SoftBank Vision Fund will invest about $2.5 billion in Flipkart Group, swelling the e-commerce players’ cash hoard as it vies with Amazon.com Inc, people familiar with the matter said.
The original Raymond man is now living in penury. This is what the once flamboyant chairman of Raymond claims.
Reduced to a life of hand to mouth financial struggle with his own son Gautam, the present chairman is not providing for him.
Vijaypat Singhania, the ‘Raymond’ man, has filed a petition in the Bombay High Court alleging that he was not given the possession of a duplex in the upscale 36-storey JK House on Malabar Hill. According to a report in Mumbai Mirror, he was not given the possession despite repeated reminders to the owner of JK House — Raymond.
After successful stint by RecordTv, founded by Carlos Fernandes, recently launched (Artificial Intelligence) AI-based conversational bot “Blaze”. It searches web for news, tweets, videos and delivers them right away at Facebook messenger.
According to Carlos, “bots are the one of the most national form of communication and through which we can migrate and guide users few transactions in an interactive way that better encloses to the human closest experience.”
Wrigley India, an arm of Mars Inc, the US-headquartered over $33 billion global leader in confectionary, pet food and other food products, is laying utmost thrust on Mars Ambassador Program (MAP) to allow its associates – full time and part time – to develop skills which they can’t develop in their day to day job. The whole initiative aims at allowing its associates to use their skill-set in a different environment, which makes MAP assignments a ‘development journey’ even for experts. And line managers play a critical role in an associate’s development and achieving our talent ambitions.
Tata Motors-owned British iconic sports cars maker Jaguar Land Rover has opened bookings for the all new fifth generation sports utility vehicle Land Rover Discovery priced Rs 68.05 lakh (ex-showroom).
Claimed as one of the best ‘Family SUV’ in the world, the imported new Discovery from UK will rival the likes of the Audi Q7, Mercedes-Benz GLE and BMW X5 in the Indian market.
The seven-seater SUV will be available in five variants and with petrol and diesel engine options, with the range-topping First Edition diesel trim costing Rs 1.03 crore.
Bajaj Auto, India’s fourth biggest two-wheeler maker by sales, on Tuesday announced a partnership with UK’s Triumph Motorcycles to jointly make mid-capacity motorcycles for Indian and global markets.
The mid-capacity bikes comprise those in the range of 250cc to 750cc engine to be jointly developed by Bajaj and Triumph. But these new mid-capacity bikes would be sold under the badge of Triumph both in India and globally.
Carmaker Volkswagen and its subsidiaries said on Tuesday they would offer cash incentives to trade in old diesel cars, as Germany struggles to reduce harmful emissions following a cheating scandal.
The VW brand said it would offer buyers trading in an old diesel a discount on cars meeting the latest Euro 6 emissions standard, ranging from 2,000 euros ($2,363) on its up! compact cars to 10,000 euros for a Touareg SUV.
Tata Steel chairman N Chandra-sekaran on Tuesday defended the acquisition of Corus Steel in the UK and said all allegations were incorrect as the decision was one of the long-term strategies to grow through international acquisitions.
Addressing the 110th annual general meeting (AGM) here, Chandrasekaran said during the second-half of the previous fiscal, the company had faced challenges owing to leadership change at Tata Sons.
Samsung India, on Tuesday launched new imported FlexWash washing machine. The consumer durables and electronics firm is targeting to be number one in the washing machine business in the country nest fiscal.
“At present we are number two in the growing washing machines segment in the country with 24 per cent market share and we are targeting to be number one player in financial year 2017-18,” Alok Pathak, vice president, consumer electronics at Samsung India told Financial Chronicle.
BMW and Daimler, the world’s top luxury carmakers, have announced alliances with suppliers, talking up the virtues of having a bigger pool of engineers to develop a self-driving car. But another motive behind these deals, executives and industry experts told Reuters, is a concern that robocars may not live up to the profit expectations that drove an initial investment rush.