Global sportswear maker Adidas announced that it has committed to using only recycled plastic by 2024.
Aiming to make shopping faster and easier for millions of customers, cash-and-carry major Walmart on Tuesday announced a five-year strategic partnership with Microsoft.
China-based smartphone manufacturer OnePlus on Tuesday said it has started rolling out the next software update that comes with support for "Google Lens" functionality on OnePlus 6's native camera app.
Airline major Jet Airways has placed an additional order for 75 jets of Boeing "737 MAX 8" aircraft during the 2018 Farnborough International Airshow.
In one of the biggest recoveries till date, the Income Tax (IT) department has seized Rs 163 crore cash and about 100-kg bullion, following raids at multiple premises of a road construction firm in Tamil Nadu, officials said. The searches were launched on Monday at the premises of Ms SPK and Company, a partnership firm engaged in roads and highways construction on contract from the government.The raids followed after IT officials found "evidence of suspected tax evasion by the firm and its associates". Sources say that those raided have strong political links. Tamil Nadu CM directly oversees the Department of Highways and Minor Ports. Earlier the DMK had alleged that contractor Nagarajan was doing benami business for TN CM.
The International Monetary Fund (IMF) cut India's growth projections for this fiscal year to 7.3 per cent and for the next to 7.5 per cent on Monday, although the country will still retain its top spot in the global growth league. But "India's growth remains quite robust into the future; it is down but growing very strongly", said Maury Obstfeld, the director of the IMF's Research Department. The World Economic Outlook (WEO) Update reduced by 0.1 per cent the projections made in April for this year and by 0.3 per cent for 2019. At the news conference to release the report in Washington, Obstfeld explained the downgrade by saying that while the main factor is the rise in oil prices, "the general tightening in general global financial conditions is (also) playing a role in affecting India's growth".