India to loan virus-hit Maldives $250m

India on Sunday (20) announced a $250 million loan to the Maldives to boost its coronavirus-battered economy in a further bid to counter China’s growing financial footprint in South Asia. The Indian Ocean archipelago, renowned for its luxury resorts, has been badly hit by the pandemic, with foreign tourists failing to flock back in large […]

Ikea’s second global centre in Asia to come up in Bangalore

SWEDISH furniture giant Ikea is all set to open its second global operations centre in Asia in India’s tech city Bangalore.  It has such a centre in Shanghai, China. Ingka Group, which handles retail operations of the firm, has said that the facility will operate within the areas of global business operations (GBO), digital, and […]

Tata to construct India’s new parliament building worth £90m

By Pramod Thomas TATA-group company is all set to build India’s new parliament building worth £90m, which will replace the existing colonial-era complex by 2022. Tata Projects has won the bid to build the complex in the heart of the national capital, Delhi. The country targets to open the new building when India celebrates 75 […]

Indian minister moots FTA with UK, considers huge import of scotch whiskey

PROPOSING a bilateral free trade agreement, Indian commerce minister Piyush Goyal has said India was open to importing scotch whiskey in “large measure” from the UK. Goyal said he had discussed about an FTA with the UK, as “it is the need of the hour”. India was committed to such a pact, and it will […]

Importance of PowerPoint Presentations in Today’s Business

The cutting edge competition of today’s business world demands organizations to be at their apex level. In the 21st century’s technological sphere, PowerPoint Presentations have served as an unparalleled tool to reinforce the organization’s branding image. Impressing clients with boards and charts in a closed room is history. Today, PowerPoint Presentations are the magnum opus […]

YouTube tests TikTok rival in India

YOUTUBE has started testing a TikTok rival in India, saying it would refine its short video format and roll it out in more countries in coming months. YouTube Shorts made its debut as TikTok pursues a partnership with Oracle that it hopes will spare it from being shut-down in the US by president Donald Trump. […]

Unilever South Africa apologises for “racist” ad; to set up diversity committee

THE South African unit of Unilever will set up an advisory board and a diversity committee after apologising for a hair care advert which it admitted was “racist”, the consumer group said. The advert by its TRESemmé brand, was posted on drugstore Clicks Group’s website on September 4, and described images of African black hair […]

Around 300 landlords to decide the ‘fate’ of fashion retail chain New Look

UK fashion retail chain New Look, founded by Indian-origin entrepreneur Tom Singh, now depends on around 300 landlords to save its 496 branches and more than 11,000 staff. On Tuesday (15), the landlords will vote on a controversial so-called company voluntary arrangement (CVA) – the firm’s second in two years – to allow it to […]

TikTok rejects Microsoft buyout offer, Oracle sole remaining bidder

US tech firm Oracle is the sole remaining bidder ahead of a looming deadline for the Chinese-owned video app to sell or shut down its US operations as Microsoft said that its offer to buy TikTok was rejected. The Wall Street Journal and New York Times reported that Oracle had won the bidding war, citing […]

India’s Reliance denies plans for Amazon mega-deal

INDIAN conglomerate Reliance denied a report Thursday(10) that it was planning to sell a $20-billion stake in its retail business to US rival Amazon in a deal that could upend the country’s hugely lucrative e-commerce sector. The report published by Bloomberg on Thursday said that Reliance, owned by Asia’s richest man Mukesh Ambani, had offered […]

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