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Nestle to change the name of two popular Australian confectionery products, Red Skins and Chicos sweets. (AFP Photo)

Nestle to rename two popular candies amid global backlash over racist...

Last week, PepsiCo Inc said it would change the name and brand image of its Aunt Jemima pancake mix, which have been...

23 Jun 2020 2:33 PM IST

Wirecard is a payments processor, offering companies services allowing them to accept credit cards and digital payments like Apple Pay or Paypal in stores, online or on mobile. In the picture, the Internet World Fair 2017 in Munich, Germany, Wirecard-Stand (Photo | Wikimedia Commons - Ordercrazy)

What's the Wirecard scandal? Here's five things to know

Here are the most important facts about a scandal that compares with the collapse of US energy company Enron in the...

22 Jun 2020 8:23 PM IST

The admission follows more than a year of reporting, especially by the Financial Times, on accounting irregularities in Wirecards Asian division. (Photo | AFP)

Payments services major Wirecard admits 1.9 bn euros missing, in...

Auditors say the 1.9 billion euros that were supposedly sitting in trust accounts in the Philippines likely do not...

22 Jun 2020 7:55 PM IST

Reliance Industries on Monday became the first Indian firm to hit a market valuation of USD 150 billion. (PTI Photo)

Reliance Industries becomes first Indian firm to hit Rs 11.44 lakh...

Reliance Industries on Friday became the first Indian company to cross the Rs 11 lakh crore market valuation mark.

22 Jun 2020 12:27 PM IST

Artisans and weavers who were part of Amazons Karigar program witnessed a 2.5X growth on Amazon after the event, while women entrepreneurs selling as part of Amazon Saheli program witnessed a growth of 1.7X, Amazon said.

Amazon's Small Business Day on June 27 promises to be a karigari treat

Themed stores like India Bazaar', Budget Buys' and Bestsellers' from micro, small and medium enterprises will be...

21 Jun 2020 10:24 PM IST

Amazon and BigBasket have got approval to deliver liquor in West Bengal.

Coy Grofers won't touch liquor, while BigBasket, Amazon, Swiggy and...

We serve families mostly, so not looking to get into this, Grofers co-founder and CEO Albinder Dhindsa said.

21 Jun 2020 8:19 PM IST

Drug firm Hetero on Sunday said it has received approval from regulator DCGI to launch investigational antiviral drug Remdesivir. (AFP Photo)

Hetero gets DCGI nod to launch Remdesivir for COVID-19 treatment

The drug will be available in 100 mg vial which will be administered intravenously in a hospital under healthcare...

21 Jun 2020 2:45 PM IST

Experts trying to cap gas-bearing well no-9 at Oil and Natural Gas Commissions Konaban site in Tripura. Oil and Natural Gas Corp (ONGC) has warned that the COVID-19 pandemic will impact the speed of execution of its projects. (PTI Photo)

ONGC may rationalise capex after COVID-19 impacts project execution

About 9 percent of the company's natural gas output was impacted by inability of customers to take supplies due to...

21 Jun 2020 12:37 PM IST

Amazon.com Inc has secured clearance to deliver alcohol in West Bengal. (AFP Photo)

Amazon gets nod for liquor delivery in West Bengal

Alibaba-backed Indian grocery venture BigBasket has also won approval to deliver alcohol in the state, the notice said

21 Jun 2020 9:12 AM IST

Chairman of Tata Sons and Tata Motors, Natarajan Chandrasekaran. Moodys downgrades Tata Motors to B1. (AFP Photo)

Moody's downgrades Tata Motors to B1, changes outlook to negative

TML's credit profile was already under pressure due to lower auto sales and falling demand in key markets even prior to...

19 Jun 2020 1:04 PM IST

Reliance Industries and Jio Platforms on Thursday announced an investment of Rs 11,367 crore by Saudi Arabias Public Investment Fund. (PTI Photo)

Saudi Arabia's Public Investment Fund to invest Rs 11,367 crore in Jio...

PIF's investment will translate into a 2.32 per cent equity stake in Jio Platforms on a fully diluted basis

19 Jun 2020 11:22 AM IST

Mukesh Ambanis Reliance Industries becomes net debt free after Rs 1.69 lakh crore fund raising. (PTI Photo)

Mukesh Ambani's Reliance Industries is now 'net debt free'

Ambani said Reliance raised Rs 1.15 lakh crore by selling a little less than a quarter of the firm's digital arm, Jio...

19 Jun 2020 10:02 AM IST