Tag Archives: plans

UK attorney general plans crackdown on ‘trial by social media’

The UK’s Attorney General is pondering whether to tighten up contempt of court laws and target Facebook and Twitter users who comment about live criminal trials. In a call for evidence made this morning, Jeremy Wright, QC, MP, asked for examples of court cases “in which social media has had an impact” to be forwarded to the Attorney… Read More »

Huawei Plans to Raise Prices of Phones Available Online Over Customs Duty Increase

Days after the government announced a 10 percent basic customs duty (BCD) on smartphone manufacturers as the Goods and Services Tax (GST) came into practice, Chinese smartphone manufacturer Huawei has said it will marginally hike prices of its smartphones available online. Speaking to IANS on the sidelines of the launch of Honor 8 Pro smartphone, Allen Wang, Director, Product Center, Huawei India Consumer Business… Read More »

Brexit: EU pushes ahead with plans to take control of London’s clearing business

The European Union is pushing ahead with plans to assert control over the clearing of euro-denominated derivatives, a politically charged step that could force firms to move from London to the EU after Brexit. The European Commission has drafted a law for firms deemed systemically important to the EU financial system to accept direct oversight by the bloc’s authorities, or… Read More »

Apple reveals self-driving car plans

Apple has acknowledged for the first time that it is investing in building a self-driving car. In a letter to US transport regulators, Apple said it was “excited about the potential of automated systems in many areas, including transportation”. It added that there were “significant societal benefits of automated vehicles” to be realised. There have long been rumours… Read More »

Rolls-Royce increases cost-saving plans

Rolls-Royce has raised its cost-saving targets in a bid to cut between £150m and £200m from its budget. The aero engine maker said the savings would be at the top end of its target amid a challenging period ahead. The company said demand for its engines for extra wide body aircraft had stayed strong. However, Rolls was losing… Read More »

Opec plans fresh oil price talks says energy minister

Oil producers in the Opec group of countries will make another attempt this week to reverse a slump in crude prices, according to Algeria’s energy minister. Noureddine Bouterfa said there would be an informal gathering of Opec members on the sidelines of an energy conference in Algiers on Wednesday. “We will not come out of the meeting empty-handed,”… Read More »

Toyota plans to roll out petrol version of Innova

Carmaker Toyota is working on a petrol variant of its multi-purpose vehicle Innova after the company’s sales took a hit following a ban on registration of diesel cars with 2,000cc and above engines in Delhi-NCR. “Delhi-NCR is the biggest market among other regions of the country. Since sales of Innova and Fortuner have stopped there, there will be… Read More »

Saudi Aramco finalizes IPO options and plans global expansion

Saudi Arabia’s state-owned oil giant is finalizing options for its partial privatisation and will present them to its Supreme Council soon, its chief executive said about the centerpiece of the kingdom’s efforts to overhaul its economy. The company has a huge team working on the proposals for the initial public offering (IPO) of less than 5 percent of… Read More »

Kalyan Jewellers plans stores in Sri Lanka, Malaysia

Kalyan Jewellers is planning to unveil its online platform by Diwali , even as it targets a 30 per cent rise in its revenue this fiscal and entry into three overseas markets. “We are targeting Rs.13,000 crore this year against the Rs.10,000 crore revenue generated in 2015-16,” Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers told The Hindu. He also… Read More »

UK firms putting plans on hold ahead of EU vote – survey

Big British firms are delaying deals and hiring decisions ahead of a referendum on the country’s European Union membership, a survey showed on Monday, adding to signs that uncertainty around the vote is weighing on the economy. Chief financial officers are increasingly in favour of staying in the EU, according to the survey of chief financial officers published… Read More »