Category Archives: Business

Piaggio Aims to Scale up Two-Wheeler Business in India

Italian two-wheeler maker Piaggio is looking to expand its sales network in India to over 350 dealerships by the end of this year as part of scaling up its business in the country, a top company official said. The company, which currently has around 250 sales outlets, will, however, stick to its premium lineage even as it seeks to grow Read More

AT&T to cut jobs in weaker business units

AT&T Inc is cutting some jobs in declining areas of its business, while hiring more people in faster-growing segments, an AT&T spokesman said on Monday. The layoffs will affect a “small” portion of the workforce and are consistent with staffing changes AT&T has done in the past, spokesman Jim Greer told Reuters by telephone. He declined to specify how many Read More

When Wall Street looks to Washington, it gets scared

Leah Willis | Reuters President Donald Trump It was Wall Street that scared the markets as storied institutions failed during the financial crisis, and now as stocks fall into bear market territory, it’s Washington that’s getting the blame. Making matters worse is that when financial markets are in trouble, market pros turn to Washington’s lawmakers and regulators for help, and Read More

Facebook Puts Karandeep Anand in Charge of Its ‘Workplace’ Business

Facebook has elevated its senior Indian-origin executive Karandeep Anand to head Workplace, the company’s two-year-old enterprise communication tool. Anand, who was earlier Head of Product for Facebook Marketplace and Payments services, would handle the Workplace product team and report to Julien Codorniou who is its Vice President. “I’m excited to now be part of the journey of bringing Workplace to Read More

GLP can build up to $30 billion business in India: CEO

Shrija Agrawal GLP CEO Ming Mei and Everstone Capital CEO Sameer Sain. Mumbai: In an exclusive interaction with Mint, Ming Mei, co-founder and CEO of alternate asset management firm GLP, and Sameer Sain, co-founder and CEO of Everstone Group, share their plans for the logistics real estate joint venture. GLP is a global provider of modern logistics facilities and technology-led Read More

Vijay Mallya Offers To “Repay 100%” To Banks, Says “Please Take It”

  Five days before a UK court’s verdict on whether Vijay Mallya can be extradited, the fugitive businessman, who is being investigated for fraud and money-laundering, appealed to various Indian banks to accept his offer to pay back 100 per cent of the principal loan amount he owes them. In a series of tweets, the liquor baron said that the Read More

Horlicks finds new home as Unilever buys GSK’s consumer nutrition business

Unilever has agreed to buy GlaxoSmithKline’s Horlicks and other consumer healthcare nutrition brands, and merge their Indian units, creating one of the largest food and refreshment businesses in the country. The deal comprises three major transactions – an all-stock acquisition of GSK Consumer Healthcare India (GSK CH India), an all-cash acquisition of GSK Bangladesh, and the acquisition of certain other Read More

15 Great Websites For Women Business Owners

Women business owners can achieve so much more when we support each other. If you’re a woman entrepreneur, check out these 15 websites for women business owners that can help you start or grow your business: American Business Women’s Association This organization for business and professional women (including both small business owners and corporate employees) provides opportunities for members to Read More

Moneycontrol Ultimate Business Quiz #54: Test your knowledge

Q1. Identify the Google Doodle. 2/40 Answer: Arecibo message. 3/40 Q2. The company Bubbles Incorporated SA was set up in 1972 to merchandise, protect and promote his image. Bubbles Incorporated SA owns, by assignment from the legend himself, trademark, service mark, publicity and related rights to the name, likeness and personality of him and his little tramp character, and the Read More

Moneycontrol Ultimate Business Quiz #54: Test your knowledge

7/40 Q4. Assistive Context-Aware Toolkit (ACAT) is an open source platform developed at Intel Labs to enable people with motor neuron diseases and other disabilities to have full access to the capabilities and applications of their computers through very constrained interfaces suitable for their condition. It was originally developed by researchers at Intel Labs for whom? 8/40 Answer: Stephen Hawking. Read More