Sri Lankan rupee edges down on importer dollar demand; stocks fall

The Sri Lankan rupee traded weaker on Monday as importer dollar demand surpassed selling of the U.S. currency by exporters, dealers said. The spot rupee was traded at 145.80/95 per dollar at 0625 GMT, slightly weaker from Thursday’s close of...
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U.S., China to step up cooperation on North Korea

U.S. President Barack Obama and Chinese Premier Li Keqiang agreed on Monday to step up cooperation in the United Nations Security Council and in law-enforcement channels after North Korea’s fifth nuclear test, the White House said. China and the United.....
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U.S. may seek power to pre-approve self-driving car technology

The Obama administration said Monday it was considering seeking the power to review and approve technology for self-driving cars before they hit the road and said U.S. states should not set separate rules. The U.S. Transportation Department, in its most...
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MAPS International enters domestic water pumps market with European standard products

MAPS International Pvt Ltd that has been dealing in vehicle tyres, tyre rebuilding and tyre inner-flaps, building materials and electrical appliances commenced distributing domestic water pumps. A range of domestic water pumps manufactured to European stand...
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Bajaj Electricals Ltd. launches World Class Range of Appliances, Fans and Lighting Products in Sri Lanka

Bajaj Electricals Ltd, India’s leading consumer durable and lighting company Launches range of futuristic products in Sri Lanka. Bajaj Electricals also appoints Mans Lanka (Pvt) Ltd, a subsidiary of the Macksons Holdings Group of Companies, for the distrib...
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Samsung Electronics says sold shares in four companies

Tech giant Samsung Electronics Co Ltd said on Sunday it sold shares in four companies including ASML Holding NV and Seagate Technology Plc to free up money for additional investments for its core businesses. Samsung said in a statement it...
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Sunshine Holdings taps into MTI’s HRM advisory

Recognized as one of Sri Lanka’s fast growing and most respected business groups, Sunshine Holdings has once again retained the HRM advisory services of MTI Consulting. With strong market positions in its 3 core focus areas of agribusiness, healthcare and...
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EFL strengthens its management team: Shanmugam Senthilnathan promoted to CEO while Peter Larsen joins as COO

EFL announced the appointment of key personnel to the company’s headquarters in Colombo with S. Senthilnathan being promoted to CEO while former DSV Regional Director Peter M Larsen assumed the role of COO. Mr. Senthilnathan, who joined Expo Group in 1...
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RCom, Aircel to merge businesses as India telco consolidation gathers pace

India’s Reliance Communications Ltd (RLCM.NS) is to combine its wireless business with smaller rival Aircel to create the nation’s third-biggest mobile phone network operator in terms of subscribers, as intensifying competition pushes consolidation...
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Twitter launches video app for Apple and Amazon TV, Xbox One

Twitter Inc launched a new video streaming application for Apple Inc and Amazon.com Inc TV platforms, as well as Microsoft Corp’s Xbox One gaming console as it brings its video content to the forefront. Shares of Twitter were up nearly...
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