Business news

Saudi Arabia's PIF to buy 2.04% in Reliance Retail for Rs 9,555 cr

Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that the Public Investment Fund (PIF) will invest Rs 9,555 crore (approximately $1.3 billion) for an equity stake of 2.04 per cent into RRVL, a subsidiary of Reliance Industries.

Nov 5, 2020

RIL Q2 result: Mukesh Ambani loses $5 billion as share tanks more than 8%

RIL's stock has outperformed Sensex with a 29% jump since the beginning of this year but due to crashing oil demand, its revenues fell

Nov 2, 2020

Selling home food without license: Rs 5 lakh fine, six months jail awaits

It Is Illegal to operate a food business without an FSSAI license. If anyone is found selling even home-food without one could invite a fine of Rs 5 lakhs or six months jail.

Nov 1, 2020

Who is Mohit Joshi; new CEO of Havas Media Group

Mohit Joshi was managing director of Havas Media Group before being promoted to the role of CEO.

Oct 30, 2020

President Trump slams Visa Lottery Program at FBI National Academy graduation ceremony

H-1B visa only for those with top salary offers; Trump admn moves to scrap lottery system

The US has so far been using a lottery system to randomly select the 85,000 people who would get the visas because of the high number of applicants - more than 200,000 this year.

Oct 29, 2020

IndusInd Bank first to go live on RBI's Account Aggregator framework; benefits explained

RBI's AA framework enables an open banking ecosystem, allowing individuals and small and medium businesses to avail services seamlessly as financial information is made easily accessible.

Oct 29, 2020

Flipkart emerges winner during festive sale; Amazon thinks not

Amazon has responded to the RedSeer report, raising questions on its methodology that helped draw the conclusion that Flipkart was the winner in terms of sales.

Oct 28, 2020

Airtel enters $1bn cloud communications market in India

Telecom major Bharti Airtel on Monday launched a new platform called Airtel IQ, marking the company's entry into an estimated $1 billion Indian cloud communications market.

Oct 26, 2020

'Thank you, Aditya Puri, for 25 glorious years': HDFC pays grand tribute to outgoing boss

India's largest private sector lender HDCF bank has paid tribute to its outgoing Managing Director and Chief Executive Officer, Aditya Puri. Aditya Puri played the central role in making HDFC bank the largest private sector lender in India

Oct 24, 2020

ITR filing deadline for FY 2019-20 extended: Check new dates here

Citing the COVID-19 pandemic, the central government has extended the ITR filing deadline for the second time.

Oct 24, 2020

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.