Top 5 Business News of The Day from Times of India
Today’s business landscape is dynamic and constantly evolving. As a result, it’s crucial for businesses to keep up with the latest news and trends in order to stay ahead of the curve. In this article, we’ll be highlighting the top five business news stories from today’s edition of the Times of India, providing valuable insights and information that every business owner and professional should know.
1) India’s GDP Declines by 7.5% in Q2 of 2020-21
The Indian Economy shrank by 7.5% in the second quarter of 2020-21 (July-September) but it signified the end of the most severe phase of the pandemic-induced recession in India. However, given the latest COVID-19 resurgence globally, economies world over, including India, are likely to face limited headroom to reverse the GDP decline.
2) Google India to Counter IAB’s Claim of Dominance in the Online Ad Market
In a recent development, the Internet and Mobile Association of India (IAMAI) and the Indian Broadcasters’ Federation (IBF) have raised concerns around Google India’s alleged dominance in the online ad market. Google India has since responded, stating that it is in compliance with all relevant Indian laws and regulations.
3) Alibaba Gives Mixed Update on Singles’ Day Sales Amid China’s Regulatory Clampdown
Alibaba Group has announced that it has reached $56.3 billion in sales during the 11-day annual shopping extravaganza known as Singles’ Day. The announcement comes as Chinese regulators have initiated regulatory tightening on the company, resulting in Ant Group, Alibaba’s fintech giant, being forced to delay its record-breaking IPO.
4) HCL Technologies to Acquire Australian IT Solutions Company for $1.8 Billion
Leading IT services company HCL Technologies has announced its acquisition of Australian IT solutions company DWS Limited for a whopping $1.8 billion. The acquisition will strengthen HCL’s position in the Australia and New Zealand markets, providing additional capabilities in areas such as cloud, data, and digital technologies.
5) Unilever in Talks with GSK to Acquire Nutrition Business in India and Bangladesh
Global FMCG giant Unilever is reportedly in talks with pharmaceutical giant GSK to acquire its nutrition business in India and Bangladesh. The deal, worth around $3.7 billion, would see Unilever expanding its presence in the nutrition market and would likely further bolster the company’s capabilities in emerging markets.
Conclusion
In conclusion, keeping up with the latest business news is crucial for staying ahead of the competition and making informed decisions. By highlighting the top news stories from today’s edition of the Times of India, this article has provided valuable insights and information for business professionals and owners alike. It’s important to stay informed and keep an eye on the latest developments in the dynamic world of business.
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