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Companies

IKEA

IKEA Group full-year profit drops 26 pct as investments weigh

Operating profit at the world's biggest furniture group was 2.25 billion euros ($2.54 billion) against 3.03 billion in the previous fiscal year. Nov 29, 2018
Luxury car rental

Revv launches OPEN self-drive car rental service in metros

The startup's offer of new self-drive cars for up to 48 months for a monthly subscription promises a shakeup in personal mobility space. Nov 29, 2018
Telecom towers 4g servces reliance airtel competition reliance jio iartel tata telecom india 3g

TRAI pulls up Airtel and Vodafone Idea for minimum recharge plans

Telecom companies are exploring new ways of boosting their average revenue per user (ARPU) which had taken a hit due to price war triggered by the new entrant, Reliance Jio Infocomm Ltd. in the telecom sector Nov 28, 2018
Amazon logo

Amazon Web Services to help skilled students find Cloud computing jobs

Another tool called "Interview Accelerator" in "AWS Educate" will help candidates advance through the job application process faster. Nov 28, 2018
Amazon logo

Battle for India's e-commerce market: Amazon India beats Flipkart for the first time in gross sales

However, the report revealed that Flipkart has an edge over Amazon when it comes to revenues. Nov 28, 2018
IKEA store in Hyderabad, India

IKEA India yet to start online sales but products are on sale on Amazon, Flipkart

IKEA products like chairs, stools, saucepan sets, artificial potted plant, multipurpose containers, cutleries and others are currently being offered on popular e-commerce websites. However, these are not sold directly by IKEA. Nov 28, 2018
jet airways, jet airways q4 results, jet airways share price, aviation stocks, spicejet share price, spicejet q4 results

Jet Airways shares zoom as hopes soar Naresh Goyal would sell controlling stake

Reports had emerged on Monday that chairman Goyal was willing to cut his equity stake in Jet to as low as 15 percent in order to prevent the carrier going belly up. Nov 28, 2018
Nestle water

Nestle close to acquiring Horlicks from GSK India

A deal for the children's malt-based health drink brand will extend the Swiss giant's dominance in India's processed food market. Nov 28, 2018
jack ma, alibaba, chinese startups, jack ma paytm, indian startups

Alibaba's Jack Ma is a Communist Party member, reveals China state paper

Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China's best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached. Nov 27, 2018
Infosys

Retaining talent: Infosys doubles pay for 'skilled up' employees

The programmes are for Infosys employees associated with the company for more than three years to stop them from moving to another company or pursue higher studies. Nov 27, 2018
Anil Ambani

RCom fears DoT bank guarantee push can scupper assets sale deal with Jio

Anil Ambani's company told the top court that government ignored collateral security worth Rs 1,400 cr while seeking Rs 2,940 cr bank guarantee. Nov 27, 2018
INDIA-ECONOMY

Flipkart co-founder Sachin Bansal eyes comeback with fintech and agri-tech on radar

Sachin has reportedly partnered with Ankit Aggarwal, his IIT-Delhi friend and has offered him to take the position as a founder and partner employee of the proposed platform. Nov 27, 2018
General Motors, USA

General Motors shaking things up; to cut 15% jobs, shuts down 5 plants in North America

In 2019, General Motors will wind up operations of plants in Detroit, Ohio and Ontario, Canada, and transmission factories in Michigan and Maryland. GM has already announced the closure of the assembly plant in Gunsan, South Korea. Nov 27, 2018
Carlos Ghosn

Mitsubishi Motors ousts Carlos Ghosn as chairman, days after Nissan firing

Carlos Ghosn was removed from his role as chairman, following his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct. Nov 26, 2018
IndiGo

IndiGo introduces charges for web check in; draws flak from passengers

While checking in through the website of the carrier, a passenger will have to pay between Rs. 100 and Rs. 800 depending upon the seats selected. Nov 26, 2018
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