Business

A study by Facebook and Boston Consulting Group said that India displayed the highest surge in preference for e-commerce, amongst other top nations such as China, Brazil, Indonesia, Thailand and the Philippines.

A group of tech companies and automakers, including Tesla Inc , Ford Motor Co , Honda Motor Co Ltd and Daimler AG , on Monday urged the U.S. Federal Trade Commission to seek an appeal after its loss in a case against chip supplier Qualcomm Inc .

Britain's largest supermarket Tesco on Monday said it will create an additional 16,000 permanent jobs to support the exceptional growth in its online business and may even increase the number of roles as the lockdown boosted its sales.

Moderna Inc said on Monday it has concluded advanced talks with the European Union to supply 80 million doses of its COVID19 vaccine candidate, which is currently in latestage testing.

Brazil's economy likely cratered 9.4% under the impact of the coronavirus outbreak in the country during the second quarter, the worst threemonth period ever, a Reuters poll showed.

Taiwan on Monday gave the domestic branch of Alibaba Group Holding Ltd's ecommerce site Taobao six months to reregister as a Chinese investment rather than a foreign one, or leave, in the government's latest shot against Chinese firms.

Rao said that the bank is expecting Rs 6,000-8,000 crore from the resolution cases pending before the National Company Law Tribunal.

Global education publisher Pearson has appointed Andy Bird, a media veteran who ran the international arm of The Walt Disney Company, as its new chief executive to see it through the latest bout of turbulence to hit the company.

Brazil has seized 70,000 tonnes of illegally mined manganese that four companies were preparing to ship to China from a northern port and confiscated the ore valued at 60 million reais ($10 million), the country's mining regulator said.

BP, Shell and Chevron Corp on Friday said they had begun evacuating offshore oil facilities, with two tropical cyclones heading toward the U.S Gulf of Mexico as the already active 2020 Atlantic hurricane season heats up further.

The investigation report was submitted during a board meeting of the company on July 24, in which the chairman was authorised to appoint an ex-judge of the Supreme Court or any High Court to suggest and oversee actions for recovery of the dues from MACEL...

The selected name from the interview will be sent to the Appointments Committee of the Cabinet, headed by the Prime Minister, for final approval.

Business events and economic reports scheduled for the coming week.

Environmental groups have asked an Ohio appeals court to revoke drilling permits granted by a state agency for construction of massive underground salt caverns to store natural gas liquids along the Ohio River, according to a lawsuit.

The duty was imposed after the Commerce Ministry's investigation arm DGTR concluded in its probe that continued dumping of 'Phosphoric Acid of all grades and concentrations (excluding Agriculture or Fertilizer grade)' from Korea was impacting domestic ind...

The selfexiled Chinese tycoon on whose 150foot (45meter) yacht President Donald Trumps former chief strategist, Steve Bannon, was arrested is a highprofile irritant to the ruling Communist Party.