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Thursday, June 24, 2021

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June 24, 2021 5:27:23 pm

The new version of BMW 5 Series comes with various updates like remote-control parking, head-up display, reversing assistant, parking assistant and gesture control, among others.

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June 24, 2021 4:56:40 pm

RIL AGM 2021, Reliance AGM 2021 Announcements Highlights: Reliance Industries (RIL) Chairman Mukesh Ambani in the company's 44th annual general meeting (AGM) announced its foray into the new energy business. Here are the details regarding oil to chemicals (O2C), retail business and more.

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Jaypee Infratech, which was admitted into insolvency in August 2017, has been through three rounds of unsuccessful bidding. This was the fourth round of bidding to find a bidder for JIL.

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The paid vacation for Bumble staff -- and employees at its Latin American unit Badoo -- comes amid a trend of bosses persuading employees that they have their best interests at heart and to stay.

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June 22, 2021 1:23:06 pm

Nissan Motor Co., based in the port city of Yokohama, has been struggling in recent years. Its brand image was battered by the 2018 arrest of Ghosn over various financial misconduct allegations.

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“We have no option as a society, as a business but to really adopt a sustainable business model,” Ambani told Bloomberg Television’s Haslinda Amin as part of the Qatar Economic Forum Monday. “I think that’s a prerequisite for every business to survive as we go forward.”

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Officials are flagging concerns over the “fairness of process and valuation,” and the way the deal has been structured in which shares have been sold at a discount to the book value.

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The draft rules released Monday are broadly in line with the IT intermediary rules announced for social media companies earlier this year. Representatives of local traders and sellers described the proposed norms as a step to “purify” the e-commerce landscape of the country.

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In all of these three major projects, Infosys’ products saw performance issues. Government sources said Ministry of Corporate Affairs faced major issues in the rollout of version 2 of its MCA21 portal by Infosys in March 2016.

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June 21, 2021 3:04:58 pm

The co-founders of the 11-year-old company, which manufactures and markets brands like FOGG, will continue to hold a significant stake in Vini and will collaborate with KKR in the next phase of the company's growth, as per an official statement.

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June 21, 2021 2:15:07 pm

"Please note that company has filed an appeal before the Securities Appellate Tribunal against the letter issued by the Sebi on June 18, 2021," it said in a filing on Monday.

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June 21, 2021 10:59:07 am

Both RIL and Saudi Aramco did not reply to emails sent for comments. An email sent to PIF too remained unanswered. PIF has already picked up a minority stake in Reliance Retail and Jio.

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June 21, 2021 10:37:07 am

Anti-LGBTQ legislation, police brutality against Black Americans, violence against Asian Americans and the recent efforts to restrict voting access have all prompted strongly worded statements from some of the nation’s most prominent business figures. In one case, hundreds of them signed a letter together.

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The country's second largest passenger vehicle maker is looking to further consolidate its position in the fast-growing SUV segment with the introduction of Alcazar which comes with six and seven seat configurations.

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The 58-year-old tycoon has lost more money this week through Thursday than anyone else in the world, with his personal fortune tumbling by about $13.2 billion to $63.5 billion, according to the Bloomberg Billionaires Index.

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June 18, 2021 3:46:39 am

“Flipkart filed its petition on Wednesday, while Amazon filed it on Thursday. Both are separate appeals. The bench is likely to take up the matter on Friday,” a source aware of the matter said. Flipkart and Amazon didn’t comment.

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June 17, 2021 6:03:39 pm

Amid the coronavirus pandemic resulting in the shift from physical meetings to virtual ones, the Ministry of Corporate Affairs (MCA) has amended rules pertaining to 'meetings of board and its powers' under the Companies Act, 2013.

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June 17, 2021 3:51:47 pm

Based on average fully-loaded employee costs of USD 25,000 per annum for 22 bet no deposit-based resources and USD 50,000 for US resources, this will release around USD 100 billion in annual salaries and associated expenses for corporates, the report says.

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"Due to increased claims and higher mortality related provisioning arising on account of the second wave, the company expects to incur a loss for the quarter ended June 2021 in the estimated range of Rs 225-275 crore on shareholder's account," Kotak Mahindra Life Insurance Company said in a regulatory filing.

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IKEA already has online presence in Hyderabad, Mumbai, Pune, Ahmedabad, Surat, and Vadodara.

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June 17, 2021 8:11:42 am

Satya Nadella, who took over as CEO in 2014 from Steve Ballmer, has been instrumental in scaling up its business including billion-dollar acquisitions like LinkedIn, Nuance Communications and ZeniMax.

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