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BUSINESS NEWS from all over the world. MODI2 is news website. We provide you with the latest breaking news, Top news, Tech news and Reports.

Too many obstacles to do business in India: Tata Sons chairman N Chandrasekaran

Too many obstacles to do business in India: Tata Sons chairman N Chandrasekaran

MUMBAI: India is fraught with micromanagement and suspicion, and upping the growth trajectory requires removing the obstacles that impede businesses, Tata Sons chairman N Chandrasekaran said on Thursday. Growth cannot come by merely pushing people to move fast and requires a transformative vision and a change in the culture, the head of the $110-billion conglomerate…
Piramal sells health insight business to US firm for $950 million

Piramal sells health insight business to US firm for $950 million

MUMBAI: Piramal Enterprises (PEL) is divesting its healthcare insights and analytics business — Decision Resources Group (DRG) — to US-based Clarivate Analytics for $950 million (around Rs 6,500 crore). PEL had invested $650 million in 2012 to acquire DRG, of which $260 million was infused as equity. Through the deal, the group has realized 2.3X…
All investment as per rules welcome: Piyush Goyal

All investment as per rules welcome: Piyush Goyal

AHMEDABAD/NEW DELHI: A day after he said e-commerce giant Amazon was not doing India a favour by investing $1 billion here, commerce & industry minister Piyush Goyal on Friday said the government welcomed all investments but they should be in line with domestic regulations. On Thursday, he had said Amazon was investing because it was…
Rupee drops 15 paise to 71.08 against US dollar

Rupee drops 15 paise to 71.08 against US dollar

MUMBAI: The Indian rupee furthered its losses for the second day, dropping 15 paise to close at 71.08 against the US dollar on Friday amid strengthening of the American currency overseas and rising crude prices. At the interbank foreign exchange market, the rupee opened lower at 70.98 to the US dollar and lost further momentum…
‘Internet, electric and autonomous cars’: MG Motors to showcase 14 products at Auto Expo 2020

‘Internet, electric and autonomous cars’: MG Motors to showcase 14 products at Auto Expo...

NEW DELHI: MG Motor India on Friday announced that the company will showcase 14 models at the upcoming Auto Expo 2020 and demonstrate the latest technologies and advancements in internet, electric and autonomous cars. MG’s range on display at its pavilion will focus on internet, electric and autonomous cars – encompassing a range of 14…
Amazon promises 1 million new jobs in India amid tensions with government

Amazon promises 1 million new jobs in India amid tensions with government

BENGALURU: Amazon.com Inc said on Friday it planned to create 1 million jobs in India by 2025, a day after the country’s trade minister said the e-commerce giant’s recently unveiled $1 billion investment in the country was no big favour. Piyush Goyal: Amazon investing to cover losses, not doing India a favourCommerce and industry minister…
Trade war with US: China GDP grew 6.1% in 2019, slowest in three decades

Trade war with US: China GDP grew 6.1% in 2019, slowest in three decades

BEIJING: China's economic growth sank to a new multi-decade low of 6.1% in 2019 as consumer demand weakened and Beijing fought a trade war with Washington. Government data on Friday showed growth was down from 2018's 6.6%, already the lowest since 1990. Economic growth in the three months ending in December held steady at the…
Sebi clears nine current and former NSE executives

Sebi clears nine current and former NSE executives

MUMBAI: Markets regulator Sebi has given clean chit to nine people, including Ravi Narain, former MD of NSE, in a case in which it was alleged that a host of NSE officials had colluded to favour a handful of brokers to make illegal gains using the NSE’s optical fibre network that connected it to its…
Exports contract for 5th month in row, imports dip 8.8%

Exports contract for 5th month in row, imports dip 8.8%

NEW DELHI: The country’s exports contracted for the fifth consecutive month in December, dragged down by a decline in shipments of plastics, gems and jewellery, leather products and chemicals. Official data showed on Wednesday that exports fell 1.8% to 27.4 billion in December, while imports contracted for the seventh successive month. Imports fell by 8.8%…
With its global footprint, Amazon to export $10 billion of ‘Make In India’ goods by 2025: Jeff Bezos

With its global footprint, Amazon to export $10 billion of ‘Make In India’ goods...

NEW DELHI: Amazon founder and chief executive Jeff Bezos, who is on a three-day visit to India, said on Wednesday that the e-commerce giant will use its global footprint to export $10 billion worth of 'Make In India' goods by 2025. Bezos also stated that Amazon is going to invest $1 billion in digitising the…

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