Three of India’s mid-sized IT companies—Persistent Systems Ltd, Hexaware Technologies Ltd and Firstsource Solutions Ltd—are looking to scale up their business and employ more people outside the US, which makes…
Category: Companies
Toyota supplier Denso targets 11% return on equity by 2030
Japanese auto parts maker Denso said on Tuesday it aims for sales of 8 trillion yen ($50 billion) and a return on equity of 11 per cent by 2030, despite…
Easebuzz eyes $80–100 million pre-IPO round, appoints banker
MUMBAI: Digital payments platform Easebuzz is preparing to raise $80–100 million in a pre-initial public offering (IPO) round, as the profitable fintech looks to set a valuation benchmark ahead of…
NTPC Green Energy’s arm signs green ammonia supply pact
, a wholly owned subsidiary of NTPC Green Energy, has signed a green ammonia purchase agreement with Solar Energy Corporation of India, marking a key step in advancing India’s clean…
Corona Remedies acquires Wokadine brand from Dr Reddy’s
Corona Remedies Ltd on Monday announced the acquisition of Wokadine, a 46-year-old trusted brand, from Dr. Reddy’s Laboratories Ltd. This marks its fifth acquisition and a strategic entry into the…
The 72-hour U-turn: Inside the boardroom drama at Sundaram Clayton
In a short span of 72 hours, the board of Sundaram Clayton Ltd met twice, with its chairman emeritus Venu Srinivasan taking over as chair at the second meeting, and…
Founder of orgasmic meditation’ company gets 9 years in prison in forced labor case
NEW YORK (AP) — The leader of a sex-focused women’s wellness company that was sentenced Monday to nine years in federal prison on forced labor charges, federal prosecutors said. Nicole…
Brazil Soccer Star Ronaldo Buys $8 Million Penthouse in Miami
(Bloomberg) — Brazilian legend Ronaldo bought a $7.8 million penthouse in Miami’s Bay Harbor Islands, records show, joining a growing list of soccer players who own trophy properties in the…
ECB has reservations about banking credentials of MPS boards CEO candidate, source says
(Adds reference to capital requirements in paragraph 3; governance adviser ISS report in 11-13) * CEO candidate of MPS board is former head of state lender CDP * ECB wants…
Airtel data centre arm Nxtra to raise $1 billion investment
Bharti Airtel Ltd on Monday announced a $1 billion investment in its data centre arm, Nxtra, alongside Alpha Wave Global, Carlyle, and Anchorage Capital, to expand its network in the…