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Huawei cuts India revenue target by up to 50%, laying off staff: Report

Huawei cuts India revenue target by up to 50%, laying off staff: Report

by pallanus | Jul 28, 2020 | Business News

Chinese telecom company Huawei Technologies Co has cut its India revenue target for 2020 by up to 50% and is laying off more than half of its staff in the country, the Economic Times reported on Monday, amid calls to boycott Chinese goods. The Huawei logo is seen on a...

Coronavirus bringing record $1 trillion of new global corporate debt in 2020: Report

by pallanus | Jul 13, 2020 | Business News

Companies around the world will take on as much as $1 trillion of new debt in 2020, as they try to shore up their finances against the coronavirus, a new study of 900 top firms has estimated. The unprecedented increase will see total global corporate debt jump by 12%...

Tata Sons in talks to buy out AirAsia India stake at steep discount: report

by pallanus | Jul 9, 2020 | Business News

Malaysian budget carrier AirAsia said earlier in the day that it was in talks to raise more than 1 billion ringgit ($234.52 million) in funds, a day after its auditor cast doubt on its ability to continue as a going concern. Tata Sons will likely tie up with other...

Govt may need RBI’s help to fund budget as deficit spikes sharply: Report

by pallanus | Jul 8, 2020 | Business News

With the fiscal deficit already touching as high as 7 per cent of the GDP, the government has little room increase spending during the economic crisis. It is already running out of options to fund its budget and the Reserve Bank of India (RBI) may need to intervene...

Apple supplier Foxconn, others hit as India holds up key imports from China: Report

by pallanus | Jul 3, 2020 | Business News

India’s additional scrutiny of imports from China has disrupted operations at plants owned by Apple supplier Foxconn in southern India, three sources told Reuters, and other foreign firms are also facing delays as tensions between the two countries build. Customs...
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