The rule increasing the processing time from five to fifteen days was met with waves of complaints as it hinders business operations.
Tags: Business
New York Life acquires Dexia Asset Management
The largest US life insurer New York Life Insurance Co purchases Dexia Asset Management. The largest US life insurer owned by policyholders, New York Life Insurance Co had entered into an agreement to acquire a Dexia SA unit worth EUR380 million or USD512 million.
Investors in the Saudi Arabian industry have pulled out from the business
Saudi Arabia's taxi business is in chaos with the conflicting regulations, leading to the pull out of investors.
Former Lehman Brothers employees help wind down bank's business
Tom Bolland, current COO of Lehman is helping wind down the bank's business. Tom Bolland, current chief operating officer of Lehman Brothers International Europe, is under the employ of Tony Lomas, joint administrator and PriceWaterhouseCoopers Partner, is providing assistance as the bank winds down its business and maximizes its recoverable assets.
VistaJet Holdings to grow business in India
With an increasing number of clients needing private air carrier services, both VistaJet and NetJets are scrambling for the Indian market.
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Harman International Industries Inc CEO Dinesh Paliwal said that the European market is improving as two of its largest automakers have reported healthy profits for the second quarter of 2013.
To better achieve business goals for their partners, the InfoTrust Group utilizes the goodwill and leverage the Flatirons Solutions name provides.
Holcim would pay Cemex to absorb some of its businesses in Europe. Holcim, the Swiss cement maker, is planing to exchange assets and combine others with Cemex, its Mexican competitor in Europe.
BBA and DAE discuss merger possibilities. The world's largest producer of bases for business jets, BBA Aviation Plc was in discussion with Dubai Aerospace Enterprise Ltd, an aircraft leasing company, as to the combination of their business enterprises.
Apple announced that several key features of the iOS 7 is directed towards its business users. Apple announced that their newest upgrade to the operating system, called the iOS 7, will focus more on businesses.
Unilever would operate its food seasonings plant in Yangon, Myanmar by end of the month. The second largest consumer goods company in the world, Unilever, has said it has started to manufacture food seasoning in its plant in Myanmar.
According to its Chairman, Mukesh Ambani, Reliance Industries would expand its business operations in the next three years.
Due to the lack of promised reforms, many investors are moving their investments from Russia to other countries.
As one of the most productive cities in the world, the one week terror lockdown has both economic and emotional scars on the proud city.
