Kerala seeks business ideas, winners to get lucrative cash prizes and incentives

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Thiruvananthapuram, Nov 24 (IANS): The Kerala government on Thursday announced an innovative idea contest “Dreamvestor” carrying Rs 5 lakh as first prize, for prospective entrepreneurs and business aspirants to present their ideas before an eminent panel and explore the possibility of converting their concepts into business ventures. State Industries Minister P. Rajeev, while officially … Read more

Groupon to lay off 500 employees as struggling Chicago-based online marketplace seeks financial turnaround

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Groupon is laying off 500 employees, or nearly 15% of its global workforce, as the struggling Chicago-based online marketplace seeks to cut costs amid falling revenues. The total includes 293 positions associated with the headquarters at 600 W. Chicago Ave., although many employees are working remotely, Groupon spokesman Nick Halliwell said Monday evening. The company … Read more

China Seeks Silk Road Revival Through Heavy Investment in the Middle East – The Media Line

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Energy security and Belt and Road Initiative are the forces driving China’s relations with the region, expert tells The Media Line China has become a very important source of investment in the Middle East and North Africa in recent years. Its economic influence has expanded as never before, and it is expected to keep growing. … Read more