Despite a sleek marketing campaign, the world isn’t quite ready to ‘Make in India.’
The government on Wednesday said it was “closely engaged” with the US on all issues relating to the movement of Indian professionals, including under the H-1B visa programme, and had emphasised to that country that this was a mutually-beneficial partnership which should be nurtured.
Uber Technologies has hired an ex-adviser to former British prime minister David Cameron to lead the ride-hailing firms lobbying efforts in northern Europe, less than a month after the company won a reprieve to operate in London.
Bigtree Entertainment Pvt Ltd, which owns and operates BookMyShow, announced on Wednesday that it has executed definitive documents to raise $100 million in Series D funding led by TPG Growth, the middle market and growth equity investment platform of alternative asset firm TPG. The round also saw participation from existing investors.
LOTS Wholesale Solutions, a 100 per cent subsidiary of Thailand-based Siam Makro PCL, will invest Rs 10 billion over the next five years. The company, a part of $50-billion Charoen Pokphand (CP) Group, opened its first store in New Delhi on Wednesday.
Amazon.com ’s fourth annual Prime Day event lured shoppers from around the world, highlighting the promotion’s evolution from a rummage sale of obscure products to 36 hours of discounts on major brands such as Samsonite luggage, Callaway golf clubs and General Mills cereals.
Amazon.com’s stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple as Wall Street’s most valuable jewel.
Taiwanese tech major Asus is planning to open 100 new exclusive stores in the country by March next year, and increase its market share in the personal computers space to 7 per cent, a top company executive said.
With the second Make in Odisha summit barely four months away, the state government has allowed 20 per cent capital investment subsidy for the IT (information technology), IT-enabled services (ITes) and ESDM (Electronic System Design & Manufacturing) companies investing in the state.
IT firm HCL Technologies on Wednesday said it has completed the $ 330-million acquisition of US-based Actian Corporation in partnership with Sumeru Equity Partners (SEP).