Business Bites

Megha Engineering and Infrastructure Limited (MEIL) has won the contract to build the Zojilla tunnel connecting Kashmir and Ladakh at an estimated cost of Rs 4,509.50 crore.

A key supplier to Apple Inc and a dozen other tech giants plans to split its supply chain between the Chinese market and the US, declaring that China’s time as factory to the world is finished because of the trade war.

ഹിന്ദു പിന്തുടർച്ചാവകാശ നിയമം 2005 ൽ ഭേദഗതി ചെയ്യും മുൻപു ജനിച്ച പെൺമക്കൾക്കും കുടുംബ സ്വത്തിൽ തുല്യാവകാശം ലഭിക്കുമെന്നു സുപ്രീം കോടതി വിധിച്ചു.

Warren Buffett’s Berkshire Hathaway reported a surge in profits in the second quarter as the value of its stock portfolio rebounded, offsetting a near $10bn writedown on its largest manufacturing business and a slide in operating earnings.

Mark Zuckerberg’s fortune has passed $100bn (£76bn) for the first time, adding him to an exclusive club of the world’s centibillionaires, after Facebook’s shares surged on news it is to launch a rival to the video-sharing app TikTok.

Shapoorji Pallonji Real Estate (SPRE) has raised $100 million (around Rs 750 crore) from non-banking finance company Asia Pragati, people with knowledge of the matter said. This is one of the biggest debt financing deals in real estate this year.

Pune-based Serum Institute of India (SII) Friday announced that the Bill & Melinda Gates Foundation will provide at-risk funding of $150 million (around Rs 1,125 crore) for the manufacture of its two potential vaccine candidates — ‘Covishield’ by Oxford University and AstraZeneca, and NVX-CoV2373 by Novavax.

Walmart-owned fashion retailer Myntra has acquired 100 per cent stake in Bollywood star Deepika Padukone’s fashion brand, ‘All About You’, for an undisclosed amount.

U.S. President Donald Trump said on Monday he does not mind if Microsoft Corp. buys the Chinese-owned short-video app TikTok, but any purchase by an American company would have to be done by a Sept. 15 deadline.

UK Chancellor of the Exchequer Rishi Sunak on Sunday backed a campaign for influential ethnic minority figures to be featured on a set of UK coins to celebrate Britain's diversity.

Things nobody should lose in a taxi — their phone and wallet — are what India’s richest man wants to control. And Mukesh Ambani intends to do it in a market of a billion-plus consumers.

Shares of Eastman Kodak have leapt 2,441 per cent higher this week, sending its market valuation to nearly $2 billion, after it won a government loan to help produce ingredients used in key generic medicines to fight the coronavirus.

Liverpool are closing in on Manchester United as England's most valuable football club after their Premier League title triumph, according to the latest edition of the Brand Finance Football Annual.

Shares of Japan’s Mitsubishi Motors Corp plunged more than 10 per cent to an all-time low on Tuesday after the automaker posted dismal sales in its key Southeast Asian market and forecast a huge loss for this financial year.

After banning 59 mobile applications (apps), including TikTok, almost a month ago, the Indian government has initiated another digital strike of sorts. This time it has cracked down on 47 more ‘Chinese-origin’ mobile apps - most being clones or lite variants of the ones earlier banned.

Toyota Kirloskar Motor (TKM) plans to start manufacturing hybrid systems in India as it wants to cut costs and make hybrid models more affordable.

The government has kicked off the process to launch the initial public offer (IPO) of insurance giant Life Insurance Corporation of India (LIC) — the mainstay of this financial year’s ambitious Rs 2.1-trillion disinvestment target.

Here's a list of the world's top 10 most valuable footballers in 2014-15. And yes, Lionel Messi leads the pack, a whopping $104 million more expensive than No. 2 on the list: Cristiano Ronaldo.

In the beginning of 2014, Shrikant Bhasi was a fringe newcomer in the business of movie exhibition with just three screens in Kerala. Twelve months, two acquisitions and over 300 screens later, he

SURAT: It's a towering idea that promises to take the Diamond City to new heights. If this ambitious plan by a Mumbai-based builder sees the light of the day, one would not have to fly all the way to

And somewhere in some parallel universe, so say all of us Venue: A New Year Drinks Networking Session
Location: Somewhere in Geneva nobody other than locals know where it actually is
Agenda: How do you solve a problem like Modi?

HYDERABAD: GMR Megawide Cebu Airport Corporation (GMCAC), a joint venture of GMR group and Manila-based Megawide Construction, has tied up the finances to the tune of nearly $525 million for Mactan Cebu International Airport contract in Philippines, the company said today.