WTO gives European Union $4 billion target on US goods in Boeing case.

The European Union can impose tariffs on about $4 billion of US exports annually in retaliation for government aid to Boeing Co. deemed illegal by the World Trade Organization, according to people familiar with the ruling.The WTO decision, released privately to EU and US officials, is one-third of the EU’s...

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General Atlantic to invest $498.31 million in Reliance’s retail arm.

Reliance Industries Ltd said on Wednesday US Fund General Atlantic plans to invest 36.75 billion rupees ($498.31 million) for a 0.84% stake in its retail arm, making it the latest in a series of investments at the Indian oil-to-telecoms conglomerate.The investment gives Reliance Retail a pre money valuation...

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Walmart looking at up to $25 billion investment in Tata Group’s ‘super app’.

Walmart Inc is in talks with Tata Group for a potential investment of up to $25 billion in the Indian salt-to-software conglomerate’s new “super app”, the Mint newspaper reported on Tuesday, citing people familiar with the matter.According to ongoing discussions between the two companies, the super...

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Top Apple suppliers commit Rs 6,500 crore.

The government’s ambitious scheme to boost local electronics manufacturing seems to have started paying dividends.Reuters reported on Monday that three suppliers to Apple —Foxconn, Wistron and Pegatron—have committed investments totalling Rs 6,500 crore in India over five years. The three plan...

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Estee Lauder pays NASA $128,000 for photo shoot in space.

Estee Lauder Cos. is sending its newest skincare formula into space, and it’ll cost only about as much as paying a big influencer for a few Instagram posts.The U.S. cosmetics giant is spending $128,000 for NASA to fly 10 bottles of its skin serum to the International Space Station. Once there, astronauts...

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Tatas tap wealth funds to buy Shapoorji stake.

The Tata group has reached out to several investors, including sovereign wealth funds, to raise funds to buy out the Mistry family’s stake in Tata Sons Ltd, two people directly aware of the ongoing negotiations said.N Chandrasekaran, chairman of Tata Sons, is leading the talks with potential investors,...

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Rs 20,000 crore retro tax: International court rules for Vodafone.

Vodafone Group Plc won a long-running tax battle with the Indian government, which had demanded that the British telecom operator pay Rs20,000 crore in back taxes, interest and penalties related to its 2007 purchase of Hutchison Whampoa’s India operations.The Permanent Court of Arbitration in The Hague...

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Vodafone scores a victory in $3 billion tax dispute with India.

Vodafone Group Plc. won a crucial victory in a years-long tax dispute with the Indian government, a development that could potentially save the UK wireless carrier almost $3 billion.An international arbitration tribunal ruled Friday that India’s efforts to claim 200 billion rupees ($2.7 billion) in past...

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Harley-Davidson exits India, shuts production.

Harley-Davidson Inc said on Thursday it would discontinue its sales and manufacturing operations in India, effectively abandoning the world’s biggest motorcycle market after a decade of unsuccessful efforts to gain a foothold.Harley had spent recent months moving dealerships in the country to cheaper...

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E-grocery market to hit  $3  billion  this  year.

India’s online grocery market has emerged as the new battleground for BigBasket, Flipkart, Reliance JioMart, Swiggy and Amazon India.With customers preferring to stay indoors, companies are battling to grab a larger slice of this online grocery business that is estimated to expand ninefold to $18.2...

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