Category: Business
Recently Amazon announced the launching of its audiobook service Audible in India. The subscription-based service that has been much awaited in the country is the second to be launched by the online retail behemoth after it launched Prime. The Audible subscription is expected to complement …
Reports confirm that consumer and commercial product maker Newell Brands, Inc. is selling its Jostens and Pure Fishing businesses for a total of $2.5 billion. The decision follows a sequence of asset sales by the company which is attempting to increase its focus towards more …
The US-based retail giant Walmart has reportedly revealed a plan to invest about INR 3,200 crore to add over 47 new B2B carry and cash outlets in India. As per trusted sources, this would expand the retailer’s presence in the nation and take the total …
The American printing company, Quad/Graphics, Inc. has recently announced plans to acquire leading printing and digital media solutions firm, LSC Communications, Inc. in an all-stock transaction valued at $1.4 billion, creating a combined company that would amass a revenue of around $8 billion through the …
12CM Inc., a developer of foundational technology for smart stamps, has reportedly inked a memorandum of understanding (MoU) with Heptagon Square, a Netherlands-based IT firm, and Lucrion GmbH, a German marketing company, at Global Mobile Vision 2018 to form a joint venture. A member firm …
Reports confirm that the combined earnings of Reliance Retail and Reliance Jio Infocomm Ltd have surpassed the revenues of RIL’s petrochemicals business, which had been the company’s second-largest revenue generator for a long time, after oil refining and marketing. The results indicate a change for …
Japan’s banking behemoth Mitsubishi UFJ Financial Group has recently announced its plan to purchase the asset management operations from Australia’s largest money lender Commonwealth Bank of Australia (CBA) in an estimated deal worth around USD 2.7 billion (roughly 300 billion yen). According to the sources …
India’s IT and software major, Tech Mahindra Ltd. has reportedly signed a Memorandum of Understanding (MoU) with Japan’s electronic commerce and telecom company, Rakuten Inc. for building next-generation 5G software-based network laboratories in Bengaluru and Tokyo. As per an official statement, CP Gurnani, Managing Director …
