After the anti competition regulators in the United Kingdom turned down an attempt for the combination of British supermarket arm Walmart, the world's biggest retailer – Asda, with rival Sainsbury's, last month, the US retailer now plans to take the British subsidiary public into the stock market,...

The slowing down of the Chinese economy was offset by the Chinese tech and e-commerce giant Alibaba Group Holding Ltd in terms of sales and earnings driven by an overhauling of its shopping recommendations.   In the three months ended in March, the company revenues reported was 1.8% more...

The phones of users of online messaging app WhatsaApp were exposed to targeted spyware which could be installed on phones through voice calls because of cyber security breach, admitted the company on Monday. Both the iPhone and Android devices are affected by this breach. It is being alleged that...

A record 1.25 billion euros ($1.40 billion) would be paid to the 1.25 billion euros ($1.40 billion) by the French luxury goods group Kering for the settlement of a case that is related to the fashion brand Gucci of the company.   According to analysts, the cash reserves available with Kering...

India’s Reliance industries has agreed to take over the British high street icon Hamleys, which is the oldest toy retailer of the world and which is currently owned by the Chinese.   The 250-year-old toy chain is currently owned by Hong Kong-listed C Banner International Holdings Ltd and an...

The German government is likely to be sued by the European aircraft manufacturer Airbus over the decision of the German government to put a freeze on exports of arms to the Kingdom of Saudi Arabia. According to reports quoting sources, this decision would impair Airbus from completing a border...

Kraft Heinz Co., which is being investigated by the United States Securities and Exchange Commission in relation to its procurement activities, would be restating its annual financial results for the financial years 2016 and 2017, as well as for the nine months of 2018 because of misreporting of...

Citing allegations of conducting their business in an illegal manner in Australia which is resulting in financial damage to the local taxi industry workers and operators, a class action lawsuit has been filed in the country against the United States based ride hailing company Uber Technologies....

Tesla announced that it wants to raise as much as $2.7 billion from its planned sale of notes and stock to raise much-needed capital – an announcement which was made by the company just a day ago.   The reason for the increase in offering was because of the high positive response from...

The impact on the bottom line of US based chip maker Qualcomm because of its legal fight with iPhone maker Apple Inc over patent rights was made clear for investors. It also included the undisclosed multibillion dollar payment from the case settlement with Apple as one time payment and future...

Citelum now generates more than 75% of its revenue internationally. What is the story behind your success? To have any kind of success in a country, you must establish yourself on a long-term basis. This is necessary to understand the local context and give yourself time to succeed. When I talk...