Farmers aren’t the only ones praying for a good monsoon this year. The country’s leading FMCG firms, too, are banking on a normal monsoon for a recovery in demand and…
Author: Admin
UBS rehires Ermotti as CEO to steer Credit Suisse takeover
UBS Group AG has rehired Sergio Ermotti as CEO to steer its massive takeover of neighbour Credit Suisse – a surprise move that seeks to take advantage of his experience…
Global banks going belly up: Lessons for India’s resilient banking sector
The recent global banking debacles have highlighted the robustness of India’s Rs 216-lakh crore banking industry. But there are important lessons there for India’s banking sector as well. The crisis…
Adani Group responds to report on partial payment of $2.15 bn debt; here’s what it said
The Adani Group, in response to a media report that questioned the conglomerate’s repayment of its debt totalling $2.15 billion, called the claims “baseless and deliberately mischievous”. It reiterated that…
Jindal Stainless to acquire 49% stake in Indonesian company to secure nickel supply
Jindal Stainless said on Tuesday that it would acquire a 49 per cent stake in Indonesia-based New Yaking, as it seeks to secure a supply of nickel, which is a…
Adani Ports, Adani Transmission exposed to ‘higher contagion risks’: Fitch Ratings
Rating agency Fitch Ratings has said that two subsidiaries of the ports-to-power conglomerate Adani Group are exposed to higher contagion risks which could impact financial flexibility. Fitch attributed the contagion…
India, Russia in talks to develop Northern Sea shipping route
India and Russia are looking to expand the use of the Northern Sea shipping route, including building of processing facilities. The Northern Sea shipping route passes through the Arctic Ocean. …
Adidas says Black Lives Matter design violates three-stripe trademark
Sneaker giant Adidas AG has asked the US Trademark Office to reject an application for a Black Lives Matter trademark featuring three parallel stripes, arguing it could mislead the public.…
‘Mischievous’: Adani Group refutes report that claimed share-backed debt not paid
Adani Group on Tuesday refuted a report that claimed the conglomerate had not paid all its loans against promoters’ shares. “Adani has completed full prepayment of margin linked share backed…
India’s overall exports cross an all-time high of $750 billion, says Piyush Goyal
India’s overall exports have crossed an all-time high of $750 billion, Union Minister of Commerce Piyush Goyal said on Tuesday. The country’s exports have risen from $500 billion in 2020-2021…