9:36 am - Thursday December 18, 2014

Archive: Business Subscribe to Business

Amazon first retail store New York

Amazon to open its first retail store

e-retail giant Amazon will soon be opening its first retail store in New York City. World’s largest online retailer Amazon.com may soon open its first physical retail store in New York City. The firm reportedly has plans to open the store...
Yahoo job cuts bangalore India

Yahoo initiates job cuts in India

Tech giant Yahoo has begun layoffs in Bangalore, India. Search engine stalwart Yahoo has reportedly started the restructuring of its Bangalore engineering hub in India, which would include handing out pink slips to at least 400 employees. The...
Samsung electronics invest in new chip plant South Korea

Samsung to invest $14.7 billion in new chip plant

With an investment of $14.7 billion, Samsung plans a new chip plant in South Korea. Samsung Electronics has set aside $14.7 billion  to build a new chip manufacturing facility in South Korea as part of its growth plans apart from the smartphones...
Flipkart big billion day

Indian online giant Flipkart makes $100 million in 10 hours on Big Billion Day

The Big Billion Day was a roaring success in India as e-commerce giant Flipkart made $100 million in 10 hours. Indian online megastore, Flipkart made $100 million in sales within 10 hours yesterday – October 6, 2014 – on account...
General Motors China expansion

General Motors to invest $14 billion in for China expansion

American auto maker General Motors to invest $14 billion over five years for expanding operations in China. General Motors (GM) has announced that it will be investing $14 billion in China over the next five years to expands operations through...
lenovo china ibm server deal

Lenovo prepares for IBM server division acquisition

China’s Lenovo is closing in on its target to acquire IBM’s server division. In a bid to drive up its profit, Lenovo is reportedly pursuing a $2.1 billion deal to acquire IBM’s x86 server division by October 2, 2014. Through...
starbucks coffee japan

Starbucks to buy full control of Japan unit for $914 million

The Japan unit of Starbucks will be fully owned by the US coffee maker. International coffee chain Starbucks has announced its plans to buy the remaining 60.5 percent share of Starbucks Coffee Japan in a two-step deal for $914 million on September...
Philips split business separate company

Philips to split business, form separate company

Electronic giant Philips to break its business into lighting and healthcare-lifestyle companies. Dutch electronics group Philips has announced that it will split its 120-year-old business into standalone healthcare-lifestyle and lighting focused...
Rusia fruit exports pakistan agreement

Pakistan to sign fruit exports agreement with Russia

Russia to turn to Pakistan for vegetable and fruit exports. In the light of Russia’s ban on European fruit exports, the country is likely to sign an MoU with Pakistan for fruits, vegetables and other products. Russia has obtained a list...
Airasia group thailand expansion

AirAsia Group expands presence in Thailand

AirAsia Group plans further expansion in Thailand across business sectors. Malaysian low-cost airline AirAsia affiliate AirAsia Group has treaded deeper into Thailand by establishing new businesses across varied sectors such as insurance, communication...