Business

Business

India business awaits changes to Raj era labour laws

WITH steel machines hissing and whirring and staff studiously manning production lines, Sunder Rajan's factory about two hours southwest of New Delhi is prospering. But...

Hundreds shrug off pandemic for Ikea’s new India store

Hundreds of masked shoppers defied pandemic fears to visit Ikea’s second Indian store, which opened on Friday, as the Swedish giant tries to lure...

India’s market regulator imposes fine on Mukesh Ambani, Reliance

INDIA’s market regulator has imposed fine on Reliance Industries and its chairman Mukesh Ambani, the country’s richest man. The Securities and Exchange Board of India...

Privatisation of India’s loss-making national carrier likely to be delayed

THE privatisation of India’s national carrier Air India will be delayed further as the divestment process is unlikely to conclude in 2020-21, an official...

Apple puts supplier Wistron on notice after Indian factory violence

Apple Inc has placed supplier Wistron Corp on probation, saying on Saturday it would not award the Taiwanese contract manufacturer new business until it...

India back on currency manipulation watchlist by the US

THE Trump administration labelled many countries including India as currency manipulators and said that these ‘trading partners’ may be deliberately devaluing their currencies against the...

Ikea announces second India store to open in Mumbai

Ikea said on Friday (4) it will open its second Indian store on December 18, seeking to woo the nation’s growing middle class with...

Retailer Boohoo probes Pakistan suppliers over ‘underpaid’ staff

British online fashion group Boohoo on Wednesday (23) said it was investigating a Guardian newspaper report that its suppliers were underpaying workers in Pakistan, after facing...

Seva Group brings German shoe brand Birkenstock to India

Premium German footwear brand Birkenstock has entered Indian market through a partnership with Seva Group. Seva Group, which is into automotive retail, entered consumer product...

RBI Twitter handle joins million followers club, first central bank in world to reach...

With one million Twitter followers, the Reserve Bank of India has become the first central bank in the world to reach this milestone. The Reserve...