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Reliance Brands ties up with global fresh food chain Pret A Manger
Reliance Brands ties up with global fresh food chain Pret A Manger

Chennai,  Reliance Brands Ltd (RBL) on Thursday announced a strategic partnership with global fresh food and organic coffee chain Pret A Manger to launch and build the brand in India.

With this long-term master franchise partnership, RBL will open the food chain across the country starting with major cit

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Lab, training centre to be set up to boost NE spice industry
Lab, training centre to be set up to boost NE spice industry

Guwahati,  Assam Chief Minister Himanta Biswa Sarma on Thursday said the state government and the Spices Board would establish a Quality Evaluation Laboratory and Training Centre for spices at Guwahati for further developing the spices industry in the northeastern region.

While inaugurating the Internati

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Top Apple corporate attorney pleads guilty to insider trading
Top Apple corporate attorney pleads guilty to insider trading

San Francisco, Gene Levoff, a top corporate secretary and director of corporate law at Apple, has admitted engaging in an insider trading scheme that spanned five years.

California-based Levoff pleaded guilty by videoconference before US District Judge William J. Martini to six counts of an indictment chargin

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US stocks see worst first half drop in over 50 yrs
US stocks see worst first half drop in over 50 yrs

Washington,  US stocks have seen their worst first half of a year since 1970, as concerns grow over how steps to curb inflation will affect economic growth.

In the last six months, the benchmark S&P 500 index fell 20.6 per cent, while other major US indexes also dropped sharply, the BBC reported.

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Economy/Business
Bharat Road Network completes stake sale of 67km road project in Odisha to CDPQ
Bharat Road Network completes stake sale of 67km road project in Odisha to CDPQ

Kolkata, Bharat Road Network Limited (BRNL), one of India's leading road developers, has completed sale of its entire stake in Shree Jagannath Expressways Pvt Ltd (SJEPL) to India Highway Concession Trust, an infrastructure investment trust set up by Caisse de depot et placement du Quebec (CDPQ), a global institutional

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Economy/Business
Telecom gear firm Parallel Wireless lays off 500, including in India
Telecom gear firm Parallel Wireless lays off 500, including in India

New Delhi,  Telecom gear provider Parallel Wireless has laid off at least 500 employees in India, Israel, the UK and the US.

Parallel Wireless is one of the leading vendors in the open Radio Access Network (RAN) industry and last had at least 860 employees across the world.

Indian technolo

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Economy/Business
Google to pay $90 mn to developers to settle Play Store lawsuit
Google to pay $90 mn to developers to settle Play Store lawsuit

San Francisco,  Google has reached a settlement over a lawsuit with a group of developers, where it will establish a $90 million fund to support developers in the US who earned $2 million or less in annual revenue through Google Play, during each year from 2016-2021.

The proposed agreement, said Google,

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Economy/Business
Hyundai's sales fall 4.5% globally amid chip shortage
Hyundai's sales fall 4.5% globally amid chip shortage

Seoul,  Hyundai Motor, South Korea's biggest carmaker, said on Friday that its sales fell 4.5 per cent in June from a year earlier, as a global chip shortage continued to affect its vehicle production and sales.

Hyundai Motor sold a total of 340,534 vehicles in June, down from 356,631 units a year ea

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Economy/Business
1% TDS on crypto investments in India, industry players say 'wait and watch'
1% TDS on crypto investments in India, industry players say 'wait and watch'

New Delhi,  As the Reserve Bank of India (RBI) further tightens its stand on cryptocurrencies, the 1 per cent tax deducted at source (TDS) on virtual digital assets (VDAs) and cryptocurrencies came into effect from Friday.

The 1 per cent TDS will be levied on payments towards virtual digital assets or cr

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World
6.0-magnitude quake jolts Philippines
6.0-magnitude quake jolts Philippines

Manila,  An earthquake measuring 6.0 on the Richter scale jolted Cagayan province in northern Philippines on Friday, authorities said.

The Philippine Institute of Volcanology and Seismology said the quake, which occurred at 2.40 a.m., hit at a depth of 27 km, about 27 km southeast of Dalupiri Island in C

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