June 8 (Reuters) – Proxy adviser ISS on Monday urged Warner Bros Discovery shareholders to vote against executive pay and exit packages for CEO David Zaslav and other top executives…
Category: Companies
Vedanta’s copper arm in Zambia faces ‘going concern’ warning, shows SEC filing
The auditors of Vedanta Group-owned CopperTech Metals have flagged substantial doubt over the ability of the company to continue as a going concern. This was revealed in the company’s US…
SAIL unveils strategic priorities for FY27
To sustain strong financial performance, Steel Authority of India Ltd (SAIL) outlined its strategic priorities for FY27 on Monday. “Our performance in FY26 reflects the combined effect of marketing initiatives,…
Grasim Industries to invest ₹3,094 cr to add 1.10 lakh tpa Lyocell capacity in Karnataka
Grasim Industries, an Aditya Birla Group company, will invest ₹3,094 crore to add 1.10 lakh tonne per annum capacity of Lyocell at Harihar in Karnataka. The phase II expansion of…
Series A capital squeeze leaves start-ups stranded between seed and scale
India’s venture capital market is witnessing a growing disconnect between abundant seed-stage funding and increasingly elusive Series A capital, creating a funding bottleneck that is leaving many start-ups stuck in…
PSU OMCs facing daily losses of ₹600-700 crore as crude volatility surges
The PSU oil marketing companies (OMCs) are facing a daily loss of around ₹600-700 crore on an industry basis due to the volatility in crude oil prices on account of…
Moët Hennessy eyes bigger whisky play in India; launches Glenmorangie The Lasanta 15 Years Old
Highland single malt Scotch whisky brand Glenmorangie has launched The Lasanta 15 Years Old in India, completing its evolved age-led range of 12-, 15-, and 18-year-old expressions. The launch comes…
Airtel, Vi eye over ₹24,000 crore relief as Bombay HC quashes govt’s spectrum fee demand
In a relief for telecom operators Bharti Airtel and Vodafone Idea, the Bombay High Court on Monday quashed the government’s demand notices seeking one time spectrum charges (OTSC) over the…
Kumar Shanker begins tenure as managing director of Indraprastha Gas
Indraprastha Gas Ltd (IGL), India’s largest city gas distributor, announced on Monday that Kumar Shanker has assumed charge as its managing director. He succeeds Kamal Kishore Chatiwal, who has returned…
Not a luxury many Indians can afford: Nithin Kamath flags deep divide in access to cooling as India warms up
Air conditioning is no longer just a comfort metric in India; it is a socio-economic divide, Nithin Kamath, co-founder of Zerodha, pointed out in a viral post reflecting on India’s…