International Business Knowledge

​Moscow, April 29 (IANS) Russia has become the world leader in wheat export, surpassing the US and Canada.

"Russia supplies about 25 million tons of wheat on the external market by the end of the agricultural 2016 year. We became the world's leading wheat exporter, surpassing the

New Delhi, March 29 (IANS) India on Tuesday permitted conditional foreign equity in the retail e-commerce segment when the products sold are also manufactured in the country, as also for single-brand foreign entities with physical retail chains that want to go for online merchandise.

Mumbai, March 30 (IANS) Having suffered nearly $3 billion in losses on its UK operations, Tata Steel is exploring to put its entire portfolio there up for sale, some 10 years after it forayed into Europe by acquiring Anglo-Dutch Corus for over $8.1 billion).

​Chennai, March 30 (IANS) In a $293 million cash deal India's Sun Pharmaceutical Industries Ltd. has agreed to buy 14 established prescription brands from Novartis AG and Novartis Pharma AG in Japan, the Indian company said.

Beijing, March 29 (IANS) China will expand its power pricing reform nationwide in 2017 following a two-year pilot period in several regions to open the electricity industry, an official said on Tuesday.

​Abu Dhabi, March 28 (IANS/WAM) The United Arab Emirates and Finland have signed an agreement on the exchange of information for tax purposes between the two countries.

The agreement was signed by Younis Haji Al Khoori, undersecretary of the finance ministry, and Riitta Swan, Ambassador of Finland to the UAE.

Seoul, March 25 (IANS) South Korean technology giant Samsung Electronics has been given the green light by Vietnamese Prime Minister Nguyen Tan Dung to build a $300 million research and development centre in the capital Hanoi, the media reported on Friday.

​Washington, March 23 (IANS) US-India Business Council (USIBC) has come out in strong support of legislation that recognizes India's status as an essential US defence partner and facilitates additional co-production/co-development and trade.

​Kathmandu, March 22 (IANS) Nepal on Tuesday officially become a Dialogue Partner of the Sanghai Cooperation Organization (SCO), after signing a Memorandum of Understanding in Beijing.

​Hong Kong, March 21 (IANS) Even as it promotes Hong Kong as the gateway for Indian companies to the Chinese markets, the Hong Kong Trade Development Council (HKTDC) is promoting India as an alternative manufacturing base for its industries based in China, states a research report.