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Rental at Khan market, Connaught Place drops by 14%: Report
As per the report, rental was Rs 1200 per sq ft at Khan market while at Connaught Place it was Rs 900 per square feet in July-September quarter, down by 14% in comparison with previous year.
China stocks snap uptrend as consulate closure sets stage for profit taking
The Shanghai Composite Index fell 0.2% to 3,325.11 and the blue-c...
Nearly 3 million migrants stranded by COVID-19 - UN report
The International Organization for Migration report is the most comprehensive to d...
Mondelez India sales declined in April and May but now growing at mid-single digit: Global CEO
"Will India go back to double-digit growth in the coming months? Maybe not, but if India delivers us a 6%, 7%, 8% topline growth, that's more than enough for us to keep on going on our plan," chief executive officer Dirk Van de Put said on an investor call after the US-based company reported a 2.5% decline in sales globally.
CBI court accepts closure report giving clean chit to former special director Rakesh Asthana in bribery case
Exonerating Asthana and the Deputy Superintendent of Police (DSP) Devender Kumar of all the charges, the agency had told the court last month that no public official was involved in the case.
US fears attack on Baghdad diplomatic mission, prepares to close embassy: Reports
"What we're being told is that it is a gradual closure of the embassy over two to three months," an Iraqi official told The Wall Street Journal on Sunday, adding that the closure could be coupled with the withdrawal of American troops.
Luxury brand Burberry to cut 500 jobs as luxury demand faces slow recovery
Luxury brand Burberry said on Wednesday it would cut about 500 jobs globally, including 150 British-based office roles, as it forecast no quick recovery in demand, particularly from high-spending tourists.
Escalating feud: United States, China consulate closures deal losses to both nations
For the United States, the loss of the Chengdu mission in southwestern China will, among other things, cloud its view of Tibet, a region where Buddhist residents say Beijing is eroding its culture and its traditional independent streak. China says Tibet has been its territory for centuries.
Closure of more Chinese embassies 'possible', says Trump after Houston consulate shut down
The US move came amid a growing number of disputes between the two countries over Beijing's increasingly aggressive actions that have led Washington to take strong actions, including closing the consulate in Houston, according to senior Trump administration officials.
America ratchets up China tensions, orders closure of Houston consulate ahead of elections
The physical closure of the consulate, one of China's six missions in the United States, marked a dramatic step in increasingly contentious relations that have been strained not only by the conronavirus pandemic but disputes over trade, human rights, Hong Kong and Chinese assertiveness in the South China Sea.
Coca-Cola signals recovery after "most challenging" quarter due to COVID-led closure
Coca-Cola Co said on Tuesday demand for its sodas was improving after reporting a 28% slump in sales in one of its "most challenging" quarters of the year due to coronavirus-led closures of restaurants, theaters and sports venues.
Digital shift has made banks even more vulnerable: SWIFT India CEO Kiran Shetty
SWIFT India CEO and regional head Kiran Shetty talks about the impact of the pandemic on banking technology and the need to enhance security.
India's hotels lost Rs 8,000 crore in revenues between March to June: STR Horwath HTL report
The report stated that if 2019 was the best performing year in the past decade for Indian hotels, 2020 has been the worst in living memory. Occupancies were at 38.3% in H1 2020, compared to 66.4% in H1 2019. In quarter two of the calender year, occupancies for Indian hotels were at 15.7% this year compared to 62.9% in the corresponding period last year
View: The key to RBI's long delayed resolution framework lies in its implementation
The framework was much needed and has in fact been delayed by at least 3 months as from the beginning , it was evident that Covid-19 would have devastating effect on the economy and would also cripple the operations and viability of the industry. Q1FY21 has seen fall in net profits of top 1670 companies by more than 50% and loans of more than Rs 15 lakh crores to industry are in stress.
Uber’s job cuts, office closures reflect narrower ambitions
Uber, which for years burned cash in exchange for user growth, had also faced challenges even before coronavirus hit. Its food delivery operations, a bright spot in terms of adoption, loses money, and other bets like autonomous vehicles and air taxis have yet to be proven.