Business news

Amazon opens its largest campus globally in e-commerce push

The Seattle-headquartered company is making an ambitious push in India, the last major retail frontier still primarily reliant on a small-scale neighbourhood and mom-and-pop stores.

Aug 21, 2019

Vedanta stares at liquidation of mining business in Zambia

Vedanta has taken the matter to arbitration and made efforts to halt the liquidation process.

Aug 21, 2019

Report of massive financial fraud drags CG Power; MCA launches probe

The shares of the company fell 20 percent on Tuesday following news about the financial fraud.

Aug 21, 2019

India's largest cookie-maker Parle may cut up to 10,000 jobs amid economic slowdown

A sharp drop in Parle's biscuit sales means the company may have to slash production, which may result in layoffs of 8,000-10,000 people.

Aug 21, 2019

State Bank of India moots plan to abolish debit cards

The bank has already rolled 68,000 'YONO cashpoints' and under the process of adding further 1 million cashpoints in next one and a half years.

Aug 21, 2019

Vodafone Idea names Ravinder Takkar as CEO after Balesh Sharma steps down

Sharma waTakkar has been a part of Vodafone Group since 1994 and was the CEO of Vodafone Romania for three years.

Aug 20, 2019

Can India top Vietnam in mobile phone exports to US as China trade war worsens?

NITI Aayog panel will firm up a strategy to lure Vietnam-bound mobile phone makers leaving China fearing US sanctions into setting up factories in India

Aug 20, 2019

Google Maps, toilet locator, travel time, destination, real time traffic data,

Huawei to unveil its own mapping platform, should Google fear MapKit?

Huawei is all set to launch its own mapping platform, which competes directly with Google Maps and Apple Maps to bring out accurate mapping technology. It will be using modern tech enhancement like AR mapping.

Aug 19, 2019

a-bank-of-america-sign-is-shown-on-a-building-in-downtown-los-angeles-california-january-15-2014

Recession fears highest in eight years, BoA-Merrill Lynch survey reveals

Half of as many as 171 managers with $455 billion of assets under management argued that corporates are over-leveraged.

Aug 19, 2019

Amazon, Flipkart gear up for festive season, steepest discount of 2019 expected

Consumers can expect some of the biggest discounts during this year's festive season sale amid e-commerce offering deep discounts.

Aug 19, 2019

Tesla shows interest in building large e-battery plants in India

If India slashes crude consumption it can save precious foreign exchange, besides controlling pollution in major cities.

Aug 19, 2019

Mahindra cuts 1,500 jobs, warns of more pain as auto crisis worsens

More job losses are expected to take place at automotive suppliers and dealers than at original equipment manufacturers.

Aug 19, 2019

Nita Ambani, Isha Ambani, Anant Ambani, Akash Ambani, Mukesh Ambani

Is generational change of ownership happening in Mukesh Ambani's Reliance Group?

High-profile weddings of Mukesh Ambani's children Isha and Akash were more of a corporate PR extravaganza than a family event to launch the twins to the corporate high table.

Aug 17, 2019