Flipkart said on Thursday it had acquired parent Walmart Inc's local cash-and-carry business, as the e-commerce firm strengthens its wholesale offerings to compete better with Amazon.com Inc.
Amazon.com Inc's Indian unit on Thursday said it will begin offering auto insurance, making India the e-commerce giant's first market for the service.
LONDON: British officials voiced concerns about the government buying a US$500 million stake in satellite company OneWeb this month, questioning whether it would deliver UK jobs and offer value for taxpayer's money, according to a committee of lawmakers. Britain joined forces with India's Bharti ...
Siemens is rolling out its Comfy mobile phone app to hundreds of its offices around the world to help staff safely return to the office after the coronavirus shutdown.
Walmart-owned Flipkart will buy the U.S. retail giant's Indian cash-and-carry wholesale business as the e-commerce firm looks to strengthen its offerings for mom-and-pop stores, the company said on Thursday.
Apple Inc supplier LG Display Co Ltd reported its sixth consecutive quarterly operating loss on Thursday, as people shied away from buying new TV sets in the middle of the pandemic and panel prices remained weak.
Daimler reported a consensus beating second-quarter operating loss of 1.68 billion euros (US$1.91 billion) on Thursday and said it expected earnings before interest and taxes in 2020 to be higher than last year.
A new derivatives rule should clear up any uncertainty about U.S. regulators' role in transactions involving foreign banks and foreign counterparties and so avoid clashes with other watchdogs, a senior U.S. regulatory official said on Thursday.
Second-quarter sales at Unilever fell much less than expected as strong growth in North America helped to offset the hit from coronavirus lockdowns.
Cycling is booming across the globe as people seek to avoid crowded buses and trains on their commute in the wake of the coronavirus pandemic -- or get back into shape after long months of lockdown.
