Amazon Wholesale faces huge decline due to change in India’s FDI regulations. Amazon India’s wholesale branch which is the business-to-business (b2b) arm of the American e-commerce company, saw a decline of 70% in its revenue at Rs. 33,880 million ($460.51...
The National Investment and Infrastructure Fund (NIIF) is in its final round of fundraising for development projects. Our Bureau US International Development Finance Corporation (DFC) announced Monday that it will invest $54 million in equity for India’s National Investment and...
Earlier this month, an iPhone manufacturing plant near Bengaluru was vandalized, leading to fears that foreign manufacturing companies may go slow on plans. Aerospace company Boeing has canceled its plans to establish a manufacturing unit in Bengaluru, India. Instead, the...
Not just India, the whole of Asia is hit by joblessness as 81 million lost employment. Our BureauMumbai The Indian economy is expected to contract in the range of 1.1 to 13.6 per cent in FY21 over FY20 under different...
Flipkart sees India’s tier-3 as new e-commerce frontier E-commerce marketplace Flipkart said on Friday it witnessed a new user growth of close to 50 per cent right after the lockdown with tier 3 regions registering the highest growth of 65...
Pushing for rollout of 5G, RIL chairman says digital technology has evolved into a platform of unlimited enablement and empowerment from being a means of limited engagement Our BureauMumbai Reliance Industries Limited Chairman Mukesh Ambani on Tuesday said that the...
Adani Group seeks action against fake news wrongdoers Adani Group has written a letter to Union Minister for Law and Justice Ravi Shankar Prasad over a planned attempt to malign the reputation of the prominent business houses through fake...
Data for third quarter of 2020-21 confirm that economy is recuperating faster than anticipated, more sectors joining multi-speed upturn. Our BureauNew Delhi The Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said that the Indian economy was recovering...
On the positive side, sharp decline in pollution across the country: Report Our BureauNew DelhiContracting for the eighth consecutive month, the output of eight core infrastructure sectors dropped by 2.5 per cent in October, mainly due to decline in production...
Murugappa Group’s engineering firm Tube Investment of India (TII) is raising Rs 350 crore in capital from Azim Premji Trust and two schemes of SBI Mutual Fund, the company said on Thursday. The fund raise is part of the group’s...
