Business

India's economy will sustain growth of 7.5 to 8%: PM Modi

India's economy will sustain growth of 7.5 to 8%: PM Modi

Modi stopped in Kuala Lumpur briefly on Thursday to meet newly elected Malaysian Prime Minister Mahathir Mohamad before arriving in Singapore . Earlier on Thursday, Modi hailed the "warmest and closest" relationship between India and Singapore , saying the future is a world of unlimited opportunities and the two lions (countries) shall step into it together.


GM's autonomous vehicle unit receives $2.25B boost from investment firm

GM's autonomous vehicle unit receives $2.25B boost from investment firm

It was also announced that GM will be investing $1.1 billion in GM Cruise upon the closing of the transaction. The investment will come in two stages of $900 million immediately and another $1.35 billion once Cruise's autonomous vehicles are ready for commercial deployment, GM said.


Crackdown on high-interest lending announced by FCA

Crackdown on high-interest lending announced by FCA

Provident said by email that the FCA's focus on ensuring the provision of credit and protecting consumers "aligns with how we serve our customers". The FCA said it was also consulting on banning the sale of extended warranties when a rent-to-own contract is signed, which could save consumers up to 7.7 million pounds per year.


Jeep's India and global plans detailed in FCA's five year plan

Jeep's India and global plans detailed in FCA's five year plan

The group believes that the premium that the 500 models command will enable it to better absorb the higher sticker prices of electric technology and is thus readying a new electric version to debut in 2020 and a mild hybrid next year. The 500 family in particular will become a big part of the electrification drive in Europe. But he said that now one in every 17 utility vehicles sold in the world is a Jeep and he expects that to be one in 12 by 2022.


Relief as Italy government sworn in | Saturday Star

Relief as Italy government sworn in | Saturday Star

The government will face confidence votes in both houses of parliament next week, and is expected to win them. Italy's populist parties on Thursday agreed to form a coalition government, almost three months after an inconclusive March 4 general election.


Sears to close one Kansas store

Sears to close one Kansas store

Sears initially said 72 stores were slated to close, but later pulled some of the stores from the closing list to evaluate them further. [ Full list here .] Workers at those stores will receive severance pay and can apply for openings at other nearby Kmart or Sears stores, according to the company.