Corporate

Jack Ma-led Alibaba Group is being investigated under the anti-monopoly law, a measure seen as an effort by ruling Communist Party to control fast-growing tech industries. “China's State Administration for Market Regulation (SAMR) has started investigation on Alibaba Group for alleged monopoly conduct including implementing an ‘exclusive dealing agreement',” according to Xinhua. The announcement shook several investors who dumped shares of...

Wipro has bagged a strategic digital and IT partnership deal from METRO AG, a leading global wholesale company that is redefining the food service distribution industry. The estimated deal value for the duration of the first 5 years is about $700 million, Wipro said in a regulatory filing to the stock exchanges. With the possibility of an extension up...

Shares of the country's second largest information technology company - Infosys - rose as much as 2.5 per cent to hit an all-time high of ₹ 1,251 on the National Stock Exchange after the company said it has won a long-term contract from German automotive major Daimler to drive hybrid-cloud powered innovation and IT infrastructure transformation. This is the...

The Delhi High Court allowed Amazon.com Inc.. to oppose Future Group's $3.4-billion asset sale to Mukesh Ambani's conglomerate but left it to domestic regulators to decide on the deal, in a mixed ruling for the US giant fighting Asia's richest man for dominance in one of the world's largest retail markets. The court said Monday it can't bar the e-commerce giant...

Linking the grant of additional borrowing permissions by the Government of India (GoI) to the States, to reforms in various citizen-centric sectors has motivated the states to undertake reforms to promote Ease of Doing Business, according to the Ministry of Finance. Five states have so far completed the stipulated reforms in the Ease of Doing Business. These states have been...

Apple Inc has temporarily shut all of its 53 stores in California because of a coronavirus outbreak and 16 stores in the United Kingdom following restrictions introduced by the government in London, a spokesman said on Saturday. The company said on Friday it was temporarily shutting some stores in California following a surge in COVID-19 cases, sending the iPhone maker's...

Apple Inc on Saturday said it had placed contract manufacturer Wistron on probation and would not give the Taiwanese firm new business until it took corrective actions following lapses at its southern India plant. Early findings of an Apple audit, which followed violence at the Wistron plant in southern Karnataka state last weekend, show violations of the U.S. tech...

Reliance Industries Limited (RIL) along with bp (British Petroleum) announced the commencement of production from the R Cluster, an ultra-deep-water gas field in block KG D6 off the east coast of India on Friday, December 18. Reliance and bp are developing three deepwater gas projects in block KG D6, namely, R Cluster, Satellites Cluster, and MJ, which together are expected to meet almost...

Shares of Burger King were in huge demand for third day in a row after a stellar market debut on Monday. Burger King stock price rose by its daily maximum limit of 10 per cent to hit an intraday high of ₹ 219.15 on the BSE. Burger King's three-day share sale via Initial Public Offering (IPO), which was open...

Startups and venture capital are pouring into what might seem an unlikely place: India's vast, outdated agriculture industry. Seizing on controversial new deregulation, entrepreneurs are selling farmers apps to connect them to big buyers nationwide and using artificial intelligence (AI) to improve the rickety supply chains that lose one-fourth of India's produce to wastage. Enormous amounts of India's grain,...