Business
Tata in talks to build iPhones for Apple in India: Report
San Francisco, Sep 9 Tata Group is in discussions with a Taiwanese supplier to Apple in order to build an electronics manufacturing joint venture in India and assemble iPhones here, Bloomberg reported on Friday. According to the report, the discussions with Wistron are aimed at making Tata a force in ...Euro hits 20-yr low as Russian pipe shutdown rocks markets
London, Sep 5 Financial markets are being rocked by the shutdown of Russias Nord Stream 1 pipeline, as the energy squeeze on European economies intensifies as winter approaches. The euro fell to a two-decade low during early trading on Monday morning, after Russian energy major Gazprom extended the shutdown of ...Reliance Retail begins appointing super-stockists to distribute its private label products in multiple FMCG categories
New Delhi, Sep 4 Reliance Retail (RR) has begun appointing super-stockists to distribute its private label products in multiple FMCG categories, Kotak Securities said in a report. Reliance Retail already has a wide range of private labels across several entry-level food and non-food FMCG categories and will likely acquire more ...UK slips behind India to become world’s 6th biggest economy
London, Sep 3 Britain has dropped behind India to become the world's sixth largest economy, according to Bloomberg. India toppled the UK from its position in the final three months of 2021 to become the fifth-biggest economy. The calculation is based in US dollars, and India extended its lead in ...Indian-born Laxman Narasimhan is new CEO of Starbucks
Washington, Sep 2 Global coffee chain Starbucks has named Indian-born Laxman Narasimhan its next CEO. Narasimhan, who currently heads health and hygiene company Reckitt, will join Starbucks in October and take over from its iconic interim CEO Howard Shultz in April. Narasimhan joins the growing ranks of Indian-descent CEOs heading ...Reckitt Benckiser CEO Laxman Narasimhan steps down abruptly
London, Sep 1 Laxman Narasimhan, the CEO of Dettol disinfectant maker Reckitt Benckiser, has abruptly announced his resignation in order to take up a new job in the US, surprising investors after a relatively brief three-year stint at the top of the FTSE 100 company, media reports said. Narasimhan will ...Russian oil giant chairman dies after falling from hospital window
Moscow, Sep 1 The chairman of Russia's Lukoil oil giant, Ravil Maganov, has died after falling from a hospital window in Moscow, reports say. Maganov, 67, was being treated at the city's Central Clinical Hospital and died from his injuries, the BBC quoted sources as saying to Russian media. He ...Virgin Atlantic, IndiGo announce new codeshare agreement
New Delhi, Aug 31 Offering seamless connections and increased opportunities for frequent fliers, Virgin Atlantic and IndiGo announced a new codeshare between the UK and India. The codeshare partnership will mean customers booking a Virgin Atlantic ticket will be able to fly on the airline's flights from London's Heathrow to ...Udaan, Jiomart led India’s B2B e-com market to reach $100 bn by 2030
Bengaluru, Aug 31 India's B2B e-commerce market, led by players like Udaan and Jiomart, will reach $90-100 billion in gross merchandise value (GMV) by 2030, a report showed on Wednesday. It is further projected that the B2B general trade opportunity in India will reach $1.2 trillion by 2030, with eB2B ...Santosh Iyer to be first Indian to head Mercedes-Benz India from Jan 1
Chennai, Aug 29 Santosh Iyer, currently the Vice President, Sales and Marketing, Mercedes-Benz India, will become the first Indian to head the luxury car maker's India operations as its Managing Director and CEO from January 1, 2023, the company said. On the same day, incumbent Martin Schwenk will assume charge ...