Business news

Harley Cannard- Lean Mean Ecommerce Growth Machine

'Digital accelerates everything so for each day you're in it, learning and adapting, you're gaining a valuable advantage'

Jul 15, 2020

The Air India plane flying the inaugural trip from Lucknow,

Air India to send select staff on leave without pay for up to five years

Air India's board of directors have authorised its Chairman and Managing Director Rajiv Bansal to send employees on LWP "for six months or for a period of two years extendable upto five years".

Jul 15, 2020

Whether India really got new Economic technology discovered by Deepak Sharma

Humankind has no intellectual capability to convert aforesaid assets into monetary funds, therefore humankind is suffering from poverty, crony capitalism, crime and corruption.

Jul 15, 2020

Google to invest Rs 33,737 crore for 7.73% stake in Jio Platforms

With Google's investment, strategic and financial investors have committed a total of 1.52 trillion rupees in the last few months, Mukesh Ambani said at the company's annual shareholders meeting hosted via a webcast.

Jul 15, 2020

Reliance, Wipro lift Indian shares as vaccine hopes boost optimism

India's most valuable stock Reliance Industries rose about 1.1% ahead of an annual general meeting due later in the day after Bloomberg reported on Tuesday that Alphabet Inc's Google was in advanced talks to invest $4 billion in the digital arm of the conglomerate.

Jul 15, 2020

New Oracle Cloud tools to help firms build business continuity

These updates would help finance teams leverage technologies including AI, digital assistants, and analytics to enhance productivity, reduce costs and improve controls.

Jul 15, 2020

Social media claims that hand sanitizer could spark fire in a car during summers

Sanitizers not same as Alcohol; Indians angry over 18% GST on alcohol-based sanitizers

The center is facing backlash over the decision to impose 18 percent GST on essential hand sanitizers.

Jul 14, 2020

Walmart-led investors pump in $1.2 billion in Flipkart Group

With the new investment, Flipkart group is now valued at $24.9 billion. The $1.2 billion will be funded in two tranches over the remainder of the fiscal year.

Jul 14, 2020

Backlash over Reliance Jio's decision to charge voice calls

US 5G giant Qualcomm invests ₹730 crore in Reliance digital unit

India's Reliance Industries on Sunday said Qualcomm Inc's investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion Indian rupees ($97.1 million).

Jul 12, 2020

Amazon says delete TikTok email to employees 'sent in error'

Amazon which has over 840,000 employees globally said there "is no change to our policies right now with regard to TikTok".

Jul 11, 2020

Apple supplier Foxconn to invest $1 billion in India

The move, the scale of which has not previously been reported, is part of a quiet and gradual production shift by Apple away from China as it navigates disruptions from a trade war between Beijing and Washington and the coronavirus crisis.

Jul 11, 2020

Shantanu Narayen, president and CEO, Adobe

How Adobe CEO Shantanu Narayen defied odds, added $3.13bn revenue in Q2

Joining the likes of Microsoft CEO Satya Nadella, Adobe's CEO Shantanu Narayen is the less-familiar face behind the company's phenomenal growth and skyrocketing revenue increase in Q2 2020 to touch $3.13 billion amid economic chaos in Covid-19 times.

Jul 11, 2020

The Beardo Millionaires: Trendy beard category founders exit, sell full stake to Marico

In 2017, Marico acquired a 45% stake in Beardo and now it went ahead and acquired the remaining 55% equity share in Beardo's parent company Zed lifestyle. While details of the transaction value remain undisclosed, the estimated value of the deal could be between Rs 350 to Rs 400 crores.

Jul 10, 2020

Annual IMF, World Bank meetings to be held virtually

The 2020 annual meetings of the International Monetary Fund (IMF) and the World Bank Group will likely be held in a primarily virtual format due to the ongoing COVID-19 pandemic, the leaders of the two institutions announced.

Jul 10, 2020

Ramkumar Ramamoorthy's 23 year-long stint with Cognizant ends

Two top-level exits of Cognizant's India chief Ramkumar Ramamoorthy and head of global delivery Pradeep Shilige were announced by CEO Brian Humphries in an email to employees.

Jul 10, 2020