IMF chief cautions against reverse globalisation

Washington, Oct 6 : International Monetary Fund (IMF) Managing Director Christine Lagarde on Thursday urged greater global trade integration, warning against tendencies of reverse globalisation, or retreat from globalisation and multilateralism. “A retreat from globalisation and multilateralism is a serious risk at a time when international cooperation and coordination are as critical as ever,” Lagarde […]

Yum China: no brand damage from protests over S. China Sea ruling

By Lisa Baertlein Los Angeles, Oct 6 : Yum Brands Inc said on Thursday its KFC and Pizza Hut businesses in China suffered no lasting brand damage after political tensions over the South China Sea caused an unexpected third-quarter sales drop in that country. The company, which will spin off its China business on Oct. […]

Reliance Jio consolidates spectrum further

Mumbai, Oct 6 : Reliance Jio on Thursday announced that that it has successfully acquired the right to use 269.2 MHz of spectrum across all 22 service areas in India in the latest auction of airwaves for a consideration of Rs 13,672 crore. “We have expanded our spectrum footprint thereby significantly enhancing capacity of our […]

India’s spectrum auction ends in virtual failure, raises 11.6% of target

New Delhi, Oct 6 : India’s telecom spectrum auction — touted as the largest, given the quantum of airwaves on the block — ended in a virtual failure, closing within five days with a total commitment of only Rs 65,789 ($9.8 billion) crore, or about 11.6 per cent of the expected Rs 5.66 lakh crore […]

Tepid spectrum response due to high reserve price: COAI

New Delhi, Oct 6 : Congratulating the government for the latest spectrum auction that ended on Thursday, the Cellular Operators’ Association of India (COAI) said the lack of enthusiasm on the operators’ part was majorly due to its unrealistic pricing, high debt and single-digit growth that the industry is currently reeling under. India’s telecom spectrum […]

Bangladesh’s Jamdani textiles to get global patent

Dhaka, Oct 6 : Dhakai Jamdani, one of Bangladesh’s finest muslin textiles, is set to be registered this month as the country’s first Geographical Indication (GI) product, a media report said on Thursday. Senior Secretary of the Industries Ministry M. Mosharraf Hossain Bhuiyan made the disclosure while addressing the 56th annual meeting of the World […]