“Vedanta has emerged as a preferred bidder for the company,” an executive aware of the matter said. The Vedanta group was engaged in protracted negotiations with a State Bank of India-led group of lenders after submitting its first offer. It later bettered the bid in the last week of November, according to executives aware of … Read more
Ikea customers in the UK and Ireland will be able to sell used furniture back to the retailer for up to half the original price. Ikea will then resell this second-hand furniture as part of a scheme that starts on Black Friday, November 27. Customers get an in-store voucher when they bring back their furniture, … Read more
Driven by industries like pharma, fast-moving consumer goods, education and IT, hiring activity in India saw a growth of 24 per cent in September compared to the previous month, according to a new report by job portal Naukri on Monday. Further opening up of the economy with unlock measures and increased mobility has led to … Read more
The move comes amidst the shrill calls for boycotting Chinese goods following violent skirmishes on the Leh border earlier this month that lead to the killing of 20 Indian soldiers. The government sees the air-conditioning industry as a priority sector for generating jobs along with furniture, leather and footwear. Leading air-conditioner maker Johnson Controls-Hitachi India … Read more