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The acquisition at 2.5 times the embedded value (of Exide Life) is still 30-35 per cent cheaper than what other listed life insurers are trading at, Padalkar said. Representational image/Twitter

HDFC Life to take over Exide LIfe for Rs 6.7K cr

Once the share issue happens, Exide Industries will be on-boarded as shareholder in HDFC Life and will have 4.1% stake...

4 Sept 2021 7:56 AM IST

Britains economy shrank by one fifth in the second quarter, more than any European neighbour, as the lockdown plunged the country into its deepest recession on record. Amazon, which has already created 3,000 new permanent UK roles this year, said it will offer more than 20,000 seasonal positions across the country ahead of the festive period. (Photo | AFP)

Amazon to hire 55,000 IT professionals globally, job fair starts...

Already the second-biggest private employer in the United States, Amazon brought on more than 500,000 people in 2020

1 Sept 2021 8:17 PM IST

Walmarts Flipkart eyes alcohol delivery foray with Indian startup, letters show. (PTI Photo)

Flipkart adds new warehouses in Karnataka, to create over 14,000 job...

Flipkart has nine supply chain facilities, including fulfilment and sortation hubs in Karnataka spread across nearly 23...

26 Aug 2021 8:07 PM IST

The government believes the investment will give a boost to the National Monetisation Pipeline. (Photo: Twitter/@FinMinIndia)

Cabinet clears Rs 15K crore FDI in Watsa firm

Anchorage, owned by investor Prem Watsa's Fairfax India Financial Holdings, invests in infrastructure, construction and...

26 Aug 2021 11:52 AM IST

Currently China accou-nts for 17 per cent of the worlds specialty chemicals exports, while India accounts for 1-2 per cent. Representational Image. (Twitter)

Specialty Chem firms bullish on exports

Another industry major Ami Organics too is set to tap the primary market

20 Aug 2021 5:00 AM IST

Walmarts Flipkart eyes alcohol delivery foray with Indian startup, letters show. (PTI Photo)

Flipkart expands grocery shops to Tamil Nadu, Kerala

Flipkart has sharpened its focus on scaling up this category with sellers, brands and farmers

13 Aug 2021 4:02 PM IST

Walmarts Flipkart eyes alcohol delivery foray with Indian startup, letters show. (PTI Photo)

Flipkart gets $1.35-bn ED notice

The case pertains to an investigation by ED into allegations of attracting foreign investment by Flipkart and WS Retail

6 Aug 2021 11:35 AM IST

Power distribution companies are estimated to have suffered a loss of Rs 90,000 crore in FY21, according to Niti Aayog. Representational Image. (Twitter)

Discoms may incur '75,000 cr loss in FY22

The pandemic and the subsequent lockdown seriously damaged discoms' finances

4 Aug 2021 3:02 AM IST

PepsiCo Inc witnesses double-digit fall in beverage sales in India. (AFP Photo)

PepsiCo to sell Tropicana, other juices, in $3.3B deal

PepsiCo bought Tropicana in 1998 and the Naked juice brand, also part of the sale Tuesday, about 10 years later

3 Aug 2021 8:02 PM IST

Tesla overcame a seven-week pandemic-related shutdown at its California assembly plant to post a surprising $104 million net profit for the second quarter. (AFP Photo)

Indian auto part makers want Tesla's entry to benefit local companies

Tesla Inc Chief Exec Elon Musk said in July that the company was likely to set up a factory in India if successful with...

3 Aug 2021 7:26 PM IST

Monin had signed an MoU with the Department of Industries & Commerce, Government Of Telangana in 2018 and announced an initial investment of Rs 100 crore to set up a plant in India. youtube.com

Georges Monin To invest Rs 200 Cr in Telangana

Despite the setback due to the Coronavirus pandemic, the French company has now doubled its investment for the plant

3 Aug 2021 8:36 AM IST

Fake posts that appear to be real are of particular concern ahead of the US presidential election in November, especially after false social media posts exploded in number during the 2016 vote that brought Donald Trump to power. Microsoft said it has partnered with the AI Foundation in San Francisco to make the video authentication tool available to political campaigns, news outlets and others involved in the democratic process. (Photo | AFP)

Microsoft in talks to buy stake in OYO: Sources

OYO's survival through the COVID crisis and resurgence shows that it is a company with strong fundamentals and high...

30 July 2021 7:12 PM IST