Corporates

Tata Consultancy To Recruit 1,500 Tech Employees In UK

Tata Consultancy To Recruit 1,500 Tech Employees In UK

Edited by Peter Noronha | Wednesday February 10, 2021

The announcement followed Monday's meeting in Mumbai between visiting UK Trade Secretary Liz Truss and TCS CEO, Rajesh Gopinathan, TCS said in a release to the stock exchanges

Apple Supplier Wistron Says Looking To Re-Start Violence-Hit Kolar Factory

Apple Supplier Wistron Says Looking To Re-Start Violence-Hit Kolar Factory

Reuters | Tuesday February 09, 2021

Wistron was working hard to raise standards and fix issues at the plant in Kolar district, the Taiwanese company said in a statement.

Company With Almost No Revenue Posts 3,000% Gain In 8 Months, Beats Tesla

Company With Almost No Revenue Posts 3,000% Gain In 8 Months, Beats Tesla

Mark Chediak and Catherine Traywick, Bloomberg | Tuesday February 09, 2021

And if investors are certain of one thing in the mania that is sweeping through financial markets, it is that green companies are can't-miss, must-own investments of the future

Court Lifts Hold On Future's $3.4 Billion Retail Deal In Setback For Amazon: Report

Court Lifts Hold On Future's $3.4 Billion Retail Deal In Setback For Amazon: Report

Reuters | Monday February 08, 2021

A two-judge bench hearing Future's appeal on Monday put on hold the previous ruling, which had effectively stalled the mega retail deal.

Paypal To Shut Domestic Payments Business In India

Paypal To Shut Domestic Payments Business In India

Reported by Sakshi Bajaj, Edited by Peter Noronha | Monday February 08, 2021

"From 1 April 2021, we will focus all our attention on enabling more international sales for Indian businesses, and shift focus away from our domestic products in India," the San Jose, California-based company said.

HCL Technologies Employees To Receive Ten Days' Salary As Special Bonus

HCL Technologies Employees To Receive Ten Days' Salary As Special Bonus

Edited by Abhishek Vasudev | Monday February 08, 2021

HCL Technologies on Monday announced that its employees across the world, with service of one year or more, will receive special bonus equivalent to ten days' salary.

New Order On Kishore Biyani Won't Hit Reliance Deal, Says Future Retail

New Order On Kishore Biyani Won't Hit Reliance Deal, Says Future Retail

Bijou George and Rahul Satija, Bloomberg | Thursday February 04, 2021

Future Retail said in a statement that the sanction by the securities regulator against its founder won't affect its plan to sell retail assets to Reliance Industries

Reliance Industries' Subsidiary To Sell Marcellus Shale Assets

Reliance Industries' Subsidiary To Sell Marcellus Shale Assets

Edited by Peter Noronha | Thursday February 04, 2021

Reliance Industries said that its unit will sell its interest in upstream assets in the Marcellus shale play of south-western Pennsylvania in United States to Northern Oil and Gas Inc for $250 million

SEBI Bars Future Group's CEO From Securities Market In Insider Trading Case

SEBI Bars Future Group's CEO From Securities Market In Insider Trading Case

Reuters | Wednesday February 03, 2021

Securities and Exchange Board of India barred Future Group Chief Executive Kishore Biyani and his brother Anil from accessing the securities market for one year

Amazon Scores Interim Win As Delhi High Court Blocks Future's $3.4 Billion Retail Deal

Amazon Scores Interim Win As Delhi High Court Blocks Future's $3.4 Billion Retail Deal

Reuters | Tuesday February 02, 2021

The decision is a setback for Future, the country's second-largest retailer with over 1,700 stores, which agreed to sell its retail businesses to market leader Reliance last year

Future Group's Retail Deal In Doubt After Delhi High Court Backs Amazon

Future Group's Retail Deal In Doubt After Delhi High Court Backs Amazon

Reuters | Tuesday February 02, 2021

The outcome of the ongoing legal dispute is expected to shape India's retail landscape and determine who will take the top spot in the fast-growing groceries market

Future Group Likens Amazon's Bid To Stall Retail Deal To 'Ruthless' Alexander The Great

Future Group Likens Amazon's Bid To Stall Retail Deal To 'Ruthless' Alexander The Great

Reuters | Saturday January 30, 2021

Dubbing it a corporate battle "for supremacy over Indian customers", Biyani's staff e-mail late on Friday said Amazon was "playing the dog in the manger"

India's FDI Inflows Grew By 81% In November 2020 To $10.15 Billion

India's FDI Inflows Grew By 81% In November 2020 To $10.15 Billion

Edited by Nirmalya Sen | Thursday January 28, 2021

India has attracted total FDI inflow of $58.37 billion during April to November 2020

GameStops Wild Ride Has Indian Retail Traders Strapping In

GameStops Wild Ride Has Indian Retail Traders Strapping In

Bloomberg | Thursday January 28, 2021

GameStop has exploded onto trading screens with the stock up more than 1,700 per cent this year

Apple's Business In India Doubled In Last Quarter, But Still Low: Tim Cook

Apple's Business In India Doubled In Last Quarter, But Still Low: Tim Cook

Edited by Peter Noronha (with inputs from agencies) | Thursday January 28, 2021

Apple registered over 60 per cent growth (year-on-year) in its India business in calendar year 2020, while for the festive quarter, the growth was an impressive 100 per cent on a year-on-year basis