Industries

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.

Indian E-commerce Startup Udaan Raises $280 Million From Tencent, Others

Indian E-commerce Startup Udaan Raises $280 Million From Tencent, Others

Edited by Nirmalya Sen | Wednesday January 06, 2021

Udaan said existing investors including Chinese tech giant Tencent, Lightspeed Venture Partners, DST Global, GGV Capital and Altimeter Capital participated in the fundraising, along with new investors Octahedron Capital and Moonstone Capital

Automakers Fear Production Losses Due To Global Shortage Of Containers

Automakers Fear Production Losses Due To Global Shortage Of Containers

Reuters | Thursday December 24, 2020

A global surge in demand for certain goods during the pandemic has upended normal trade flows, stranding empty cargo containers and leading to bottlenecks

Domino's Pizza Maker Enters Biryani Segment

Domino's Pizza Maker Enters Biryani Segment

Edited by Sandeep Singh | Thursday December 17, 2020

Jubilant FoodWorks, which runs the Domino's Pizza chain of restaurants, has announced the launch of Ekdum brand biryani menu

Gems & Jewellery Sector Pares Outstanding Debt By 26% To $8 Billion

Gems & Jewellery Sector Pares Outstanding Debt By 26% To $8 Billion

Edited by Nirmalya Sen (with inputs from PTI) | Friday December 11, 2020

The industry has faced difficulties in securing institutional credit in the wake of a few bank fraud cases, and the disruption due to the COVID-19 pandemic

Fintech Startup Partners With NPCI To Launch Shopping Cards Powered By RuPay

Fintech Startup Partners With NPCI To Launch Shopping Cards Powered By RuPay

Edited by Nikita Prasad | Thursday December 03, 2020

The PayNearby card operates like a debit card, but is linked to a PayNearby wallet rather than a bank account

Infrastructure Output Down 2.5% In October, Shrinks For Eighth Straight Month

Infrastructure Output Down 2.5% In October, Shrinks For Eighth Straight Month

Reuters | Saturday November 28, 2020

The country's infrastructure output contracted 2.5 per centin October from a year earlier, falling for an eighth straight month, government data on Friday showed.

Government Will Allow Uber, Ola To Charge 20% Commission On Ride Fares

Government Will Allow Uber, Ola To Charge 20% Commission On Ride Fares

Reuters | Friday November 27, 2020

The government guidelines recommended that so-called surge prices at busy times can be a maximum of 1.5 times the base fare and that companies must provide insurance cover for drivers and limit them to working no more than 12 hours a day

Disney To Lay Off Around 32,000 Workers In First Half Of 2021

Disney To Lay Off Around 32,000 Workers In First Half Of 2021

Reuters | Thursday November 26, 2020

Earlier this month, Disney said it was furloughing additional workers from its theme park in Southern California due to uncertainty over when the state would allow parks to reopen.

Foxconn To Shift Some Apple Production To Vietnam To Minimise China Risk: Report

Foxconn To Shift Some Apple Production To Vietnam To Minimise China Risk: Report

Reuters | Thursday November 26, 2020

Foxconn is building assembly lines for Apple's iPad tablet and MacBook laptop at its plant in Vietnam's northeastern Bac Giang province, to come online in the first half of 2021

Government's Import Hurdles Hit Apple iPhone, Xiaomi Devices From China: Report

Government's Import Hurdles Hit Apple iPhone, Xiaomi Devices From China: Report

Reuters | Wednesday November 25, 2020

BIS started delaying approvals in August for China-made imports of devices like smartphones, smartwatches, and laptops, after border tensions

Toyota Halts Operations Again As Union Strike Continues

Toyota Halts Operations Again As Union Strike Continues

Reuters | Tuesday November 24, 2020

The disruption follows several months of a slump in sales, and comes at a time when vehicle deliveries to dealers are picking up in anticipation of strong demand during the November festive period

Reliance-Future Deal: Delhi High Court Reserves Order On Future's Plea

Reliance-Future Deal: Delhi High Court Reserves Order On Future's Plea

Press Trust of India | Saturday November 21, 2020

The Future Group and Amazon have been locked in a battle after the US-based company took FRL into an emergency arbitration over an alleged breach of contract.

Centre Seeks Time On Appealing Against International Arbitration Award In Vodafone's Favour

Centre Seeks Time On Appealing Against International Arbitration Award In Vodafone's Favour

Press Trust of India | Tuesday November 17, 2020

Centre sought time on whether it would challenge an international arbitration tribunal's award in favour of Vodafone under the India-Netherland Bilateral Investment Protection Agreement

AirAsia Group Reviewing India Investment, Hints At Possible Exit: Report

AirAsia Group Reviewing India Investment, Hints At Possible Exit: Report

Reuters | Tuesday November 17, 2020

The group said in a statement that its operations in India, like those of its now-shuttered Japan business, have been draining cash and adding to the group's financial stress

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