Corporates

Reliance Jio To Transform 50 Million MSMEs With Fiber Connectivity, Digital Services

Reliance Jio To Transform 50 Million MSMEs With Fiber Connectivity, Digital Services

Edited by Nikita Prasad | Wednesday March 10, 2021

The new integrated offering 'Jio Business' intends to offer digital solutions such as voice and data services to empower enterprises for managing and growing their businesses

Unilever To Exclude Word 'Normal' From Beauty Products For Inclusivity

Unilever To Exclude Word 'Normal' From Beauty Products For Inclusivity

Reuters | Tuesday March 09, 2021

Globally, more than a hundred Unilever brands will have the word "normal" removed to describe skin type or hair texture, and replaced with terms such as "grey hair" for shampoos or "moisture replenish" for skin creams by March next year.

Rashtriya Ispat Nigam To Sell Land In Vizag, May Garner Rs 1,000 Crore

Rashtriya Ispat Nigam To Sell Land In Vizag, May Garner Rs 1,000 Crore

Press Trust of India | Sunday March 07, 2021

On Thursday, state-run construction company NBCC had announced signing an MoU with Rashtriya Ispat Nigam for redevelopment and monetisation of its 22.19 acres of land in Visakhapatnam

Wipro To Buy UK-Based Consultancy Capco For $1.45 Billion

Wipro To Buy UK-Based Consultancy Capco For $1.45 Billion

Reuters | Thursday March 04, 2021

London-based Capco makes 96 per cent of its revenue from Europe and North America, from where Indian IT services companies have traditionally won the most lucrative contracts.

Infosys, Accenture To Cover COVID-19 Vaccination Costs For Indian Employees

Infosys, Accenture To Cover COVID-19 Vaccination Costs For Indian Employees

Reuters | Thursday March 04, 2021

Several companies, including autos-to-technology conglomerate Mahindra Group and consumer goods giant ITC Ltd, had already started considering buying COVID-19 vaccines for their employees

Government Woos Tesla With Offer Of Cheaper Production Costs Than China

Government Woos Tesla With Offer Of Cheaper Production Costs Than China

Reuters | Wednesday March 03, 2021

Nitin Gadkari's pitch comes weeks after billionaire Elon Musk's Tesla registered a company in India in a step towards entering the country, possibly as soon as mid-2021.

Spectrum Auction: Bharti Airtel Buys Radiowaves Worth Rs 18,699 Crore

Spectrum Auction: Bharti Airtel Buys Radiowaves Worth Rs 18,699 Crore

Press Trust of India | Tuesday March 02, 2021

Airtel said in a statement that it acquired radiowaves worth 18,699 crore entailing 355.45 MHz spectrum across Sub GHz, mid band and 2300 MHz bands

Flipkart Expands Online Grocery Sales To More Cities

Flipkart Expands Online Grocery Sales To More Cities

Reuters | Tuesday March 02, 2021

The Bengaluru-based firm said its grocery service had grown "exponentially" in the past year when many Indians began buying essential supplies online due to the health crisis.

Mobile Retailers Call For Amazon Probe, Cap On Online Smartphone Sales

Mobile Retailers Call For Amazon Probe, Cap On Online Smartphone Sales

Reuters | Monday March 01, 2021

In a letter sent to Modi, the group cited a Reuters special report published last month that revealed Amazon has for years given preferential treatment to a small group of sellers on its Indian platform, using them to circumvent the country's strict foreign investment regulations.

Reliance Partners With Google, Facebook For Digital Payment Network Bid: Report

Reliance Partners With Google, Facebook For Digital Payment Network Bid: Report

Reuters | Saturday February 27, 2021

Digital payments in India could rise to $135.2 billion in 2023, according to an Assocham-PWC India study in 2019.

Flipkart Ties Up With Hero, Mahindra To Deploy Over 25,000 Electric Vehicles

Flipkart Ties Up With Hero, Mahindra To Deploy Over 25,000 Electric Vehicles

Edited by Nikita Prasad (With inputs from Agencies) | Wednesday February 24, 2021

Flipkart has partnered with Hero Electric, Mahindra Electric, as well as Piaggio for the specific vehicles to be deployed or its first and last-mile delivery fleet across the country.

Auto Parts Supplier Sona BLW Files For Rs 6,000 Crore IPO

Auto Parts Supplier Sona BLW Files For Rs 6,000 Crore IPO

Edited by Nirmalya Sen | Wednesday February 24, 2021

Sona BLW: The IPO of shares of face value of Rs 10 each consists of a fund-raiser through fresh issue amounting to Rs 300 crore and an offer for sale aggregating up to Rs 5,700 crore by selling shareholder Singapore VII Topco III Pte Ltd

Mahindra Electric Vehicles To Power Amazon India Deliveries

Mahindra Electric Vehicles To Power Amazon India Deliveries

Reuters | Tuesday February 23, 2021

Mahindra Electric's "Treo Zor", a three-wheeler vehicle powered by a lithium-ion battery, has been deployed in major metro cities like Bengaluru, New Delhi and Hyderabad

Reliance Expects Approvals For Oil-To-Chemicals Business Spin-Off By Second Quarter

Reliance Expects Approvals For Oil-To-Chemicals Business Spin-Off By Second Quarter

Reuters | Tuesday February 23, 2021

Reliance, owned by billionaire Mukesh Ambani, will retain full control of the business post-restructuring, the company said in the presentation.

Thomas Cook India Stock Gains After Plan To Raise Rs 450 Crore Through Preferential Issue

Thomas Cook India Stock Gains After Plan To Raise Rs 450 Crore Through Preferential Issue

Edited by Nirmalya Sen | Monday February 22, 2021

The company's board of directors has approved the issuance of up to 45 crore OCCRPs of the face value of 10 each to promoter Fairbridge Capital Mauritius Ltd through private placement on a preferential basis