(Bloomberg) — Triton Partners has raised €5.5 billion ($6.3 billion) for its new flagship fund, people familiar with the matter said, an important milestone after the European buyout firm’s ability…
Category: Companies
Air India audit uncovers large-scale misuse of staff vacation travel scheme; 4,000 employees under scanner: Report
Air India has identified extensive inconsistencies in the application of its staff vacation travel program, affecting over 4,000 personnel, and has commenced remedial measures, including the application of sanctions on…
upGrad signs term sheet to acquire Unacademy in all-stock deal
Edtech firm upGrad has signed a term sheet to acquire rival Unacademy in a 100% share-swap transaction, signalling a potential consolidation move in India’s struggling online education sector. “We at…
Swedish court orders detention of Russian captain of tanker boarded off Sweden
STOCKHOLM — A Swedish court on Sunday ordered the detention of the Russian captain of a ship that was suspected to be sailing under a false flag in the Baltic…
CEOs want to be like Warren Buffett, right down to his shareholder letter
Warren Buffett’s advice on investing and business reached tens of millions of people during his long run at Berkshire Hathaway. But it is Buffett’s success in making shareholder letters sing…
Cement capacity race with Birla group may ease as Adani shifts focus to margins
Mumbai: The fierce expansion race between India’s two largest cement makers, which led to industry-wide overcapacity and margin erosion, may finally be cooling, with the Adani Group hinting it will…
FCC’s Carr Threatens TV Broadcast Licenses Over News Coverage
(Bloomberg) — Federal Communications Commission Chairman Brendan Carr threatened broadcasters with cancellation of their licenses if they did not “correct course” on news coverage. “Broadcasters that are running hoaxes and…
BP Cleared for First New Gulf of Mexico Field Project Since 2010 Blowout
(Bloomberg) — The Trump administration approved BP Plc’s plan to pump billions of dollars worth of crude from what will be the company’s first virgin field development in the Gulf…
A pardon lobbyist, $500,000 demand and alleged enforcer lead to extortion charge in New York
NEW YORK (AP) — Federal authorities in New York have arrested and charged a lobbyist — one who had worked on behalf of an ex-nursing home operator by President Donald…
Avenue Supermarts DMART appoints Kalpana Unadkat as chairperson, she replaces Chandrashekhar Bhave
Avenue Supermarts Limited announced on Saturday (March 14 )the appointment of Kalpana Unadkat as the chairperson of the company. The company, which operates the supermarket chain, said in a statement…