ASingapore arbitration panel has rejected Future Retail’s plea to quash an order from last year that put its $3.4 billion deal with Reliance on hold, in a boost for its partner Amazon.com Inc which is seeking to block the transaction. Amazon has been locked in a tussle…
Shares of the Indian Energy Exchange (IEX) surged sharply during Friday’s early session on the Bombay Stock Exchange (BSE). IEX shares hit the 10 per cent upper circuit level earlier in the day following an announcement on Thursday by its board. While the stock lost momentum during afternoon trade, it was still…
Apple occupied the top spot for the ninth consecutive year E-commerce giant Amazon occupied the second spot in the list with a brand value of $249,249 million. Sephora, ranked 100th, is the only new entrant to the rankings this year Interbrand, a New York-based management consulting company, on Thursday (October…
Digitisation is spreading across the globe. In the pandemic year, the world economy contracted by 4.4 per cent, but digitisation of economies has accelerated dramatically. The reason for this is primarily due to lockdowns, social distancing, and work from home getting promoted across the globe. As a result of this…
Fuel prices were hiked for the third consecutive day this week as global crude oil rates remain on the higher side. State-run oil marketing companies (OMCs) have hiked petrol and diesel rates across the country by 35 paise each. For the past three days, petrol and diesel rates have been increasing by 35 paise each.…
Today, gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX), for the fifth day in a row. Witnessing a jump of 0.29 per cent or Rs 139, gold futures, maturing on December 3, 2021, are retailing at Rs 47,555 per 10 grams on the MCX today. The rate of silver futures, maturing on December 3,…
The much-awaited initial public offering (IPO) of FSN E-Commerce Ventures Limited, which owns Nykaa, is set to open for subscription on October 28. The popular online aggregator platform for beauty, personal care, fashion and lifestyle products plans to raise approximately Rs 5,200 crore, according to sources quoted in…
Indian shares snapped three consecutive sessions of losses to open higher on Friday, with investors focused on a slew of earnings results, including energy-to-telecom giant Reliance Industries which is slated to be out later in the day. The blue-chip NSE Nifty 50 index was up 0.37% at 18,246.10 by 9:15 am, and the…
Tesla has again asked the government to slash the import tax on its electric vehicles before entering the Indian market. The US electric car maker has approached Prime Minister Narendra Modi’s office with the request as it gears up to sell its vehicles, according to sources quoted in a Reuters report. Elon Musk’s…
Cryptocurrency prices shot up on Thursday after a stellar rally boosted valuations of popular virtual coins. Bitcoin, the world’s largest cryptocurrency, is going strong after hitting a new record high of over $67,000 a day ago. At 12:15 pm, Bitcoin was trading at $64,622.50 or over one per cent higher than its price…