American Airlines has told flight attendants on extended leave that it wants them back, per a memo. The airline also plans to hire 800 new flight attendants before March 2022 as travel rebounds. It furloughed more than 8,000 cabin crew members in October 2020 as travel demand slumped. See more stories on Insider’s business page. … Read more
American private equity firm KKR on Thursday said that it has completed the acquisition of a majority stake in Darshan Patel promoted Vini Cosmetics, a leading branded personal care and beauty products company in India, On 22 June, KKR had announced that it was buying a controlling stake in Vini Cosmetics, the owner of the … Read more
6th note in the series. After significant uptick since last note in November 2020, what next?
Netflix Inc., marking its first big move beyond TV shows and films, is planning an expansion into video games and has hired a former Electronic Arts Inc. and Facebook Inc. executive to lead the effort. Mike Verdu will join Netflix as vice president of game development, reporting to Chief Operating Officer Greg Peters, the company … Read more
Bilateral trade in first six months hits $57.48 bn, surpasses pre-pandemic levels India’s trade with China in the first half of 2021 rose by a record 62.7% — the highest increase among China’s major trade partners — with total two-way trade surpassing the pre-pandemic levels. Two-way trade after six months was $57.48 billion, the highest … Read more
The Flipkart Group, a homegrown consumer internet ecosystem, on Monday said it raised $3.6 billion to fund its digital commerce activities in India. The fundraise seen participation from global investors, including sovereign funds, private equity and crossovers in addition to Walmart. The new investment values Flipkart Group at $37.6 billion. This round of funding was … Read more
Amazon India’s recently held Small Business Days (SBD) has helped more than 84,000 Small and Medium Businesses (SMBs) to bounce back from the economic disruptions caused by the second wave of Covid-19, the company said on Sunday. The three-day event was held between July 2 and 4. Of the 84,000, 68 per cent of the … Read more
Paytm, whose initial public offering is expected later this year, has cut down its marketing spend as it focuses on building revenue, and competes with PhonePe and Google Pay in the super application (app) space, according to a Bernstein report. “Within the UPI (unified payments interface) super-apps, PhonePe leads the pack on overall UPI … Read more
South Korean electronics major Samsung has not applied for the production-linked incentive scheme for telecom gear manufacturing, while Swedish telecom gear maker Ericsson is participating through its vendor Jabil Circuit. The government is learnt to have received 37 applications for the scheme, including from leading global manufacturers like Foxconn and its subsidiary Rising Star, Flex, … Read more