Corporates

From addition of new mobile apps in the existing JioPhone device to opening of online registrations for JioGigaFiber, a fiber-based broadband service announced by the telecom company in July this year, Reliance Jio will give its existing as well as potential subscribers some new options to access its services.

Infosys will invest approximately Rs 100 crore in the first phase of construction to build a 525,000 square feet facility, in which the company will create employment for 1000 engineers initially.

Smitha V Crishna is the third-generation heir of the Godrej empire.

The consolidated net profit for the corresponding quarter of the previous fiscal stood at Rs 4,736.15 crore, the company said in a BSE filing.

Microsoft's Satya Nadella sold 328,000 shares in multiple trades at prices ranging from $109.08 to $109.68 as the stock trades near a record price.

An additional 10 per cent cashback is available on purchases done via Citi Bank's credit cards during the 'Big Freedom Sale', said Flipkart.

The five-day Big Bazaar 'Mahabachat' sale will open on Saturday, August 11. Hypermarket retail chain Big Bazaar, operated by Future Group's flagship company Future Retail, has presence in over 100 cities across the country.

The Amazon Freedom Sale will be open till 11:59 pm on August 12, 2018, Amazon India said. Amazon India has also announced an additional cashback of 10 per cent for customers making purchases using State Bank of India (SBI) debit and credit cards.

Walmart announced in May it was acquiring about 77% of Flipkart for roughly $16 billion in the biggest deal for India's e-commerce sector.

Five years, commitment of 30 per cent local sourcing and a planned investment of Rs 10,500 crore is what Swedish furniture retailer Ikea had to make to launch its first store in India. The long-awaited Ikea store opened on Thursday in a 13-acre complex in the heart of HITEC City, Hyderabad. It has not been an easy journey - Ikea India launch was much delayed because of regulatory norms and quality commitments. And now, when Ikea has finally made a foray into the Indian market, the company has ensured that it adapts to local tastes and prices to win over customers in a market that is dominated by a multitude of vendors selling ready-made or made-to-order furniture.

All directors and promoters of real estate major Amrapali Group will be rendered homeless if the company fails to deposit Rs 5,000 crore needed to build unfinished projects, the Supreme Court warned on Wednesday. The top court also directed the group to submit a proposal on selling of its assets to raise Rs 4,000 crore to enable completion of housing projects. The company has been facing the wrath of the Supreme Court after homebuyers moved the top court for not getting their flats delivered on time.

Investment will be primarily led by Samsung Electronics, the world's biggest maker of memory chips, which has faced a string of setbacks in recent years.

The much-awaited Ikea store opened on Thursday in India. The Swedish furniture retailer's lndia debut has been much delayed because of local sourcing norms. The company, which has flagged import duties in India faces a big challenge as it tries to keep prices low. It has to source at least 30 per cent of its raw materials locally within five years of operations in the country as per regulation. However, Ikea is adapting to the needs of the Indian consumer and has made changes in prices as well as the variety of products on offer.

A quick check on IKEA's newly launched India website showed popular products looked cheaper than in the United States.

In a letter to Tesla employees published more than an hour later on the company's blog, Elon Musk explained that going private would be "the best path forward."