Business news

Entrackr CEO Jai Vardhan's journey to success: Exclusive

IBTimes' freewheeling conversation with Entrackr's co-founder and CEO Jai Vardhan

Oct 11, 2020

India's biggest Amazon fulfilment centre inaugurated in K'taka

The expansion in Karnataka is a part of the company's plans announced in July to add 10 new fulfilment centres and expand seven existing sites in the country.

Oct 9, 2020

One-third Indian workers face increased burnout at work: Microsoft

As the work-life balance get blurred globally in the pandemic times, India came out top with over 41 per cent of workers citing the lack of separation between work and personal life negatively impacting their wellbeing, resulting in increased stress levels, a Microsoft study revealed.

Oct 7, 2020

India's September gold imports fall 59% to four-month low

India's gold imports in September fell 59% from a year earlier to the lowest level in four months, a government source said on Tuesday, as a drop in prices from a record high failed to lure buyers, which were postponing purchases anticipating bigger drop.

Oct 6, 2020

Over 1 lakh kirana stores to take part in Amazon's festive sales

Over 1 lakh Amazon-enabled local shops, kirana and neighbourhood stores across India will serve customers in the upcoming festive season on the e-commerce platform.

Oct 5, 2020

Reliance Retail Ventures attract Rs 1,837 crore investment from TPG

TPG's investment will translate into a 0.41 per cent equity stake in RRVL on a fully diluted basis.

Oct 3, 2020

Silver Lake co-investors buy additional stake in Reliance Retail for Rs 1,875 crore

Reliance Industries Ltd (RIL) and Reliance Retail Ventures Ltd (RRVL) announced on Wednesday that co-investors of Silver Lake will invest an additional Rs 1,875 crore into RRVL, a subsidiary of RIL.

Oct 1, 2020

Remember East India Company? They usurped India once, an Indian owns it now

The company, owned by businessman Sanjiv Mehta, is a luxury food brand today retailing teas, coffees and food items in London.

Oct 1, 2020

Backlash over Reliance Jio's decision to charge voice calls

General Atlantic to invest Rs 3,675 cr in Reliance Retail

US-based private equity firm General Atlantic will invest Rs 3,675 crore for a 0.84 per cent stake in Reliance Retail, the Indian firm said on Wednesday.

Sep 30, 2020

Walmart in talks to invest $25 billion in Tata Group's 'super app'

Walmart Inc is in talks with Tata Group for an investment of up to $25 billion in the Indian salt-to-software conglomerate's new "super app", the Mint newspaper reported on Tuesday, citing people familiar with the matter.

Sep 29, 2020

Amnesty International quits India as funds dry; blames govt witch-hunt

Amnesty International has now shut its operations in India and has levelled serious allegations against the Indian government and calls the government's reprisal of the organisations a 'witch-hunt'

Sep 29, 2020

India's Aug crude steel output falls 4%, China logs 8% rise

Production of crude steel in India in August declined 4.4 per cent on a year-on-year basis to 8.48 million tonne (Mt), according to data from the World Steel Association.

Sep 27, 2020

Vodafone Idea starts upgrading 3G users to 4G in key markets

Vodafone Idea Limited (VIL) said that it has substantially enhanced 4G capacity by consolidating the Vodafone and Idea networks and deployment of latest technologies enabling it to upgrade large chunks of 3G spectrum to 4G.

Sep 27, 2020

Reliance retail sells 1.28% stake to KKR for Rs 5,550 crore, second deal in 2 weeks

Reliance Industries Limited on Wednesday announced that global investment firm KKR will invest Rs 5,550 crore into its subsidiary Reliance Retail Ventures Limited to pick up 1.28 per cent equity in the company.

Sep 23, 2020

HDFC Bank faces class action law suit in U.S; offers clarification

HDFC Bank denies the allegations and intends to defend itself vigorously in the lawsuit. The Bank expects its response to the lawsuit to be due in early 2021.

Sep 21, 2020