Business news

Flipkart to buy 8% stake in Aditya Birla Fashion and Retail for $203.78 million

Walmart Inc's Flipkart will invest 15 billion rupees ($203.78 million) in Aditya Birla Fashion and Retail Ltd for a 7.8% stake, the fashion apparel company said here on Friday, Oct 23.

Oct 23, 2020

Wahid Badami's Marvans Mobile online store serving customers across the country now

Marvans Mobile has 3 stores across Vadodara, each with its own unique architecture and interiors

Oct 21, 2020

Qualcomm, Reliance Jio light up India's first 5G trials, top 1000 MB speeds

Inching closer to its 5G rollout, India's Reliance Jio, which counts 400 million subscribers on its 4G network in India, achieved a 1000 Mbps throughput milestone for its first round of 5G trials in partnership with US wireless-communication chip giant Qualcomm Inc.

Oct 21, 2020

CONCEIVED, STRIVED, CONQUERED: A boy from a town to the crown

At the age of admiring the ideals, he's becoming an inspiration for others. It is not a cakewalk to run a business at a young age but Yash Raj Dadhich has been pulling it off seamlessly

Oct 20, 2020

Jeff Bezos vs Mukesh Ambani: Battle royale for India's retail crown

The arbitration proceedings between Amazon and Kishore Biyani have begun in Singapore. Former Attorney General of Singapore, V.K. Rajah concluded arbitration hearing on Friday, October 16 and will deliver his ruling on or before Monday, October 26, sources said.

Oct 20, 2020

Paytm enters credit card biz, to issue 20 lakh cards in 12-18 months | All you need to know

Leading digital financial services platform Paytm on Monday said it will partner with various card issuers to introduce co-branded credit cards and is aiming to issue 20 lakh cards in the next 12-18 months.

Oct 19, 2020

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GST compensation: Centre to borrow ₹1.1 lakh crore for state governments | What it means

The announcement would mean that state governments would not be forced to borrow funds to finance the shortfall aroused out of multiple reasons including lower than expected revenue and lockdown.

Oct 15, 2020

Air India facing a very challenging financial situation: Hardeep Puri

In a letter to Rajya Sabha MP Binoy Viswam, Puri provided clarification on Air India's financial condition and the LWP scheme.

Oct 15, 2020

Great news for Infosys employees; salary hike, special bonus, promotions in offing

Software behemoth today reported a 20.6% rise in September-quarter profit, majorly driven by jump in demand for its new-age digital services such as cloud, data and analytics during the pandemic

Oct 14, 2020

Paytm's top-level execs promoted to senior roles, more changes to come | Details

Paytm has set its eyes on IPO sometime in 2022 and is already making some crucial changes at the top-level management to lay a firm structure.

Oct 12, 2020

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

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