Corporate

Amazon India announced the launch of its 'Mentor Connect' programme on April 11. It is aimed at accelerating the growth of start-ups and emerging brand owners enrolled under its Amazon Launchpad initiative. Through the programme, start-ups, and emerging brands will gain access to guidance from venture capital firms, industry veterans and Amazon leaders through expert knowledge sharing sessions, networking events,...

Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) - around 4% of its revenues in 2019 - for violating anti-monopoly rules and abusing its dominant market position. The State Administration for Market Regulation (SAMR) said that after an investigation launched in December, it had determined that Alibaba Group had been "abusing market dominance" since 2015 by preventing its...

The Serum Institute of India has fully refunded South Africa for the 500,000 doses of the COVID-19 vaccine, which were not delivered to the country after it decided not to use the vaccine because it was not effective against a new variant of the virus. A million doses from the institute, which had already been delivered, have been sold...

 The 85th Annual General Meeting of ACC Limited was organized virtually on April 7th 2021. Mr. Martin Kriegner, Non-Executive Director of the Company, chaired the AGM. As mentioned by Mr. Kriegner, in year 2020 ACC progressed very well on the implementation of its four strategic priorities: Performance, Growth, Innovation and Sustainability. ACC delivered on the expectations of its stakeholders and reported net sales...

Billionaire Gautam Adani's ports-to-energy conglomerate has become India's third group to cross $100 billion in market capitalisation with shares of four of its six listed companies soaring to an all-time high on Tuesday. The total market cap of Adani Group's six listed companies at the close of trading on Tuesday was Rs 7.84 lakh crore or $106.8 billion, according to...

Leading international companies are expanding production at their newly setup units in India after the government launched attractive initiatives such as the production-linked incentive (PLI) scheme for smartphones and other technology-driven sectors, Girija Pande, chairman of Apex Avalon Consultancy, said on Monday. Buoyed by the surge in interest from global manufacturers, the government is also planning PLI for other sectors...

Chinese authorities have asked H&M to change a map on its website in the latest clash between the clothing giant and officialdom there, media reported on Friday. The company, based in Sweden, has faced a backlash in China in recent days after it voiced concerns last year about alleged human rights abuses in Xinjiang province. ABC News reported that the city...

As part of its mission to rapidly grow its green energy footprint, Bharti Airtel has commissioned a 14 MWp captive solar power plant to meet the energy requirements of its core and edge data centres in Uttar Pradesh. The telecom major said it aims to meet over 50 per cent of its power input through renewable energy sources by...

Srikanth, an Uber driver who no longer has access to the platform, is viral on social media. Reason: his claim that he has been removed by Uber from the company's platform for drivers because the Uber app AI failed to recognise him after he got his hair and beard cropped short. The company denies claims made by Srikanth. Srikanth, like...

The Telecom Regulatory Authority of India (TRAI) has released Vodafone Idea's revised telecom subscription data for January which shows the telco lost 2.3 million subscribers. Vodafone Idea had earlier acknowledged its error in reporting the previous numbers which stated that the telco had added 1.7 million subscribers in January. TRAI has then noted that it was examining the numbers...