Corporates

Apple Becomes World's Biggest Smartphone Seller In Fourth Quarter

Apple Becomes World's Biggest Smartphone Seller In Fourth Quarter

Reuters | Thursday January 28, 2021

Data from research firm IDC showed Apple's shipments surged 22 per cent to 90.1 million phones in the quarter, giving it global market share of 23.4 per cent and marking a record for the company

Government Likely To Announce Sale Of IDBI Bank, Stake in LIC: Sources

Government Likely To Announce Sale Of IDBI Bank, Stake in LIC: Sources

Reuters | Thursday January 28, 2021

The government plans to announce the sale of a 10 per cent to 15 per cent stake in the state-run Life Insurance Corporation in next week's budget, as part of a privatisation push to improve public finances, two government sources said

In New Move Against Future, Amazon Seeks Indian CEO's Detention

In New Move Against Future, Amazon Seeks Indian CEO's Detention

Reuters | Monday January 25, 2021

The dispute centres around Future's decision in August to sell its retail, wholesale, logistics and some other businesses to Reliance for $3.38 billion, including debt

Amazon Tries To Block Future's Asset Sale To Reliance After Indian Regulatory Approval

Amazon Tries To Block Future's Asset Sale To Reliance After Indian Regulatory Approval

Reuters | Monday January 25, 2021

The dispute centres around Future's decision in August to sell its retail, wholesale, logistics and some other businesses to Reliance for $3.38 billion, including debt

Tencent-Backed Start-Up Preps For World's Biggest Tech IPO Since Uber

Tencent-Backed Start-Up Preps For World's Biggest Tech IPO Since Uber

Julia Fioretti, Bloomberg | Monday January 25, 2021

The short video startup, backed by Tencent Holdings, is selling 365 million shares at HK$105 to HK$115 each, according to terms of the deal obtained by Bloomberg News

SEBI Approves Reliance-Future Group's Rs 24,000 Crore Retail Deal

SEBI Approves Reliance-Future Group's Rs 24,000 Crore Retail Deal

Edited by Peter Noronha (with inputs from agencies) | Thursday January 21, 2021

In August 2020, Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries, had announced that it was acquiring the retail and wholesale business, logistics and warehousing business from the Future Group

Jack Ma Appears For First Time In Three Months; Alibaba's Shares Soar 6%

Jack Ma Appears For First Time In Three Months; Alibaba's Shares Soar 6%

Reuters | Wednesday January 20, 2021

Mr Ma had not appeared in public since October 24, where he blasted China's regulatory system in a speech at a Shanghai forum that set him on a collision course with officials

Government Plans Foreign Investment Rule Changes That Could Hit Amazon

Government Plans Foreign Investment Rule Changes That Could Hit Amazon

Reuters | Tuesday January 19, 2021

Amazon and Walmart's Flipkart were last hit in December 2018 by investment rule changes that barred foreign e-commerce players from offering products from sellers in which they have an equity stake.

Gautam Adani Latest To Sell Stake To Overseas Partner After Mukesh Ambani

Gautam Adani Latest To Sell Stake To Overseas Partner After Mukesh Ambani

Baiju Kalesh, Manuel Baigorri, Francois de Beaupuy and P R Sanjai, Bloomberg | Tuesday January 19, 2021

Paris-based Total will acquire 20% of Adani Green Energy Ltd. and a board seat as well as a 50% stake in a portfolio of operating solar assets with 2.35 gigawatts capacity

Jindal Steel In Talks To Get COVID-19 Vaccines For Employees

Jindal Steel In Talks To Get COVID-19 Vaccines For Employees

Reuters | Monday January 18, 2021

Another steel producer, Tata Steel Ltd said the company would vaccinate its employees as per the government guidelines when vaccines were made available.

Tata Motors Ties Up With Banks, NBFCs To Assist Commercial Customers

Tata Motors Ties Up With Banks, NBFCs To Assist Commercial Customers

Asian News International | Monday January 18, 2021

Tata Motors has tied up with HDFC Bank, ICICI Bank, Yes Bank, Equitas Small Finance Bank, AU Small Finance Bank and the newly-merged entities of public sectors Union Bank and Punjab National Bank

Billionaire Ajay Piramal's Conglomerate Wins Bid For Bankrupt Shadow Lender DHFC

Billionaire Ajay Piramal's Conglomerate Wins Bid For Bankrupt Shadow Lender DHFC

Suvashree Ghosh, Bijou George and Baiju Kalesh, Bloomberg | Monday January 18, 2021

A resolution plan for Dewan from Piramal Enterprises' own shadow bank, Piramal Capital & Housing Finance was approved by Dewan's committee of creditors in a vote on Friday

China's Tencent Acquires Audiobook Platform Lazy Audio For $417 Million

China's Tencent Acquires Audiobook Platform Lazy Audio For $417 Million

Reuters | Saturday January 16, 2021

The acquisition comes at a time when the music streaming site is looking to bolster its content library in order to put it behind a paywall and add more paid users

Google Shores Up Fitbit Deal Amid Antitrust Concerns

Google Shores Up Fitbit Deal Amid Antitrust Concerns

Edited by Nirmalya Sen | Friday January 15, 2021

Fitbit's 29 million users privacy will continue to be protected as per Google's agreement with international regulators

China Tech Giant Xiaomi Dives 11% After Being Blacklisted By USA

China Tech Giant Xiaomi Dives 11% After Being Blacklisted By USA

Agence France-Presse | Friday January 15, 2021

The move is the latest salvo by the White House against Beijing as Donald Trump's presidency comes to an end, and follows similar actions against other tech firms including Huawei and chip giant SMIC