PE firms Partners Group, Kedaara Capital is expected to spend around Rs 5000 crore (approx $752 million) for the acquisition of retail chain Vishal Mega Mart (VMM) from another PE firm, TPG Capital and Shriram Group.
U.S. civil liberties groups on Tuesday called on Amazon to stop offering facial recognition services to governments, warning that the software could be used to target immigrants and people of colour unfairly.
M&S has added experienced non-exec directors to its board as it prepares to deliver its latest results, with more store closures expected and potential demotion from the FTSE100 if its share price falls further.
The New York-based lifestyle group announced the resignation of the Italian designer from its Stuart Weitzman footwear brand on Monday, citing unspecified workplace misconduct as the reason for the departure.
Myntra has filed its financials for the 2016/2017 financial year and the data shows a 23 percent reduction in losses over the year as private label business grew substantially and advertising costs grew.