Category: Business

Birkenstock has agreed to sell a majority stake to LVMH-backed private equity firm L Catterton, it said on Friday. The family-owned German company said the deal would help it to … Read More

Apart from bringing new suppliers on board, Xiaomi is also hoping to take advantage of the newly launched PLI scheme that offers incentives on incremental production of smartphones with 2020 … Read More

The Indian High Commission in London on Thursday welcomed the Westminster Magistrates’ Court ruling in the extradition case of diamond merchant Nirav Modi, wanted in India to stand trial on … Read More

Li Auto said late Thursday it expected to deliver between 10,500 and 11,500 cars in the first quarter of the year, or fewer than 4,000 vehicles a month. Nio, which … Read More

Biden has indicated that trade talks are not high on his agenda for now — but that may be what the U.S. needs to get closer to partners in Asia, … Read More

The FAA fined Boeing $5.4 million for violating a 2015 settlement that required it to improve safety oversight. Boeing also agreed to pay $1.2 million to settle two other cases. … Read More

3D-printing rocket builder Relativity Space is working on Terran R, a fully reusable launch vehicle that would be near the capabilities of SpaceX's Falcon 9 rocket. Terran R is "really … Read More

The U.K. remains the number one market for cumulative installations, although it's now closely followed by China. All in all, global offshore wind capacity stands at more than 35 gigawatts, … Read More

But be ready for lock-in till the age of 60.Sanjay Kumar Singh finds out more, With interest income on provident fund contributions above Rs 2.5 lakh becoming taxable, many people … Read More

Highly transmissible Covid-19 variants "stand to reverse" the nation's control of the pandemic and could "undermine all of our efforts" against the disease, CDC Director Dr. Rochelle Walensky said. The … Read More