Business News Updates

San Francisco: Bytedance, the Chinese owner of TikTok, has chosen Cloud major Oracle over Microsoft to run its US operations as a ‘trusted tech partner’, multiple media reports revealed on Monday while an official announcement was still awaited. According to The New York Times, it was unclear whether TikTok’s choice of Oracle as a technology partner […]

Bengaluru: Flipkart on Tuesday said it will help generate over 70,000 direct and lakhs of indirect seasonal jobs this festive season. The direct jobs will be across supply chain — delivery executives, pickers, packers and sorters — while there will be additional indirect jobs at Flipkart’s seller partner locations and kiranas, the company said in […]

New Delhi: RBI Governor Shaktikanta Das on Wednesday assured the industry that the central bank will take all necessary measures to ensure liquidity in the system and promote economic growth. Indian economy contracted 23.9 per cent in the first quarter of the current financial year. Addressing a virtual conference organised by industry body Ficci, Das […]

New Delhi: Ending months of speculation, Apple is launching its first exclusive branded online store in India on September 23 just ahead of the festive season, offering a full range of products, support and premium experience to consumers and the large aspirational fan base across the country. For logistics support, Apple has partnered with Blue […]

Mumbai: Equity benchmark Sensex plummeted over 1,400 points in early trade on Monday, tracking losses in index-heavyweights HDFC twins, ICICI Bank and Reliance Industries as spiking COVID-19 cases in the…

Noida: HCL Technologies on Monday announced to acquire DWS Limited, a leading Australian IT, business and management consulting group, for an undisclosed sum. The acquisition of DWS will enhance HCL’s contribution to digital initiatives in Australia and New Zealand while strengthening its client portfolio across key industries, the company said in a statement. DWS, with […]

Bengaluru: E-commerce platform Flipkart on Wednesday said it has partnered with retailer Max Fashion ahead of the upcoming festive season and the annual Big Billion Days. The Max Fashion store on Flipkart will have more than 13,000 new styles, and majority of them under Rs 1,000 price point, the company said. As a result of […]

US motorcycle maker Harley-Davidson has decided to shut down its operations in India due to sluggish business in the country. According to Reuters, the company on Thursday informed that it may report $75 million in additional restructuring costs for 2020 related to actions including discontinuing its sales and manufacturing operations in India. The announcement from […]

Washington:  Prime Minister Narendra Modi’s call for an “Aatmanirbhar Bharat” (self-reliant India) is an important initiative, the International Monetary Fund (IMF) said on Thursday. “The economic package under this self-reliant India initiative, which was announced in the aftermath of the coronavirus shock, has supported the Indian economy and mitigated significant downside risks, so we do […]

New Delhi: Vodafone has won the case against India over a retrospective tax demand of more than Rs 20,000 crore. The Permanent Court of Arbitration at The Hague has ruled that the conduct of India’s tax department is in breach of “fair and equitable” treatment. Voafone had moved the International Court of Justice (ICJ) in […]

New Delhi: No further relaxation is likely in terms of e-invoicing as the Centre is set to go ahead with the decision to make GST e-invoicing mandatory for companies with annual turnover of over Rs 500 crore for their business-to-business transactions starting October 1. Industry representatives, however, have urged the government to not make it […]

Mumbai: The key Indian equity indices traded on a positive note on Monday morning with the BSE Sensex gaining over 400 points. Healthy buying across sectors was led by auto, banking and oil & gas stocks. A rise in the Asian markets also supported the Indian indices. Around 10.40 a.m., Sensex was trading at 37,822.68, […]

Bengaluru: Flipkart Wholesale, the digital B2B marketplace of Flipkart Group for kiranas and MSMEs, on Monday announced ‘Big Festival Month’ from September 29 to October 31 where over 95 percent products sourced locally will be made available on the platform. The sale will feature products in fashion categories across more than 50 brands, more than […]

New Delhi: To enlarge retail loans and online business, lending major SBI on Monday announced a 100 per cent waiver in the processing fee for “Car, Gold, and Personal loans” availed through its integrated digital banking platform – YONO. “The bank is offering the lowest interest rate starting from 7.5 per cent to customers opting […]

New York: US President Donald Trump or his company paid $145,400 in taxes to India and received $2.3 million from projects there, according to The New York Times. The newspaper said the taxes were paid by him or his companies in 2017 and the $2.3 million in income came during Trump’s first two years in […]