Swedish furniture retailer Ikea has cut prices on a sizable part of its over 9,000 articles on offer in India. The price cuts range from 16-39 per cent across various…
Category: Companies
Aero India exhibition: Airbus to hire fresh engg, IT talent at Bengaluru event, to create 13,000 fresh jobs
European aerospace major Airbus is planning to recruit fresh engineering and IT talent at Aero India in Bengaluru, where it is planning to host a public meet-and-greet session. Aero India…
Big relief for Flipkart India! Karnataka HC grants interim stay on demand exceeding Rs 1,100 crore
Karnataka High Court (HC) on Wednesday granted an interim stay to Flipkart India on demand of over Rs 1,100 crore. Additionally, the HC also mentioned in its interim order that…
‘Jio Cinema and Voot might not merge anytime soon’
Amidst rumors that Viacom18 is likely to merge its flagship OTT platform Voot with JioCinema to live-stream the Indian Premier League 2023, a company spokesperson said that the two platforms…
Alembic Pharma lowers US sales guidance from $500 mn to $300 mn for next 3-4 years
Facing headwinds due to US drug regulatory compliance issues, coupled with price erosion in the US market, Alembic Pharmaceuticals has reduced its US sales outlook from $400-500 million to around…
Aditya Birla Group forays into premium casual dining space
The Aditya Birla Group has announced its foray into the premium casual dining space, a fast-growing segment in the organised food services market, in collaboration with chef-restaurateur, Rahul Akerkar. The…
Lendingkart acquires personal loans app Upwards; Chinese investor Shunwei Capital to exit
SME-focused digital lending platform Lendingkart has acquired instant loans provider Upwards in a deal estimated at Rs 100-120 crore. This comes amidst the Indian government’s crackdown on loan apps with…
Multiple lawsuits filed against L’Oreal, others in US claiming use of cancer-causing chemicals in hair relaxers
Around 57 lawsuits have been filed in federal courts in the US against L’Oreal USA Inc and other companies claiming that hair relaxer products sold by these companies cause cancer…
‘Indian banking sector not likely to be affected by an individual case,’ says Shaktikanta Das on Adani row
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday, without naming Adani Group, said that Indian banking sector, including NBFCs, continues to be strong and is not likely to…
IT major TCS wins deal to transform UK insurer’s business
Tata Consultancy Services (TCS), India’s largest IT exporter, announced on Wednesday that it has expanded its partnership with UK’s Phoenix Group, a long-term savings and retirement provider, to digitally transform…