With its $14-bn purchase of Whole Foods Market, Amazon announced its intention to take on Wal-Mart in the brick-and-mortar world Source: Livemint.com (http://www.livemint.com/rss/industry)

Telecom sector under severe stress because of ‘rapidly declining revenues’ of all operators, telecom commission tells finance ministry in 1 June letter Source: Livemint.com (http://www.livemint.com/rss/industry)

The proposed three-day nationwide strike from 19 June to 21 June 2017 has been deferred for the next three months, says coal workers union Source: Livemint.com (http://www.livemint.com/rss/industry)

Jaguar Land Rover is drawing up plans to hire an extra 5,000 engineers and technical staff in the next year in UK, a Sunday Telegraph report said Source: Livemint.com (http://www.livemint.com/rss/industry)

Lanco Infratech said the RBI has directed its lead lender IDBI Bank to initiate insolvency proceedings for the company under the bankruptcy code Source: Livemint.com (http://www.livemint.com/rss/industry)

The RBI has initiated prompt corrective action against Pune-based Bank of Maharashtra in view of a high level of bad loans and negative return on assets Source: Livemint.com (http://www.livemint.com/rss/industry)

China’s central bank PBOC boosted the supply of cash in the financial system to the most since January Source: Livemint.com (http://www.livemint.com/rss/industry)

Amazon expects to reduce headcount and change inventory to lower prices and make Whole Foods competitive with Wal-Mart Stores and other big-box retailers Source: Livemint.com (http://www.livemint.com/rss/industry)

Govt will also come out with the framework for a data security and protection policy, says Union minister for electronics and IT Ravi Shankar Prasad Source: Livemint.com (http://www.livemint.com/rss/industry)

Bombay high court granted HUL’s plea for an injunction against advertisements that Amul began airing in March Source: Livemint.com (http://www.livemint.com/rss/industry)