Fri, Jun 18, 2021

  • Swedish home furnishing retailer IKEA announced on Thursday the launch of its eCommerce services and mobile shopping app in Bengaluru.
    IKEA woos Bengaluru shoppers via eCommerce, mobile shopping app
    There will be over 8,000 home furnishing products and solutions to choose from, it said in a statement. The company opened its second IKEA India store in Navi Mumbai in December 2020. IKEA already has online presence in Hyderabad, Mumbai, Pune, Ahmedabad, Surat, and Vadodara. IKEA India CEO & CSO (Chief Sustainability Officer) Peter Betzel said Karnataka is a vital market for IKEA and Bengaluru is one of the largest home furnishing markets in India. It will also open a big store, close to 400,000 sqft here within a year.
  • PharmEasy set to buy Thyrocare? PharmEasy set to buy Thyrocare?

    In yet another mega development in the pharmacy space, Thyrocare is all set to be acquired by PharmEasy. As per a media report, the buyout will involve Rs 7,000 crore.

  • India’s GDP growth rate to hit 6.5 pc if biz goes as usual: CII India’s GDP growth rate to hit 6.5 pc if biz goes as usual: CII

    Globally, at a time when the economies in the US and China are showing signs of rebounding, India is yet to unlock itself fully as the country continues its battle against COVID-19. In such a...

  • TCS, CTS, HCL, Wipro, Infy to downsize 30 lakh staff TCS, CTS, HCL, Wipro, Infy to downsize 30 lakh staff

    Leading IT majors TCS, Infosys, Wipro, HCL, Tech Mahindra, Cognizant and others are planning to lay off as many as 30 lakh employees.

  • HDFC Bank says working with RBI for restarting banned services HDFC Bank says working with RBI for restarting banned services

    HDFC Bank on Thursday said network outages that led to a regulatory ban on new credit card sales were not due to transaction volumes, and affirmed that it continues to stay in touch with the RBI for...

  • HSBC announces Rs 15 cr aid to pandemic-hit dabbawalas HSBC announces Rs 15 cr aid to pandemic-hit dabbawalas

    Foreign lender HSBC on Thursday announced a Rs 15-crore grant to support the Dabbawalas of the financial capital, who have been virtually without work since the beginning of the pandemic in March...

  • BharatPe FY21 revenue jumps over six times to Rs 700 cr, targets to double it in FY22 BharatPe FY21 revenue jumps over six times to Rs 700 cr, targets to double it in FY22

    Financial technology firm BharatPe has seen its revenue and transaction volume jump manifold in the financial year 2020-21, as the pandemic has forced people and businesses adopt digital transactions...

  • Indian IT sector continues to be net hirer, top 5 IT cos to add over 96,000 employees: Nasscom Indian IT sector continues to be net hirer, top 5 IT cos to add over 96,000 employees: Nasscom

    IT industry body Nasscom on Thursday said the sector continues to be a net hirer of skilled talent, and that the top 5 Indian IT companies are planning to add over 96,000 employees in 2021-22.

  • Venus Remedies wins legal battle against French firm for paracetamol patent Venus Remedies wins legal battle against French firm for paracetamol patent

    Drug firm Venus Remedies on Thursday said it has won a 10-year-long patent battle against French firm SCR Pharmatop with regards to production of the intravenous paracetamol solution in the country.

  • Max Ventures sells Max Financial Services shares worth Rs 783 cr Max Ventures sells Max Financial Services shares worth Rs 783 cr

    Max Ventures Investment Holdings, promoter of Max Financial Services, on Thursday divested the company's shares worth Rs 783 crore through an open market transaction.