Asia’s richest man Mukesh Ambani today said that Jio and Reliance Retail will shortly launch a unique “new commerce” platform that will empower as many as 3 crore small shopkeepers in India. Textiles-to-telecom giant Reliance Industries chairman and managing director Ambani was speaking at the Bengal Global Business Summit today. The platform, “will bring win-win benefits to

The rate cut by the Reserve Bank of India (RBI) will help banks’ to address liquidity issues and at the same time, low cost of funds is likely to boost consumption, suggest experts The Monetary Policy Committee (MPC), on expected lines, changed its stance to ‘neutral’ from ‘calibrated tightening’ on February 7 in its sixth

India’s Ministry of Corporate Affairs will look into allegations against Dewan following a report by investigative media outlet Cobrapost, two government sources with direct knowledge of the matter told Reuters on Wednesday Shares of Dewan Housing Finance Corporation (DHFL) touched 52-week low of Rs 129.60, down nearly 20 percent intraday on January 31 on reports of Indian

Fears of a no-deal Brexit also lead to halving of investment in British car manufacturing British car production dropped to a five-year low in 2018, as manufacturers warned that fears of a no-deal Brexit have prompted a slump in new investment. UK car factories produced 1.52m vehicles last year, 9.1% fewer than 2017, according to figures published

Fourth-quarter results beat expectations for earnings and revenue as profit hits $6.88bn, up from $4.27bn a year before Facebook closed the book on its scandal-plagued year Wednesday, with strong fourth quarter financial results that beat analyst expectations for earnings and revenue. The results highlighted how divorced Facebook’s business success is from its public reputation, which suffered another

State Bank of India has found itself in the middle of a data security scandal as a media report on Wednesday claimed that the India’s largest bank left a server with the banking data of its consumers unprotected. The reported server is said to have been secured since then, but the existence of an alleged

But Brexit could take a bite out of future returns from UK-listed companies, says report UK-listed firms paid record dividends last year, thanks to rising profits, but a report warns that shareholder payouts could take a big hit if Brexit goes badly. Companies listed on the UK’s main market shelled out £99.8bn in dividends over 2018, marking

Sports Direct boss could link film and music retailer to other parts of his high street empire Mike Ashley is considering a rescue bid for HMV, the music and film retailer that collapsed into administration last month. The Sports Direct boss is understood to have held talks with suppliers to the ailing business about a rescue deal,

Value of retail property will slump as shift to online giants continues, says report A further 175,000 jobs will be shed from struggling UK high streets this year and the value of retail property will slump as the boom in online shopping and rise of giants such as Amazon continue to take their toll, research warns. More