Corporate

Deloitte, one of the Big Four accounting organisations, has developed "a very innovative, simple, fit-for-purpose programme" in the fight against COVID-19 that can be scaled up in a quick span of time, its CEO Punit Renjen said on Monday. "We have designed, I believe, a very innovative, simple, fit-for-purpose programme that is integrated," Renjen told PTI, a day after the...

Adani Green Energy Limited (AGEL) has signed a pact to acquire 100 per cent stake in SoftBank group subsidiary SB Energy India (80 per cent) and Sunil Mittal-led Bharti Group (20 per cent). The assets forming part of the portfolio are primarily solar park-based projects, Adani Green said in a statement on Wednesday. Gautam Adani, Chairman, Adani Group, said...

As the 21st century is a technology-driven society, where we are surrounded by a plethora of web applications, the rise of pandemic saw a gradual shift of businesses online, ranging from applications like Microsoft Teams for imparting knowledge in schools/colleges to doctors providing online consultation on platforms like Practo, etc. Ever wondered how these apps are brought to life?... These...

Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing on Monday, Berkshire said it owned just $26.4 million of shares in the fourth-largest...

InsurTech start-up Edelweiss General Insurance (EGI), has launched yet another industry first digital offering, IPOS (Integrated Partner On-boarding Solution). This is a fully automated onboarding solution for all its existing and prospective partners including Agents, Brokers and Web Aggregators. EGI and its partners stand to gain through improved throughput and enhanced efficiency using this digital platform, which would entail minimal manual intervention.   IPOS...

Migsun Group, one of the leading real estate developers of NCR, has announced that it has sold over 150 units amounting to approximately Rs 80 crore in the period from April 22 till date; the commercial and residential units were from the projects located in Greater Noida and Raj Nagar Extension (Ghaziabad). The Group also informed that out of...

E-commerce major Amazon is working with sellers on its marketplace in India to help them procure about 9,000 oxygen concentrators for customers in the country. The first batch of 1,000 oxygen concentrators have already landed in India, and are now available for purchase for consumers and business customers. The rest are expected to come through in the second half of...

Global investment banking major JP Morgan Chase has increased its COVID-19 support to the country manifold, taking the total planned aid to close to $16 million, of which $3.8 million is for supporting its over 35,000 employees in India. The head of the Wall Street major Jamie Dimon had on April 30 had committed an upfront $2 million financial...

China's top e-commerce platform Alibaba Group Holding Ltd on May 13 posted its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine by the country's market regulator. Its US-listed shares fell nearly 3 percent in choppy trading, even as the company forecast strong 2022 revenue, betting that the pandemic-driven shift to online shopping...

●      Will be part of the leadership of the worldwide platform for self-regulatory bodies ●      Will play a key role in pushing self-regulation agenda ●      Will facilitate exchange of learnings and best practices Mumbai, 12th May 2021: Advertising Standards Council of India (ASCI) General Secretary Manisha Kapoor has been appointed to the executive committee of the International Council for Advertising Self-Regulation (ICAS). She will be one...