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Corporate News Today: The Latest Developments
Stay ahead with our coverage of significant events affecting global industries and markets. Whether you’re an investor, a business expert, or simply fascinated by industry dynamics, our updates offer insights into developments shaping the economic landscape. From startups to established giants, get the news that matters to make informed decisions in today’s rapidly evolving business environment.
Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
Amazon Boosts Investment in Speed for Faster Deliveries
21 Sep 2024, 06:30:11 AM IST
Amazon is doubling down on its investment in swift delivery services, mimicking rivals like Flipkart and Zepto known for their rapid product deliveries. This move follows changing consumer expectations as quick-commerce gains prominence.
Work From Home Free-For-All is Ending
21 Sep 2024, 10:32:45 AM IST
Amazon’s CEO has mandated a full-time return to office for employees, signalling an end to remote work flexibility. The two-day-at-home norm might now be a thing of the past.
Legal Battles and Mergers
Hard-Edged Battle Over Squishy Toys
21 Sep 2024, 10:00:19 AM IST
Build-A-Bear and Squishmallows’ manufacturer are entangled in a legal tussle. The court case has drawn attention and shed light on competitive challenges in the toy industry.
Johnson & Johnson’s Third Bankruptcy Filing
21 Sep 2024, 06:21:26 PM IST
Johnson & Johnson has filed for bankruptcy for a third time. This is their latest attempt to settle several cancer lawsuits linked to their products.
NCLAT Rejects State Tax Department’s Claim
21 Sep 2024, 02:21:04 PM IST
The NCLAT has dismissed the State Tax Department’s claims on dues from Reliance Communication following an insolvency plea.
Market Dynamics and Consumer Trends
iPhone 16 Accessible with Offers
21 Sep 2024, 06:00:13 AM IST
Thanks to bank tie-ups, the iPhone 16 is now available in India at a much reduced price of ₹48,900, or potentially less with exchange offers. This is a significant drop from the iPhone 15’s initial price of ₹60,000.
iPhone 16 War: Blinkit and BigBasket
21 Sep 2024, 02:50:36 PM IST
Blinkit and BigBasket are racing to sell the iPhone 16 series in selected cities. Although BigBasket led initial sales, Blinkit is following closely.
Blinkit, Zepto to Face CCI Scrutiny
21 Sep 2024, 12:41:21 PM IST
Local retailers have raised complaints about Blinkit and Zepto’s quick commerce platforms. The CCI will scrutinize these firms for alleged predatory pricing and anti-competitive practices.
Leadership and Strategic Shifts
Elon Musk’s New Role and Legal Troubles
21 Sep 2024, 04:14:49 PM IST
Elon Musk eyes the role of chief red-tape cutter. His recent threats against the FAA and criticisms of the EPA add weight to this potential pivot. Yet, the US SEC has criticised Musk for missing a trial to attend a SpaceX launch, planning to seek sanctions against him.
Read the full stories here | SEC’s criticism
Jeff Bezos’ Unique Management Tactics
21 Sep 2024, 01:47:21 PM IST
Jeff Bezos was known for leaving an empty chair at Amazon’s meetings to represent the customer. This unique practice emphasized customer focus in any decision-making. Additionally, Bezos preferred ‘two pizza’ teams and the use of memos over PPT presentations.
Oravel Stays to Acquire Motel 6
21 Sep 2024, 11:40:39 AM IST
OYO’s parent company, Oravel Stays, is set to acquire G6 Hospitality, the operator of Motel 6 and Studio 6. The $525 million all-cash deal aims to close by Q4 2024. OYO looks to leverage its technology and distribution network to enhance these brands while maintaining their separate identities.
Keep visiting for further updates on significant events shaping today’s business world.
