South Korea's Hyundai Motor Group pledged to hire about 45,000 people over the next five years amid an emphasis on jobs by the government, but analysts doubted if the conglomerate would meet the goal as it was eyeing cost cuts to counter sluggish sales.

South Korea's finance ministry announced on Wednesday Hyundai Motor Group's plan for hiring and investing about 23 trillion won ($21.56 billion) over five years after Finance Minister Kim Dong-yeon visited the group's lab earlier in the day. The group includes flagship Hyundai Motor Co and Kia Motors Corp.

Pakistan Foreign Minister Khawaja Asif on Wednesday criticised Israeli Prime Minister Benjamin Netanyahu's visit to India, saying both India and Israel have anti-Islam nexus.

Asif, in an interview to a private channel, said that both the countries have a connection as they have occupied Muslim territories - India has occupied Kashmir, while Israel is occupying a vast area of Palestine, reported Radio Pakistan.

Thomson Reuters Corp on Wednesday published its debut "Top 100 Global Technology Leaders" list with Microsoft Corp in the no. 1 spot, followed by chipmaker Intel Corp and network gear maker Cisco Systems Inc .

The list, which aims to identify the industry's top financially successful and organisationally sound organizations, features US tech giants such as Apple Inc, Alphabet Inc, International Business Machines Corp and Texas Instruments Inc, among its top 10.

Calcutta: Reliance Industries has earmarked Rs 5,000-crore investment for Bengal in the coming years to expand its retail and petroleum outlets.

Speaking at the fourth edition of the Bengal Global Business Summit here on Tuesday, RIL chairman Mukesh Ambani outlined an eight-point business expansion agenda for the state across telecom and education as well as fresh investment in other businesses such as retail and petroleum.

Mumbai: Reliance Communication (RCom), which is in the middle of a major debt restructuring, on Tuesday said it would construct a 22,000km undersea cable network at an investment of $600 million, a move that would help expand the company’s enterprise segment after it shut down its wireless service, a top company executive said.

Not because I missed the great run-up (though I did) and not because I fear that the bitcoin bubble will end badly (it will, but that’s not my problem). Rather, it is because I have been waiting for decades for someone to invent a purely digital currency, a currency for online purchases that wasn’t linked to a credit card. It was the killer app (as we used to say) that no one ever figured out.

The benchmark BSE Sensex recovered 70 points in opening trade on gains in IT, banking and auto stocks despite weak Asian cues.

The 30-share index, which had lost 72.46 points in the previous session, recovered by 70.65 points or 0.20 per cent to 34,841.70 in a volatile trade.

Baba Ramdev-led Patanjali Ayurved on Tuesday announced its partnership with eight e-commerce companies in a move to push sales of its products. Accordingly, the entire range of Patanjali products would now be available on the platforms of Amazon, Grofers, Shopclues, Flipkart, BigBasket, 1mg, Paytm Mall and Netmeds. Earlier too, Patanjali products were available on e-commerce platforms, but they were sourced from either the company’s distributor Pittie Group or its brick-and-mortar stores.

India’s largest IT services exporter Tata Consultancy Services (TCS) continued with its spree of signing large deals with the latest being a $690-million contract spread over 10 years with UK-headquartered M&G Prudential. M&G Prudential is the savings and investments business of Prudential and now, TCS will administer the former’s 4 million life and pension contracts by moving it onto a digital platform. Earlier, this contract was managed by Capita, an IT outsourcer based in the UK.

Infosys has delivered a subdued performance with its revenue growing by 1% q-o-q (0.8% q-o-q in CC terms) to $2,755 million in 3QFY18, which is a seasonally weak quarter. Its EBIT margin expanded by 10 bps q-o-q, owing to improved operational efficiency and higher utilisation. While volume grew by a decent 1.6% q-o-q, blended billing rate declined by 0.7% q-o-q. From vertical perspective, BFSI continued to remain under stress with revenue growing by a meagre 0.1% q-o-q.

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