Corporate

Domestic financial markets will remain shut on Friday, October 2, for Mahatma Gandhi Jayanti holiday. Trading in the markets will resume on Monday, October 5. In the four-day, holiday-truncated trading week, on account of the Mahatma Gandhi Jayanti holiday on Friday, the S&P BSE Sensex index climbed up 1,308.39 points - or 3.50 per cent - whereas the broader NSE...

Amazon on Thursday said that slightly more than 19,800 of its employees have tested positive for Covid-19 since the start of March. Data on the e-commerce giant's 1.37 million frontline workers, including those at its Whole Foods Market grocery stores in the United States, showed a lower infection rate than expected, Amazon said. The release of the figure comes as some...

China is preparing to launch an antitrust probe into Alphabet's Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, two people familiar with the matter said. The case was proposed by telecommunications equipment giant Huawei last year and has been submitted by the country's top market regulator to the State Council's antitrust...

Finance ministry sources have countered CAG audit finding of central government wrongly retaining Rs 47,272 crore of GST compensation cess meant for states, saying temporary retention cannot be termed as diversion. Days after the Comptroller and Auditor General (CAG) flagged that the Centre in the first two years of the GST implementation wrongly retained GST compensation cess that was meant...

STL (NSE: STRTECH) has been driving towards building advanced solutions for digital networks. These include converged access network offerings, both for optical and wireless networks, with disaggregated software and hardware capabilities. In line with this strategic shift, the company has transformed into an Account Based Organisation with a suite of integrated end-to-end solutions. STL recently enhanced the technology leadership...

Billionaire Mukesh Ambani-led Reliance Industries said on Wednesday that the US-based investment firm KKR will buy a 1.28 per cent stake in its retail arm, Reliance Retail Ventures, for ₹ 5,550 crore. The transaction gave Reliance Retail an equity value of ₹ 4.21 lakh crore, Reliance Industries said in a regulatory filing before market hours on Wednesday. The deal...

Italian superbike maker Ducati on Tuesday said it has launched all-new Scrambler 1100 Pro and the 1100 Sport Pro in India, priced at Rs 11.95 lakh and Rs 13.74 lakh, respectively (ex-showroom). The bikes come with an 1100-cc engine mated to a six speed gearbox. "Scrambler is one of the most characterful, free spirited and powerful entry level Ducati in our...

MSMEs must focus on Efficient & Innovative Technologies for Energy Conservation & Saving to Enhance the competitiveness – Deepak Saxena MD MP Urja Vikas Nigam in a webinar on Energy efficiency. Industries can reduce the cost of production by using innovative techniques and tools in energy savings said Mr Deepak Saxena while speaking in a webinar on Energy Efficiency in...

HCL Technologies shares jumped nearly 5 per cent on Monday after the company said it will acquire Australian IT solutions firm DWS, a move that will help the Indian company strengthen its position in the Australia and New Zealand markets. Shares of the company rose by 4.75 per cent to Rs 849.70 -- its 52-week high -- on the BSE. It...

India-US strategic energy partnership takes deep roots: Amb Sandhu