Google to invest $10 billion in India

Google to invest $10 billion in India

Google said on Monday it will invest $10 billion in India over the next five to seven years as it battles rivals like Facebook and Amazon in the vast market of 1.3 billion consumers. Chief executive Sunder Pichai told a virtual Google in India event that its fund would help ...

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Virus-hit Singapore plunges into recession

Virus-hit Singapore plunges into recession

Singapore plunged into recession in the second quarter as the economy contracted more than 40%, preliminary data showed on Tuesday, with the trade-dependent city state hammered by the coronavirus in another ominous sign for the global recovery. The economy shrank 41.2% quarter-on-quarter and 12.6% on-year between April and June, according ...

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Profits at India's TCS slump as virus hits demand

Profits at India's TCS slump as virus hits demand

India's largest software exporter Tata Consultancy Services reported a 13.8% fall in quarterly net profits last week after the Covid-19 lockdown disrupted its operations and pushed Western clients to cut spending. The Mumbai-headquartered firm known as TCS said its consolidated net profit plunged to 70.09 billion rupees (about $935 million) ...

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India's Yes Bank plans to raise up to $2 bn in share listing

India's Yes Bank plans to raise up to $2 bn in share listing

India's embattled Yes Bank, which was on the brink of collapse earlier this year, announced plans last week to raise up to 150 billion rupees ($2 billion) in a Mumbai stock listing. The country's fourth-largest lender was struggling with bad loans before the Reserve Bank of India took it over ...

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Digital yen could reverse Japan’s deflation

Digital yen could reverse Japan’s deflation

In its quest to defeat deflation, the Bank of Japan has filled its boots – and then some. It has hoarded more than half of all government bonds. It has cornered the stock market via exchange-traded funds. It has expanded its balance sheet to exceed the nation’s entire $5 trillion ...

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Global investors going to China to escape the pandemic

Global investors going to China to escape the pandemic

(ATF) An economic rebound, a booming stock market and healthy yield spreads over its bond peers is drawing investors to China as it becomes the first to recover from the pandemic. “We have observed an A-Share sentiment change starting last week,” Wang Yi, head of Quantitative Investment at CSOP Asset ...

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India and China agree to 'completely disengage' from border

India, China agree to 'completely disengage' from border

Chinese troops were seen removing structures from a Himalayan valley where they fought a deadly battle with Indian soldiers last month, Indian army sources have said, after high-level talks between the nuclear-armed neighbours on Monday. Brutal hand-to-hand fighting in the Galwan Valley in Ladakh on June 15 left 20 Indian ...

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