Xiaomi reclaims No 1 position, Samsung slips to second spot : Bulletin: Business Today
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Xiaomi reclaims No 1 position, Samsung slips to second spot

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Rashi Bisaria | January 28, 2021

Aditya Birla Fashion buys 51% stake in Sabyasachi for Rs 398 crore

Aditya Birla Fashion and Retail Limited (ABFRL) has signed a definitive agreement to buy 51 per cent stake in designer brand Sabyasachi for Rs 398 crore. The deal is expected to be closed in late-February or mid-March, the company said in a regulatory filing. Meanwhile, the ABFRL platform will complement brand Sabyasachi on its journey to becoming a global luxury house out of India

Reliance signs $15 million deal with Israeli firm for rapid COVID-19 test kits

Reliance Group has signed a $15 million deal with Israeli company Breath of Health to distribute the firm's COVID-19 breath testing system. The tests conducted by the company provide results in less than a minute, said Arie Laor, CEO of Breath of Health (BOH).

Indian app Chingari to hire pink-slipped TikTok employees

As Chinese video sharing platform hands over pink slips to over 1,000 employees following the permanent ban by the government of India, Indian app developer Chingari plans to hire some of the fired employees. Similar to TikTok, Chingari is an Indian video-sharing social networking platform where users could record and share short video clips.

Bill Gates draws strategy to stop the next pandemic

Microsoft co-founder turned philanthropist Bill Gates sketched out an ambitious plan to prevent the next pandemic, insisting on a global alert system, massive testing, tens of billions of dollars of annual spending, and a body of 2,000 "first responders". Gates added that the entire cost to safeguard the world sounds huge, though not compared with the $28 trillion approximate cost of COVID-19.

YES Bank founder Rana Kapoor arrested by ED in another money laundering case

The Enforcement Directorate (ED) on Wednesday arrested YES Bank founder Rana Kapoor in another money laundering case related to Mackstar Group and PMC Bank. Kapoor is the third person to be arrested in the case. Kapoor, who was arrested in March last year by the ED in a money laundering case, is already in judicial custody.

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