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ICICI Bank files fraud case against Shrenuj promoters

New Delhi, Oct. 17 -- ICICI Bank Ltd has moved a US court against 11 executives of Mumbai-based diamond company Shrenuj and Co. for allegedly defrauding the bank, and has sought to recover over $12 mi... Read More


PIRAMAL MAY SELL CONTRACT PHARMA BIZ IN $1 BILLION DEAL

New Delhi, Oct. 17 -- Piramal Enterprises Ltd is weighing the sale of its contract pharmaceutical business in a potential deal worth about $1 billion, Bloomberg reported, citing unidentified people. ... Read More


Flipkart deal may hit Walmart profits

Bengaluru, Oct. 17 -- Walmart Inc., which spent $16 billion to buy a 77% stake in Flipkart earlier this year, cut its earnings forecast for this year because of losses expected at Flipkart, highlighti... Read More


Industry 4.0 to put Indonesia among top 10 economies

Jakarta, Oct. 17 -- The fourth industrial revolution, also known as industry 4.0, is expected to make Indonesia one of the top 10 economies in the world in 2030, Industry Minister Airlangga Hartarto s... Read More


China endorses Pakistan's request for IMF bailout ahead of Imran visit

Islamabad, Oct. 17 -- China has endorsed Pakistan's request to the International Monetary Fund (IMF) for financial aid to address its economic challenges, but at the same time said the facility should... Read More


House supports placement of migrant workers through one channel

Jakarta, Oct. 17 -- Chairman of the House of Representatives' (DPR's) Commission IX Dede Yusuf supported the placement of Indonesian migrant workers through the One Channel Placement System (SPSK) agr... Read More


Indonesia provides assistance of 7 million US dolar for Palestine

Jakarta, Oct. 17 -- Indonesia is committed to providing assistance of more than 110 billion rupiah or US$7 Million to support Palestine. "This is a concrete contribution from a united Indonesia, from... Read More


UK extends scheme to protect Hindu, Muslim, Sikh places of worship

London, Oct. 17 -- The Theresa May government on Tuesday extended the "Places of Worship Scheme" that funds measures to install security measures in temples, mosques and gurdwaras to protect them agai... Read More


House asks for investigation of Papua regional head election funds

Jakarta, Oct. 17 -- The House of Representatives' (DPR's) Commission II has requested an investigative auditing of the Papua regional head's election funds to ensure the correct use of the budget. Th... Read More


Passport shopping: High-risk nations named

London, Oct. 17 -- The Paris-based Organisation for Economic Cooperation and Development (OECD) on Tuesday identified 21 countries and jurisdictions that posed a "high risk" to global cooperation on t... Read More