Toshiba plans to split business to improve financial health

Tokyo, April 19 (IANS) The Japanese conglomerate Toshiba plans to split most of its main business branches, in addition to its memory chip unit, in order to improve its financial health, media reports said on Wednesday. ...

IMF cuts India's 2017 GDP growth to 7.2% citing note ban

​Washington, April 18 (IANS) Citing the impact of demonetisation, the International Monetary Fund (IMF) on Tuesday cut Indias 2017 GDP growth forecast by 0.4 percentage points to 7.2 per cent. ...

Financial literacy can reduce anxiety about old age

​Tokyo, April 17 (IANS) People who possess a greater understanding of finance tend to accumulate more assets and income during their lifetime, and therefore they are less likely to fret about life in their twilight years, suggests new research. ...

Brics bank to issue Chinese yuan, Indian rupee bonds

​Shanghai, April 14 (IANS) The Brics New Development Bank (NDB) has planned to issue bonds twice this year, one denominated in Chinese yuan and the other in Indian rupee, bank's President K.V. Kamath said on Friday. ...

World economy witnessing 'cheerful spring': IMF chief

​Brussels, April 13 (IANS) The International Monetary Fund (IMF) chief Christine Lagarde said the world economy is witnessing a cheerful "spring", but warned "sword of protectionism" would overshadow trade outlook. ...

Global box office reaches record $38bn in 2016

​Los Angeles, March 23 (IANS) Global box office revenue hit a record $38.6 billion in 2016, according to a report released by the Motion Picture Association of America (MPAA). The report on Wednesday said the results mark a 1 per cent rise from last year's record-breaking $38.4 billion, representing a slowdown compared to the growth of...

Samsung Pay debuts in India

New Delhi, March 22 (IANS) Joining the 'go digital' bandwagon, South Korean giant Samsung on Wednesday launched Samsung Pay, the company's flagship mobile payments service, in India. ...

Apple shares up before 'expected' products launch

San Francisco, March 21 (IANS) Driven by a series of rumoured new products launch this week, Apple shares on Monday surged one per cent to hit an all-time high of $141.46. According to media reports, Apple is expected to unveil the new iPad Pro lineup, a larger iPhone SE model with 128GB storage and new Apple Watch bands this week. ...

World Bank urges more funds for reading skills

Dubai, March 18 (IANS) Manager Education Sector at the World Bank group Harry Patrinos said on Saturday that globally more money has to be invested into primary school education with a focus on reading skills. ...

Chinese investors pledge $8.3 bn investment in Nepal

​Kathmandu, March 4 (IANS) Nepal Investment Summit, the biggest investment summit in Nepal, has garnered nearly $13.51 billion (around NRs 1,446 billion) in foreign investment commitment, with northern neighbour China leading the pack of investment from six countries. ...

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