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SK Group chairman claims ‘critical error’ in divorce ruling

Jun 17, 2024

Seoul, June 17 (IANS) SK Group Chairman Chey Tae-won said on Monday that he has decided to appeal a record divorce ruling, which threatens his grip on the telecom-to-energy conglomerate, to the Supreme Court because there was a "critical error" in the calculation of his estranged wife's contribution to the group's growth.Last month, an appellate…

Mumbai retains top spot as India’s most expensive city for expats: Survey

Jun 17, 2024

Mumbai, June 17 (IANS) The financial capital of India has retained the top spot as the most expensive city for expats in the country, followed by Delhi, a report showed on Monday.Within Asia, Mumbai and Delhi experienced upward movement in…

Business

Oyo to raise up to $125 million at $2.5 billion valuation: Report

Jun 17, 2024

New Delhi, June 17 (IANS) Hospitality major Oyo is reportedly raising $100-$125 million in fresh funding at a market valuation of $2.5 billion.According to a TechCrunch report on Monday, citing sources, the global budget-hotel chain is…

Business

Shares of Hyundai Motor jump as it files for India unit IPO worth $3 billion

Jun 17, 2024

Seoul, June 17 (IANS) Shares of Hyundai Motor, South Korea's leading carmaker, jumped here on Monday as it confirmed that its India unit has filed for an initial public offering (IPO) to raise around $3 billion (Rs 25,000 crore).Hyundai…

Business

Samsung to set up joint AI lab with Seoul National University

Jun 17, 2024

Seoul, June 17 (IANS) Samsung said on Monday it has joined hands with Seoul National University (SNU) to establish a joint research centre focused on artificial intelligence in a way that enhances technology and competitiveness in the…

Business

First-ever direct flight between India and Cambodia launched

Jun 16, 2024

Phnom Penh, June 16 (IANS) Cambodian Deputy Prime Minister Neth Savoeun and Indian Ambassador to the country Devyani Khobragade launched the first-ever direct flight between Phnom Penh and New Delhi on Sunday.The flight between the two…

Business

Dharavi Redevelopment: ‘Land transfer is to Maha govt, not developer Adani Group’

Jun 16, 2024

Mumbai, June 16 (IANS) The ongoing Dharavi redevelopment project does not involve any land transfer to Adani Group but it was only to the Maharashtra government's Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA).The…

Business

Markets need correction but current momentum indicates otherwise

Jun 16, 2024

New Delhi, June 16 (IANS) After the sharp gains witnessed in the previous week, markets were circumspect this time around but continued to post gains. Markets are at lifetime highs, and in the previous week, one saw the market breadth…

Business

India’s textile exports surge by 9.6 pc despite global headwinds

Jun 16, 2024

New Delhi, June 16 (IANS) India’s textile exports grew by 9.59 per cent in May this year compared to the same month of the previous year, despite unfavourable economic conditions in major markets such as the European Union (EU), the US and…

Business

India’s electronic manufacturing likely to reach around $250 bn in next 5 yrs: Report

Jun 16, 2024

New Delhi, June 16 (IANS) India's electronic manufacturing is likely to reach around $250 billion in the next five years, according to media reports. At present, the electronic exports of the country stand at $125 to $130 billion.The…

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