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The SMIC IPO push is part of the Communist Partys strategy to develop global leaders in artificial intelligence, big data, and other advanced sectors.Business
Chipmaker SMIC plans biggest China’s IPO in a decade

SMIC is China’s biggest contract manufacturer of chipsets and a key component of Beijing’s plans to achieve...

6 July 2020 9:07 PM IST

Mercedes-Benz will recall more than 660,000 vehicles in China later this year for a possible oil leak. (AFP Photo)Business
Mercedes to recall 6,60,000 vehicles in China for oil leak

The announcement follows another recall that began last month of 4,653 imported Mercedes sedans that had incorrect...

6 July 2020 10:16 AM IST

Billionaire Mukesh Ambanis Reliance Industries Ltd (RIL) plans to increase its network of aviation fuel stations by 50 per cent. (PTI Photo)Business
Reliance plans to up aviation fuel stations by 50%

Reliance Aviation has the highest market share in 20 per cent of the operating airports

6 July 2020 9:34 AM IST

The 10 most valued Indian companies together added a whopping Rs 1,37,508.61 crore in market valuation last week. (PTI Photo)Business
Top-10 firms add Rs 1.37 lakh cr in m-cap; TCS, RIL top gainers

Reliance Industries Limited added Rs 28,464.11 crore to take its market valuation to Rs 11,33,168.55 crore

5 July 2020 10:43 AM IST

Uber shuts Mumbai office, services for riders to remain unaffected. (AFP Photo)Business
Uber takes cost-cutting drive, shuts Mumbai office

In May, Uber had said it is laying off about 600 employees as business has taken a major hit amid COVID-19 pandemic

5 July 2020 10:33 AM IST

The company said on June 26 that 140 of the roughly 8,000 staff at the factory had caught the virus and two had died. (PTI Photo)Business
Bajaj Auto unions demand factory halt after 250 workers test COVID-19...

It said work there would not be stopped, however, as the company wanted to learn to “live with the virus”

5 July 2020 9:31 AM IST

Reliance Jios latest offering JioMeetBusiness
Reliance Jio launches JioMeet video conferencing app, looks set to...

The JioMeet video conferencing app is available across Android, iOS.Windows, macOS and web since Thursday evening.

4 July 2020 2:18 PM IST

Tesla Inc on Thursday denied media reports and said it had not fired employees who chose to stay at home during the coronavirus pandemic. (AFP Photo)Business
Tesla denies claims of firing employees over COVID-19 related absence

The electric carmaker said that it had waived its attendance policy for several weeks after getting approval to reopen...

3 July 2020 11:37 AM IST

Intel Capital to buy 0.39 pc stake in Jio Platforms for Rs 1,894.5 crore. (PTI Photo)Business
Intel to invest Rs 1,895 crore in Reliance-'s digital unit

Intel Capital is 12th company to join the list who have invested in Jio Platforms, taking total investment amount to Rs...

3 July 2020 8:45 AM IST

GVK, son in CBI net for Rs 705 crore airport scandalBusiness
GVK, son in CBI net for Rs 705 crore airport scandal

Central investigation agency searches GVK Group offices in Mumbai, Hyderabad

3 July 2020 8:34 AM IST

Beauty product companies seek endorsement by movie stars or beauty queens and create a false sense of beauty.Business
HUL rebrands -'Fair & Lovely-' as -'Glow & Lovely-' amid debate on...

The men-'s range of its products will be called -'Glow & Handsome-', Hindustan Unilever Ltd said in a statement.

3 July 2020 3:56 AM IST

Apple supplier Foxconn, others hit as India holds up imports from China. (AFP Photo)Business
Apple supplier Foxconn, others hit as India holds up imports from...

More than 150 Foxconn shipments containing smartphone and electronic parts were stuck at the port of Chennai

2 July 2020 4:12 PM IST

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