The US has ruled that Canada’s Bombardier received government subsidies and sold C-Series jets below cost in the US, a step likely to lead to steep tariffs. The US Commerce Department investigated the aerospace firm’s US sales after a petition from rival…
Rolling Stone magazine is getting a new majority owner. Media investor Jay Penske said his firm Penske Media was purchasing a 51% stake in the publication from New York-based Wenner Media. The 50 year old magazine is best known for covering music…
Amazon has launched dozens of private-label brands — apparel, electronics, even baby wipes — in recent years. That effort is starting to show signs of growth. According to a new report by OneClickRetail, Amazon’s private-label brands have generated roughly $450 million in…
Boeing and Bombardier exchanged verbal passes up the US plane maker that the Canadian company receives enormous sponsorships. The two sides showed up before the US International Trade Commission (ITC) in the most recent round of their severe line. Boeing accused Bombardier…
Amazon is a wrecking ball. It has bankrupted bookstores, crippled clothing stores, shaken the grocery industry and turned strip malls into ghost towns. It does all this while barely turning a profit. Wall Street would punish almost any other company that operated…
American tech major Microsoft will be focusing more on the government and the small business segment to grow its India revenues, a top official has said. “The SMB (Small and Medium Businesses) segment and the segments around digital India (and) government would…
Ride-sharing platform Ola on Tuesday announced it has acquired Foodpanda’s India business in exchange for Ola stock. The company also announced it will invest $200 million (approximately Rs. 1,282 crores) into Foodpanda’s India business over an undisclosed period of time. “Foodpanda India will benefit from…
Industrial conglomerates GE and Tata Group have entered into a pact to manufacture “CFM International LEAP” engine components in India, for the global supply chain, a company statement said here on Thursday. According to the statement, the two companies also evinced intention…
Walt Disney Co on Thursday agreed to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc for $52.4 billion in stock. Fox assets that will be sold to Disney, include the Twentieth Century Fox movie and cable networks….
German car maker Volkswagen on Thursday said it will increase prices across its range of models by up to Rs 20000 from Jan, 2018. Steffen Knapp, Director, Volkswagen Passenger Cars said, “The price increase is essential on account of several external economic…
