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Amazon aims to hire 'many more' people in India

Amazon is planning to get more sellers on board as the company focuses on digitising a lot of micro, small and medium-sized businesses in India and hiring many more people, a top company executive has said.

Aug 1, 2020

By investing in cleantech startups like Ranmarine, Boundary Holding envisions financial gains

WasteShark, one of its products, is capable of cleaning 500 kg debris per day without leaving any carbon footprints.

Jul 29, 2020

E-commerce firm Flipkart buys Walmart's India wholesale business

Flipkart, majority-owned by Walmart Inc, also announced the launch of Flipkart Wholesale as part of the deal.

Jul 23, 2020

How Tesla defined a new era for the global auto industry

Tesla Inc's rapid rise to become the world's most valuable carmaker could mark the start of a new era for the global auto industry, defined by a Silicon Valley approach to software that is overtaking old-school manufacturing know-how.

Jul 22, 2020

Reliance-Google smartphone deal in India threatens Chinese firms

A $4.5 billion deal under which Alphabet's Google will collaborate with India's Reliance Industries on a new smartphone likely heralds a big shake-up for the world's second-largest mobile market, industry executives and analysts say.

Jul 20, 2020

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Sensex, Nifty gain as HDFC Bank adds to earnings momentum; financials shine

Indian shares climbed on Monday as HDFC Bank added to last week's strong earnings releases from IT companies, countering the impact of the surge in domestic coronavirus cases past one million.

Jul 20, 2020

Reliance Industries (RIL) Chairman Mukesh Ambani

Reliance AGM 2020: Full text of Mukesh Ambani's speech about 5G solutions, Google investment, more

RIL Chairman Mukesh Ambani made several important announcements, highlighting the company's effort to make 'Made in India" voice heard globally. From Google's investment in Jio Platforms to Jio Glass smart eyewear and home-grown 5G solutions, here's everything announced on Wednesday.

Jul 15, 2020

Google to invest Rs 33,737 crore for 7.73% stake in Jio Platforms

With Google's investment, strategic and financial investors have committed a total of 1.52 trillion rupees in the last few months, Mukesh Ambani said at the company's annual shareholders meeting hosted via a webcast.

Jul 15, 2020

Walmart-led investors pump in $1.2 billion in Flipkart Group

With the new investment, Flipkart group is now valued at $24.9 billion. The $1.2 billion will be funded in two tranches over the remainder of the fiscal year.

Jul 14, 2020

Backlash over Reliance Jio's decision to charge voice calls

US 5G giant Qualcomm invests ₹730 crore in Reliance digital unit

India's Reliance Industries on Sunday said Qualcomm Inc's investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion Indian rupees ($97.1 million).

Jul 12, 2020

Tata Sons in talks to buy out AirAsia India stake at steep discount

Indian conglomerate Tata Sons are in talks to buy out AirAsia Group Bhd's stake in their airline joint venture in India at a steep discount, the Business Standard newspaper reported on Thursday, citing banking sources.

Jul 9, 2020

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Sensex, Nifty rise as focus shifts to corporate earnings

The NSE Nifty 50 index rose 0.64% to 10,774.50 by 0511 GMT, while the benchmark S&P BSE Sensex climbed 0.67% to 36,570.32.

Jul 9, 2020

Asia shares climb as China blue chips hit five-year peak

Asian shares scaled four-month peaks on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery, even as surging coronavirus cases delayed re-openings across the United States.

Jul 6, 2020

Intel to invests Rs 1,894.5 Crore in Reliance Jio, 12th deal in 11 weeks

Reliance Industries Ltd said on Friday that Intel Corp would buy a 0.39% stake in its digital unit, Jio Platforms, for 18.95 billion rupees ($253.55 million).

Jul 3, 2020

Sensex, Nifty rise on coronavirus vaccine hopes, financials lead gains

Indian shares rose in line with Asian peers on Thursday as investors clung on to hopes of a vaccine for COVID-19, while the central bank's move to improve liquidity at shadow lenders boosted financial stocks.

Jul 2, 2020

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