Industry - general
Walmart prepares for 'Open Call' event in India as it aims for $10 billion annual export goal by 2027
08 Nov 2023
Retail giant Walmart is seizing the India-first opportunity in the global sourcing landscape as it prepares to host a groundbreaking mega sellers' summit in New Delhi on February 14 and 15, 2023.
The National Industry Quarterly report states 8.6% volume growth in the FMCG sector
08 Nov 2023
India's fast-moving consumer goods (FMCG) industry has experienced a significant uptick in growth during the July–September quarter of fiscal year 2024 (Q2 FY24).
Kinder Morgan is set to acquire Texas pipelines from NextEra Energy Partners in a $1.82 billion deal
07 Nov 2023
Kinder Morgan, a U.S. gas pipeline operator, stated that it would acquire NextEra Energy Partners gas pipelines in South Texas. This statement was announced on Monday, 6 November 2023. The deal is said to be worth $1.82 billion.
India's automobile retail sales witnessed an 8% dip in October, but Navratri boosted the sector
06 Nov 2023
In a mixed bag for the Indian automobile sector, the latest data from the Federation of Automobile Dealers Associations (FADA) reveals that the country's automobile retail sales for October 2023 have experienced an 8% decline compared to the same period last year.
Shell to cut more low-carbon jobs and cut back on investments amid an overhaul
26 Oct 2023
Shell Oil Corporation, one of the largest in the world, will cut at least 15% of the workforce in its low-carbon solutions division and cut back
Honasa Consumer, parent company of Mamaearth, set to launch IPO on October 31
25 Oct 2023
One of India’s fastest-growing startups, Mamaearth’s parent company, Honasa Consumer Ltd., will launch its initial public offering (IPO) on October 31, 2023.
Kotak Mahindra Bank faces uncertainties with new external CEO and potential acquisition
23 Oct 2023
Kotak Mahindra Bank Ltd. has released its September 2023 quarter results, which stood up to expectations. The bank reported a 24% growth in profit
Netflix raises prices and gains subscribers amidst strikes
19 Oct 2023
Streaming giant Netflix has increased subscription prices for some plans in the U.S., Britain, and France. These new prices became active on Wednesday
India-UK free trade deal unlikely by month's end
19 Oct 2023
India and the United Kingdom are unlikely to agree on the expected trade deal by the end of October. It was reported that negotiations are still ongoing
China’s Belt and Road Initiative will shift to a greener approach after a decade of big projects and big debt
17 Oct 2023
The Belt and Road Initiative, which was undertaken by China a decade ago, looks to become smaller and greener.
Sir Jim Ratcliffe close to buy 25% of stake in Manchester United Football Club
16 Oct 2023
After months of negotiations and several bids being rejected, Qatari prince and investor Sheikh Jassim bin Hamad bin Khalifa Al Thani pulled out of the race
Reliance in talks with potential partners for chipmaking foray: report
08 Sep 2023
Oil-to-retail conglomerate Reliance Industries Ltd (RIL) is reported to be in talks with global leaders in semiconductor business in a bid to explore a possible entry into the high technology business
G20 leaders’ summit buzz: Biden may question laptop import restrictions
04 Sep 2023
While visiting New Delhi to participate in the upcoming G20 Leaders’ Summit this week, US President Joe Biden is expected to engage in discussions with Prime Minister Narendra Modi regarding India’s import restrictions on items such as laptops and other electronic products, according to individuals familiar with the matter.
President Biden issues order restricting technology investments in China
10 Aug 2023
On 9 August 2023, US President Joe Biden signed an executive order that enforces restrictions on certain new American investments in China, specifically targeting sensitive technologies such as computer chips. The order also mandates government notification for investments in other technology sectors in China.
Indian government imposes restrictions on laptop and PC imports to boost local manufacturing
05 Aug 2023
In a move to promote domestic production in the electronics sector and especially curbing imports from China, the Indian government has imposed immediate restrictions on importing laptops, tablets, and personal computers falling under the HSN 8741 category.
India allows export of drones for civilian use
01 Jul 2023
Small business will soon be credit-rated on data: Nandan Nilekani
06 Dec 2019
Banks will assess small businesses on the basis of their personal data, which include bank statements, tax returns, and home loan repayment records, for lending purposes, says Infosys chairman and co-founder Nandan Nilekani
US auto union UAW begins nation-wide strike against GM
16 Sep 2019
GM said UAW wages and benefits are expensive compared with competing non-union auto plants in southern US states and also justified plant shutdowns saying market shifts, especially the switchover to electric vehicles, demanded solutions for the Michigan and Ohio assembly plants that are non-productive