Category: Business

Amazon, Flipkart receive govt notice for showing products without mandatory information

The government on Friday issued notices to Flipkart, Amazon and other ecommerce companies for not mandatorily displaying information, including country of origin, on products sold on their platforms. The notices have been issued by the Department of Consumer Affairs, Ministry of Consumer Affairs, Food and Public Distribution. The companies have been asked to reply to […]

Audi Q2 launched in India at ₹34.99 lakh

Audi Q2 has been officially launched in the Indian market on Friday at a starting price of ₹34.99 lakh. It is available in two grades – Exterior Line and Design Line, and five time levels – Standard, Premium, Premium Plus I, Premium Plus II and Technology.  The top-of-the-line ‘Technology’ trim is priced at ₹48.89 lakh. […]

HCL Tech Q2 net profit up 18.5% at ₹3,142 crore

IT firm HCL Technologies on Friday posted an 18.5% rise in September quarter net profit at ₹3,142 crore. Its revenue grew 6.1% to ₹18,594 crore in the quarter under review, from ₹17,528 crore in the corresponding quarter last year. In the second quarter, HCL Technologies recorded revenue growth at 4.5% quarter-on-quarter in constant currency — […]

PureTech appoints Kiran Mazumdar Shaw on board

Biotherapeutics firm PureTech Health plc on Thursday announced the appointment of  Biocon Executive Chairperson Kiran Mazumdar-Shaw on its board of directors.Driven by a commitment to provide access to life-saving medicines worldwide,Shaw brings extensive experience in biotherapeutics, strategic leadership, financial and business development and a dedication to improving patients’ lives to the company’s board of industry […]

Reliance Retail to Receive Rs. 3,675 Crores Investment From General Atlantic

India’s Reliance Industries said on Wednesday private equity firm General Atlantic will invest Rs. 3,675 crores for a 0.84 percent stake in its retail arm, Reliance Retail, sending shares of the country’s most valuable company up as much as 1 percent. Reliance is being seen as a formidable rival to Amazon and Walmart’s Flipkart as […]