Category: Business
Essar Group, owned by the Ruia family, has announced that it would deleverage around Rs 1.25 trillion of its debt if its offer to repay Essar Steel lenders in full is accepted. Sources close to the matter informed that the total deleveraging of Rs 1.25 …
Google and LG Electronics are reportedly working together in a partnership aimed at developing and providing hardware and software technologies to support upcoming smart city development projects. Apparently, these projects would utilize information and communication technologies for increasing the efficiency of urban services. The U.S. …
The British financial services firm, Lloyds Bank Plc, has recently agreed to tie up its wealth, investment and financial planning businesses with UK’s asset management company Schroders plc, in a move that would change the way the Brits save and invest in the country. As …
Electric scooter startup Lime is reportedly opening a new ‘lifestyle brand store’ in Santa Monica. As per trusted sources, the firm will certainly rent scooters out of the storefront. However, the big idea behind the brick-and-mortar store is placing heavy importance over customer engagement and …
The California-based carmaker Tesla has reportedly acquired a 864,885 square meters plot for its new factory in Lingang area, Shanghai. As per trusted sources, the construction of Tesla’s wholly-owned factory was initially announced in July. The carmaker expects the factory to manufacture its first cars …
In a move that will directly put the Barclays in competition with the Goldman Sachs’s online retain bank Marcus, the company seems to have launched a retail account that will offer a low-cost and digital-only bank for the U.S. customers. Barry Rodrigues, cards and payments …
The Swedish multinational furniture retailer Ikea has reportedly announced the launch of a spin-off chain of kitchen and bedroom showrooms. As per trusted sources, the company has been in the process to unveil new high street outlets in an effort to appeal to online shoppers …
Ikea, the Swedish home furnishings retailer has revealed that it would be commencing its e-commerce operations in India by March 2019. The company’s third store in India, which would be located in Bengaluru, will open in 2020 summer and would be a 5,00,000 square ft. …
