Business

23 Mar

Nestle CEO’s Staff Memo: “Get Ready For Storm To Hit, Hit It Will

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Food giant Nestle told employees to prepare for difficult times ahead and make all the necessary efforts to supply customers with the food and beverages they need, Chief Executive Mark Schneider said in a memorandum seen by Reuters."This is the moment for extra effort, for going the extra mile," Schneider said in a message to staff, distributed internally on Friday."Please get ready for the storm to hit - because hit it will," Schneider added.

Popular Video App MV Master Sees Massive User Growth in India

21 Mar

Community Bank, Bangladesh Goes Live on Infosys Finacle Banking Platform in 48 Days

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Community Bank, among the newest scheduled banks in Bangladesh, and Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys (NYSE: INFY), today announced the successful implementation of the Finacle Core Banking Solution at the bank, in just 48 days. With the new banking platform, Community Bank is well placed to provide a truly digital banking experience to its retail and corporate customers. Among multiple benefits, the modern platform enables the bank to launch new products within a fraction of time, offer a differentiated customer experience and empower the bank to grow rapidly. Highlights: The bank is now enabled for massive…

04 Mar

Tata Motors completes delivery of India’s first LNG bus order

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Committed to providing sustainable transport solutions, Tata Motors, India’s largest commercial vehicle manufacturer,completes delivery ofthe country’s first Liquefied Natural Gas (LNG)-powered bus order. Two units of 36-seater Starbus LNG ACmodels were delivered to LNG Petronet Limited in Dahej, Gujarat and two units in Kochi, Kerala. Tata Motors indigenously developed and delivered the LNG buses in the stipulated timeframe. The conclusion of the order and country’s first LNG bus project was celebrated withan event held recentlyat the Kochi LNG terminal. The occasion was graced by Hon’ble Minister of Transport, Govt. of Kerala, Shri A K Saseendranalong with eminent dignitaries from Tata Motors and Petronet…

29 Feb

Mukesh Ambani Named World’s Ninth Richest, With 2 Others

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Reliance Industries Ltd (RIL) chief Mukesh Ambani is the ninth richest person in the world along with Steve Ballmer of Microsoft and Larry Page of Google, each having a net worth of $67 billion, according to the Hurun Global Rich List 2020.Mr Ambani, 62, maintained a place in the top 10 for the second time after a $13 billion or 24 per cent surge in his wealth to $67 billion."The only Asian in the Top 10, Mr Ambani's wealth increased mainly on the back of a good performance in his telecom business," the Hurun Rich List said.

29 Feb

Sensex Plunges 1,448 Points, Nifty Holds 11,200 As Coronavirus Rattles Markets

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Domestic stock markets slumped more than 3 per cent on Friday continuing their downward spiral for the sixth session in a row, as fears the coronavirus outbreak may trigger recession across major economies spooked their global peers. Hopes the coronavirus would be contained to China vanished on Friday as infections spread rapidly around the world, compelling countries to stockpile medical equipment and investors to take flight in expectation of a global recession. The S&P BSE Sensex ended at 38,297.29, lower by 1448.37 points - or 3.64 per cent - from its previous close, and the Nifty shut shop down 431.55…

29 Feb

Nirmala Sitharaman Sees 4.7% GDP Growth As ‘Steadiness’ In Economy

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Finance Minister Nirmala Sitharaman on Friday termed the 4.7 per cent GDP growth of Q3 as "steadiness" in the economy and a good sign, soon after the official figures for the December quarter were released.She also made it clear that she was not expecting a jump in the number, nor a decline.The Finance Minister was speaking at an award function of a private TV channel.

27 Feb

Australian Resources Delegation explores opportunities in Eastern India

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A 16 member Australian Resources delegation is currently in Kolkata as a part of Australia-India Business Exchange 2020 (AIB-X). The delegation is exploring collaboration opportunities with the Indian mining industry in Eastern India. Panel Discussion on India’s Mining Industry Coinciding with the visit of the Australian Resources delegation, a panel discussion titled “India’s mining industry – Targets, Reforms and Roadmaps” was organised in Kolkata today by the Australian Trade and Investment Commission (Austrade), Australian Government. The panel included business leaders from Indian industry associations, steel majors and other infrastructure experts, discussed the current scenario of the mining industry, national production…

26 Feb

Samsung Launches Exciting 2020 Range of Room Air Conditioners,

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Samsung, India’s largest and most trusted consumer electronics and smartphones brand, today launched its new 2020 air conditioners line-up in West Bengal, introducing models across segments and at very competitive price points, thereby becoming a full range player in the AC category. With this new line-up Samsung is aiming to double its AC business in West Bengal. The new line-up of 41 models, aesthetically designed and priced to suit every home, comes with attractive floral patterns and premium strip design. Samsung has also expanded its copper condenser range to 32 models to match customer demand across the country, in each…

25 Feb

Facebook Invests In Indian Education Startup Unacademy

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Social media giant Facebook on Wednesday joined General Atlantic, Sequoia India and others for a fresh $110 million round of funding into one of India's fastest growing education technology start-up Unacademy.This is the second investment by the social networking giant in India. Last year, Facebook made its first minority investment in a local startup called Meesho, a social-commerce venture empowering first-time entrepreneurs, especially women in small towns."We thank General Atlantic and Facebook who have joined us in this journey and our existing investors who continue to be a part of the journey by supporting us. Our goal is to democratise…