Retail

  New Delhi / Tribune News Service Swedish fashion retailer Hennes and Mauritz (H&M) on Monday said it will double the number of its stores in the country from six to 12 by year-end. The Indian unit of Hennes & Mauritz AB, which entered India in October and currently operates stores in Delhi, Punjab and Bengaluru, will expand to Mumbai, ...

  Beijing / Bloomberg Wal-Mart Stores Inc. will acquire a 5 percent stake in Asian e-commerce giant JD.com Inc. in a deal that will reshape the U.S. retail chain’s operations in China. As part of the agreement, JD.com will take ownership of Wal-Mart’s Yihaodian online marketplace, the companies said in a statement. The Chinese branch of Sam’s Club also will ...

  Tokyo/ Bloomberg LG Electronics Inc., with businesses spanning TVs to washing machines, is looking at home appliance acquisitions to fuel its global expansion and withstand a slowing smartphone market. The company will probably focus on business-to-business targets, such as component makers, Jo Seong-Jin, president of LG’s home appliance division, said in an interview. Earnings from the business will increase ...

  Sriharikota / Tribune News Service The Indian Space Research Organisation (ISRO) on Monday began the 48-hour countdown for the launch of 20 satellites, weighing a combined 1,288kg. The satellites will be launched by the national space agency’s workhorse rocket, Polar Satellite Launch Vehicle PSLV-C34, at 9:26am on Wednesday from the Satish Dhawan Space Centre in Sriharikota. The primary payload ...

  BEIJING / AP A Chinese regulator has ordered Apple Inc. to stop selling two versions of its iPhone 6 in Beijing after finding they look too much like a competitor, but Apple says sales are going ahead while it appeals. The ruling by an intellectual property tribunal is the latest legal stumbling block for Apple in its second-biggest global ...

  London / Bloomberg Tesco Plc agreed to sell its Dobbies Garden Centres chain for 217 million pounds ($309 million) as the U.K.’s biggest retailer continues to sell peripheral assets to focus on reviving its main supermarket business. Dobbies, which operates 35 garden-center stores across Scotland, England and Northern Ireland, will be bought by an investor group led by Midlothian ...

  New Delhi / Bloomberg India is proposing to convert some of its remote rural roads into runways, both for defense and commercial planes, as part of Prime Minister Narendra Modi’s plan to connect the nation’s 1.3 billion people. “We can close road traffic when a plane lands and open once the plane has taken off,” Nitin Gadkari, the transport ...

  Shanghai / Bloomberg Walt Disney Co.’s $5.5 billion Shanghai theme park, its first in mainland China, opened with fireworks, a dancing Mickey Mouse, dignitaries, and messages of support from two of the most powerful presidents in the world. “I hope that Shanghai Disney can provide visitors with safe and premium experiences and become a world class theme park. I ...

  NEW YORK / AP Wal-Mart Stores Inc. said it is cutting jobs in accounting and other back-office positions at about 500 locations in the Western region of the U.S. The move will affect two or three people per store, totaling as many as 1,500 workers, Wal-Mart spokesman Kory Lundberg said. But those employees are expected to be offered positions that ...

  Sriharikota / Bloomberg India’s space agency will launch a record 22 satellites on a single rocket as it tries to ease a global backlog and demonstrate the ability to compete with commercial spaceflight companies run by billionaires Elon Musk and Jeff Bezos. Satellites from the U.S., India, Canada and Germany will enter orbit after a scheduled June 20 liftoff ...