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Retro tax to AGR, telecom cash grab imperils foreign investment into India

The fund-starved government expects operators to cough up more at 5G auctions next year. How long can the Birla boss hang in?

Nita Ambani named to the board of New York-based Metropolitan Museum of Art

Nita Ambani, 57, was elected to become an honorary trustee of the museum, according to the statement.

Soon, the burden of dividend tax may shift from companies to investors

The budget statement due February may include a proposal to tax dividends once they are paid to shareholders, rather than the current system where the company pays the levy

Onion prices are fueling inflation in India but RBI may still ignore it

While policy makers will assess the accompanying food-price data, it may not be compelling enough to hold their attention

Tesla challenger China Evergrande Group vows to debut electric car in 2020

The car, to be sold under the 'Hengchi' brand, will debut in the first half of next year, with mass production starting in 2021, the company said in a statement

Trump threatens to 'substantially' raise tariffs if there's no China deal

Trump and Chinese President Xi Jinping had planned to sign "phase one" of the deal at an international conference this month in Chile that was canceled because of social unrest in that country

Trade war woes: Xi Jinping's alma mater now faces a massive debt problem

As part of China's university reform Unigroup's controlling shareholder Tsinghua Holdings Corp has attempted to disentangle itself from the company multiple times

Trump slams Federal Reserve again, says shunning negative rates hurts US

The Fed cut interest rates last month for the third time this year to shield the economy from uncertainty over trade and weaker global growth

Vodafone CEO says India venture is at risk of collapse after AGR ruling

Vodafone Group CEO wants a two-year delay on spectrum payments and lower license fees

CBS acting CEO's $100-mn severance: All except shareholders seem well paid

During the Moonves era at CBS, the S&P 500 Index returned an average of 9% a year. CBS returned 8.7% a year

Scouting partner for Jaguar-Land Rover, Tata Motors approaches BMW, Geely

India's largest conglomerate has said it's open to finding partners for JLR to save on costs and share the burden of investing in electric vehicles

Instagram without 'likes'? Platform does that for some users in US

Users will still be able to see the likes they receive on their posts if they want, but those metrics won't be visible to others on Instagram.

Ayodhya case: Supreme Court set to settle a 500-year-old land dispute

The violence stirred memories of the bloodshed witnessed after the country was divided in 1947 into India and Pakistan

Michael Bloomberg considers run for president against Donald Trump

Bloomberg, 77, had considered a run earlier this year but decided not to run and instead support Democratic efforts to regain control in Washington

Three Chinese banks sue Anil Ambani for failing to repay $680-mn loan

The Mumbai branch of Industrial & Commercial Bank of China, China Development Bank and the Export-Import Bank of China agreed to loan $925.2 million to Anil Ambani's Reliance Communications in 2012

Moody's cuts India outlook to negative, predicts 'prolonged slower growth'

Moody's projects a budget deficit of 3.7% of GDP in the year through March 2020, a breach of the government's target of 3.3%.

Wealth of global billionaires fell in 2018 for first time in three years

Excessive wealth has become an increasingly contentious issue globally, with some US presidential candidates making it central to their campaigns

Trump may not be able to secure a lasting US-China deal: Raghuram Rajan

A deal good enough to restore confidence in cross-border investment is not likely "in the next year or so, and could even require a new administration in the US," he added.

Moody's sees credit crunch to prolong in India, pain for households

Ratings company cuts India's outlook to negative, says fewer jobs will be created.

PE investors see profit in India's troubles in shadow banking, real estate

Four foreign pension plans have committed between $100 million and $400 million each to private-equity funds investing in India since Sept. 2018.