June 20, 2024
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Ford abandons plan to sell Tamil Nadu plant to Sajjan Jindal-led JSW

In September 2021, Ford Motor Co announced its withdrawal from the Indian market, including plans to sell its sole manufacturing facility in Tamil Nadu. Recent reports suggest that Ford has now abandoned the sale of the Chennai plant, sparking speculation about a potential re-entry into the Indian market. A Ford spokesperson mentioned that the company […]Continue Reading
Business Featured Latest news

Arvind Fashions Sells Sephora Retail Division To Reliance For ₹ 99 Crore

Billionaire Mukesh Ambani’s Reliance is set to collaborate with Sephora, a beauty chain owned by LVMH, to manage its stores across India and facilitate the expansion of Sephora in the country’s rapidly growing beauty and cosmetics market. Reliance, India’s largest retailer, launched its beauty retail platform called Tira in April to compete with Nykaa and Continue Reading
Business Featured Latest News

Travel: As India Inc opens its doors to the world, business travel takes off

Business travel is picking up again, thanks to a two-year low in Covid-19 cases and companies gradually reopening offices, but India Inc is still playing it safe. Many companies, including ITC, the RPG Group, KPMG, Mphasis, Panasonic, Dabur, UpGrad, and Mercedes-Benz India, have resumed business travel, but only when absolutely necessary and with stringent safety […]Continue Reading
Business Featured Latest News

Amazon  Attempting to Halt an Antitrust Investigation Into Its 2019 Merger With India’s Future Group

According to legal documents seen by Reuters, Amazon.com Inc has requested India’s Supreme Court to halt an expedited assessment of charges that the company hid material when seeking antitrust clearance for a 2019 merger with India’s Future Group. Amazon was accused of concealing information and making misleading statements by the Competition Commission of Continue Reading
Business Featured Latest News

World Trade and Development Report: India for Preferential Status to Developing Nations

On Thursday, the administration emphasized the importance of maintaining the WTO’s special and differential treatment for developing and poor nations, as well as a consensus-driven approach, as essential principles, a viewpoint held by trade experts as well. “At the upcoming WTO ministerial conference, India will fight to preserve special and differential Continue Reading
Business Featured Latest News

HCL Tech to Train and Hire High School Graduates in the United States

HCL Tech, an IT services provider, has announced an apprenticeship program in the United States to train and hire high-school graduates in order to boost its localization efforts in global markets. Apprentices who complete the program successfully will be offered full-time employment with HCL and will be able to pursue a debt-free college degree at […]Continue Reading