Omnichannel retailer Bed Bath & Beyond Inc. (BBBY), on Monday, said it will carefully review the letter from RC Ventures LLC. In the letter, RC Ventures said it believes Bed Bath should explore strategic alternatives that include separating buybuy Baby, Inc. and a full sale of the company. Bed Bath noted that its Board is committed to acting in the […]

Rationalising GST rates could make sector affordable, says Apollo Hospitals MD Apollo Hospitals MD Suneeta Reddy said on Friday the healthcare sector should not only be the focus of the Budget, but must also remain at the centre of the economy as the country aspired to become a $5-trillion economy. “It is important that infrastructure is created in this [healthcare] […]

Alka Mittal is the first woman to head the country’s largest oil and gas producer. Alka Mittal has been appointed interim chairman and managing director of Oil and Natural Gas Corporation (ONGC)—the first woman to head the country’s largest oil and gas producer. Ms. Mittal replaces Subhash Kumar, another interim head who retired after reaching superannuation age on December 31. […]

Digital Realty (DLR), Monday said it has agreed to buy a major stake in Teraco, Africa-based carrier-neutral colocation provider, from a consortium of investors, including Berkshire Partners and Permira, in a transaction valuing Teraco at about $3.5 billion. After closing, Digital Realty will own about 55% of the total interests in Teraco, while the remaining 45% will be held by […]

Fox Business Flash top headlines for December 30 Check out what’s clicking on FoxBusiness.com. Germany on Friday shut down half of the six nuclear plants it still has in operation, a year before the country draws the final curtain on its decades-long use of atomic power. The decision to phase out nuclear power and shift from fossil fuels to renewable […]

₹15,000-crore project includes battery storage system NTPC Renewable Energy Ltd. (NREL) will float a global engineering procurement and construction tender to set up a 3 GW renewable energy project with a battery storage system worth about ₹15,000 crore by February 2022, according to a senior official. “The NREL has decided to float a global tender or RFP (request for proposal) […]

It has signed definitive agreements to acquire 100% shareholding in Faradion Ltd. for an enterprise value of GBP 100 million (around ₹1,000 crore). Reliance New Energy Solar Ltd. (RNESL), a wholly owned subsidiary of Reliance Industries Ltd., said it has signed definitive agreements to acquire 100% shareholding in Faradion Ltd. (Faradion) for an enterprise value of GBP 100 million (around […]

South Korean consumer electronics major Samsung on Wednesday announced top level organisational changes in India with an aim to generate more synergies among its various businesses. The company has appointed CH Choi as the new division leader for the consumer electronics business while Jinsock Lee will be the division leader for the network business and would be based in Mumbai, […]

A 6G ‘Technology Innovation Group’ has also been constituted by the DoT to co-create and participate in the development of the 6G technology ecosystem The indigenous 5G test bed project, funded by the telecom department, has reached the final stages and the project is likely to be completed by December 31, according to an official statement. According to the statement, […]

‘Billing integration deadline extended, no cause for haste’ Tech titan Google has filed a writ in the Karnataka High Court seeking more time to reply to CCI’s queries pertaining to a probe into Play Store rules. Google said it respects the Competition Commission of India’s (CCI) investigative process and “will continue to engage cooperatively and constructively in the interest of […]