Amid faltering demand and steep inflation, impacting margins, the country’s largest foods company Nestle India is betting heavily on its innovative products pipeline and growing penetration for growth. As the…
Category: Companies
Air India ready to pay Rs 200 crore in severance to employees under VRS scheme
Tata Group owned airline Air India is planning to disburse up to Rs 200 crore worth severance to 2000 employees under its voluntary retirement scheme (VRS) as per a report. Livemint reported that…
Infosys announces Kiran Mazumdar-Shaw’s retirement from Board
Indian IT giant Infosys announced that Indian billionaire entrepreneur Kiran Mazumdar-Shaw will be retiring from the Infosys Board. Mazumdar-Shaw worked as an Independent Director at the IT company. Nandan Nilekani,…
Anil Agarwal denies any intention to sell stake in Vedanta Ltd, says report baseless, untrue
Mining mogul Anil Agarwal has denied that he is planning to sell 5 per cent stake in Vedanta. On Thursday morning, a Bloomberg report said that Agarwal was analysing the…
Anil Agarwal weighs stake sale option in Vedanta Ltd, in talks with banks: Report
Mining mogul Anil Agarwal is said to be analysing the sale of a minority stake in Mumbai-listed Vedanta Ltd. in a bid to reduce his business empire’s massive debt load,…
NSE, BSE put Adani Power under short-term additional surveillance measure yet again
NSE and BSE said that they would add Gautam Adani-controlled Adani Power under the short-term additional surveillance measure (ASM) framework from Thursday (March 23). The bourse in separate circulars said…
‘Hopefully, not another Indian company’: Hindenburg leaves everyone guessing about who it’ll target next after Adani
Soon after the US-based short-seller Hindenburg Research announced it will bring up another big report shortly, Twitter users wondered if other Indian company will be targeted after Adani. Some users…
Hindenburg to release new report, ‘another big one’ it says
US-based short-seller Hindenburg Research that released the damning report on the Adani Group, that led to a wipe-out of billions of dollars of investors money, is coming up with a…
Meta CEO Mark Zuckerberg’s email asking employee to ‘Please Resign’ leaked
An old email dated September 22, 2010 of Meta CEO Mark Zuckerberg asking a Facebook employee to “please resign” came out in public for the first time on Tuesday. The…
‘Related or unrelated parties?’: TMC’s Mahua Moitra asks Sebi, ED about Adani’s alleged reliance on offshore funding
Trinamool Congress MP Mahua Moitra on Wednesday asked market regulator Sebi, Enforcement Directorate, Income Tax Department if they will be investigating Hindenburg-hit Adani Group’s alleged reliance on offshore funding or…