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METRO AG NEWS
Tesla is set to hire ex-Lamborghini head to drive India salesTesla has appointed Sharad Agarwal as its country head in India. Agarwal previously led Lamborghini India. This move signals a new strategy...- Stocks in news: Oriental Carbon, Maruti Suzuki, IndiGo, Texmaco Rail, WiproOriental Carbon saw Bank of America buying shares. Maruti Suzuki is adjusting its e VITARA production. IndiGo is launching flights to Almat...
- QIA closes in on Reliance Retail with $1 bn cheque at $100 bn valuationAt $100 billion, Reliance Retail will outpace global peers including Tesco, Carrefour, Uniqlo and JD.com. In India, Reliance Retail, the la...
- Exclusive: Reliance JioMart lays off 1,000 employees; govt groups may submit AI rules framework soonLayoffs have now hit Reliance Industries, with its wholesale format JioMart sacking over employees, as per people in the know. This and mor...
- India withdraws UN proposals on fighting cybercrime; Zomato shuts 10-min food deliveryThe policy document was withdrawn after it failed to find adequate support from other member nations of the UN Ad-Hoc committee, sources sa...
- Metro AG will sell its India business only if it gets the desired valuation"At the moment, talks with Reliance Retail and Thailand's CP Group are ongoing, but Metro won't do a distress sale or sell at a price lower...
- Reliance said to be sole bidder for Metro’s India businessCharoen Pokphand Group Co. is no longer actively in talks with Metro, leaving only Ambani’s Reliance to pursue the so-called cash-and-carry...
- Amazon India bets on local stores, social commerce; startups want more women in tech rolesAmazon said it was now looking to onboard more physical stores on its India platform to increase the number of goods that can be delivered ...
- Swiggy eyes Metro AG’s India ops; startups shift gear as large deals dry upThe German wholesaler, which operates 31 stores in India, has approached more than 10 companies to buy its local unit for around $1.5 billi...
- Global brands like Unilever, Colgate in India have mutiny at handIt’s a mutiny that the multinationals have invited upon themselves.
- The quiet rise of a startup hub in ChandigarhThere are over 700 active startups in Chandigarh as of July 9 and more than one-third of these were founded in the last four years.
- Wipro signs deal to take over IT units of Metro AG, expects business of $1 billionWipro will pay €40 million to acquire the IT assets of Metro in Germany, Romania and India, and take over 1,300 employees.
- If we can build & deliver in India, we can replicate it worldwide: Cedrik NeikeThe company has set up a $1-bn investment arm now scouting for opportunities to invest in startups in India.
- Verizon reaches agreement to acquire Vodafone's 45% stake for $130 billionVerizon will pay Vodafone $58.9 billion in cash, financed with credit from JPMorgan Chase & Co, Bank of America Corp, Barclays Plc and Morg...
- End-season sale lures shoppers back to malls and high streetsIndian shoppers are thronging malls and high streets once again, lured by the end-of-season discount sales, and bringing some relief to ner...
- InterGlobe, Dufry tie up to bring 'Hudson News Cafe' to IndiaAviation group InterGlobe has tied up with Switzerland-based Dufry International to establish and operate retail outlets under the brand Hu...
- Stocks to watch: Maruti, Essar Oil, M&M, Ranbaxy, ICICI Bank, Kotak Mahindra Bank, Reliance Media World, HCL Tech, Gammon IndiaVolkswagen AG plans to take a stake of up to 20 percent in Suzuki Motor Corp, providing Suzuki with a much-needed development partner and g...
- CAG rails against Delhi Metro's quality checksDMRC had scaled back its quality assurance tests to expedite project execution, says a report of the government's statutory auditor.
- Alleged Madoff fraud has worldwide exposureHSBC, RBS & Man Group PLC, Santander SA, BNP Paribas & Nomura are victim to Madoff's $50 bn pyramid scheme. Bernard L Madoff | Countries in...
- Siemens likely to double India business by 2010German engineering giant Siemens plans to double the size of Indian operations in the next three years, riding on strong demand for infrast...
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