BUSINESS
GS1 India elevates S. Swaminathan as CEO
Prior to his elevation, Swaminathan was the Chief Operating Officer and led the Business Development and Industry Engagement departments at GS1 India, in the last decade. He brings in 28 years of experience in leading sales and project management, channel development, supply chain management, customer support teams for domestic as well as the international markets.
Covid disruptions push down fuel demand in decades
Fuel consumption, an important barometer of the health of an economy, had shown contraction for the first time in two decades falling by a big margin of over nine per cent in FY21 as pandemic related lockdowns curbed economic activity and reduced the movement of goods and services across the country.
Microsoft to buy speech-recognition firm Nuance for $16B: Report
According to a CNBC report citing sources on Sunday, Microsoft first approached Nuance in December last year. At about $56 per share for Nuance, the acquisition value could be nearly $16 billion. At $16 billion, Nuance would be Microsoft's second largest acquisition after LinkedIn that the company bought in 2016 for $27 billion.
Flipkart ties up with Adani Group for logistics, data centre services
In this two-pronged partnership, Flipkart will work with Adani Logistics Limited, a wholly owned subsidiary of Adani Ports & Special Economic Zone Limited, to strengthen Flipkart's supply chain infrastructure and further enhance its ability to serve its rapidly growing base of customers, said a statement.
Sensex down 1,100 points amid rising Covid cases
An across-the-board selloff was led by finance, banking, auto and metal stocks.Around 10 a.m., Sensex was trading at 48,488.66, lower by 1,102.66 points or 2.22 per cent from its previous close of 49,591.32. It opened at 48,956.65 and has so far recorded an intra-day high of 48,956.65 and a low of 48,112.17 points.
CAIT calls for staggered timings for different sectors amid Covid surge
Assuring full cooperation of the business community of India to both Central and state governments in their efforts against the coronavirus spread, it said that on one side, effective steps are needed to stop increase in Covid cases, and on the other, economic and commercial activities should also continue by observing safety protocols in a strict manner.
Global manufacturing activity expands in March: Index
The global manufacturing purchasing managers' index (PMI) stood at 57.8 in March, up by 2.2 percentage points from the previous month, according to the CFLP, Xinhua reported on Sunday.
FPIs turn net sellers, pull out Rs 740 cr so far in April
This is a reversal from the bullish sentiments among the foreign investors over the past one year.So far in 2020, net FPI investments into the equity market have stood at Rs 55,002 crore, with Rs 19,473 crore, Rs 25,787 crore and Rs 10,482 crore net investments in January, February and March.
S Korean mobile carriers tipped for robust Q1 earnings
The combined operating profits of the country's three major mobile carriers -- SK Telecom Co., KT Corp. and LG Uplus Corp. -- are expected to have reached 966.5 billion won ($863.3 million) in the January-March period, up 6.8 per cent from the previous year, according to the poll on six local brokerage houses by Yonhap Infomax, the financial arm of Yonhap News Agency.
Amazon 'Mentor Connect' programme for startups launched
Introduced ahead of ahead of the company's flagship event "Smbhav," the Amazon Mentor Connect programme is aimed at accelerating the growth of start-ups and emerging brands owners enrolled in the "Amazon Launchpad" programme.Amazon Launchpad showcases differentiated products from startups and emerging brands to millions of Amazon customers.
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