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FILE PHOTO: The TikTok logo is pictured outside the company's U.S. head office in Culver City, California, U.S., Sept. 15, 2020.   REUTERS/Mike Blake/File Photo (REUTERS)
FILE PHOTO: The TikTok logo is pictured outside the company's U.S. head office in Culver City, California, U.S., Sept. 15, 2020. REUTERS/Mike Blake/File Photo (REUTERS)

TikTok attacks Trump ban as irrational

A lawyer for TikTok told a federal judge that President Donald Trump’s impending ban on the video-sharing app is irrational given that its Chinese owner is in talks to strike a deal the president himself has demanded

Ambareesh Murty, co-founder and CEO, Pepperfry (Mint)
Oncology, autoimmune diseases and immunology are the main segments in the space, and will likely remain the key growth drivers in the 2019-2024 period
Oncology, autoimmune diseases and immunology are the main segments in the space, and will likely remain the key growth drivers in the 2019-2024 period

Sun Pharma bullish on specialty biz, looks to expand segment to new geographies

Sun Pharma is looking to expand its specialty business across different regions like Greater China and Japan after having established presence in the US market, as per the company's Annual Report for 2019-20

The company is planning to open 25 stores by 2025 in nine cities. (REUTERS)
The company is planning to open 25 stores by 2025 in nine cities. (REUTERS)

IKEA to adopt omni-channel approach for expansion in India

IKEA, which is planning to open stores in Mumbai, Bengaluru and Delhi/NCR, is now looking to have a omni-channel approach, by integrating its brick and mortar format stores with online stores.

Sources said usually such acquisitions are done through unincorporated joint ventures but BPCL chose to form an incorporated joint venture. (Reuters)
Sources said usually such acquisitions are done through unincorporated joint ventures but BPCL chose to form an incorporated joint venture. (Reuters)

BPCL pays for defaulting Videocon in Brazil oil block

In September 2008, BPCL and Videocon Industries had formed a 50:50 joint venture to acquire a Brazilian oil exploration firm for $283 million

Linda Rendle, Chief Executive Officer at The Clorox Company (WSJ)
Linda Rendle, Chief Executive Officer at The Clorox Company (WSJ)
wsj

Clorox’s new CEO is racing to keep wipes on store shelves

Linda Rendle took the top job at Clorox this month, becoming one of the youngest leaders of a Fortune 500 company. Her challenge: meeting coronavirus-fueled demand.

MasterSoft bets on versatile solutions that enable the students and teachers to adapt to the new normal. (Hemant Mishra/Mint)
Serum Institute CEO Adar Poonawalla  (Mint)
The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, US (REUTERS)
Mukesh Ambani, chairman of Reliance Industries Ltd.
Mukesh Ambani earlier said, 'Silver Lake will be an invaluable partner in implementing our vision for Indian Retail'
Mukesh Ambani earlier said, 'Silver Lake will be an invaluable partner in implementing our vision for Indian Retail'

RIL gets 7,500 crore from Silver Lake for 1.75% stake in retail arm

  • On 9 September, Reliance Industries announced that Silver Lake would invest 7,500 crore in its retail arm
  • This marks the second investment by Silver Lake in a subsidiary of Reliance Industries, following a 10,202.55 crore investment in Jio Platforms

Anil Ambani, chairman, Reliance Group, said he believed that upon the resolution of RCom and RITL’s debt, as per resolution plans filed before NCLT, a significant portion, if not the whole, of the said debts will stand discharged.mint
Anil Ambani, chairman, Reliance Group, said he believed that upon the resolution of RCom and RITL’s debt, as per resolution plans filed before NCLT, a significant portion, if not the whole, of the said debts will stand discharged.mint

Simple man of simple tastes, leads disciplined not lavish lifestyle: Anil Ambani

Former billionaire Anil Ambani rejected a judge’s comment that he lived a 'lavish lifestyle' as he faced questions about his assets from lawyers acting for a trio of Chinese banks

The company was implementing a few strategies to narrow the gap with the market leader Asian Paints
The new group, which bills itself as the 'Real Facebook Oversight Board,' counts among its initial members the heads of three U.S. civil rights groups, the former president of Estonia and the former head of election integrity at Facebook.
The new group, which bills itself as the 'Real Facebook Oversight Board,' counts among its initial members the heads of three U.S. civil rights groups, the former president of Estonia and the former head of election integrity at Facebook.

Facebook critics launch rival oversight board

The launch comes a day after Facebook's officially-mandated Oversight Board said it would start work in mid-late October, nearly a year behind schedule.

The company currently has 33 operational dealerships and there are more than 25,000 Harley bike owners in India. REUTERS/Philippe Wojazer/File Photo (REUTERS)
The company currently has 33 operational dealerships and there are more than 25,000 Harley bike owners in India. REUTERS/Philippe Wojazer/File Photo (REUTERS)

Harley in talks with Hero for sales tie-up

Harley-Davidson, which has been in talks with India’s largest two-wheeler manufacturer for more than a year now, is aware that its plan to completely withdraw from the subcontinent would damage the brand, leading to unacceptability in the market in the future, industry executives said.

Earlier this week, the SP Group informed the SC that it would want to end the 70-year-old association with Tatas as the trust between them is broken beyond repair. reuters Photo: Reuters
Earlier this week, the SP Group informed the SC that it would want to end the 70-year-old association with Tatas as the trust between them is broken beyond repair. reuters Photo: Reuters

SP aims to restructure 10,900-crore debt

Shapoorji Pallonji to recast debt under govt’s resolution framework for covid

Paytm Mall said it is verifying the matter, with internal teams detecting no data breach. ht (MINT_PRINT)
Paytm Mall said it is verifying the matter, with internal teams detecting no data breach. ht (MINT_PRINT)

Paytm Mall FY20 loss down 60% to 479 crore

  • Paytm Mall had posted a loss of 1,171 crore in 2018-19
  • The firm's total revenue for the reported fiscal year declined about 27% to 703 crore as compared to 968 crore in 2018-19

Supreme Court had on September 22 asked SP Group and Tata Sons to maintain status quo on shares till October 28. Photo: Reuters
Supreme Court had on September 22 asked SP Group and Tata Sons to maintain status quo on shares till October 28. Photo: Reuters

SP Group to recast 10,900-crore debt under COVID-19 resolution framework

  • The proposed debt was to fund the group's core construction business which has been facing liquidity issues
  • Earlier, SP Group informed the apex court that it would want to end the 70-year-old association with the Tatas

Sources meanwhile indicated that NTPC could be in talks with Bihar utilities for two joint venture projects at Kanti and Nabinagar. Photo: AFP
Sources meanwhile indicated that NTPC could be in talks with Bihar utilities for two joint venture projects at Kanti and Nabinagar. Photo: AFP

NTPC gets shareholders' nod to raise up to 15,000 cr via bonds

  • The funds are proposed to be raised on private placement basis in one or more tranches not exceeding 30
  • The funds would be raised for capital expenditure , working capital and general corporate purposes, in the domestic market

The ministry said that it has just been informed that the award has been made in the arbitration case invoked by Vodafone International Holding BV (REUTERS)
The ministry said that it has just been informed that the award has been made in the arbitration case invoked by Vodafone International Holding BV (REUTERS)

Vodafone arbitration case: India to consider all options, says finance ministry

  • Vodafone Group Plc had won an international arbitration case against the Indian government in the high-profile dispute involving a $2 billion tax claim, news agency reported
  • The case refers to India’s controversial retrospective amendment to Income Tax Act in 2012

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