A faraway war may squeeze margins for one of India’s biggest beer makers just as the summer season begins. After two tepid quarters, demand is finally recovering but profitability could…
Category: Companies
HDFC Bank part-time chairman quits: Read full text of Atanu Chakraborty’s resignation letter to lender
HDFC Bank part-time chairman Atanu Chakraborty has resigned from his post at the second-largest bank of India citing differences over “values and ethics”. In his resignation letter, shared by with…
Dr Reddy’s, Sun, Zydus ready semaglutide generics, weight loss drug’s prices expected to halve in India
India’s weight-loss drug market is on the verge of a price shake-up. In days, domestic drugmakers are set to launch cheaper versions of semaglutide, the GLP-1 (glucagon-like peptide-1) therapy popular…
HDFC Bank seeks to steady nerves after Chakraborty exit; Mistry says ethics charge “defies logic”
MUMBAI: A day after HDFC Bank chairman Atanu Chakraborty resigned citing ethical concerns, the bank’s interim leadership moved swiftly to steady nerves, saying the allegations “defy logic” and flag no…
Binance founder is now richer than Bill Gates. How much is Changpeng Zhao net worth and what fuels his wealth?
Binance founder Changpeng Zhao is at present richer than Microsoft founder Bill Gates, making him not just the wealthiest crypto mogul but also one of the 20 billionaires with over…
Being ‘the next Warren Buffett’ sounds like an honor. It is more of a curse.
Warren Buffett’s devout fans say he is inimitable. It has never stopped others from trying. Buffett stepped down as Berkshire Hathaway’s chief executive officer in December, ending a decadeslong tenure…
HSBC layoffs soon? Wall Street giant may slash 20,000 roles amid AI-led overhaul, says report
HSBC layoffs: HSBC Holdings Plc is deciding on a wave of deep job cuts that could see 20,000 layoffs in the upcoming years as Chief Executive Officer Georges Elhedery bets…
2,400 Kaiser mental health professionals strike in Northern California over AI concerns
OAKLAND, Calif. (AP) — About 2,400 Kaiser Permanente mental health professionals were striking Wednesday in Northern California over concerns that the health care giant is replacing therapists with artificial intelligence.…
Pennsylvania regulators seek $2.6 million in penalties for deadly 2023 chocolate factory explosion
HARRISBURG, Pa. (AP) — Pennsylvania regulators asked an administrative law judge on Wednesday to make a gas utility pay $2.6 million in civil penalties for a chocolate factory explosion three…
Private Credit Woes Aren’t a Repeat of Financial Crisis, Bank of America Analyst Says
(Bloomberg) — The recent selloff in firms tied to the private credit industry threw Ares Management Corp. “out with the bathwater,” according to BofA Securities Inc. The rout in alternative…