The Indian government could open up the initial public offering of state-owned Life Insurance Corporation to foreign institutional investors and allow them to purchase up to 20 per cent of the shares of the company, said reports quoting government sources.   India's largest ever initial...

China Evergrande Group's main unit said Wednesday that it had reached a settlement with bondholders in order to settle interest payments on a domestic debt. This helped to calm fears of a default that could cause financial chaos worldwide.   China's central bank also injected 90 billion yuan...

The price of its initial public offering in the United States that will be offered by Freshworks, a business software company, will be well above the range that would be required to raise a fund of $1.93 billion, the company has said.   Freshworks, a direct rival of Salesforce, will be...

The dangers of China Evergrande Group defaulting on its pile of debts posed a potential threat over apprehensive business sectors on Tuesday, as investors searched for indications of mediation by Beijing to stem any likely cascading type of influence across the global economy.   Experts...

Video streaming service Netflix is aiming to spark growth in the key African market of Kenya by offering customers a free mobile plan that would allow them to see about o a quarter of the company’s TV shows and movies in the country.  The strategy was launched in the country form Monday, the...

The planned electric Prologue sport utility vehicle from Honda Motor Co, which the company plans to launch for the United States market, is expected to be the corner stone for the US business unit of the company as it targets to achieve initial annual sales of 70,000 units after the vehicles are...

Royal Dutch Shell wants to encourage airlines around the world to reduce greenhouse gas emissions and plans to start producing low-carbon jet fuel at a commercial scale by 2025.   The lack of alternative technologies to jet fueled-engines has made the aviation sector to be one of the...

Campaigns to organize employees to form a trade union at least nine Canadian facilities of the United States based e-commerce giant Amazon.com was launched by the Teamsters Union of Canada, according to a report from Reuters based on interviews with union officials.   As a first step, the...

The largest American auto company General Motors Co is planning to bring in changes to its supply chain as a part of its strategy to combat the continuing global semiconductor chip shortage that has prompted mots companies to curb production, said the firm’s Chief Executive Mary Barra on Friday....

Carmaker Stellantis is trying to expand its business outside of its stronghold of Europe and enter into the emerging markets where the company has limited exposure. As a part of this strategy the company is planning for the launch of a new model in India and Latin America next year under its...

A US federal judge ruled that Apple Inc's App store rules were invalid on Friday. This allowed the company to allow developers access to other payment methods, which was a win for Epic Games and other app creators.   The judge didn't require Apple to allow app developers to use their in-app...