Undoubtedly, Bangalore is still the number one IT/ITeS outsourcing location in the world, as noted by an Economic Times article quoting a 2014 survey of the top 100 IT locations. It’s not difficult to see why — the city not only boasts the highest number of startups, but also has an ecosystem that supports the startup culture. It has …

  Anthony Fensom The Bank of Japan is determined to cheapen the currency of the world’s third-biggest economy. Who might be the winners and losers, both at home and abroad? On Friday, the yen ended trading with its first two-week decline since May on speculation of further monetary stimulus at the Bank of Japan’s (BoJ) July 29 policy meeting. Despite …

  Tokyo / AFP Tokyo shares slumped for a third session on Tuesday as a rally in the yen hit exporters ahead of closely watched US and Japanese central bank meetings. Traders followed their US counterparts in selling equities, with Wall Street retreating from record highs on profit-taking and a drop in crude prices. While the Federal Reserve, which concludes …

  London / AFP European stocks tentatively rose and Wall Street was little-changed on Tuesday as investors adopted a wait-and-see approach on the eve of a US interest rate decision and oil prices weakened. London increased 0.3 percent as dealers also awaited Wednesday’s British economic growth data and a Bank of England interest rate call next week. Frankfurt stocks gained …

  AFP Whether in aircraft or hot-air balloons, with or without stop-offs, and sometimes solo: round-the-world trips by air have produced several records since 1924. Solar Impulse 2, which on Tuesday completed the first round-the-world journey using only solar energy, is the latest to circumnavigate the globe and enter the record books. AMERICAN PIONEERS In 1924, the American duos Lowell …

  Bloomberg Flipkart Ltd. will buy Rocket Internet SE-backed online retailer Jabong for $70 million in cash to create India’s biggest fashion e-commerce business. Global Fashion Group, the parent of Jabong that’s backed by Rocket and Kinnevik AB, agreed to sell the business to focus on other markets, it said in an e-mailed statement. Flipkart will combine the business with …

  Bloomberg Turkish Airlines fired its chief financial officer Monday amid a wider purge of staff said by the carrier to have links to the exiled cleric alleged to have been behind this month’s botched coup attempt in Turkey. CFO Coskun Kilic will be replaced by Murat Seker, head of investor relations and financial institutions at state-owned TC Ziraat Bankasi …

  Bloomberg Italy’s state-run air traffic controller Enav SpA climbed as much as 12 percent in its Milan trading debut after the first large, European listing since Brexit. Enav’s government owners had priced shares in an initial public offering at 3.3 euros apiece, near the top end of an offered price range, to raise 759 million euros ($835 million). The …

  Bloomberg According to one analyst, not even the Pokemon Go craze can save the restaurant industry. During much of the recovery from the financial crisis, restaurant spending has been a retail highlight as other areas, like department stores, have struggled. According to Stifel Financial Corp. analyst Paul Westra, however, recent surveys point to the start of a serious decline. …

  Bloomberg JetBlue Airways Corp. ordered 30 Airbus Group SE A321 jetliners valued at $3.6 billion as the carrier expands its premium cabin service and opens the door to trans-Atlantic flights. JetBlue agreed to buy 15 A321s with the current engine option for delivery starting next year, and 15 more A321s with new, more fuel efficient engines starting in 2020. …