The Competition Commission of India (CCI) has approved the additional equity stake acquisition in United Breweries by Heineken International B.V. The proposed transaction, however, is subject to the outcome of certain court proceedings, according to a combination notice filed with the anti-trust body. In a tweet on Monday, the CCI said: “Commission approves proposed acquisition […]
Riding on remote work and learning as the pandemic continues in India, the traditional PC market (inclusive of desktops, notebooks and workstations) continued its growth streak with shipments growing 73.1 per cent year-over-year (YoY) to reach 3.1 million units in the first quarter this year, an IDC report showed on Thursday. The Q1 recorded the […]
Even as the country pushes for its expansion of the renewable energy projects, coal is set to remain as the predominant fuel in India’s energy mix in foreseeable future. As per the 19th Electric Power Survey, out of the all India power generation installed capacity of 6,19,066 MW by the end of 2026-27, coal based […]
The US move to ban use of China’s Xinjiang cotton has cranked up India’s yarn exports, ratings agency Crisil said. Besides, the agency expects operating profits of cotton spinners will double next fiscal as revenue spurts 20-25 per cent on higher sales to Asian buyers and appreciation in cotton yarn prices. Consequently, the credit outlook […]
Anti-virus software company McAfee has sold its enterprise business to a consortium led by Symphony Technology Group (STG) in an all-cash transaction for $4 billion. Launched 30 years ago, McAfee’s enterprise business today is a trusted partner for 86 per cent of the Fortune 100 firms around the world and reported $1.3 billion in net […]
The key Indian equity indices traded amid volatility on Wednesday morning with the BSE Sensex losing over 200 points. Selling pressure was witnessed in banking and IT stocks. At 10.18 a.m., Sensex was trading at 51,124.54, lower by 204.54 points or 0.40 per cent from its previous close of 51,329.08. It opened at 51,355.89 and […]
The key Indian equity indices reversed initial gains on Friday, ahead of the presentation of the Economic Survey for FY21, to trade in the red. At 11.45 a.m., Sensex was trading at 46,836.03, lower by 38.33 points or 0.08 per cent from its previous close of 46,874.36. Earlier in the day, it had surged over […]
The Income Tax Department on Monday carried out limited verification exercise at the office premises of the Zee Group and Larsen and Toubro to verify into their bogus inputs about tax credit, official said. A senior IT official, requesting anonymity told IANS, “There are no searches or raids but we are carrying out limited verification […]
It is not just in India that Amazon is facing criticism for its unfair and potentially exploitative practices. Wherever Amazon operates in the world, it is being criticised for anti-competitive business practices, exploiting its workers, and damaging the climate. In Amazon’s home country — the US — it is at its worst. Hence, frustrated sections […]
Vivifi India Finance expects to deepen its credit reach with the recently launched FlexPay and aims to bring credit access to those provided credit by banks and other large finance institutions. Anil Pinapala, Founder and CEO of Vivifi said that the credit under FlexPay would start with sachet sized loans and would grow based on […]