The company has agreed to pay five months’ gross salary, in addition to the full and final settlement amount paid to the employees earlier
The funding round was led by Norwest and Skegen Asset Management with participation from Indus Bridge Ventures, GJNX Ventures and noted investor Ashish Kacholia
The EU on Monday slapped a €550 million (US$630 million) fine on online retailer AliExpress for allowing the sale of illegal products, including unsafe toys and cosmetics. The European Union said AliExpress also did not do enough to stop the sale of counterfeit products and that when the platform detected illegal goods were on sale, many remained online for several weeks. The EU found some of the products sold on the platform did not meet the bloc’s strict environmental and safety standards...
The Irish airline said oil prices had increased costs meanwhile Brent crude surpassed $90.
The Narasu’s story began in 1926 with its founder, V. Lakshmi Narasimhan (fondly known as Narasu), introducing high-quality tea and coffee blends.
Ikea’s parent company Ingka Group has hired property consultancy JLL as its sole sales agent to offload eight retail properties in mainland China, the multinational furniture brand’s largest asset disposal since it entered the market nearly 30 years ago. Seven of the properties were Ikea stores that ceased their operations in February. The remaining one, a site in Guiyang in the southern province of Guizhou, shut down in 2022 and has been vacant ever since, according to disclosure from JLL last...
A China distributor for the global computer peripherals giant Logitech has been fined 200,000 yuan (US$30,000) for an insulting advertisement which likened consumers to dogs. According to a report by Beijing Daily, the market supervisory authority in Shanghai’s Jingan district imposed the penalty on Shanghai Baishide Electronics Company in late June for its advert for a Logitech mouse which used offensive language. The video ad was released on a leading short media platform on March 25. “You...
[The content of this article has been produced by our advertising partner.] Cyberport has launched the city’s first hub designed specifically for one-person companies (OPCs), offering entrepreneurs a combination of trust, compliance support and preferential access to essential services that are difficult to secure elsewhere. Announced on July 13 at the Web4.0 & Agentic AI Innovation Summit, the launch of the OPC Hub @ Cyberport addresses a critical gap for founders leveraging autonomous AI...
CPI(M) seeks ₹50 lakh compensation for kin of
Companies should send their representatives and experts to the district to study local requirements and demands while releasing the grant under the CSR fund, he says.
Though Air Kerala and Alhind Air were expected to begin operations last year, uncertainty has derailed their plans, exacerbated by geopolitical tensions and investment woes
Homeplus was once a retail haven for millions of South Korean families who shopped for groceries and household goods regularly at its cavernous hypermarkets. But that ritual over almost three decades ended this week when the company closed all its remaining 67 operating outlets nationwide after suspending 37 others earlier as part of its restructuring. The sudden closure of South Korea’s second-largest hypermarket chain reflects not only its financial distress, but also a decline of the shopping...
Hong Kong delivery company Lalamove and professional services firm EY have joined forces and jumped on the “low-altitude economy” bandwagon in the hopes of expanding their reach in the Greater Bay Area and transforming conventional business. The companies told the South China Morning Post that the collaboration would leverage Lalamove’s logistics platform and EY’s services in planning, business modelling, risk advisory, governance and tax and customs advisory. The initiative involves equipment...
Chinese electric vehicle maker Xpeng made its European ambitions clear on Thursday, as the firm unveiled its Mona L03 compact SUV at an event in the heart of Germany’s car industry, Munich. The launch, arguably the largest ever staged in Europe by a Chinese carmaker, was not just about introducing a new model, but also about convincing Europe that Xpeng is here to stay. “We are here not only to bring our products to Europe, but also to build them for Europe,” said He Xiaopeng, Xpeng’s chairman...
Donald Trump’s social media company has discussed charging Wall Street traders and investment firms as much as US$100,000 a month for faster access to the US president’s posts on his Truth Social platform, according to people familiar with the matter. Trump Media & Technology Group, which owns Truth Social, has in recent weeks also pitched a discounted plan of US$60,000 per month if the firms sign up for a three-year plan, the sources said, requesting anonymity as the discussions are...
The recall is the latest development in a series of reports of autonomous vehicles impeding emergency response efforts.
They say the labour codes introduced by the Union government do not provide effective penalties against companies that violate labour laws
Responding to IT Minister Nara Lokesh’s call to invest in State, the Amara Raja Group MD says in a social media post that ‘together, we will continue creating opportunities and building a brighter future’
Spread across a 3.15-acre beachfront site, the proposed hotel features 225–250 guest rooms and suites, multiple restaurants, banquet and conference facilities, a swimming pool, spa, fitness centre and landscaped recreational spaces
Hong Kong flag carrier Cathay Pacific Airways has postponed resuming direct flights to the Middle East amid recent signs that the Iran crisis is rekindling. The airline said on Friday that its daily passenger flights to Dubai would be postponed until October 25, while its four weekly services to Riyadh would be delayed to October 26. Earlier this month, the airline said it planned to resume passenger services to the two destinations on September 1, following signs of de-escalation under a...
Malaysia’s government could not interfere in the management of companies and only regulates shareholding structures, its transport minister said on Friday, following the appointment of former DP World chief Sultan Ahmed bin Sulayem to lead the country’s largest port operator. Sultan Ahmed, who in February quit his top post at Dubai-based logistics giant DP World amid scrutiny over his alleged ties to Jeffrey Epstein, has taken charge of Malaysian firm MMC Port Holdings. “We regulate only in...
The addition of this hotel would further strengthen the company’s owned asset portfolio in Ahmedabad by straddling across all the branded hospitality market segments and price points, the company said.
Homegrown firms are gaining ground in Ivory Coast's fuel, finance and cosmetics sectors.
The city-based PSU has been executing successfully and has proved to be an able ally in the country’s Atmanirbhar telecom initiatives: Rajesh Rai, CMD, ITI Ltd.
Brand launched by Girijyothi Farmer Producer Company, which is an initiative of the High Range Development Society and comprises over 700 tribal farmers from the Anchunad hills
The harassment faced by the group during the YSRCP term should never have happened, the Minister says in a social media post, while hoping that the company’s biggest chapters will still be written in the State where its journey began
Taiwan Semiconductor Manufacturing Co (TSMC) has pledged an additional US$100 billion to expand its manufacturing facilities in Arizona, boosting the company’s US investment to US$265 billion, as the chip foundry rushes to meet booming demand driven by artificial intelligence. TSMC chairman CC Wei said the firm planned to proceed “as fast as possible” with the new Arizona investment but declined to provide a timeline, noting that progress would “depend on the market situation and our customers’...
The company says it will create "high-tech, high-paying jobs", and raises its total commitment to the US to $265bn.
This article was first published on July 17, 1986. Cafe de Coral the live wire in quiet market by John Mulcahy Fast-food counter Cafe de Coral hit the boards yesterday (July 16, 1986), trading up to $1.35 and recording the biggest volume of the day. Although 16.6 million Cafe de Coral shares traded, at a total value of $22.08 million, this was about all the excitement the market could muster, as it took a breather after some hectic activity on Monday and Tuesday. Another talking point was Yeo...
Addressing speculation over Adani Group's proposed U.S. investment plans, the businessman said the group's intention to invest $10 billion had been publicly announced on November 13, 2024, before the indictment was unsealed
At the Kerala Samudra Mission 2026 seminar in Thiruvananthapuram, Satheesan announced that the Tata Group is seeking State approval for a ₹10,000 crore investment in shipbuilding. He also revealed Singapore’s Changi Airport’s interest in aviation-related investments in the state.
Unveiling the foundation stone, the IT Minister calls Dalmia Bharat a strong and reliable partner who shares the vision of building a globally competitive, future-ready economy through sustained industrialisation
Hong Kong’s airport has reported a 16.8 per cent decline in net profit to HK$2 billion (US$255.16 million) for the 2025-26 financial year, with the management citing a significant rise in expenses driven by the third runway’s operating costs and last year’s aircraft salvage operation. In its annual report released on Wednesday, the operator of Hong Kong International Airport (HKIA) said revenue grew 11 per cent year on year to HK$18 billion for the period ending March 31. Passenger throughput,...
Hong Kong’s flag carrier, Cathay Pacific Airways, will expand its network by including four new destinations in Latin America via Madrid through code-share flights with Spanish airline Iberia. Passengers from Hong Kong will be able to travel to Fortaleza and Recife in Brazil, Buenos Aires in Argentina, and Santo Domingo in the Dominican Republic under the new arrangement. Cathay will also increase the frequency of non-stop flights from Hong Kong to Madrid from four a week to daily, starting on...
The feud between Samsung Electronics’ device-making and chipmaking divisions is deepening, as employees in the smartphone and home appliance businesses are expressing anger over a nearly 100-fold compensation gap between them and employees in the chipmaking division. Samsung Electronics Company Union (SECU), which is mostly made up of employees in the appliance-making Device Experience (DX) division, will hold a rally under a “same company, same rights” slogan at the company’s plant in Suwon,...
Warren Buffett has stopped donating to the Gates Foundation, ending a two-decade philanthropic partnership following revelations about interactions between Microsoft co-founder and philanthropist Bill Gates and the late sex offender Jeffrey Epstein. Buffett said on Tuesday that he was donating about US$6 billion of Berkshire Hathaway stock, comprising 12 million Class B shares, in his annual midyear donation to four family foundations overseen by his daughter Susie and sons Howard and Peter. The...
KIA is already the second-largest airport in the country by virtue of overall domestic traffic
200 people onboarded; number likely to be 500 within a year; long-term plan is for a 2,500-seat campus in Hyderabad, TestingXperts leadership says
Minister of IT and Education will lay the foundation stone for the expansion of the plant at Chinnakommerla village in Mylavaram mandal of the Jammalamadugu constituency on Wednesday
Louis Vuitton is set to face off against China’s trademark regulator in a Chinese intellectual property court on Thursday, as the French luxury brand deals with public backlash in China over a separate legal battle against a local milk tea brand. Louis Vuitton Malletier filed the administrative lawsuit against the China National Intellectual Property Administration (CNIPA), with a Chinese individual – Huang Minyao – joined as a third party, according to a notice published by the Beijing...
Production will stop for two years at the mine which employs more than 4,000 people.
The pilot project is all set to be launched soon in Kodaikanal and Udhagamandalam following a Madras High Court directive
From franchising to diversification, Hong Kong’s heritage brands and long-running family businesses are looking for ways to navigate challenging times amid changing consumption patterns and soaring costs. Second- and third-generation stewards of three local brands – charcoal-roasted goose restaurant Yung Kee, toy manufacturer Kader Holdings and construction group Asia Allied Infrastructure – are using different strategies to adapt to the changing times, they explained recently in an interview...
We have the right of prior usage, says Belagavi-based engineer
Other US fast food brands have struggled to succeed in the countries their dishes originated.
Apple files a lawsuit against OpenAI, accusing it of stealing trade secrets.
The states claim the $110bn acquisition would limit competition in the TV and film industries.
Shein Executive Chairman Donald Tang will step down as his mission of taking the company public nears completion, three sources with direct knowledge of the matter said on Monday, retreating to an advisory role after three years as the public face of the global fast-fashion retailer. A Chinese-American billionaire who began his career in banking, Tang has acted as the Western proxy of secretive Shein founder Sky Xu, liaising with politicians and regulators around the world while also...
200 people onboarded; number likely to be 500 within a year; long-term plan is for a 2,500-seat campus in Hyderabad, TestingXperts leadership says
The group, which includes Porsche and Audi, has faced a steep fall in profits and tough competition from China.
Poompuhar is collaborating with Reliance Retail, which will procure handicraft products and showcase across its retail outlets. Poompuhar is making a strong push into gifting segment, with the initiative set to be launched ahead of Deepavali.
The State government cleared the Kolkata firm’s integrated plant at the Bobbili Growth Centre, to produce manganese sinter, DRI and carbon paste, and allotted 94 acres at a concessional rate
American burger chain Five Guys will debut its first Beijing store next month, the company said last week, joining a group of US fast-food brands newly entering or accelerating their expansion in China. Chains including Wendy’s, Chili’s, Texas Chicken and Popeyes are hoping to grab a slice of the world’s second-largest consumer market as they face saturation at home, analysts said. Five Guys opened its first China outlet in Shanghai in 2021 and drew large crowds. It plans to open three locations...
The German supermarket's $9bn US push targets urban hubs like Manhattan. Can its discount model match Walmart?
Suvendu promises to create a business and industry-friendly area in Bengal by putting law and order in place and ending the extortion culture
Awards committee chairman says three others will also be receive the award at a function which will be held in New Delhi on July 28
BYD, the world’s largest electric vehicle (EV) maker, has intensified efforts to promote its high-performance batteries and superfast charging technology around the world as it tests a car that it says boasts the world’s longest driving range in a journey from Rome to Hong Kong. A fleet of upgraded versions of the Z9GT, a car produced under BYD’s premium Denza brand, has been travelling across European countries including Italy, Croatia, Serbia and Turkey for nearly a month at the start of a...
Volkswagen Group’s deliveries in China slumped during the first half of 2026 to their lowest level in 16 years, as local electric vehicle (EV) brands further siphoned off buyers’ interest in petrol cars amid a slowing market. Through its three ventures with Chinese partners, the German car brand handed over a total of 971,000 units to customers in China between January and June, down 26.1 per cent year on year, it said in a statement. The delivery volume hit the lowest level since the first half...
Affected employees staged a protest march to the company’s head office at Thrikkakara on July 11, demanding clearance of dues
New initiative to generate more income through value-added products
The UK is considering intervening in the Paramount-Warner merger over concerns about media plurality.
The court directed Google to pay ₹30 lakh as damages, and listed the matter for hearing on July 24
Kerala govt issues ultimatum to medical coding firm to present alternative proposals to retain its workforce in the State or face prosecution for alleged violations of labour laws
Airport official say the passengers are still inside the flight. Air India will be arranging another flight to Bengaluru to accommodate them
Japanese apparel retailer Uniqlo posted higher revenue and double-digit profit growth in mainland China over the three-month period ending in May, defying sluggish domestic consumption and lingering bilateral tensions. Same-store sales rose, driven by enhanced marketing and “buoyant demand” for summer products in May, when temperatures started to rise. Easy pants, UV-protection items, T-shirts and other summer products all saw strong sales, according to the earnings report from Fast Retailing,...
Court urges resolution of disputes as contemplated under Industrial Relations Code
Reports of sweeping lay-offs at Tokopedia, the Indonesian e-commerce giant majority-owned by China’s ByteDance, have renewed concerns about Southeast Asia’s largest digital economy as analysts warn the country’s tech winter shows few signs of easing. The cuts have also raised questions over the future of one of Indonesia’s best-known home-grown digital champions, with analysts saying Tokopedia’s deeper integration into ByteDance’s ecosystem could shift more technology, product and strategic...
Xiaomi, the smartphone vendor that has become one of Tesla’s biggest challengers in mainland China after entering the electric vehicle (EV) market, has doubled down on research and development to combat a slowdown in domestic sales. The Beijing-based tech giant announced on Thursday it would assemble and sell models under a new sport-utility vehicle (SUV) line known as Sky Nomad, a product range analysts said would be likely to include extended-range battery technology to lure consumers away...
Industry leaders called for faster procurement, stronger funding and greater adoption of homegrown technologies
Company representatives discuss expansion plans with Chief Minister Revanth Reddy
A symbolic trial run of sugarcane crushing was carried out by feeding cane into ‘A’ Mill
After a Chinese milk tea brand was ordered by a Suzhou court to pay Louis Vuitton 10.3 million yuan (US$1.5 million) for trademark infringement, many internet users expressed their support for the mainland company, with some claiming they have lost their positive impression of the luxury brand following the case. The news of the verdict, announced in early July, has been viewed 400 million times on Weibo, alongside a hashtag “Molly Tea lost the lawsuit but won the public’s heart,” which...
Apple lost its challenge on Wednesday against landmark EU rules that designate its app stores and operating system iOS as gatekeepers subject to obligations aimed at giving rivals more room to compete. The EU Digital Markets Act (DMA), which sets out a list of dos and don’ts for Big Tech with the threat of fines of as much as 10 per cent of a company’s global annual turnover, has triggered legal challenges by Apple, Meta and ByteDance since it took effect in May 2023. The ruling by the...
Labour department officials recorded the attendance of employees who turned up at the office on the day. This arrangement will continue until Friday, when Labour Minister is expected to hold a conciliatory meeting with senior company officials
Chinese electric vehicle (EV) assembler BYD has set its sights on Porsche’s supercars with plans to sell its Denza-branded new models in developed markets, the latest sign of its increasing heft in designing and manufacturing premium vehicles. The Shenzhen-based carmaker planned to unveil the Denza Z sports car featuring BYD’s self-developed intelligent DiSus body control system at the UK’s Goodwood Festival of Speed on Thursday, it announced in a statement. The European debut of the sports...
We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. China’s BYD surpasses Tesla to regain lead in global EV race China’s electric vehicle (EV) king BYD has leapfrogged once more over Tesla to become the world’s largest battery-powered car manufacturer, spurred by its surging overseas shipments, despite posting an 8.2 per cent...
A mainland Chinese court has claimed jurisdiction over an investor lawsuit against a Hong Kong-listed firm for the first time, with the move likely to increase scrutiny of corporate disclosures. Mainland investors filed the lawsuit with the Beijing Financial Court, alleging that an overseas-incorporated company had failed to disclose irregular loans, unauthorised guarantees and related-party transactions in 2017 and 2018, in violation of Hong Kong’s listing rules, according to a recent report by...