Jeff Bezos will step down from his position of CEO of Amazon in the third quarter of 2021 and transition into the Executive Chair of the company. On Tuesday, Amazon announced that the company’s founder Jeff Bezos will step down...
On Monday, a Boston-based India-centric chamber of commerce said that the increase in healthcare outlay in India’s latest annual budget will lead India to be a healthier country, and the thrust on infrastructure will boost growth and generate jobs. President...
Local traders in India have complained that e-commerce giants Amazon and Walmart’s Flipkart promote only certain sellers and offer extensive discounts which hamper the growth of small local retailers. On Friday, the US-India Business Council (USIBC) that represents firms including...
Economic Survey recommends an increase in public spending on healthcare services from 1% to 2.5 to 3 % of GDP as envisaged in the National Health Policy 2017 Our BureauNew Delhi The Economic Survey 2020-21 tabled by Finance Minister Nirmala...
Oil marketing firm IndianOil Corporation (IOC) said on Friday its net profit for December quarter more than doubled to Rs 4,917 crore from Rs 2,339 crore in the year-ago period. This was largely as the value of inventory increased due...
The combined Index of eight core industries stood at 133.8 in December 2020 and declined by 1.3 (provisional) per cent as compared to the Index of December, 2019, Commerce Ministry said on Friday. Its cumulative growth during April to December...
Boeing will compete with France's Rafale and Sweden's Gripen among others for the Indian Air Force's plan to buy 114 multi-role aircraft in order to replace its Soviet-era fleet. On Thursday, a senior executive at Boeing said that the aerospace company...
On Tuesday on the occasion of India’s 72nd Republic Day, the US-India Business Council (USIBC) suggested a series of major recommendations to the Biden administration to strengthen the India-US ties, including reconstitution of the existing US-India Trade and Commercial dialogue...
Our BureauNew Delhi The Reserve Bank of India (RBI) on Friday proposed tighter regulations for large non-banking finance companies (NBFCs) and creation of a multi-layer model in the fast-growing industry. In a discussion paper it has proposed a multiple layer...
Indigenously developed 5G Radio integrated with Jio's 5G Core Network and 5G Smartphones achieve over the air throughputs in excess of 1 Gbps Our BureauNew Delhi Jio Platforms Ltd has achieved USD 10 billion annualized operating revenue run-rate during the...
