Bibek Debroy, the chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) on Friday took to Twitter in frustration about the services of Tata-owned Air India airlines. According…
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India fastest growing market for Netflix globally, says co-CEO Ted Sarandos
Netflix, the world’s only profitable pure-play streaming platform, said lower priced subscriptions have helped reignite its business in India, making it the fastest growing market for the company globally. Speaking…
Hindenburg alleges Gautam Adani’s brother pledged Adani Group promoter stakes for $240-mn loans from Russian bank
US short seller Hindenburg Research fired another salvo at Adani Group and it involves Vinod Adani, the elder brother of Gautam Adani. “Forbes is out with a major article evidencing…
HUL to sell Annapurna and Captain Cook brands for Rs 60 cr
FMCG major Hindustan Unilever Limited (HUL) on Friday announced that it has signed an agreement for the sale of its atta and salt business carried out under the brands ‘Annapurna’…
IDBI Bank, Kotak Mahindra Bank, Patanjali Foods added to FTSE All World index
Home-grown brands IDBI Bank, Kotak Mahindra Bank, Patanjali Foods have been added to the FTSE All World index. As per the semi-annual index review announcement, global index aggregator FTSE Russell…
Adani case: ‘Proposed panel should look into truthfulness of Hindenburg’s allegations,’ Centre tells SC
Centre told Supreme Court on Friday that “truthfulness” of allegations made by a US short seller against the Adani Group should be looked into by a panel proposed to examine…
Infosys appoints new group head of human resources
Indian IT behemoth Infosys has appointed Shaji Mathew as head of group human resources (HR). Krish Shankar will retire from the second-largest IT services provider in India after 15 years…
Lenovo logs in 24% slump in revenue, plans job cuts as demand for computers, smartphones weakens
The Lenovo Group reported $15.3 billion in revenue and $437 million in net income in the third quarter (Q3) of FY22-23, which is a 24 per cent decline in revenue…
Adani row: SC rejects govt’s sealed cover suggestion for panel, says full transparency needed
The Supreme Court on Friday refused to accept the sealed cover report submitted by the Centre, stating that they want to have complete transparency. The sealed report had suggestions for…
This VC fund is on the lookout for founders ‘with the ambition of Mukesh Ambani’
Jungle Ventures, an early-stage VC fund that invests in Indian and Southeast Asian start-ups, thrives on a contrarian investing philosophy. In a year defined by a funding slowdown, Jungle VC…