11. 5. 2020 No Responses

Apple Is Shifting A Fifth Of iPhone Production From China To India

One reason why the global economy will never be the same after the pandemic is long forgotten, is that supply-chains – which have been in place for decades, taking advantage of China’s cheap labor costs and keeping global inflation in...
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Saudi Arabia is maneuvering to survive the oil price crisis
26. 4. 2020 No Responses

Saudi Arabia is maneuvering to survive the oil price crisis

Saudi Arabia may have to borrow as much as $58 billion this year to cover a budget shortfall caused by the oil price slump, Bloomberg reports, citing Finance Minister Mohammed al-Jadaan. Al-Jadaan told media this week that the Kingdom might...
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SoftBank Reports Stunning $25 Billion Q1 Loss
15. 4. 2020 No Responses

SoftBank Reports Stunning $25 Billion Q1 Loss

In an announcement that should surprise absolutely nobody who has been paying attention to WeWork fiasco, SoftBank announced in a corporate filing on Monday that the Japanese telecom conglomerate with a VC arm expected to report the biggest loss in...
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UK’s Vodafone and Other Telcos Fight for Survival
24. 2. 2020 No Responses

UK’s Vodafone and Other Telcos Fight for Survival

UK’s Vodafone, Other Telcos Fight for Survival as Indian Government Sends Notice on $20.4 Billion Dues. Vodafone’s global CEO Nick Read said last November that there had been a “very challenging situation for a long time” in India. Almost a...
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Less than 20% of employees expected to return to work in mainland China
10. 2. 2020 No Responses

Less than 20% of employees expected to return to work in mainland China

Less than 20% of Chinese factory employees would return to work after an extended Lunar New Year break due to the coronavirus outbreak, and many components plants in China have decided not to restart production until February 25 despite being...
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India Announces $40 Billion Emergency Fiscal Injection
3. 2. 2020 No Responses

India Announces $40 Billion Emergency Fiscal Injection

India Announces $40 Billion Emergency Fiscal Injection As Economy Plunges.  India’s economy is rapidly decelerating and could be headed for a financial crisis. As an emergency response to plunging growth rates and falling energy consumption, along with ...
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US Spy Plane Bombardier E-11 BACN Crashed In Taliban Controlled Area Of Afghanistan
27. 1. 2020 No Responses

US Spy Plane Bombardier E-11 BACN Crashed In Taliban Controlled Area Of Afghanistan

Airliner crash originally reported by Afghan media now appears to be a USAF spy aircraft. Wreck of plane crashed today in Afghanistan looks like to be a USAF Bombardier Global Express 6000 / E-11A “BACN” (Battlefield Airborne Communications Node). ...
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Nissan and Renault dismiss reports of possible break-up
14. 1. 2020 No Responses

Nissan and Renault dismiss reports of possible break-up

French carmaker Renault and Japanese partner Nissan said on Tuesday their alliance was in no danger of being dissolved. The announcement follows a Financial Times report that Nissan was beefing up plans to quit. The alliance, which also includes Japan’s...
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Huawei’s phones and networking equipment are now “American-free”
3. 12. 2019 No Responses

Huawei’s phones and networking equipment are now “American-free”

According to a report from UBS and Fomalhaut Techno Solutions cited by the Wall Street Journal, the Huawei Mate 30 Pro flagship phone contains no American made parts. That isn’t surprising since the manufacturer is banned from its U.S. supply chain by...
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Iran discovers oil field containing 53 billion barrels of crude
11. 11. 2019 No Responses

Iran discovers oil field containing 53 billion barrels of crude

President Hassan Rouhani says Iran has discovered a new oil field containing 53 billion barrels of crude in southwestern Khuzestan Province.  Rouhani told a large crowd of people in the central city of Yazd on Sunday that the discovery was made despite US...
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