Business
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Amazon India’s growth has come at a high cost while profitability remains elusive
New Delhi: Nearly a decade later, Amazon India’s report card is decidedly mixed, foreign brokerage Bernstein said in a report. India is often the dream prized market of many global internet companies,…
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RIL announces plan to move into $100bn FMCG market
New Delhi: Reliance Industries Limited has announced its plan to move into the $100 billion FMCG market in FY2023, providing high-quality products at affordable prices. Morgan Stanley said in a report that…
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Flipkart strengtens kirana deliveries with 2L new partners
Hyderabad: Ahead of festive seasons, Flipkart, India’s Homegrown e-commerce marketplace announced the strengthening of its kirana delivery with an onboard partner count of two lakhs. This will enable customers across the country…
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Tesla quietly develops virtual power plant in Japan
Tokyo: Electric car maker Tesla is quietly developing a virtual power plant in Japan as it has revealed that since 2021, it has been quietly installing its Powerwall batteries at residences on…
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Meta introduces no-cost EMIs for advertisers in India
New Delhi: Meta (formerly Facebook) on Tuesday announced no-cost EMI feature for advertisers to ease cash flow for small businesses in India. The no-cost EMI feature will allow advertisers to pay Meta…
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Reliance plans Rs 2.75 lakh cr investment; prepares for larger battle with Adani group
Mumbai: Billionaire Mukesh Ambani on Monday announced a Rs 2.75 lakh crore investment plan to expand and diversify his USD 221 billion-empire by rolling out 5G services from October, adding capacity in…
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Gautam Adani enters list of top three billionaires in the world
New Delhi: Adani Group’s chairman Gautam Adani became the first India to enter the list of top three billionaires in the world. He became the world’s third-richest person after overtaking France’s Bernard…
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Rupee ends 10 paise lower; touches all-time low of 80.13 against US dollar
Mumbai: The rupee ended 10 paise lower at 79.96 against the US dollar after touching an all-time low of 80.13 in early morning trade on Monday. The rupee breached the 80-to-a-dollar mark…
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Mukesh Ambani outlines Next-Gen leadership roles at Reliance Industries
New Delhi: The 45th annual general meeting of Reliance Industries Limited (RIL) has set the stage for Next-Gen leadership. Mukesh Ambani, Chairman and Managing Director of RIL, laid emphasis on Next-Gen leadership…
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Reliance Jio partners Meta, Google, Microsoft, Intel to roll out 5G in India
New Delhi: As Reliance Jio gets prepared to launch standalone ‘True 5G’ services by Diwali this year in key metro cities, the company has partnered some of the world’s leading technology giants…
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Ashok Leyland adds 2 s to ‘Dost’ range
Chennai: Commercial vehicle-maker Ashok Leyland on Monday launched BADA DOST i1 and i2 and its limited edition, adding to the range of BADA DOST vehicles. The flagship company of the Hinduja group…
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Sensex sinks 861 points as hawkish Fed roils global markets
Mumbai: Equity markets buckled under selling pressure on Monday as an intense sell-off emerged in IT, teck and banking stocks amid a bearish trend overseas following hawkish comments from the US Federal…
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Women own 45% of startups in Saudi Arabia: Report
Riyadh: The official Saudi statistics on Sunday revealed that the establishments owned by women amounted to 45 percent of the total owners of start-up companies in the Kingdom. According to a report…
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BYD Auto pips Tesla to become top-selling EV brand globally
New Delhi: Global passenger electric vehicle (EV) sales grew 61 per cent (on-year) to reach 2.18 million units in the second quarter this year, a new report said on Monday, as for…
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Meta, Jio Platforms allow users to shop from JioMart via WhatsApp
New Delhi: Tech giants Meta and Jio Platforms on Monday launched an end-to-end shopping experience, where users can shop from e-cpmmerce platform JioMart via using WhatsApp chat. The new experience will enable…
